Technavio, a tech-focused market research firm, has published a new report on the global commercial vehicle infotainment market, which is expected to grow at a CAGR of close to 13% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global commercial vehicle infotainment system market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
Click here to request a free sample of this report
Commercial vehicle infotainment market in the Americas: The US and Canada are the key revenue contributing countries in the commercial vehicle infotainment market in the Americas. The growth of the market in the Americas is driven by factors such as demand for the commercial vehicles and volume of on-road commercial vehicles and the subsequent demand for infotainment systems.
According to Siddharth Jaiswal, a lead analyst at Technavio, specializing in research on automotive electronics, “In developed countries such as the US and Canada, the number of on-road commercial vehicles creates a large market for infotainment, while in developing and underdeveloped countries, such as Brazil, the demand for infotainment systems is primarily linked with the demand for new commercial vehicles.”
Commercial vehicle infotainment market in EMEA: In EMEA, Europe accounted for the major share in comparison to the Middle East and Africa owing to the growing demand for fleet management solutions. Countries such as Germany, France, Italy, Spain, and the UK were the major contributors to the commercial vehicle infotainment system market in Europe. Furthermore, the improving economic conditions in these regions are anticipated to propel the demand for commercial vehicle infotainment systems in the region during the forecast period.
Commercial vehicle infotainment market in APAC: The commercial vehicle infotainment system market in APAC is still in a nascent stage due to lack of awareness, limited vendor offerings, and low adoption of premium CVs compared with their adoption in the western markets. China, Japan, and Australia account for a majority of the revenue generated by the sales of commercial vehicle infotainment systems in the APAC region. Industry analysts predict a surge in demand from emerging markets such as India, China, Thailand, and Indonesia over the next four years, which, in turn, will facilitate market growth.
The leading vendors operating in the global commercial vehicle infotainment systems market are:
- Alpine Electronics
- Continental
- Delphi
- Denso
- HARMAN International
- Panasonic
Other prominent vendors in the market include Airbiquity, Clarion, CSR, FUJITSU TEN, Garmin, Parrot Automotive, Bosch, TomTom International, and Visteon.
A more detailed analysis is available in the Technavio report titled, ‘Global Commercial Vehicle Infotainment Systems Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Automotive Motors Market 2017-2021
- Global Automotive Airbag Inflators Market 2017-2021
- Global Electric Vehicle Wiring Harness System Market 2017-2021
To read more press releases – click here
