Overall world revenue for In-Car Electronics and Communications Market, 2024 to 2034 in terms of value the market will surpass US$16,613.5 million in 2024, the work calculates. The publisher predicts strong revenue growth through to 2034. The work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
The In-Car Electronics and Communications Market Report 2024-2034: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
The momentum in autonomous vehicle (AV) development is fuelled by the rising demand for full autonomy, improved driver safety, and sustainable transportation solutions. Start-ups are playing a key role in this space, developing AVs with advanced technologies such as driver-assistance systems (ADAS), LiDAR, and computer vision. These technologies, supported by deep learning algorithms and neural networks, elevate decision-making processes critical for functions like steering and braking. Moreover, connectivity tools facilitate seamless communication not just between driverless vehicles but also with infrastructure, shaping the future of smart transportation.
Industry trends also highlight the impact of the internet of things (IoT) and extended reality (XR) in AV development. IoT and sensor advancements enable precise monitoring of surroundings and obstacles, while LiDAR sensors enhance automation capabilities by penetrating challenging weather conditions. Integration of AI algorithms and neural networks further enhances safety and traffic efficiency in autonomous driving scenarios. Additionally, blockchain adoption is gaining traction, bolstering vehicle tracking, payment security, and data management. The deployment of vehicle-to-everything (V2X) technology further augments navigation and road safety for AVs, although it necessitates robust cybersecurity measures to address potential threats posed by increased connectivity. For instance, in May 2023, Commsignia Ltd. and Mitsubishi Electric Corporation announced a strategic partnership to provide Vehicle-to-Everything (V2X) technology. This collaboration will integrate Commsignia's V2X solution with Mitsubishi Electric's High-Definition Locator (HDL) technology into a unified V2X platform.
Modern car electronics are intricate. Advanced driver-assistance systems (ADAS) rely on a network of sensors, cameras, and processors, each requiring research, development, and miniaturization for efficient integration. This complexity translates to higher component costs. Features like autonomous driving and connected car services necessitate sophisticated software. Developing, testing, and ensuring the security of such software is a resource-intensive process, further adding to the vehicle's price tag. Integrating these complex electronic systems with existing vehicle architecture is no easy feat. It requires specialized engineering expertise and robust testing to ensure seamless communication and functionality. This translates to additional development costs.
The In-Car Electronics and Communications Market Report 2024-2034: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
Growing Consumer Need for Enhanced Connectivity Features Inside Automobiles, Speedy Electronic Progress Triggers Advancements in Vehicle Capabilities, Autonomous Vehicle Development to Improve the Safety and Functionality Driving Market Growth
The in-car electronics and communications market is witnessing a surge in demand for advanced features as consumers increasingly expect seamless connectivity and convenience in their vehicles. This trend reflects a desire for integrated digital experiences while driving, leading to a growing need for improved in-car infotainment, communication, and navigation systems offering enhanced functionality and connectivity. Major players are capitalizing on this opportunity by focusing on a range of advanced in-vehicle-connected features, each catering to distinct consumer preferences and creating new revenue avenues.The momentum in autonomous vehicle (AV) development is fuelled by the rising demand for full autonomy, improved driver safety, and sustainable transportation solutions. Start-ups are playing a key role in this space, developing AVs with advanced technologies such as driver-assistance systems (ADAS), LiDAR, and computer vision. These technologies, supported by deep learning algorithms and neural networks, elevate decision-making processes critical for functions like steering and braking. Moreover, connectivity tools facilitate seamless communication not just between driverless vehicles but also with infrastructure, shaping the future of smart transportation.
Industry trends also highlight the impact of the internet of things (IoT) and extended reality (XR) in AV development. IoT and sensor advancements enable precise monitoring of surroundings and obstacles, while LiDAR sensors enhance automation capabilities by penetrating challenging weather conditions. Integration of AI algorithms and neural networks further enhances safety and traffic efficiency in autonomous driving scenarios. Additionally, blockchain adoption is gaining traction, bolstering vehicle tracking, payment security, and data management. The deployment of vehicle-to-everything (V2X) technology further augments navigation and road safety for AVs, although it necessitates robust cybersecurity measures to address potential threats posed by increased connectivity. For instance, in May 2023, Commsignia Ltd. and Mitsubishi Electric Corporation announced a strategic partnership to provide Vehicle-to-Everything (V2X) technology. This collaboration will integrate Commsignia's V2X solution with Mitsubishi Electric's High-Definition Locator (HDL) technology into a unified V2X platform.
