According to a new market report published by
Lucintel, the future of the global automotive infotainment market looks promising
with opportunities in the passenger car and commercial vehicle. The global
automotive infotainment market is expected to reach an estimated $56.7 billion
by 2021.The global automotive infotainment market is forecast to grow at a CAGR
of 8.4% from 2016 to 2021. The major drivers of growth for this market are increase
in the vehicle production, increasing awareness among consumers towards
connected car offerings, and growing government concern on driver’s safety and
security.
In this market, navigation, audio, instrument
cluster, connectivity, display, accessories, and software platforms and
telematics are some of the major segments by product type. On the basis of its
comprehensive research, Lucintel forecasts that the navigation and connectivity
segments are expected to show above average growth during the forecast period.
Within the global automotive infotainment
market, the display segment is expected to remain the largest market.
Availability of credit, increasing purchasing power of people in developing
nations, and easy financing options are expected to drive vehicle sales, which
would spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest
region due to high vehicle production, improvement in the economic conditions
and increasing investments by industry players within the APAC region.
North America
and Asia Pacific are expected to witness significant growth over the forecast
period because of rapidly increasing demand for
infotainment systems from OEMs and the aftermarkets of China, India, Japan, and
Germany.
For business expansion, Lucintel’s report
suggests innovation and new product development to provide high quality information
and entertainment services in the vehicle. The report further suggests the
development of partnerships with customers to create win-win situations and
development of low-cost solutions for customers.
Emerging trends, which have a direct impact on
the dynamics of the industry, include the development of navigation system with
holographic technology, development of pupil based driver monitoring system,
development of bamboo plant opal loudspeaker, and development of portable audio
system with active noise canceling technology. Panasonic Corporation, Harman
International Industries Ltd., Continental AG, Pioneer Corporation, and Alpine
Electronics Inc. are the major infotainment suppliers in the global automotive
infotainment market. Several of these companies are seeking mergers and
acquisitions as strategic initiatives to drive growth.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global automotive infotainment market by product type, end user, vehicle type
and region, and has compiled a comprehensive research report entitled “Growth
Opportunities in the Global Automotive Infotainment Market 2016-2021: Trends,
Forecast, and Opportunity Analysis.”
The Lucintel report serves as a springboard for growth strategy by providing
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the growth opportunities in the global automotive
infotainment market by product type, end user, vehicle type and region, as
follows:
By product type ($ billion from 2010 to 2021):
·
Navigation
·
Audio
·
Instrument Cluster
·
Connectivity
·
Display
·
Accessories
·
Software Platforms and Telematics
By vehicle type ($ billion from 2010 to 2021):
Passenger Car
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)
By End User ($ billion from 2010 to 2021):
·
OEM
·
Aftermarket
By region ($ billion from 2010 to 2021):
·
North America
·
Europe
·
Asia Pacific
·
Rest of the World
This
188-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or
helpdesk@lucintel.com. Lucintel
offerings include Mass
Transportation, Transportation
Market Report, SWOT
Matrix,
Due
Diligence and Mergers
& Acquisitions.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following key questions:
Q. 1. What are
some of the most promising, high-growth opportunities for the automotive
infotainment market by product type ( Navigation , Audio, Instrument cluster,
Connectivity, Display, Accessories and Software platforms and Telematics),
end-user (OEM and Aftermarket), vehicle type (Passenger Car : (small car, mid-size
car large car, sports car), Light Commercial Vehicle and Heavy Commercial
Vehicle), and region (North America, Europe, Asia Pacific, and the Rest of the
World)?
Q. 2. Which
segments will grow at a faster pace and why?
Q. 3. Which region will
grow at a faster pace and why?
Q.4 What are
the key factors affecting market dynamics? What are the drivers, challenges and
business risks in this market?
Q.5. What are the business risks and competitive
threats in this market?
Q.6. What
are the emerging trends in this market and the reasons behind them?
Q.7. What
are some of the changing demands of customers in the market?
Q.8. What are
the new developments in the market? Which companies are leading these
developments?
Q.9. Who are the
major players in this market? What strategic initiatives are key players
pursuing for business growth?
Q.10. What are
some of the competing products in this market and how big of a threat do they
pose for loss of market share by materials / product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
