London, 05 June 2014: TechNavio, the independent tech-focused global research firm, has published a list of the Top 12 Automotive Infotainment Companies, to accompany its report on the Global Automotive Infotainment Market, which is posting a CAGR of 12.26 percent from 2013-2018.
According to TechNavio, the key benefits of infotainment systems, such as increased driver efficiency, improved routing and scheduling, and reduced operating costs, are leading to growth of the Global Automotive Infotainment market. In addition, continuous innovation in wireless communication services and technology has paved the way for the growth in sales of automotive infotainment products and services.
Key Market Drivers
- Increased Adoption in Compact and Mid-sized Cars
- Growing Popularity of Smartphones and Tablets
- Increase in Vendor Focus on Innovative Systems
- Proactive Government Initiatives
Key Market Trends
- High Growth Prospects in Emerging Markets
- Increase in Demand for Basic Voice Interface in Europe and North America
- Growing Focus on Displays, Headphones, and Rear Seat Entertainment
- Development of SIM Supportive In-dash Systems
“With the rapid advancements in mobile technology, application developers are focusing on developing applications for the automotive sector. There is a huge trends towards connectivity in cars, with drivers connecting smartphone to in-vehicle infotainment systems,” says Faisal Ghaus, Vice President of TechNavio.
“The automotive infotainment technology domain is continuously improving, with vendors and service providers continually innovating to increase the popularity of the technology.”
For the full list of top vendors in this market, view our blog post.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Automotive Infotainment Market please send an e-mail to media@TechNavio.com.
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