The in-vehicle infotainment market size has grown rapidly in recent years. It will grow from $21.72 billion in 2023 to $24.22 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The expansion observed in the historical period can be attributed to increasing sales of high-end luxury cars, growth in emerging markets, rising demand for passenger cars, and the high adoption of connected cars.
The in-vehicle infotainment market size is expected to see rapid growth in the next few years. It will grow to $37.02 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The anticipated growth in the forecast period can be attributed to government support for the automotive sector, increasing demand for autonomous and electric vehicles, and growing urbanization. Key trends expected in this period include technological advancements in automotive infotainment systems, the implementation of over-the-air updates for infotainment systems, strategic partnerships and collaborations among market players to improve product portfolios, the integration of the Android operating system in infotainment units, product innovations in automotive connectivity, the integration of artificial intelligence (AI) technology in infotainment systems, and the development of personalized in-vehicle infotainment systems.
The anticipated growth in the sales of high-end luxury cars is poised to drive the expansion of the in-vehicle infotainment market in the future. Luxury cars, crafted by prestigious automakers, boast high-performance capabilities, opulent interiors, and cutting-edge safety and technology features not found in more affordable vehicles. These luxury vehicles are equipped with the latest and advanced infotainment systems, contributing to advanced vehicle safety and security. Notably, in 2021, BMW Group reported a global sales increase of 8.4% for luxury vehicles under the BMW, MINI, and Rolls-Royce brands, with a total of 2,521,525 units delivered globally. The BMW brand itself achieved an unprecedented global sales high of 2,213,795 units in the same year. Therefore, the surge in high-end luxury car sales is a significant driver behind the in-vehicle infotainment market's growth.
Increasing government support is anticipated to be a driving force for the in-vehicle infotainment market in the coming years. Governments worldwide are actively endorsing the automotive sector to develop innovative solutions that enhance the industry. A notable example is the Canadian government's initiative in March 2022, where it invested $131.6 million in Honda Canada. This investment aims to support the retooling of Honda's manufacturing operations in Alliston, Ontario, for the upcoming generation of hybrid-electric vehicles. The Province of Ontario is set to match this investment. Consequently, the growing government support for the automotive industry is expected to propel the in-vehicle infotainment market.
Technological advancements represent a prominent trend gaining traction in the in-vehicle infotainment market. Major companies operating in this sector are focused on creating innovative technological solutions to fortify their market position. For instance, in August 2022, Mitsubishi Electric Corporation, based in Japan, introduced the 'Inca Jay Digital Cockpit,' a futuristic infotainment system. Notable features of this cockpit include a real-time voice translator, image processing capabilities, and advanced driver assistance systems (ADAS). The system monitors the driver's face using near-infrared and driver-facing cameras to detect any issues with the driver, and it includes an evolved ADAS for enhanced emergency and safety functions.
Leading companies in the in-vehicle infotainment sector are directing efforts toward the development and launch of technologically advanced products to strengthen their market presence. For instance, in February 2022, Harman International, a US-based audio electronics company, introduced HARMAN Savari MECWAVE, an industry-first multi-access edge computing (MEC) software platform. This platform enables automakers and mobile network operators to deliver ultra-low latency applications and services on edge computing infrastructure. MECWAVE, operating on the edge with ultra-low latency, expedites the deployment of vehicle-to-everything (V2X) communications, including safety-critical applications such as hazard alerts, along with high-throughput connectivity experiences such as interactive infotainment and video streaming.
In February 2021, HARMAN International made a strategic move by acquiring Apostera, a Germany-based automotive technology company specializing in infotainment, navigation, and dashboard systems. Through this acquisition, Harman aimed to accelerate and expand its capabilities and product portfolio in the development of the augmented reality/mixed reality (AR/MR) automotive space.
