The Latest Automotive Infotainment Industry Statistics Explained
The global automotive infotainment market size was valued at USD 17.90 Billion in 2020,
The statistic indicates that the worldwide market for automotive infotainment products, which include audiovisual and navigation systems in vehicles, reached a value of USD 17.90 billion in the year 2020. This suggests a significant demand for in-car entertainment and information solutions among consumers. The automotive infotainment market is driven by advancements in technology, increasing consumer expectations for connectivity and convenience while driving, and the growing integration of smart features in modern vehicles. The substantial market size highlights the importance of infotainment systems in the automotive industry and signifies a lucrative opportunity for companies operating in this sector.
It’s projected that the automotive infotainment market will reach USD 32.04 Billion by 2028,
The statistic “It’s projected that the automotive infotainment market will reach USD 32.04 Billion by 2028” indicates an anticipated growth in the market size for automotive infotainment systems by the year 2028. This projection suggests that there is a trend towards increasing demand and adoption of integrated multimedia, navigation, and connectivity systems in vehicles. The estimated market value of USD 32.04 billion implies significant economic opportunities and technological advancements in the automotive industry related to entertainment and information services in vehicles. This statistic serves as a crucial insight for industry stakeholders, policymakers, and investors to understand the potential growth trajectory and significance of automotive infotainment in the coming years.
The market is expected to grow at a CAGR of 8.4% from 2021 to 2028,
This statistic indicates that the market is projected to experience a Compound Annual Growth Rate (CAGR) of 8.4% from the year 2021 to 2028. CAGR is a measure used to evaluate the annual growth rate of an investment over a specific time period. In this context, the CAGR of 8.4% suggests that the market is anticipated to increase steadily at an average annual rate of 8.4% from 2021 to 2028. This growth rate provides insights into the expected performance of the market over the entire period, offering an indication of the overall growth trajectory and potential opportunities in the market in the coming years.
The Asia-Pacific market was worth USD 10.68 billion in 2020,
The statistic “The Asia-Pacific market was worth USD 10.68 billion in 2020” indicates the total value of economic activity within the Asia-Pacific region for the year 2020. This figure represents the combined value of all goods and services traded and consumed within the region during that time period. The size of the market is an important indicator of economic activity and can provide insights into the region’s overall wealth and growth potential. Tracking market values over time can also help identify trends in consumption patterns, investment opportunities, and the overall economic health of the region.
ThGerman supplier Robert Bosch GmbH led the global automotive infotainment market in terms of revenue in 2020,
The statistic indicates that in 2020, the German supplier Robert Bosch GmbH was the top performer in the global automotive infotainment market in terms of revenue. This means that Bosch generated the highest sales and income compared to other companies operating in the automotive infotainment sector worldwide during that year. The leading position of Bosch in the market suggests that their products and services were in high demand, their strategies were successful, and they effectively met the needs and preferences of customers. This statistic highlights Bosch’s strong market presence and competitiveness in the automotive infotainment industry.
The audio sector comprised 29.25% of the total market share in 2020,
This statistic indicates that the audio sector accounted for 29.25% of the total market share in the year 2020. This means that nearly a third of the market was dominated by products and services related to audio technology, such as headphones, speakers, sound systems, and streaming services. The high market share of the audio sector suggests strong consumer demand and interest in audio-related products, potentially driven by factors such as increased digital content consumption, advancements in technology, and changing consumer preferences. Companies operating within the audio sector may have experienced significant growth and competition within the market in 2020.
In 2017, more than 50% of drivers said that an integrated infotainment system was a very important factor in their new car purchase,
The statistic suggests that in the year 2017, a majority of drivers considered an integrated infotainment system to be a crucial factor influencing their decision to purchase a new car. The term “very important” indicates a high level of significance attached to this feature by over half of the drivers surveyed. This finding underscores the increasing importance of technology and connectivity features in the automotive industry, reflecting a shift towards consumer preferences for vehicles equipped with advanced entertainment and information systems. As such, automakers may prioritize the development and integration of such systems to cater to the evolving needs and preferences of their target market.
