2012-09-18 16:19:25 -
Automotive infotainment market to expand by 3% in 2012
The automotive infotainment market has been forecast to increase at a compound annual growth rate (CAGR) of 5.39% through to 2015, and is set to reach a value of $14.4 billion by 2016.Following expansions in 2010 and 2011, the global market for automotive infotainment systems is set to expand by another 3% in 2012.Key factors contributing to growth within the automotive infotainment market include the increasing awareness of consumers regarding the latest technology, and the increase in competition which is forcing the reduction in cost.Furthermore, the increase in passenger vehicle production and sales globally is a key factor that drives the automotive infotainment market. With the automotive infotainment market being solely dependent on the ownership of automobiles, car sales act
as the key factor contributing to growth within the industry.Car infotainment revenue in 2011 rose on the strength of an 11% expansion last year in global automotive production to 76.5 million units, with production increases occurring in North America, China and the collective region embracing Europe, the Middle East and Africa known as EMEA. The only area where car production fell was in Japan, the site of the earthquake-tsunami disaster in March 2011.However, one problem that could pose a threat to growth within the automotive infotainment market is the increasing adoption of GPS-enabled mobile phones which more and more consumers are deciding to purchase.Individual products like radio, DVD players, display screens, navigation systems are being used by car users. However, automotive infotainment systems have offered a new option to the user of using all the products in the same system.Automotive Infotainment systems offer both entertainment and information services. Such a system replaces multiple products and offers an enhanced user experience to the customer. Better user experience, better connectivity, more options of entertainment are the major features of the automotive infotainment market.Key players dominating the automotive infotainment market include Alpine Electronics Inc., Continental AG, Delphi Automotive plc, Denso Corp., Panasonic Corp., and Pioneer Corp.For more information on the automotive infotainment market, see the latest research: Automotive Infotainment Market ReportFollow us on Twitter @CandMResearch
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