Major companies operating in the in-vehicle infotainment market report are Samsung Electronics Co. Ltd., Panasonic Corporation, Mitsubishi Electric Corporation, Robert Bosch GmbH, Alps Electric Co, Ltd.,MED-EL Medical Electronics, Livanova PLC, Biotronik Se & Co., Kg, MicroPort Scientific Corporation, Envoy Medical Corporation, Pregna International, Johari Digital Healthcare Limited, Renalyx Health Systems, Medprime Technologies, Comofi Medtech, Dynamed Equipments, Aurolab, Unicorn Denmart Limited, Lepu Medical Technology Company, Calon Cardio, Better Medical Technology, Beijing Aeonmed Co., Ltd., BONSS MEDICAL, Koninklijke Philips N.V., Berlin Heals Holding AG, CorWave SA, Philips Healthcare, Draegerwerk AG, Getinge Group, Ceryx Medical, MEDICO s.r.l., Medical-Łomża Sp. z o.o., Panop CZ, Medplant LLC, P.H.U. Medical, ProVeterináře, Johnson & Johnson, Baxter, Stryker, Axio Biosolutions, Cirtec Medical, Masimo, Teleflex Inc., NAGL MedTech, B Braun Argentina, Braile Biomedica Ltd., Megadyne Argentina, Embramed Industria e Comercio de Produtos Hospitalares Ltd., Arabian Medical Enterprises LLC, Zahrawi Group, Al Burak Medical Services, Lodox Systems, Glenmed Healthcare Solutions (PTY) Ltd., Lepeke Medical Group, LTE Medical Solutions.
North America was the largest region in the in-vehicle infotainment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the in-vehicle infotainment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the in-vehicle infotainment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The main components of in-vehicle infotainment systems are software, hardware, and services. Software, in this context, refers to a computer operating system that facilitates the control of data flow between application programs. These systems are employed to offer a range of services, including entertainment, navigation, communication, vehicle diagnostics, and others, catering to both passenger cars and commercial vehicles. These components may be integrated as original equipment manufacturer (OEM) fittings or added through aftermarket installations.
The in-vehicle infotainment market research report is one of a series of new reports that provides in-vehicle infotainment market statistics, including in-vehicle infotainment industry global market size, regional shares, competitors with an in-vehicle infotainment market share, detailed in-vehicle infotainment market segments, market trends and opportunities, and any further data you may need to thrive in the in-vehicle infotainment industry. This in-vehicle infotainment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The in-vehicle infotainment market consists of revenues earned by entities by provide audio, video and information services in automobiles. The market value includes the value of related goods sold by the service provider or included within the service offering. The in-vehicle infotainment market also includes sales of radio, multimedia, navigation and connectivity devices which used in providing In-vehicle infotainment services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The in-vehicle infotainment market size is expected to see rapid growth in the next few years. It will grow to $37.02 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The anticipated growth in the forecast period can be attributed to government support for the automotive sector, increasing demand for autonomous and electric vehicles, and growing urbanization. Key trends expected in this period include technological advancements in automotive infotainment systems, the implementation of over-the-air updates for infotainment systems, strategic partnerships and collaborations among market players to improve product portfolios, the integration of the Android operating system in infotainment units, product innovations in automotive connectivity, the integration of artificial intelligence (AI) technology in infotainment systems, and the development of personalized in-vehicle infotainment systems.
The anticipated growth in the sales of high-end luxury cars is poised to drive the expansion of the in-vehicle infotainment market in the future. Luxury cars, crafted by prestigious automakers, boast high-performance capabilities, opulent interiors, and cutting-edge safety and technology features not found in more affordable vehicles. These luxury vehicles are equipped with the latest and advanced infotainment systems, contributing to advanced vehicle safety and security. Notably, in 2021, BMW Group reported a global sales increase of 8.4% for luxury vehicles under the BMW, MINI, and Rolls-Royce brands, with a total of 2,521,525 units delivered globally. The BMW brand itself achieved an unprecedented global sales high of 2,213,795 units in the same year. Therefore, the surge in high-end luxury car sales is a significant driver behind the in-vehicle infotainment market's growth.
Increasing government support is anticipated to be a driving force for the in-vehicle infotainment market in the coming years. Governments worldwide are actively endorsing the automotive sector to develop innovative solutions that enhance the industry. A notable example is the Canadian government's initiative in March 2022, where it invested $131.6 million in Honda Canada. This investment aims to support the retooling of Honda's manufacturing operations in Alliston, Ontario, for the upcoming generation of hybrid-electric vehicles. The Province of Ontario is set to match this investment. Consequently, the growing government support for the automotive industry is expected to propel the in-vehicle infotainment market.
