Dublin, June 06, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global In-Vehicle Infotainment Market, Analysis & Forecast, 2017 - 2022 - Focus on In-Car Navigation, In-Car Audio Systems, In-Car Video Systems & In-Car Connectivity Solutions for Passenger and Commercial Vehicles by OE and Aftermarket Channels" report to their offering. The global in-vehicle infotainment market was worth $33.78 billion in the FY2016 and is expected to grow at a high rate during the forecast period of 2016-2022.
Developed countries currently have a higher penetration rate of infotainment systems and services whereas emerging economies hold the largest potential in terms of market growth. The global in-vehicle infotainment market is driven by a number of factors such as increasing production and sales of passenger cars, increasing smartphone penetration, and lowering in the cost of wireless connectivity. However, the major safety and distraction issues caused by infotainment systems along with data safety and privacy concerns are restraining the growth of the in-vehicle infotainment market.
The in-vehicle infotainment market has been gaining significant traction during the recent years, a great deal of which is attributed to changing consumer preferences, increasing awareness regarding infotainment systems and telematics, and decreasing average selling price of infotainment systems. The ecosystem of automotive infotainment market consists of component manufacturers, platform developers, solutions providers, telecom services provider, infotainment systems manufacturers, and automotive original equipment manufacturers. The in-vehicle infotainment market comprises of in-car navigation systems, in-car video systems, and in-car audio systems. Different vehicle types have different requirement regarding infotainment systems resulting in the different adoption rates. The in-vehicle infotainment market is experiencing an increased rate of participation from non-core players in the form of electronics and software companies, which has resulted in an increase in popularity and adoption of infotainment systems among all the vehicle types. The in-vehicle infotainment market has been divided on the basis of vehicle type, distribution channel, device type, technology type, and geography. Passenger car segment is currently experiencing a higher growth rate as compared to commercial vehicles. The higher production and sales of passenger cars especially in emerging countries along with increase in disposable income and improved offering from car manufacturers are fuelling the market growth for in-vehicle infotainment systems of passenger cars. The in-car navigation system is experiencing the highest growth rate among all the devices used in infotainment systems. The technological advancements leading to the decrease in the average selling price of navigation systems and changing consumer preferences towards increasing acceptability for the integrated in-car navigation systems are the main factors responsible for driving the sales of these devices during the forecast period. Some of the key companies in the in-vehicle infotainment market are Panasonic Corporation, Clarion Corporation, Alpine Electronics Inc., Pioneer Corporation, Continental AG, and Harman International. These companies are actively aiming for an increased participation through partnerships and collaborations in order to expand their operations and improve product offerings to gain significant market presence in both the OEM and aftermarket channels. Key Topics Covered: Executive Summary 1 Research Scope and Methodology 2 Market Dynamics 2.1 Market Drivers 2.1.1 Increase in Vehicle Production 2.1.2 Increasing Adoption of Smartphones 2.1.3 Lower Cost of Wireless Connectivity 2.1.4 Impact of Market Drivers 2.2 Market Challenges 2.2.1 Safety and Security Issues 2.2.2 Consumer Acceptance 2.2.3 Impact of Market Challenges 2.3 Market Opportunities 2.3.1 Future Demand for Connected and Autonomous Cars 2.3.2 Opportunities in Emerging Economies 3 Competitive Insights 3.1 Key Market Developments and Strategies 3.1.1 Partnerships, Joint Ventures, Collaborations and Contracts 3.1.2 New Product Launches, Developments and Expansions 3.1.3 Other Developments 3.2 Strategic Benchmarking 3.3 Industry Attractiveness 3.3.1 Demand Side Analysis 3.3.1.1 Increasing Acceptance of Digital Human Machine Interface (HMI) and Voice Control Functions 3.3.1.2 Increasing Car Sales in Developing Countries 3.3.1.3 Shifting Consumer Preferences Towards Technologically Advanced and Connected vehicles 3.3.2 Product Analysis 3.3.3 Legal Regulations 3.3.3.1 US National Highway and Transport Safety Authority (US NHTSA) Guidelines 3.3.3.2 Japanese Automobile Manufacturers Association (JAMA) Guidelines: 3.3.3.3 EU Regulation: 3.3.4 Automotive Infotainment Ecosystem 4 Global Automotive Infotainment Market, by Channel 4.1 Assumptions for Analysis and Forecast of the In-vehicle Infotainment Systems Market 4.2 Market Overview 4.3 OEM Market 4.4 Aftermarket 5 Global Automotive Infotainment Market, by Vehicle Type 5.1 Market Overview 5.2 Passenger Cars 5.3 Commercial Vehicles 6 Global Automotive Infotainment Market, by Device Type 6.1 Market Overview 6.2 In-car Navigation Systems 6.3 In Car Video Systems 6.4 In Car Audio Systems 6.5 In-Car Connectivity 6.5.1 Bluetooth 6.5.2 Wi-Fi 6.5.3 Long Term Evolution (LTE) 7 Global Automotive Infotainment Market, by Technology 7.1 Market Overview 7.2 Embedded Telematics 7.3 Tethered Telematics 7.4 Integrated Telematics 8 Global In-Vehicle Infotainment System Market, by Region 9 Company Profiles
- Aisin Seiki Co., Ltd.
- Alpine Electronics Inc.
- Blaupunkt GmbH
- Bose Corporation
- Clarion Co., Ltd.
- Continental AG
- Delphi Automotive PLC
- Denso Corporation
- Harman International Industries
- JVC Kenwood
- Magneti Marelli S.P.A
- Panasonic Corporation
- Pioneer Corporation
- Robert Bosch GmbH
- TomTom NV
- Visteon Corporation
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