Vehicles must be connected to the internet in today's world, where connection is such a crucial component of daily life. Vehicles are increasingly being used as a source of entertainment and information. The terms "infotainment system" and "entertainment system" are interchangeable. In-vehicle infotainment refers to a variety of electronic devices that are used to convey information and entertainment content to a vehicle's end user. Navigation systems, premium audio systems, telematics, fuel efficiency, and safety and connectivity solutions are all part of this system.
With connectivity and telematics choices, as well as low-cost navigation solutions built in car dashboards, the automotive infotainment sector has defied the impact. The categories of sound (radio, CD player, USB stick, etc. ), navigation (software and hardware), display (various sizes LCD screen, touch screen), and connectivity were used to create the term infotainment (mobile phone connection, voice control, traffic reports, vehicle-to -vehicle communication).
The volume and value of the market for "In-vehicle Infotainment and Telematics Systems" are covered in this study. From 2014 to 2019, the market volume is expressed in thousands of units, while the market value is expressed in millions of dollars. The market for automobile in-vehicle infotainment systems is divided into four categories: navigation systems, terrestrial digital audio broadcasting (T-DAB) digital radio, satellite digital audio broadcasting (S-DAB) satellite radio, multimedia player, and rear seat entertainment (RSE). The market for automotive in-vehicle Telematics systems is divided into technology kinds (Integrated Telematics, Embedded Telematics, and Tethered Telematics) the marketplace
The volume and value of the automobile In-Vehicle Infotainment and Telematics Systems market are classified and defined in this report. It also offers qualitative information on the various types of in-vehicle infotainment and telematics systems, as well as their essential components. In addition, the research covers market drivers, constraints, opportunities, challenges, and significant issues in the automotive In-Vehicle Infotainment and Telematics Systems market. The top players in the market for automobile In-Vehicle Infotainment and Telematics Systems are also profiled in the report.
The market for automotive infotainment systems was valued at USD 25 billion in 2020, and is predicted to reach USD 41 billion by 2026, with a CAGR of roughly 8% during the forecast period (2021 - 2026).
Because the market is primarily driven by expanding car sales and production, the influence of the COVID-19 pandemic on the Automotive Infotainment Systems Market is unavoidable. As a result of the ongoing lockdowns and shutdowns of industrial units, automobile production and sales have slowed in various parts of the world.
However, the market is likely to increase positively over the projection period, as automakers compete fiercely to adopt innovative infotainment systems in their next car models. Mitsubishi Motors Corporation, Nissan Motor Co. Ltd, and Groupe Renault, for example, have agreed to use Google Inc.'s Android operating system (OS) in their next-generation infotainment systems beginning in 2021.
In addition, starting with the new Crown model in 2018, Toyota Motor Corporation incorporated digital apps such as Line to its T-Connect infotainment system in Japan. Furthermore, the increased emphasis on driver comfort and safety, particularly in commercial vehicles with long trip times, has resulted in the rapid installation of automotive entertainment systems in these vehicles. Furthermore, installing navigation and vehicle control units in commercial trucks helps to reduce response time during emergencies, lowering the danger of an accident. Aside from that, a number of automakers are now introducing low-cost infotainment systems, hence enhancing product affordability.
https://www.coherentmarketinsights.com/market-insight/automotive-infotainment-market-3302
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