Technological advancements represent a prominent trend gaining traction in the in-vehicle infotainment market. Major companies operating in this sector are focused on creating innovative technological solutions to fortify their market position. For instance, in August 2022, Mitsubishi Electric Corporation, based in Japan, introduced the 'Inca Jay Digital Cockpit,' a futuristic infotainment system. Notable features of this cockpit include a real-time voice translator, image processing capabilities, and advanced driver assistance systems (ADAS). The system monitors the driver's face using near-infrared and driver-facing cameras to detect any issues with the driver, and it includes an evolved ADAS for enhanced emergency and safety functions.
Leading companies in the in-vehicle infotainment sector are directing efforts toward the development and launch of technologically advanced products to strengthen their market presence. For instance, in February 2022, Harman International, a US-based audio electronics company, introduced HARMAN Savari MECWAVE, an industry-first multi-access edge computing (MEC) software platform. This platform enables automakers and mobile network operators to deliver ultra-low latency applications and services on edge computing infrastructure. MECWAVE, operating on the edge with ultra-low latency, expedites the deployment of vehicle-to-everything (V2X) communications, including safety-critical applications such as hazard alerts, along with high-throughput connectivity experiences such as interactive infotainment and video streaming.
In February 2021, HARMAN International made a strategic move by acquiring Apostera, a Germany-based automotive technology company specializing in infotainment, navigation, and dashboard systems. Through this acquisition, Harman aimed to accelerate and expand its capabilities and product portfolio in the development of the augmented reality/mixed reality (AR/MR) automotive space.
Major companies operating in the in-vehicle infotainment market report are Samsung Electronics Co. Ltd., Panasonic Corporation, Mitsubishi Electric Corporation, Robert Bosch GmbH, Alps Electric Co, Ltd.,MED-EL Medical Electronics, Livanova PLC, Biotronik Se & Co., Kg, MicroPort Scientific Corporation, Envoy Medical Corporation, Pregna International, Johari Digital Healthcare Limited, Renalyx Health Systems, Medprime Technologies, Comofi Medtech, Dynamed Equipments, Aurolab, Unicorn Denmart Limited, Lepu Medical Technology Company, Calon Cardio, Better Medical Technology, Beijing Aeonmed Co., Ltd., BONSS MEDICAL, Koninklijke Philips N.V., Berlin Heals Holding AG, CorWave SA, Philips Healthcare, Draegerwerk AG, Getinge Group, Ceryx Medical, MEDICO s.r.l., Medical-Łomża Sp. z o.o., Panop CZ, Medplant LLC, P.H.U. Medical, ProVeterináře, Johnson & Johnson, Baxter, Stryker, Axio Biosolutions, Cirtec Medical, Masimo, Teleflex Inc., NAGL MedTech, B Braun Argentina, Braile Biomedica Ltd., Megadyne Argentina, Embramed Industria e Comercio de Produtos Hospitalares Ltd., Arabian Medical Enterprises LLC, Zahrawi Group, Al Burak Medical Services, Lodox Systems, Glenmed Healthcare Solutions (PTY) Ltd., Lepeke Medical Group, LTE Medical Solutions.
North America was the largest region in the in-vehicle infotainment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the in-vehicle infotainment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the in-vehicle infotainment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The main components of in-vehicle infotainment systems are software, hardware, and services. Software, in this context, refers to a computer operating system that facilitates the control of data flow between application programs. These systems are employed to offer a range of services, including entertainment, navigation, communication, vehicle diagnostics, and others, catering to both passenger cars and commercial vehicles. These components may be integrated as original equipment manufacturer (OEM) fittings or added through aftermarket installations.