The Integration of Advanced Electronics and Communication Systems Can Increase Vehicle Costs, The Impact of Infotainment Systems on Driving Experience to Hamper Industry Growth
The in-car electronics and communications market face a significant challenge due to the high costs linked with implementing advanced electronic systems and technologies in vehicles. The integration of such systems can notably elevate the overall cost of vehicles, encompassing expenses related to components, software development, testing, and integration. This heightened cost can render vehicles more expensive for consumers, potentially limiting their affordability and adoption, particularly in markets sensitive to pricing. Consequently, this obstacle impedes the overall growth potential of the market. For instance, in January 2023, U.S. consumers spent an average of US$46,437 on a new vehicle, reflecting a 4.2% year-over-year increase. This uptick in spending can be attributed to several factors, including growing demand for vehicles with advanced infotainment features and technologies (connected mobile apps/digital key, 360-degree cameras, blind-spot view monitors, AI, and remote shut down for cars), inflationary pressures, and supply chain disruptions impacting vehicle production.Modern car electronics are intricate. Advanced driver-assistance systems (ADAS) rely on a network of sensors, cameras, and processors, each requiring research, development, and miniaturization for efficient integration. This complexity translates to higher component costs. Features like autonomous driving and connected car services necessitate sophisticated software. Developing, testing, and ensuring the security of such software is a resource-intensive process, further adding to the vehicle's price tag. Integrating these complex electronic systems with existing vehicle architecture is no easy feat. It requires specialized engineering expertise and robust testing to ensure seamless communication and functionality. This translates to additional development costs.
Key Questions Answered
- How is the in-car electronics and communications market evolving?
- What is driving and restraining the in-car electronics and communications market?
- How will each in-car electronics and communications submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2034?
- How will the market shares for each in-car electronics and communications submarket develop from 2024 to 2034?
- What will be the main driver for the overall market from 2024 to 2034?
- Will leading in-car electronics and communications markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
- How will the market shares of the national markets change by 2034 and which geographical region will lead the market in 2034?
- Who are the leading players and what are their prospects over the forecast period?
- What are the in-car electronics and communications projects for these leading companies?
- How will the industry evolve during the period between 2024 and 2034? What are the implications of in-car electronics and communications projects taking place now and over the next 10 years?
- Is there a greater need for product commercialisation to further scale the in-car electronics and communications market?
- Where is the in-car electronics and communications market heading and how can you ensure you are at the forefront of the market?
- What are the best investment options for new product and service lines?
- What are the key prospects for moving companies into a new growth path and C-suite?
You need to discover how this will impact the in-car electronics and communications market today, and over the next 10 years:
- This 294-page report provides 105 tables and 161 charts/graphs exclusively to you.
- The report highlights key lucrative areas in the industry so you can target them - NOW.
- It contains in-depth analysis of global, regional and national sales and growth.
- It highlights for you the key successful trends, changes and revenue projections made by your competitors.
Forecasts to 2034 and other analyses reveal commercial prospects
- In addition to revenue forecasting to 2034, the new study provides you with recent results, growth rates, and market shares.
- You will find original analyses, with business outlooks and developments.
- Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising in-car electronics and communications prices and recent developments.
Segments Covered in the Report
System Type
- Infotainment Systems
- Navigation Systems
- Telematics Systems
- Audio Systems
- Connectivity Systems
- Other Systems
Sales Channel
- Original Equipment Manufacturer (OEM)
- Aftermarket
Vehicle Type
- Commercial Vehicle
- ICE Passenger Cars
- Hybrid Passenger Cars
- Electric Passenger Cars
- Others
North America
- U.S.
- Canada
Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
MEA
- GCC
- South Africa
- Rest of MEA
Leading companies profiled in the report
- ALPS ALPINE CO., LTD
- Bosch
- Clarion Co., Ltd.
- Continental AG
- Delphi Technologies
- Denso Corporation
- Garmin Ltd.
- Magneti Marelli
- Mitsubishi Electric Corporation
- Panasonic Corporation
- Pioneer Corporation
- Samsung Electronics Co., Ltd.
