IN-VEHICLE INFOTAINMENT MARKET ANALYSIS

In-Vehicle Infotainment MarketSize and Trends

The global in-vehicle infotainment market size was valued at US$ 22.43 billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 10.8% from 2023 to 2030.  The in-vehicle infotainment market has seen significant growth over recent years due to technological advancements and increasing demand for smart integrated car systems. The global market is driven by the increased popularity of electric and autonomous vehicles, a trend towards connectivity, rising disposable income and increasing awareness about safety features in cars.

Global In-vehicle infotainment Market Trends:

Growing shift toward innovation for enhancing in-vehicle user experience is a major trend

The automotive industry around the world is shifting toward design and development of innovative technologies in order to offer better connectivity solutions, improve in-vehicle user experience, and advance vehicle safety. Automotive infotainment is one of the major technologies that work as a central point of all the new automotive systems. It combines their functions so that they can be controlled and monitored from one central unit. The demand for infotainment systems is therefore increasing in automotive industry. This trend is thus likely to boost growth of the global in-vehicle infotainment market over the forecast period.

Increasing advancements in infotainment systems

The integration of smartphone functions into in-vehicle infotainment systems is increasing. The use of mobile phones is increasing rapidly all over the world, and along with it, the use of smartphones has increased in cars for same purpose. The access to internet through mobile phone is widespread across several regions. Thus, infotainment systems are increasingly witnessing advancements that make them compatible to connect with smartphones. This trend is therefore expected to continue in the global in-vehicle infotainment market over the forecast period.