South Korea In-Car infotainment Market Overview:
The industry for South
Korea In-Car infotainment Market Share is
expected to increase at a compound annual growth rate (CAGR) of 7.00% between
2023 and 2032, from USD 8.025 billion in 2023 to USD 13.78844409 billion by
2032.
The reason backed with this estimation is because
of an immense increase in the driver's concern towards the driving. In order to
maintain the safety there's a proper navigation system in the car. Infotainment
systems also secured the safety of the vehicle by providing real-time
footage of the environment, which helps to guide in parking where visuals are
displayed on the LCD screen.
This system provides a virtual personal assistant
with active audio commands to the drivers. Here, the drivers can connect one
vehicle to the other vehicle through an internet connection that will ensure
safety. Another interesting part of this system is, it is a source of
entertainment to the passengers in the form of music & videos.
Considering the period of Covid-19, the automobile
industry of the European automobile manufacturers had been badly
impacted.
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Sample Report of Automotive
infotainment Market
The key players in the global automotive
infotainment market include:
·
Continental AG
·
Robert Bosch GmbH
·
Denso Corporation
·
Panasonic Corporation
·
Alpine Electronics,
Inc.
·
Harman International
Industries, Inc.
·
Pioneer Corporation
·
Clarion Co., Ltd.
·
JVC Kenwood
Corporation
·
Fujitsu Ten Limited
·
Visteon Corporation
Regional analysis
The regions or South Korea In-Car
infotainment Market Share, are North America, Europe,
Asia-Pacific, and the rest of the world. The maximum amount of market share in
this market is expected to be in Europe. This could be seen because of an
increase in the demand for in-car infotainment in the automobile industry of
Europe. The reason behind the increase in the demand is because the European
Union has made telematics control mandatory in automobiles mainly in passenger
cars.
North America is expected to register for
the automotive infotainment system market, because key players like Ford motors
are collaborating with big players such as Amazon to make new developments in
the infotainment systems.
In addition to this, Asia-Pacific too would be
rising, which can be stated by looking at an increase in the demand for luxury
cars.
Market Segmentation
The South Korea In-Car infotainment Market Share
has been segmented into 4 segments. They are based on component, vehicle type,
connectivity & installation. These segments had been further
Segmented into sub-segments.
Based on component, it is segmented into hardware
& software, On the basis of vehicle type, it is divided as Passenger
Cars, Light Commercial Vehicles & Heavy Commercial Vehicles. Based on the
connectivity, it is splitted as V2 V, miMobile & voice control.
Furthermore, by distribution based on installation, it is divided into Oem
& Aftermarket.
The name of the countries prominent players of
this market are as follows Volkswagen Group (Germany),Ford Motor (US), General
Motors Company (US), Harman International Industries (US), Denso Corporation
(Japan), Fujitsu Ten Limited (Japan), Visteon Corporation (U.S.), Panasonic
Corporation (Japan), BMW (Germany), Delphi Automotive (UK), Apple Inc (US).
Key Players
·
Dominant Players by
Country: Germany, US, Japan, and UK.
·
Major Key Players by
Dominance:
1.
US (Most prominent key
players)
2.
Japan
3.
Germany
4.
UK
The market is driven by a number of factors,
including:
·
Increasing demand for
passenger and commercial vehicles
·
Rising disposable
incomes
·
Growing adoption of
advanced infotainment systems
·
Increasing popularity
of connected vehicles
·
Government regulations
mandating certain infotainment features
What Is Infotainment System In-Car?
An in-car infotainment system is a central digital system that allows you to control a
wide variety of vehicle functions. These systems typically include a
touchscreen or display screen that allows you to interact with the system.
Infotainment systems can include a variety of
features, such as:
·
Navigation: Infotainment
systems can provide turn-by-turn navigation guidance.
·
Audio
entertainment: Infotainment systems can play audio from a variety of
sources, such as AM/FM radio, CDs, MP3s, and Bluetooth-connected devices.
·
Video entertainment: Some
infotainment systems can play videos from a variety of sources, such as DVDs,
USB drives, and streaming services.
·
Climate
control: Infotainment systems can be used to control the vehicle's climate
control system, such as the air conditioner and heater.
·
Vehicle
settings: Infotainment systems can be used to adjust various vehicle
settings, such as the clock, language, and driver assistance features.
Here are some of the benefits of having an
infotainment system in your car:
·
Convenience: Infotainment
systems provide a convenient way to control a variety of vehicle functions. You
can control everything from the navigation system to the audio system to the
climate control system from a single touchscreen or display screen.
·
Safety: Infotainment
systems can help to improve safety by providing hands-free control of many
vehicle functions. This means that you can keep your eyes on the road and your
hands on the wheel while using the infotainment system.
·
Entertainment: Infotainment
systems can provide entertainment for both the driver and passengers. You can
listen to music, watch videos, or play games on the infotainment system.
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