- Sony Corporation
- TomTom International BV
How will the In-Car Electronics and Communications Market, 2024 to 2034 report help you?
In summary, the 290+ page report provides you with the following knowledge:- Revenue forecasts to 2034 for In-Car Electronics and Communications Market, 2024 to 2034 Market, with forecasts for system type, sales channel, and vehicle type, each forecast at a global and regional level - discover the industry’s prospects, finding the most lucrative places for investments and revenues.
- Revenue forecasts to 2034 for five regional and 16 key national markets - See forecasts for the In-Car Electronics and Communications Market, 2024 to 2034 market in North America, Europe, Asia-Pacific, Latin America, and MEA. Also forecasted is the market in the US, Canada, Mexico, Brazil, Germany, France, Spain, Italy, China, India, Japan, and Australia among other prominent economies.
- Prospects for established firms and those seeking to enter the market - including company profiles for 14 of the major companies involved in the In-Car Electronics and Communications Market, 2024 to 2034.
Information found nowhere else
With this new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how this work could benefit your research, analyses, and decisions. This study is for everybody needing commercial analyses for the In-Car Electronics and Communications Market, 2024 to 2034, market-leading companies. You will find data, trends and predictions.Table of Contents
1 Report Overview
3 Market Overview
4 In-Car Electronics and Communications Market Analysis by System Type
5 In-Car Electronics and Communications Market Analysis by Sales Channel
6 In-Car Electronics and Communications Market Analysis by Vehicle Type
7 In-Car Electronics and Communications Market Analysis by Region
8 North America In-Car Electronics and Communications Market Analysis
9 Europe In-Car Electronics and Communications Market Analysis
10 Asia Pacific In-Car Electronics and Communications Market Analysis
11 Latin America In-Car Electronics and Communications Market Analysis
12 MEA In-Car Electronics and Communications Market Analysis
13 Company Profiles
14 Conclusion and Recommendations
List of Tables
List of Figures
Companies Mentioned
- ALPS ALPINE CO., LTD
- Bosch
- Clarion Co., Ltd.
- Continental AG
- Delphi Technologies
- Denso Corporation
- Garmin Ltd.
- Magneti Marelli
- Mitsubishi Electric Corporation
- Panasonic Corporation
- Pioneer Corporation
- Samsung Electronics Co., Ltd.
- Sony Corporation
- TomTom International BV
- Acura
- Al-Futtaim Automotive
- Apollo Global Management Inc.
- Apostera GmbH
- AUDI AG
- ATS ELGI
- BMW AG
- Cerence Inc.
- Dirac
- Dolby Laboratories, Inc.
- Elgi Equipment’s Limited
- Ford Motor Company
- Foretellix
- Google Cloud
- Harman International Industries, Inc.
- Heilongjiang Tianyouwei Electronics
- Hyundai Motor Company
- Intel Corporation
- Kia Corporation
- Mahindra & Mahindra Limited
- Mazda Motor Corporation's
- MediaTek Inc
- Mercedes-Benz
- Mobileye Global Inc
- Nuro Inc.
- Nvidia Corporation
- Limited
- Qualcomm Incorporated
- Radioplayer
- Groupe Renault
- Stellantis
- STMicroelectronics
- Tata Motors
- Teledyne FLIR
- Valeo
- Verizon Communications Inc.
- Volkswagen AG
- VTEQ
- Wistron Corporation
- Yanfeng Visteon Automotive Electronics Co. Ltd.
- ZYNC
- American Automobile Association (AAA)
- Association of Global Automakers (AAI)
- Austrian Vehicle Industry Association (FFO)
- Automobile Manufacturers Association of Spain (ANFAC)
- Automotive Industries Association of Canada (AIA Canada)
- Automotive Parts Manufacturers’ Association (ACMA)
- Belgian Federation of Automobile and Motorcycle Industries (FEBIAC)
- Canadian Vehicle Manufacturers’ Association (CVMA)
- China Association of Automobile Manufacturers (CAAM)
- Dubai’s Roads and Transport Authority (RTA)
- German Association of the Automotive Industry (VDA)
- Global Automakers of Canada (GAC)
- Kanata North Business Association (KNBA)
- Society of Indian Automobile Manufacturers (SIAM)
- Union Internationale des Transports Publics (UITP)