Automotive InfotainmentMarket-Overview
The augmented support foropen-source and standard platforms for application development are projected tomotivate the automotiveinfotainment market 2020. The telematics and infotainment reports are madeby Market Research Future, which includes market options for progress. A CAGRof 5.91% is predicted to spur the global market in the impending period.
The mass production of vehicles is estimated to be bolsteredby smartphone integration with IVI systems by the conclusion of the forecastperiod. The provision of over-the-air (OTA) updates for embedded infotainmentsystems in the approaching period.
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Segmental Analysis
The segmental assessment of theautomotive infotainment market has been carried out on the basis ofthe operatingsystem and region. On the basis of the operating systems, the automotiveinfotainment market is segmented into Linux, QNX, Microsoft, and others. Basedon the regions, the automotive infotainment market is segmented into NorthAmerica, Europe, Asia Pacific and other global regions.
Detailed RegionalAnalysis
The regional assessment of the automotiveinfotainment market is conducted on the basis of North America, Europe, AsiaPacific and other global regions. The automotive infotainment market in theAsia Pacific is undeniably one of the best performing regions for theautomotive market through the globe. Supported by the developing economies andtheir upward GDP, the Asia Pacific has appeared as the fastest-growing regionin the automotive infotainment market. The North American automotiveinfotainment market has appeared as the major region in terms of worth followedby the regional market of APAC and Europe. The US leads the North Americanregional marketfor automotive infotainment in 2018, in terms of value, and isalso anticipated to preserve its authorityall through the forecasted period. TheNorth American region is a stable economy as far as investing in the automotiveindustry is concerned. On the whole, the automotive industry is expecting a largeinvestmentby numeroustitansowing to the intensifying demand for passenger cars. Thewholeautomotive industry in North America isexperiencinganupheaval, and automotiveinfotainment is performing a decisive role in determining the market’strajectory.
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Competitive Analysis
The economic downturn ispredicted to induce contenders into carrying out deliberation of theiropportunities to plan for the long term expansion. The need to transform the service and theproduct delivery is projected to create a favourable scope for development ofthe market. The marketing budgets in the market are estimated to be restricteddue to the lack of liquidity in the market, and this is foreseen to transformthe overall market in the impending period. Also, the market is estimated tofocus on a locally based structure to reduce operating cost in these times. Theimperative conditions for growth are estimated to spur the market considerablyin the impending period. The competition in the market is estimated to ramp upbecause of the lack of profitable opportunities in the market. The optimizationof the resources in the market is predicted to create promising options forgrowth in the impending period. The recalibration of the supply chains isestimated to undertaken at a fast pace in this period ahead.
The momentouscontendersin the automotiveinfotainment market are Continental AG (Germany), Harman International (US),Pioneer Electronics (US), DENSO CORPORATION (Japan), Garmin Ltd (Switzerland), AlpineElectronics, Inc. (Japan), KENWOOD Corporation (Japan), Panasonic Corporation(Japan), Delphi Automotive PLC (UK) and ALLGo Embedded Systems Pvt Ltd (India).
Industry Updates:
July 2020 Pioneer India, an Autoinfotainment system supplierstatedrecently that it is estimated to introducethree-carAVreceivers with Alexa built-in. These AV receivers have been produced with thecloud-based voice facility of Amazon Alexa, to deliver a seamless driving feel.The diverse design characteristics will provide to the requirements of severaltypes of cars and users.
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Market Research Future (MRFR) isa global market research firm that takes great pleasure in its services,providing a detailed and reliable study of diverse industries and consumersworldwide. MRFR's methodology integrates proprietary information with differentdata sources to provide the client with a comprehensive understanding of thecurrent key trends, upcoming events, and the steps to be taken based on thoseaspects.
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