The Report Electric Vehicle (EV) Infotainment Market Analysis By System Type (Audio, Video,
Heads-Up, Navigation, Rear Seat Entertainment System), By Connectivity, By
End-user Type, By Application Type, And Segment Forecasts, 2018 - 2025
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.
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
·
Europe
·
Asia Pacific
·
Latin America
·
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.
