In-Vehicle Infotainment Witness Significant Growth Accelerated By Rapid Digitization Of Automotive Industry

 

In-Vehicle Infotainment Market 


In-vehicle infotainment systems provide connectivity and entertainment features to drivers and passengers. In-vehicle infotainment systems offer features such as navigation, telematics, Bluetooth connectivity for calling and media streaming, backup camera, and social media integration. The global demand for connected vehicles has been increasing significantly which is a major driver for the growth of the in-vehicle infotainment market.

The global In-Vehicle Infotainment Market is estimated to be valued at US$ 24.85 Bn in 2023 and is expected to exhibit a CAGR of 10.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:


The rapid digitization of the automotive industry has been a major driver accelerating the growth of the in-vehicle infotainment market. Connected features in vehicles allow users access to various digital services and content. Rising demand for over-the-air firmware updates and software upgrades for advanced infotainment systems from drivers have compelled automakers to invest heavily in telematics technology. Growing consumer inclination towards connected driving experience through integration of their smartphones and digital lifestyle with vehicle infotainment is expected to further the market growth over the forecast period.

Segment Analysis


The global in-vehicle infotainment market is segmented on the basis of product type, vehicle type, connectivity, hardware installation, operating system and region. Based on product type, the market is classified into infotainment unit, control panel, head-up display, telematics control unit and others. The infotainment unit segment dominated the market in 2022 due to increasing usage of advanced infotainment systems equipped with navigation and connectivity features.

Key Takeaways


The Global In-Vehicle Infotainment Market Demand is expected to witness high growth during the forecast period of 2023 to 2030. The North American region dominated the market in 2022 due to early adoption of advanced technologies. Key players operating in the in-vehicle infotainment market are Straumann Group, Zimmer Biomet Holding, Inc., Danaher Corporation, Dentsply Sinora Inc., BioHorizons IPH, Inc., Henry Schein, Inc., Osstem Implant Co. Ltd., Avinent Implant System, A-Dec Inc., Nobel Biocare, Sonoma Pharmaceuticals, Inc, and Nexa3D.

Regional analysis
The Asia Pacific region is expected to be the fastest growing market during the forecast period. This is attributed to rising disposable incomes and high spending on luxury and premium vehicles integrated with advanced infotainment features in countries like China and India. Moreover, increasing penetration of smartphones and internet connectivity is supporting demand for connected vehicle technologies.

Key players
Key players operating in the in-vehicle infotainment market are Straumann Group, Zimmer Biomet Holding, Inc., Danaher Corporation, Dentsply Sinora Inc., BioHorizons IPH, Inc., Henry Schein, Inc., Osstem Implant Co. Ltd., Avinent Implant System, A-Dec Inc., Nobel Biocare, Sonoma Pharmaceuticals, Inc, and Nexa3D. The key players are focusing on new product launches and innovations to strengthen their market position. For instance, in 2022, Straumann Group expanded its blue series implant portfolio with the new blue-line root forms and surgical kits to support increased accessibility for dental implants.

 

Explore more information on this topic, Please visit-     

https://www.marketwebjournal.com/in-vehicle-infotainment-market-growth-and-trnds-analysis-share-size-demand-forecast/ 

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