Increased sales of luxury cars to boost demand for automotive infotainment

The global automotive infotainment market is expected to reach USD 40.17 billion by 2024 driven by the rising consumer demand for in-vehicle entertainment.

Technological advancement coupled with the rising disposable income of the population contributing to the huge demand for passenger cars and other vehicles is expected to play a vital role in driving market growth

Rapid adoption of these systems by consumers has resulted in the presence of a robust market in the region

Asia Pacific is expected to show significant growth at a CAGR of 14.7% over the forecast period owing to the rising consumer income, growing urban population and increasing sale of luxury cars.

                                                 

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Growing disposable income in developing economies, especially in countries of Asia Pacific and the Middle East, is a major factor for the rising of sales automotive infotainment systems. Furthermore, advancements in technology such as improved graphic user interface, USB ports, Bluetooth connectivity, touch screen, voice recognition and navigation are the primary driving factor for the automotive infotainment industry.

Passenger cars and Commercial vehicles are the segmentation by vehicle, 2014 - 2024 (USD Million)

North America, Europe and Asia Pacific and Oceania are the segmentation by region by 2014-2024 (USD Million)

Harman International, Denso Corporation, JVC Kenwood Corporation and few are the key players of Automotive Infotainment Market