Electric Vehicle Infotainment Market by System Type (Multimedia System, Heads-Up System, Navigation System, Driver Safety and Communication System, Rear Seat Entertainment System) by Connectivity Type (Bluetooth, Cellular, Wireless, Wired Connectivity)- Growth, Share, Opportunities & Competitive Analysis, 2015 – 2027
The global Electric Vehicle Infotainment Market is expected to cross-market value of USD 117.55 billion in 2027 from USD 5.7 billion in 2020. It is expected to grow at a CAGR of over 65.6% during the forecast period.
EV infotainment is a system that offers entertainment and information to the driver and passengers while they are in the car. The device incorporates touchscreens, audio/video (A/V) interfaces, keypads, and other components, including hands-free phone connections, navigational facilities, vehicle voice control, internet access, two-way messaging tools, and other security features. Credence Research is offering holistic information and absolute accuracy in the report titled “Global Electric Vehicle Infotainment Market.”
Key Market Drivers and Restraints
Factors that have a high impact on industrial electric vehicle market growth will be covered here. Also, covers factors that may challenge or act as an opportunity for the market will be discussed to identify revenue generation.
Integrated Telematics
Telecommunication devices are used in integrated telematics to send and receive data from one location to another. Integrated telematics offers important information to drivers, such as GPS, fuel tracking, and eco-driving, to name a few. Embedded telematics aims to eliminate modules and replace them with telematics systems that perform various operational functions, including anti-lock brakes, cruise control, climate control, and other features. Embedded telematics is suitable for many manufacturers and automotive industries because of its operational efficiency and comfort.
Asia-Pacific to Dominate the global market
On the geographic front, the global market comprises six regions with all key economies pertaining to it. Credence Research provides in-depth insight into prominent regions of the global market. Asia-Pacific dominated with over 54.11% share in 2020.
Global Market is led by the Heads-Up System and will continue in the Future.
Multimedia systems, Heads-Up systems, Navigation systems, Driver Safety and Communication Systems, and Rear Seat Entertainment systems are the different System Types in the global market. Although, in 2020, Heads-Up System accounted for the largest share in the global market owing to features like showing vehicle-related information such as vehicle speed and fuel level, the heads-up category of infotainment systems will gain popularity in the coming years, providing a safer driving experience.
Wireless continues to dominate the global market in terms of Connectivity Type.
Bluetooth, Cellular, Wireless, and Wired Connectivity are various Connectivity Types in this market. The wireless networking infotainment systems segment had the highest share covering more than half of the market. Over the forecast period, rising customer perception is expected to drive demand for electric vehicle infotainment.
Frequently asked questions about global industry
Multimedia System, Heads-Up System, Driver Safety and Communication System, Navigation System and Rear Seat Entertainment System are the different System Types available in the market
Continental AG, Audi AG, Panasonic corporations, Aisin Seiki Co., Ltd., General Motors Corp, Clarion Corporation of America, Harman International Industries Inc., JVC KENWOOD are the key players operating in this market
Wireless Connectivity Type offers tremendous opportunities to players
Asia-Pacific has the largest share owing to various developments happening in this space
The market is anticipated to grow at a CAGR of 65.6% throughout the forecast period
