New York, NY -- (SBWire) -- 09/12/2016 --Infotainment Equipment in Automotive Market: Overview
Infotainment equipment in automotive refers to the devices which provides information and entertainment which includes systems for connectivity, navigation, fuel efficiency, safety and audio systems. Previously the information provided was related to news and weather in the cars but currently due to telecommunications and electronics advancements there is an emergence of infotainment devices which even provide with safety, maintenance, and navigation in the vehicle. The automotive navigation systems are satellite based navigation systems which use GPS (global positioning system) in automobiles. These automotive navigation systems are advanced versions of the "dead reckoning instrumentation" system. The infotainment equipment in automotive includes managing and playing audio content, entertainment which includes games, movies and social networking, internet enabled content, accessing smart phone and navigation. Navigation system provides with the functions of distance, schematic pictograms, view of maps and functions for voice prompts. The increased acceptance of infotainment systems amongst the customers is due to the technological innovations such as the voice recognition control systems, audio and graphics interfaces like "easy to read" and other responsive interfaces. The infotainment equipment in automotive market is anticipated to witness a healthy CAGR in the forecast period.
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Infotainment Equipment in Automotive Market: Drivers and Restrains
The expanding automobile market and the inclusion of some basic infotainment systems in automobiles to provide a competitive edge for the automobile manufacturers such as audio, and other basic responsive interfaces are the key driving factors for the global infotainment equipment in automotive market. The awareness of vehicle users for safety, security, comfort and eco-friendliness is another major factor bolstering the growth of the global infotainment equipment in automotive market. The ease of accessibility to internet and local destinations while travelling or driving also helps to sustain the growth of the global infotainment equipment in automotive market.
However, some devices like the navigation system is only available in luxury cars as they are expensive and skilled operator is required to operate these devices of infotainment. These factors can hamper the growth of the global infotainment equipment in automotive market during the forecast period.
Infotainment Equipment in Automotive Market: Segmentation
On the basis of types of systems, the global infotainment equipment in automotive market can be segmented as follows:
Audio systems
Safety systems
Fuel efficiency systems
Navigation systems
Connectivity
Bluetooth
USB
On the basis of vehicle types, the global infotainment equipment in automotive market can be segmented as follows:
Passenger Vehicles
Commercial Vehicles
LCV'S
HCV'S
Other Vehicles
On the basis of market, the infotainment equipment in automotive market can be segmented as follows:
Aftermarket
Original Equipment Manufacturers (OEM)
Infotainment Equipment in Automotive Market: Regional Outlook
Geographically, the global infotainment equipment in automotive market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). Western Europe is the leading region in terms of volume in the global infotainment equipment in automotive market due to the established automotive & automobile industries in this region, especially in Germany. APEJ is the second major contributor in terms of volume to the global infotainment equipment in automotive market due to the presence of automobile giants such as Maruti Suzuki, Hero and other companies. General Motors, Ford are significantly contributing to the global automotive market. Having base in North America, the region is expected to be a considerably remarkable market in infotainment equipment in automotive. Japan is technologically advanced country in terms of automotive markets and hence, the technology of infotainment equipment in automotive is very common in this country. Latin America and MEA are at a nascent stage in the global infotainment equipment in automotive market but are anticipated to register moderate CAGRs during the forecast period.
Infotainment Equipment in Automotive Market: Key Players
Some of the key players in the global infotainment equipment in automotive market are as follows:
Pioneer Electronics
Panasonic Corporation
HARMAN International
DENSO CORPORATION
Continental AG
Alpine Electronics of America, Inc.
GENIVI® Alliance
Visteon Corporation
VOXX Electronics Corporation
Bose Corporation
Intel Corporation
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Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
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Infotainment Equipment in Automotive Market: Global Industry Analysis and Forecast 2016 - 2026
Infotainment equipment in automotive refers to the devices which provides information and entertainment which includes systems for connectivity, navigation, fuel efficiency, safety and audio systems.