The automotive infotainment market in Europe is projected to grow at a remarkable rate during the forecast period from 2021 to 2026,
This statistic indicates that the automotive infotainment industry in Europe is expected to experience significant growth over the forthcoming years, specifically from 2021 to 2026. The term “remarkable rate” suggests a substantial and noteworthy increase in market size and demand for infotainment systems in vehicles. Factors contributing to this projection could include advancements in technology, increasing consumer demand for connectivity and entertainment features in vehicles, as well as regulatory requirements and industry trends favoring infotainment integration. This growth projection likely reflects a positive outlook for companies operating in the automotive infotainment sector in Europe, signaling potential opportunities for innovation, market expansion, and competitive advantage.
Apple CarPlay is available on over 600 car models,
The statistic that Apple CarPlay is available on over 600 car models indicates the widespread adoption and integration of this technology in the automotive industry. CarPlay, developed by Apple, allows users to connect their iPhones to the car’s infotainment system for a more seamless and convenient driving experience. The fact that it is supported by such a large number of car models highlights its popularity among consumers and car manufacturers alike. This statistic suggests that Apple CarPlay has become a standard feature or at least a desirable option in many modern vehicles, catering to the increasing demand for connectivity and smart features in cars.
Android Auto is compatible with cars from over 60 automotive manufacturers,
The statistic that Android Auto is compatible with cars from over 60 automotive manufacturers indicates the widespread adoption and integration of this technology across the automotive industry. This implies that a diverse range of car brands, spanning various price points and market segments, have recognized the value and demand for incorporating Android Auto into their vehicles. Such compatibility across a broad spectrum of manufacturers suggests that Android Auto has become a standard feature in many modern cars, providing drivers with seamless connectivity to their Android devices and access to a variety of apps and features while on the road.
The automotive infotainment market in passenger vehicles was worth USD 13.46 billion in 2020,
The statistic ‘The automotive infotainment market in passenger vehicles was worth USD 13.46 billion in 2020’ indicates the total value of sales of infotainment systems specifically for passenger vehicles within the automotive industry during the year 2020. This figure represents the amount of revenue generated from the sales of technologies such as multimedia displays, navigation systems, connectivity features, and entertainment systems installed in cars to provide information and entertainment to passengers. The high market value suggests a growing demand for advanced infotainment solutions in vehicles, driven by consumer preferences for connectivity, convenience, and entertainment while on the road. This statistic underscores the significant economic impact of infotainment systems within the automotive sector and highlights the potential for further growth and innovation in this market segment.
The commercial vehicle segment registered a market share of 23.8% in terms of automotive infotainment system sales in 2020,
The statistic indicates that among all automotive infotainment systems sold in 2020, the commercial vehicle segment accounted for 23.8% of the total market share. This means that nearly a quarter of all infotainment systems purchased for vehicles during that year were for commercial vehicles such as trucks, vans, or buses. This information is valuable for automakers, market analysts, and businesses involved in supplying infotainment systems as it highlights the significant presence and demand for such technology in the commercial vehicle sector. It suggests that manufacturers and suppliers should consider tailoring their products or marketing strategies to better cater to the specific needs and preferences of this segment to capitalize on this market opportunity.
Infotainment systems are expected to be standard in 70% of light vehicles produced worldwide by 2025,
This statistic suggests that infotainment systems are anticipated to become a standard feature in a significant majority (70%) of light vehicles manufactured globally by the year 2025. Infotainment systems typically provide a combination of informational and entertainment services such as navigation, music streaming, hands-free calling, and internet connectivity. The widespread adoption of infotainment systems in vehicles reflects the increasing demand for technology integration and convenience among consumers. This trend also signifies the automotive industry’s response to evolving consumer preferences and the emphasis on enhancing the overall driving experience with advanced technological features.
OEMs (Original Equipment Manufacturers) created about 70% of the infotainment hardware value in 2017,
The statistic states that in 2017, Original Equipment Manufacturers (OEMs) were responsible for producing approximately 70% of the total value of infotainment hardware. This indicates that the majority of infotainment hardware components, such as navigation systems, audio systems, and touchscreens, were manufactured by the OEMs themselves rather than by third-party suppliers. This statistic underscores the significant role that OEMs play in the infotainment industry, as they are the primary providers of key hardware components that enhance the overall functionality and user experience of vehicles. The high percentage also suggests that OEMs have a strong influence on the design, features, and quality of infotainment systems integrated into modern vehicles.
