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Global Commercial Vehicle Infotainment System Market to Grow at a CAGR of 12.64% During the Period 2017 - 2021; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Commercial Vehicle Infotainment System Market 2017 - 2021” research report to their website


Lewes, DE -- (SBWIRE) -- 04/24/2017 -- Report forecast the global commercial vehicle infotainment system market to grow at a CAGR of 12.64% during the period 2017-2021.

Commercial vehicle infotainment systems allow the driver to control audio or video sources as per his preferences from his position. Along with entertainment, these systems also provide information regarding the vehicle, navigation, and connectivity. The global automotive industry is highly competitive. Due to the nature of competition, product life cycle, and consumer demand, the global automotive industry goes through dynamic growth phases. Currently, the industry is characterized by companies relocating their production centers from developed to developing regions. During the 2008-2009 global financial crisis, the industry experienced a considerable decline in demand. However, the markets have stabilized now, which is primarily due to the relative economic stability in developed nations. The exhibit below depicts the GDP performance of top economies.

The report covers the present scenario and the growth prospects of the global commercial vehicle infotainment system market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- Americas

According to the report, one driver in market is automotive OEM push for embedded connectivity in BRIC nations to drive revenue growth. Embedded connectivity market is dominated by developed countries like Europe and the US. The main advantage of embedded connectivity is the reliability of its data due to its 24x7 connected environment. The same is not true for tethered and smartphone integration solutions where the connectivity of the device depends on the user. As a result, regulatory bodies will pass legislations in future to encourage installation of embedded telematics, which will lead to increased adoption of embedded telematics in the industry. The automotive telematics and infotainment markets are expanding at a fast pace in the emerging markets, especially in BRIC countries. With the rising interest in navigation and infotainment services among consumers, OEMs in collaboration with automotive connectivity solution providers are planning to introduce new products and services to seize opportunities in the BRIC countries effectively.

Further, the report states that one challenge in market is higher cost associated with fleet tracking. Initial costs when setting up telematics include license fee, setup and installation fee, and payment for customization and integration with the current systems. The license has to be renewed periodically, which adds to the overall cost. In addition, integration or customization can be more expensive than the price of telematics devices and license fee. For instance, UK's Tracker has a base rate of $381 for its Tracker Fleet offering, with a monthly fee of $18.69 for a one-year subscription. Hidden costs can also pose a challenge to the growth of the market as well. Providers levy roaming charges for vehicles that travel beyond a country's borders. Companies also charge as per situations involving vehicle replacement and end-contractual equipment termination.

Global Commercial Vehicle Infotainment System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global commercial vehicle infotainment system market: Alpine Electronics, Continental, Delphi, Denso, HARMAN International, and Panasonic.

Other Prominent Vendors in the market are: Airbiquity, Clarion, CSR, FUJITSU TEN, Garmin, Parrot Automotive, Bosch, TomTom International, and Visteon.

Market driver
- Provision for smartphone integration with the in-vehicle infotainment system.
- For a full, detailed list, view our report

Market challenge
- Escalating customer expectations is increasing complexity.
- For a full, detailed list, view our report

Market trend
- Growing popularity of open-source platform in automotive infotainment.
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages and 65 Exhibits "Global Commercial Vehicle Infotainment System Market 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by vehicle type, Market segmentation by end-user, Market segmentation by geography, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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