Automotive Infotainment System Market Revenue to Register CAGR of 11.4% from 2019 to 2023
Added: (Tue May 21 2019)
Pressbox (Press Release) -
MarketResearch.biz announces publication of its most recently generated research report titled, “Global Automotive Infotainment System Market by Product Type (Audio Unit, Display Unit, Head-up Display, Navigation Unit, Communication Unit), by Fit Type (OEM and Aftermarket), by Application (Passenger Cars and Commercial Vehicles) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) Global Forecast to 2028.”, which offers a holistic view of the automotive infotainment system market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2019–2023) is projected to be more than US$ 169.2 Bn, which is expected to increase rather relatively over the latter part of the five-year forecast period.
Browse the full report at https://marketresearch.biz/report/automotive-infotainment-systems-market/
Global Automotive Infotainment System Market: Definition
Automotive infotainment system combines hardware and software in order to provide useful information and entertainment applications to driver and passengers in the vehicle. This system is installed in vehicles and connected to device via Bluetooth or Wi-Fi. For controlling infotainment system touch screen, voice commands, or physical controls are used.
Global Automotive Infotainment System Market: Market Dynamicsglobal automotive infotainment system market by type
Major factor driving growth of the global automotive infotainment system market is increasing demand of passenger and commercial vehicles, especially in developing countries. In addition, growing awareness regarding advantages of infotainment system that offers driver assistance, online streaming videos, online music, voice command control, navigation, etc. is another key factor fueling growth of the target market.
Government regulations regarding safety of the driver and installations on safety and security systems in vehicles is a factor supporting growth of the target market. In addition, government initiatives for development of industrial sector, coupled with increasing investment by various international players in developing countries,