In-Car Infotainment Market To Observe Highest Growth of USD 37,530.4 million Till 2028

Rise in adoption of cloud technology and rapid growth of the smartphone industry have boosted the growth of the global 𝐈𝐧-𝐂𝐚𝐫 𝐈𝐧𝐟𝐨𝐭𝐚𝐢𝐧𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭. However, high cost of advanced technologies and lack of uninterrupted & seamless connectivity hinder the market growth. On the contrary, increase in demand for rear-seat entertainment, personalized solutions as per the need, and surge in adoption of connected cars are expected to open lucrative opportunities for the market players in the future.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/request-sample/709

The global in-car infotainment market size was valued at $21,410 million in 2020, and is projected to reach $37,530.4 million by 2028, registering a CAGR of 7.5% from 2021 to 2028.

The report segments the global in-car infotainment market on the basis of installation type, component, and region.

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞

𝐏𝐈𝐎𝐍𝐄𝐄𝐑 𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐈𝐎𝐍, .𝐒𝐀𝐌𝐒𝐔𝐍𝐆 𝐄𝐋𝐄𝐂𝐓𝐑𝐎𝐍𝐈𝐂𝐒 𝐂𝐎., 𝐋𝐓𝐃., 𝐂𝐎𝐍𝐓𝐈𝐍𝐄𝐍𝐓𝐀𝐋 𝐀𝐆, 𝐀𝐋𝐏𝐒 𝐀𝐋𝐏𝐈𝐍𝐄 𝐂𝐎., 𝐋𝐓𝐃., 𝐀𝐔𝐃𝐈 𝐀𝐆, 𝐕𝐈𝐒𝐓𝐑𝐎𝐍 𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐈𝐎𝐍, 𝐏𝐀𝐍𝐀𝐒𝐎𝐍𝐈𝐂 𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐈𝐎𝐍, 𝐕𝐎𝐋𝐊𝐒𝐖𝐀𝐆𝐄𝐍 𝐀𝐆, 𝐁𝐌𝐖 𝐆𝐑𝐎𝐔𝐏, 𝐅𝐎𝐑𝐃 𝐌𝐎𝐓𝐎𝐑 𝐂𝐎𝐌𝐏𝐀𝐍𝐘

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐭𝐡𝐞 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/checkout-final/1065a36ce264df8a0ffff8377bc13b19

The factors such as rise in demand for smartphone integration in in-car infotainment systems is also reinforcing the adoption of in-car infotainment systems. Hence, companies have introduced advanced in-car infotainment systems compatible with all smartphones. Android auto and apple car play allows the user to connect smart phones to the in-car infotainment systems. Furthermore, growing trend of connected cars and increasing adoption of cloud technology is also foreseen to boost the in-car infotainment demand during the forecast period.

Where once rear seat entertainment was only for high-end, premium passenger vehicles, they are on the verge of becoming mainstream in lower end passenger vehicle categories, as the requirement for vehicle integrated hardware is reduced. On the other hand, potential for new media & entertainment services is a huge and untapped opportunity for the passenger vehicles and the ongoing pandemic has played its part in bolstering the evolution of media consumption habits which is further foreseen reinforce the demand for in-car infotainment in upcoming years.

On the basis of component, the software segment would manifest the highest CAGR of 8.7% during the forecast period. However, the hardware segment held the largest share in 2020, contributing to nearly 87% of the total market share.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮'𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/709

The rise in demand for smartphones boosts the growth in demand for smartphone integration in in-car infotainment systems. Hence, companies have introduced advanced in-car infotainment systems compatible with all smartphones. Android Auto connects smartphone to car's touchscreen infotainment system so the two can work together with the use of smartphone/Wi-Fi, digital dashboard that helps driver to navigate, make calls, play music, and perform other tasks hands-free. For instance, Volkswagen Passat started offering internet connectivity-based infotainment system in some region. In addition, multiple companies are planning to launch smart infotainment system in untapped countries with the help of smartphone integration. Thus, rise in smartphone adoption creates immense opportunities for the global in-car infotainment market.

The global in-car infotainment market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across the Asia-Pacific region dominated in 2020 in terms of revenue, accounting for nearly two-fifths of the market. However, the market across LAMEA is anticipated to portray the highest CAGR of 9.7% during the forecast period.

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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Pneumatic Tire Market - https://www.alliedmarketresearch.com/pneumatic-tyre-market

Agricultural Tractors Market - https://www.globenewswire.com/en/news-release/2023/11/15/2780765/0/en/Agricultural-Tractors-Market-to-Hit-97-8-Billion-by-2031-Report-by-Allied-Market-Research.html

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