Electric Vehicle Infotainment Market by Connectivity Types (Wireless, Bluetooth, Wired Connectivity, and Cellular), End-users (Commercial Vehicles and Passenger Cars), System Types (Navigation System, Multimedia System, Rear Seat Entertainment System, Heads-up System, and Driver Safety & Communication Safety), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031

Report ID: 3044
Rating: 4.7
Author: Growth Market Reports
Reviews: 61
No. Of Pages: 194
Format: PDF,XLSX,PPTX

Electric Vehicle Infotainment Market Outlook 2031:

The global electric vehicle infotainment market size was valued at USD 14.70 Billion in 2022 and is projected to reach USD 39.47 Billion by 2031, expanding at a CAGR of 11.6% during the forecast period 2023 - 2031. The growth of the market is attributed to the awareness among people about safer driving and need of location detection functions in case of emergency.

Electric vehicle (EV) infotainment system consists a combination of information and entertainment services. Infotainment system in electric vehicles offer various functions, such as control visual/audio entertainment material, provide navigation while driving, and connecting with smartphone for hands-free audio command. Typical infotainment system consists of components, including screen unit, head unit, control units, and operating controls.

The COVID-19 pandemic outbreak had a negative impact on the market. During the pandemic, the lockdown imposed by government bodies resulted in worldwide closure of automotive sector, which affected the demand of infotainment system. The market is expected to recover soon with an uptrend operation due to subsiding the COVID cases gradually across the globe.

Electric Vehicle Infotainment Market Trends, Drivers, Restraints, and Opportunities

  • Growing trend of in-car infotainment system across the globe is one of the key factors driving the electric vehicle infotainment market growth.
  • Increasing availability of digital assistants, such as screens and sensors is projected to boost the market during the forecast period.
  • High cost of both electric vehicle and infotainment system acts as a major challenge that can restrict the electric vehicle infotainment market growth in the coming years.
  • Rising concerns about power and fuel consumption by infotainment system is expected to hamper the market growth during the projected timeline.
  • Integrating Internet of Things technology with infotainment system for greater end-to-end connectivity is anticipated to create significant growth opportunities for the electric vehicle infotainment market.

Scope of Electric Vehicle Infotainment Market Report

The report on the global electric vehicle infotainment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Electric Vehicle Infotainment Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022  

Historic Data

2016 – 2021

Forecast Period

2023 – 2031

Segmentation

Connectivity Types (Wireless, Bluetooth, Wired Connectivity, and Cellular), End-users (Commercial Vehicles and Passenger Cars), and System Types (Navigation System, Multimedia System, Rear Seat Entertainment System, Heads-up System, and Driver Safety & Communication Safety)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Aisin Seiki Corp.; Harman International Industries, Inc.; Continental AG; and Panasonic Corp.

Electric Vehicle Infotainment Market Segment Insights

Fast connectivity drive the wireless segment

In terms of connectivity types, the market is divided into wireless, Bluetooth, wired connectivity, and cellular. The wireless segment is expected to grow at a rapid pace during the forecast period due to faster, reliable, and high speed of data transfer.

Additionally, the segment growth is further accelerated as the wireless segment offers uninterrupted connectivity while driving, which improves the user experience.
However, the cellular segment is anticipated to expand at a substantial CAGR in the coming years owing to increasing trend of smartphone connectivity to infotainment system for accessing the features on smartphone.

Passenger cars segment to expand at robust growth rate

Based on end-users, the global electric vehicle infotainment market is bifurcated into commercial vehicles and passenger cars. The passenger cars segment is estimated to expand at robust growth rate during the forecast period due to increasing investment by governments for adoption of passenger EVs with infotainment system for safety of passengers.

On the other hand, the commercial vehicles segment is projected to expand at a considerable CAGR during the forecast period attributed to the need of infotainments system in commercial EV for location detection services, navigation, and communication-based service.

Heads-up segment is projected to expand at high growth rate

On the basis of system types, the market is fragmented into navigation system, multimedia system, rear seat entertainment system, heads-up system, and driver safety & communication safety. The heads-up segment is projected to expand at high growth rate in the projected timeline attributed to the benefits it provides, such as displaying vehicle-related information, alert about vehicle speed, and fuel level.

Furthermore, heads-up system provides rare vision of the road for safer driving experience, which is a major driver of the segment.
On the other hand, the rear seat entertainment segment is anticipated to register a substantial CAGR during the forecast period due to increasing adoption, low cost, and better communication infrastructure.

Asia Pacific is to constitute a key market share

In terms of region, the global electric vehicle infotainment market share is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to constitute a key share of the market during the projected period owing to presence of key global plyers, availability of workforce, good economic condition, and innovation of newer technology in the region.

However, the Latin America market is anticipated to grow at a rapid pace during the forecast period due to the reduced data prices, emergence of 5G network, and high demand of EV infotainment in the region.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Vehicle Infotainment Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Electric Vehicle Infotainment Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Electric Vehicle Infotainment Market - Supply Chain
  4.5. Global Electric Vehicle Infotainment Market Forecast
     4.5.1. Electric Vehicle Infotainment Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Electric Vehicle Infotainment Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Electric Vehicle Infotainment Market Absolute $ Opportunity
5. Global Electric Vehicle Infotainment Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Electric Vehicle Infotainment Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Electric Vehicle Infotainment Demand Share Forecast, 2019-2026
6. North America Electric Vehicle Infotainment Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Electric Vehicle Infotainment Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Electric Vehicle Infotainment Demand Share Forecast, 2019-2026
7. Latin America Electric Vehicle Infotainment Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Electric Vehicle Infotainment Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Electric Vehicle Infotainment Demand Share Forecast, 2019-2026
8. Europe Electric Vehicle Infotainment Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Electric Vehicle Infotainment Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Electric Vehicle Infotainment Demand Share Forecast, 2019-2026
9. Asia Pacific Electric Vehicle Infotainment Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Electric Vehicle Infotainment Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Electric Vehicle Infotainment Demand Share Forecast, 2019-2026
10. Middle East & Africa Electric Vehicle Infotainment Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Electric Vehicle Infotainment Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Electric Vehicle Infotainment Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Electric Vehicle Infotainment Market: Market Share Analysis
  11.2. Electric Vehicle Infotainment Distributors and Customers
  11.3. Electric Vehicle Infotainment Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Aisin Seiki Corp.
     11.4.2. Harman International Industries, Inc.
     11.4.3. Continental AG
     11.4.4. Panasonic Corp.
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