In-Vehicle Infotainment Market to Exhibit a Remarkable CAGR of 11.06% Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook

Global In-Vehicle Infotainment Market was valued at USD 20.90 billion in 2021 and is expected to reach USD 48.37 billion by 2029, registering a CAGR of 11.06% during the forecast period of 2022-2029.

Market Overview:

Infotainment systems are new technology in entertainment industry and embedded infotainment systems are providing information and entertainment. Infotainment system embedded in vehicles are referred to in-vehicle infotainment system. These system enhance the driver experience in car and commercial vehicles. This system are usually two-way communication tool and with different audio and video feature.

Explore Further Details about This Research In-Vehicle Infotainment Market Report
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In-Vehicle Infotainment Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Road Safety

The rise in awareness regarding road safety among consumers acts as one of the major factor driving the growth of in-vehicle infotainment market. Government of various regions are taking initiatives to decline the number of road accidents. Manufacturers are increasing their investments to meet government standards that further assists in the expansion of the market.

• High End Luxury Cars

The increase in the sales of high end luxury cars is accelerating the growth of the market. The surge in disposable income is escalating demand for high end luxury cars among population throughout the world. The rise in the demand for high performance and reliability of automobiles among consumers drives the market growth.

• High Demand for Passenger Vehicles

The increase in demand for passenger vehicles owing to the surge in middle-income group population along with rise in standard of living in emerging countries further influence the market. Consumers are also inclining towards these vehicles due to the availability of economic options in these vehicles.
Additionally, expansion of the automotive sector, surge in investments and increased disposable income positively affect the in-vehicle infotainment market.

Opportunities

Furthermore, government mandates on telematics and e-call services extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, emergence of various technologies such as 5G and AI will further escalate the growth of in-vehicle infotainment market.

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