Automotive Rear Seat Infotainment Market Overview:
The automotive rear seat
infotainment market size is predicted to
grow at a 12.5% CAGR in the forecast period (2023- 2032), as per the latest
Market Research Future (MRFR) report.
The Automotive Rear Seat Infotainment Market has witnessed a remarkable
surge in demand as the automotive industry continues to prioritize in-car
entertainment and connectivity. This specialized segment focuses on delivering
entertainment and information services to rear-seat passengers, transforming
traditional back seats into interactive and engaging spaces. Manufacturers are
incorporating advanced technologies such as touchscreens, streaming
capabilities, and connectivity options to provide rear-seat occupants with a
personalized and immersive entertainment experience.
As consumers increasingly seek enhanced
in-car comfort and entertainment, the Automotive Rear Seat Infotainment Market
has become a key differentiator for automakers. Families and long-distance
travelers, in particular, appreciate the convenience of rear-seat entertainment
systems, which often include features like video playback, gaming options, and
wireless connectivity. The market's growth is also fueled by the rising trend
of connected vehicles, where rear-seat infotainment seamlessly integrates with
other in-car systems, creating a holistic and enjoyable driving experience. As
this market continues to evolve, we can anticipate further innovations,
potentially integrating augmented reality and artificial intelligence, to
redefine the standards of rear-seat entertainment in the automotive industry.
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Automotive Rear Seat Infotainment Market
Key Players
Eminent players profiled in the global automotive rear
seat infotainment industry report include Pioneer Electronics (US), Alpine
Electronics, Inc. (Japan), Delphi Automotive PLC (UK), Continental AG
(Germany), Harman International (US), Panasonic Corporation (Japan), Denso
Corporation (Japan), Garmin Ltd (Switzerland),
KENWOOD Corporation (Japan), VOXX
Electronics Corp. (US), and Visteon Corporation (US).
The automotive rear seat infotainment market
is fragmented and also competitive for the presence of different international
& domestic key players. These players have incorporated innovative
strategies to remain at the vanguard and also suffice the burgeoning demand of
the customers including collaborations, contracts, partnerships, joint
ventures, geographic expansions, & new product launches, and more.
Drivers
Rapid Innovations in Automobile Industry to Boost Market
Growth
The rapid innovations in automobile industry
in propulsion technology, engine structure electrification, infotainment
systems, and protection devices will boost the global automotive rear seat
infotainment market value over the forecast period.
Opportunities
Development in Industry 4.0 Infrastructure to offer Robust
Opportunities
The development in industry 4.0
infrastructure will offer robust opportunities for the automotive rear seat
infotainment market in the forecast period.
Other factors adding to the automotive rear
seat infotainment market growth include increasing demand for infotainment
systems in automobiles, rise of autonomous vehicles, increased consumer focus
on connected and hybrid cars, growing preference towards premium features in
passenger cars, the rising disposable income of the people, and increasing
demand and sales of vehicles.
Regional Analysis
North America to Lead Automotive Rear Seat Infotainment
Market
North America will lead this market in the
forecast period. Rising need for passenger cars, increase in R&D by
automotive rear-seat entertainment manufacturers, the US being the leading
producers of industrial parts and automotive, the semiconductor companies in
the United States are focusing on developing advanced automotive infotainment
system & catering to the automotive aftermarket across the globe, the
rising need for passenger vehicle, and the increasing number of research and
development activities are adding to the global automotive rear seat infotainment
market growth in the region.
Restraints
Design Complexity to act as Market Restraint
The design complexity of automotive rear seat
infotainments may act as market restraints over the forecast period.
Challenges
Data Security Issues to act as Market Challenge
Data security issues will act as a market
challenge over the forecast period.
COVID-19 Analysis
The global automotive rear seat infotainment
market has been immensely affected by the COVID-19 outbreak. Supply chain disruptions, economic situations, fluctuations in demand
share, as well as long-term & immediate effect of the COVID-19 pandemic
possessed a negative effect on the market growth. The pandemic has slowed down
economic activity and pushed the economy into a steep recession. With the roots
being in China, the supply chains in the world are facing shutdown and
unprecedented disruption. The COVID-19 outbreak has impacted the overall
economy and the society. The impact of the crisis is going up daily and is
impacting the supply chain. The crisis is making uncertainty in the stock
market, immense slowing of the supply chain, decreasing business confidence,
and growing panic among customers.
Owing to lockdown
across the globe, there has been a fall in the demand for automobile and auto
parts thus impacting the market. After the virus emerged, the sale of cars
declined by about 80%. The sector has cancelled top events like the Geneva
Motor Show for the fear of transmitting the infection. The manufacturing sector
of China contracted owing to the outbreak of the COVID-19. In the European
Union, the automotive industry is likely to observe a decline owing to
reduction in spare parts and automobile exports from China. This affected the
global automotive rear seat infotainment market share in the
market.
Automotive Rear Seat Infotainment Market Segmentation
·
The automotive rear seat infotainment market is bifurcated based
on operating system, technology types, and end user.
·
By operating system, the QNX segment will lead the market over
the forecast period.
·
By technology, the multimedia player segment will dominate the
market over the forecast period.
·
By end user, the OEM segment will spearhead the market over the
forecast period for the increasing demand for automotive entertainment units
with better quality, warranty, high lifespan, and the surging need for company
fitted products.
Europe to Have Admirable Growth in Automotive Rear Seat
Infotainment Market
Europe will have admirable growth over the forecast period.
Growing research and development by key players, the presence of major market
players in France and Germany, the growing investments in the development of
connected and autonomous vehicles, and the increase in government regulations towards
safety are adding to the global automotive rear seat infotainment market growth
in the region.
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