The in-vehicle infotainment market research report is one of a series of new reports that provides in-vehicle infotainment market statistics, including in-vehicle infotainment industry global market size, regional shares, competitors with an in-vehicle infotainment market share, detailed in-vehicle infotainment market segments, market trends and opportunities, and any further data you may need to thrive in the in-vehicle infotainment industry. This in-vehicle infotainment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The in-vehicle infotainment market consists of revenues earned by entities by provide audio, video and information services in automobiles. The market value includes the value of related goods sold by the service provider or included within the service offering. The in-vehicle infotainment market also includes sales of radio, multimedia, navigation and connectivity devices which used in providing In-vehicle infotainment services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. in-Vehicle Infotainment Market Characteristics3. in-Vehicle Infotainment Market Trends and Strategies32. Global in-Vehicle Infotainment Market Competitive Benchmarking33. Global in-Vehicle Infotainment Market Competitive Dashboard34. Key Mergers and Acquisitions in the in-Vehicle Infotainment Market
4. in-Vehicle Infotainment Market - Macro Economic Scenario
5. Global in-Vehicle Infotainment Market Size and Growth
6. in-Vehicle Infotainment Market Segmentation
7. in-Vehicle Infotainment Market Regional and Country Analysis
8. Asia-Pacific in-Vehicle Infotainment Market
9. China in-Vehicle Infotainment Market
10. India in-Vehicle Infotainment Market
11. Japan in-Vehicle Infotainment Market
12. Australia in-Vehicle Infotainment Market
13. Indonesia in-Vehicle Infotainment Market
14. South Korea in-Vehicle Infotainment Market
15. Western Europe in-Vehicle Infotainment Market
16. UK in-Vehicle Infotainment Market
17. Germany in-Vehicle Infotainment Market
18. France in-Vehicle Infotainment Market
19. Italy in-Vehicle Infotainment Market
20. Spain in-Vehicle Infotainment Market
21. Eastern Europe in-Vehicle Infotainment Market
22. Russia in-Vehicle Infotainment Market
23. North America in-Vehicle Infotainment Market
24. USA in-Vehicle Infotainment Market
25. Canada in-Vehicle Infotainment Market
26. South America in-Vehicle Infotainment Market
27. Brazil in-Vehicle Infotainment Market
28. Middle East in-Vehicle Infotainment Market
29. Africa in-Vehicle Infotainment Market
30. in-Vehicle Infotainment Market Competitive Landscape and Company Profiles
31. in-Vehicle Infotainment Market Other Major and Innovative Companies
35. in-Vehicle Infotainment Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
In-Vehicle Infotainment Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on in-vehicle infotainment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for in-vehicle infotainment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Component: Software; Hardware; Services
2) By Services: Entertainment Services; Navigation Services; Communication Services; Vehicle Diagnostics Services; Other Services
3) By Vehicle Type: Passenger Car; Commercial Vehicles
4) By Fitting: OE (Original Equipment) Fitted; Aftermarket
Key Companies Mentioned: Samsung Electronics Co. Ltd; Panasonic Corporation; Mitsubishi Electric Corporation; Robert Bosch GmbH; Alps Electric Co, Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Samsung Electronics Co. Ltd
- Panasonic Corporation
- Mitsubishi Electric Corporation
- Robert Bosch GmbH
- Alps Electric Co, Ltd.
- MED-EL Medical Electronics
- Livanova PLC
- Biotronik Se & Co., Kg
- MicroPort Scientific Corporation
- Envoy Medical Corporation
- Pregna International
- Johari Digital Healthcare Limited
- Renalyx Health Systems
- Medprime Technologies
- Comofi Medtech
- Dynamed Equipments
- Aurolab
- Unicorn Denmart Limited
- Lepu Medical Technology Company
- Calon Cardio
- Better Medical Technology
- Beijing Aeonmed Co., Ltd
- BONSS MEDICAL
- Koninklijke Philips N.V.
- Berlin Heals Holding AG
- CorWave SA
- Philips Healthcare
- Draegerwerk AG
- Getinge Group
- Ceryx Medical
- MEDICO s.r.l.
- Medical-Łomża Sp. z o.o.
- Panop CZ
- Medplant LLC
- P.H.U. Medical
- ProVeterináře
- Johnson & Johnson
- Baxter
- Stryker
- Axio Biosolutions
- Cirtec Medical
- Masimo
- Teleflex Inc
- NAGL MedTech
- B Braun Argentina
- Braile Biomedica Ltd
- Megadyne Argentina
- Embramed Industria e Comercio de Produtos Hospitalares Ltd
- Arabian Medical Enterprises LLC
- Zahrawi Group
- Al Burak Medical Services
- Lodox Systems
- Glenmed Healthcare Solutions (PTY) Ltd
- Lepeke Medical Group
- LTE Medical Solutions
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | February 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 24.22 Billion |
| Forecasted Market Value ( USD | $ 37.02 Billion |
| Compound Annual Growth Rate | 11.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 55 |
