The global automotive infotainment system market is expected to reach USD 34.77 billion market size by 2025 as per a new research report published by Confianza Market Research & Consultancy. The growth can be attributed to increasing sales of passenger cars & light commercial vehicles in developing countries. Moreover, the growing demand for luxury cars is further boosting the market demand over the forecast period.
Asian Countries including India, China, Japan, and Indonesia have witnessed tremendous growth in mobility services such as ride-sharing, e-hailing services, etc. Most of the companies providing such services prefer fitting advanced infotainment systems in their fleet in order to offer better services to their customers. Thus, the mobility sector is playing a crucial roll in growing market demand.
The COVID-19 situation that started in early 2020, has significantly impacted the infotainment market growth, as most of the key players manufacturing these systems are from China, where the COVID-19 impact is the highest. The market is anticipated to recover at a moderate pace post-COVID-19 the situation, and the APAC region will play a crucial role in this market growth.
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Key research findings:
Market Segmentation
Confianza Research has segmented the global automotive infotainment system market on the basis of component, installation, vehicle, and region as follow
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Confianza Market Research & Consultancy is a global market intelligence services provider company based in Pune, India. It has a database of more than 3000 highly informative market research reports from 35+ different industries worldwide. Confianza monitors & timely updates data for 56+ countries and 5 regions worldwide. The company aims at providing reliable, affordable and accurate market research services to companies of all sizes ranging from fortune 500 companies to small start-ups. Confianza’s explanatory and insightful reports help companies to streamline & strategize their business activities in order to gain an edge over competitors.
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