By 2024, car data could be a $450-$750 billion market, in part due to the use of infotainment systems for data collection,
The statistic that by 2024, the car data market could reach a value of $450-$750 billion indicates the potential for significant growth and monetization opportunities within the automotive industry. This projected market size is attributed to the increasing utilization of infotainment systems in vehicles for data collection purposes. Infotainment systems, integrated with advanced technology and connectivity features, enable the collection of valuable data on vehicle performance, driver behavior, preferences, and environmental conditions. This data can be leveraged by automakers, insurance companies, technology firms, and other stakeholders for various applications such as improving vehicle efficiency, enhancing user experience, developing personalized services, and advancing autonomous driving technologies. The forecasted market value underscores the transformative impact of data-driven innovations in the automotive sector and highlights the evolving landscape of mobility services and technologies.
The value of the North American automotive infotainment market stood at USD 7.02 Billion in 2020,
The statistic “The value of the North American automotive infotainment market stood at USD 7.02 Billion in 2020” indicates the total monetary worth of the automotive infotainment sector in North America during the year 2020. This figure represents the combined revenues generated from various components of automotive infotainment systems, such as in-car entertainment, navigation systems, communication technologies, and other connected services within the North American region. The market value of USD 7.02 billion reflects the significant size and economic importance of the automotive infotainment industry in North America, showcasing the strong demand and investments in advanced technologies and digital solutions for enhancing the driving experience and connectivity within vehicles.
The vehicle connectivity segment was estimated to grow at the highest CAGR of 14.70% during the forecast period 2021-2026,
The statistic indicates that the vehicle connectivity segment is expected to experience significant growth over the forecast period from 2021 to 2026, with a Compound Annual Growth Rate (CAGR) of 14.70%. This high CAGR suggests that there is substantial momentum and increasing demand for connectivity features in vehicles, such as in-car infotainment systems, navigation services, telematics, and vehicle-to-vehicle communication. Factors contributing to this strong growth may include advancements in technology, increasing consumer expectations for connected services in vehicles, and the broader trend towards smart and connected vehicles. Companies operating in this segment may experience greater opportunities for expansion and innovation as the market for vehicle connectivity continues to evolve and expand rapidly.
The market for infotainment systems for electric vehicles is expected to grow rapidly, at a CAGR of over 17%, during the forecast period 2021-2026,
This statistic indicates that the market for infotainment systems designed for electric vehicles is poised for significant growth in the coming years. The Compound Annual Growth Rate (CAGR) of over 17% suggests a strong growth trajectory for the industry between 2021 and 2026. This rapid expansion is likely driven by increasing consumer demand for advanced entertainment and connectivity features in electric vehicles, reflecting the broader trend of technological advancements in the automotive sector. The forecasted growth rate implies that companies operating in this market can expect substantial opportunities for business expansion and innovation during the specified time frame.
In China, car buyers spent an average of more than 2000 RMB on in-car infotainment technology in 2019,
The statistic “In China, car buyers spent an average of more than 2000 RMB on in-car infotainment technology in 2019” indicates that on average, car buyers in China allocated a significant portion of their budget towards purchasing in-car infotainment technology for their vehicles in 2019. This spending suggests a growing consumer demand for advanced technological features that enhance the driving experience, such as navigation systems, entertainment options, and connectivity tools. The average expenditure exceeding 2000 RMB highlights the importance placed by Chinese car buyers on having access to modern and convenient in-car entertainment and information systems, reflecting a trend towards increasing integration of technology in vehicles.
Conclusion
Based on the statistics presented in this blog post, it is evident that the automotive infotainment industry is experiencing significant growth and is poised for further expansion in the coming years. With technology advancements, changing consumer preferences, and increased demand for connected and interactive vehicle features, this industry offers vast opportunities for growth and innovation. Stay tuned to see how these trends continue to shape the future of automotive infotainment.
References
0. – https://www.ihsmarkit.com
1. – https://www.www.statista.com
2. – https://www.www.android.com
3. – https://www.www.mordorintelligence.com
4. – https://www.www.apple.com
5. – https://www.www.fortunebusinessinsights.com
