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In-vehicle infotainment market is projected to grow at a CAGR of 11.79% by 2022



The in-vehicle infotainment market is estimated to grow at a CAGR of 11.79% from 2017 to 2022 and is projected to reach USD 30.47 billion by 2022. The growth of the in-vehicle infotainment market is driven by the increasing vehicle production, increasing installation rate of infotainment systems, and telematics mandates. Besides, an increase in the demand for luxury vehicles is expected to boost technological advancements in the in-vehicle infotainment market.

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The manufacturers of in-vehicle infotainment system have adopted the strategies of new product development and collaborations & partnerships to gain traction in the in-vehicle infotainment market. While new product development helps the company to have a competitive advantage in terms of technology, collaborations & partnerships help to formulate a better business strategy by enabling a strong global footprint. For example, Denso Corporation developed an interactive, augmented reality display that illustrates its vision for smart cities. The display shows how vehicles, infrastructure, homes, and grids can be connected and made more energy efficient in the upcoming smart cities.

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The key market players in the in-vehicle infotainment market are HARMAN International (U.S.), Panasonic Corporation (Japan), Clarion (Japan), Continental AG (Germany), and Robert Bosch GmbH (Germany).

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News Release: In-vehicle infotainment market is projected to grow at a CAGR of 11.79% by 2022
Submitted on: November 15, 2017 07:19:01 AM
Submitted by: Sujan
On behalf of: www.marketsandmarkets.com/Market-Reports/in-car-vehicle-infotainment-ici-systems-market-538.html
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