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Automotive Infotainment Market Size, Share & Trend Analysis Report By Product Type, By Fit Type, By Vehicle Type And Regional Forecasts, 2022 - 2030
Automotive Infotainment Market Size, Share & Trend Analysis Report By Product Type (Audio Unit, Display Units, Heads-Up Displays), By Fit Type, By Vehicle Type, And Regional Forecasts, 2022 - 2030
New York, June 24, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Automotive Infotainment Market Size, Share & Trend Analysis Report By Product Type, By Fit Type, By Vehicle Type And Regional Forecasts, 2022 - 2030" - https://www.reportlinker.com/p06288302/?utm_source=GNW
Automotive Infotainment Market Growth & Trends
The global automotive infotainment market is expected to reach USD 15.13 billion by 2030, registering a CAGR of 9.3% during the forecast period 2022 to 2030 according to a new report. The increasing demand for advanced safety features, self-driving vehicles, digital cockpits for driver assistance, and entertainment purposes is driving the growth of the automotive infotainment market. Furthermore, changing consumer preferences toward technologically advanced products are the key factors contributing to the growth of the overall automotive infotainment market.
Collaboration & partnership between e-commerce companies and automobile manufacturers are expected to create new growth opportunities for the automotive infotainment market. For instance, in January 2022, Amazon.com Inc. and Stellantis NV collaborated to develop the trucks and cars equipped with the Amazon software dashboard and deploy them within the Amazon delivery vehicles fleet. These vehicles will be equipped with infotainment system and collect real-time data using the Amazon cloud service.
One of the critical challenges the automotive infotainment market faces is the shutting down of 3G networking services by a major cellular operator such as AT&T.The company shut down its 3G network in March 2021, and other networking firms are following the same path.
Millions of cars connected with 3G networks will face serious network issues, making the installed infotainment system incompatible.
Prominent automobile manufacturers are working closely with software development companies for developing a technologically advanced solution that provides an edge over their competitors.In January 2021, General Motors and Cruise took a strategic move by entering into a long-term partnership with Microsoft to accelerate its sales and incorporate cloud computing for self-driving vehicles.
The strategic partnership is expected to bring innovations in self-driving vehicles and create new growth opportunities for the automotive infotainment market.
Automotive Infotainment Market Report Highlights
• Increasing penetration of augmented reality technology is majorly contributing to the rising development of the heads-up display segment during the forecast period 2022 to 2030
• The OE fitted segment is expected to hold significant market share by volume in the automotive infotainment market, this is majorly due to its easier serving, low maintenance, and company warranty feature
• The passenger car segment accounted for the largest revenue share of around 80.0% of the overall automotive infotainment market in 2021. The increasing demand for the technology advanced features in the passenger vehicles, used by the transportation sector, is a key contributor to the major share of the segment
Read the full report: https://www.reportlinker.com/p06288302/?utm_source=GNW
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