San Francisco, 27
September 2018: The global electric
vehicle (EV) infotainment market is expected to reach USD 225.0 billion by 2025,
according to a new report by Grand View Research, Inc. Increasing demand for
in-car infotainment systems has been a major factor driving market growth. In
addition, increasing adoption of small and medium sized EV has led to the
increased utilization of infotainment systems.
EV multimedia systems accounted for maximum
revenue generation in 2016. Also, there is an increased demand for EV
infotainment with heads-up and rear seat entertainment. Increasing demand for
head-up and rear seat entertainment in electric vehicles is anticipated to
drive the overall market. High installation and maintenance cost for the rear
seat entertainment system has led to slower market adoption, however, these
systems are projected to witness a high growth over the next eight years.
Heads-up display is fastest growing technology,
mainly due to advantages such real-time projection of data on wind shield,
reduced driver distraction and low cost. The multimedia system market is
projected to decline over the forecast period. This can be attributed to
increasing penetration of smartphones. Driver information and communication
system market is anticipated to grow at moderate rate over the forecast period,
the market accounted for more than 20% market share in 2016.
EV infotainment with wireless connectivity
accounted for over 38% market share in 2016, largely driven by its wide scope
of application in passenger electric vehicle. The demand for EV infotainment
systems with cellular connectivity is anticipated to grow at a CAGR of 69.7%
from 2017 to 2025. The EV infotainment system with wired connectivity category
will witness a slow growth over forecast period mainly due to changing
preference of customers from wired to wireless connectivity.
The infotainment system market for
passenger EV is expected to slow down owing to increasing demand for heavy duty
commercial EV. Commercial EV infotainment is anticipated to grow at fastest
growth rate of over 71.0% by 2025.
Access
Research Report of Electric Vehicles
Infotainment Market @ www.grandviewresearch.com/industry-analysis/electric-vehicle-ev-infotainment-market
Further key findings from the report suggest:
· The global EV infotainment demand exceeded
USD 2.4 Billion in 2016 and is expected to grow at a CAGR of 69.0% from 2017 to
2025
· Rear seat entertainment and heads up
display system emerged as most prominent systems for EV infotainment in 2016
and are anticipated to grow exponentially over the forecast period.
· The Latin America region is projected to
witness substantial growth over the next decade owing to various technological
developments, especially in the automotive industry. The regional market is
expected to grow at a CAGR of 77.8% from 2017 to 2025.
· The key players in the EV infotainment
market include Continental AG, Aisin Seiki Co., Ltd., Panasonic Corporation and
Harman International Industries Inc.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the EV
infotainment Market on the basis of system type, connectivity type, end-user
and region:
System Type Outlook (Revenue, USD Million,
2015 - 2025)
·
Multimedia System
·
Heads-Up System
·
Navigation System
·
Driver information and communication system
·
Rear Seat Entertainment System
Connectivity Type Outlook (Revenue, USD
Million, 2015 - 2025)
·
Bluetooth
·
Cellular
·
Wireless
·
Wired Connectivity
End User Outlook (Revenue, USD Million,
2015 - 2025)
·
Passenger Cars
·
Commercial Vehicles
Regional Outlook (Revenue, USD Million,
2015 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
United Kingdom
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
Access Press Release of
Electric Vehicles Infotainment Market@ www.grandviewresearch.com/press-release/global-electric-vehicle-ev-infotainment-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions,
we offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and
healthcare.
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