Automotive Infotainment Market to Post 6.36% CAGR over 2017-2023, States MRFR in Its Topical Report Available at MarketPublishers.com27 Sep 2017 • by Natalie Aster
LONDON – Enhancing support for open-source and standard platforms for apps development, rising smartphone integration with IVI systems, escalating demand for infotainment systems, surging vehicle production and increasing integration of infotainment solutions with other systems are the key factors spurring growth in the automotive infotainment market. Meantime, this market also faces a number of challenges, for instance, design complexity, different product lifecycles for smartphones and embedded infotainment systems, difficulty in content prioritization and enhancing concerns about data security.
As of 2016, the value of the global automotive infotainment market crossed USD 22.4 billion; it is anticipated to grow at a modest 6.36% CAGR through 2023 to exceed USD 34.25 billion.
On the basis of operating system, the QNX sector grabs the biggest share of the overall automotive infotainment market and is projected to increase at a CAGR of appr. 6.26% up till 2023.
Regionally, North America is forecast to maintain the dominant position in the global market for automotive infotainment encouraged by strong demand for vehicles, increasing disposable incomes, wide choice of innovative infotainment products, elevating population number and escalating demand for automotive and digital entertainment. However, the highest CAGR through 2023 is expected in the APAC market for automotive infotainment.
Topical research study “Global Automotive Infotainment Market – Trends & Forecast, 2017-2023” prepared by Market Research Future (MRFR) offers a profound analysis of the market performance, landscape and dynamics; discusses the key market growth drivers and barriers, outlines future possible growth challenges and opportunities, investigates the market scenario across the key regions, examines the market segments and estimates their shares. Besides, this report describes competitive landscape, profiles top players, features prevailing trends, comprises Porter’s Five Forces analysis. Additionally, this report touches upon historical development patterns, characterises current situation and also provides a comprehensive future outlook through 2023.
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