“Auto Infotainment Market: Global Industry Analysis and Forecast, 2016 – 2024”,
New York, NY -- (SBWIRE) -- 11/07/2017 -- The global auto infotainment market is segmented on the basis of System Type (Entertainment System, Connectivity System, Driver Assistance System); Vehicle Type (Passenger Cars, Light Commercial Vehicle, High Commercial Vehicle); Sales Channel (OEM, Aftermarket); and Region (North America, Latin America, APAC, Europe, and Middle East & Africa). The Connectivity System type segment is anticipated to register a value CAGR of 7.0% between 2016 and 2024.
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This segment is expected to account for 9.9% share of the global auto infotainment market in terms of value by the end of 2024. The Driver Assistance System is expected to account for over 23% of the total market value of the global auto infotainment market by the end of 2016 and register a value CAGR of 6.2% over the forecast period. The Passenger Cars vehicle type segment is anticipated to register a higher CAGR as compared to the Light Commercial Vehicle segment. The Aftermarket sales channel segment is estimated to account for 19.0% value share by the end of 2024.
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Among regions, APAC is expected to account for the highest share of the global auto infotainment market over the forecast period, owing to increased consumer spending on auto infotainment systems in the region. The APAC market is estimated to account for a revenue share of 26.5% of the global auto infotainment market by 2016 end, registering a Y-o-Y growth of 4.8% over 2015.
The North America auto infotainment market is expected to exhibit higher market attractiveness over the forecast period in comparison to other regional markets owing to the presence of a large number of automobile manufacturers in the region. The Middle East & Africa market is estimated to account for a market value share of 16.5% of the global auto infotainment market by the end of 2016.
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