Growth Opportunities in the Global Automotive Infotainment Market
The future of the global automotive infotainment market looks promising with opportunities in thepassenger car and commercial vehicle. The global automotive infotainment market is expected toreach an estimated $56.7 billion by 2021.The global automotive infotainment market is forecast togrow at a CAGR of 8.4% from 2016 to 2021. The major drivers of growth for this market areincrease in the vehicle production, increasing awareness among consumers towards connectedcar offerings, and growing government concern on driver’s safety and security.
In this market, navigation, audio, instrument cluster, connectivity, display, accessories, andsoftware platforms and telematics are some of the major segments by product type. On the basisof its comprehensive research, Lucintel forecasts that the navigation and connectivity segmentsare expected to show above average growth during the forecast period.
Within the global automotive infotainment market, the display segment is expected to remain thelargest market. Availability of credit, increasing purchasing power of people in developing nations,and easy financing options are expected to drive vehicle sales, which would spur growth for thissegment over the forecast period.
For business expansion, Lucintel’s report suggests innovation and new product development toprovide high quality information and entertainment services in the vehicle. The report furthersuggests the development of partnerships with customers to create win-win situations anddevelopment of low-cost solutions for customers.
This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in thismarket. This report will save hundreds of hours of your own personal research time and willsignificantly benefit you in expanding your business in this market. In today’s challengingeconomy, you need every advantage that you can find.
Scope and Features of This Report:
To make critical business, investment, or strategic decisions, you need timely useful information.
This market report fulfills this core need and is an indispensable reference guide for materialsuppliers, product manufacturers, investors, executives, distributors, and more that operate in thismarket. Some of the features and scope of this report include the following:
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