Overview and Scope
Electric vehicle infotainment refers to the integrated entertainment, information, and communication system within electric vehicles to offer entertainment and convenience features while also providing essential information and controls relevant to the vehicle's operation. These systems frequently include energy management tools and efficiency displays designed specifically for electric vehicle use, assisting drivers in optimizing their EV (electric vehicle) usage and range.
Sizing and Forecast
The electric vehicle infotainment market size has grown exponentially in recent years. It will grow from $1.62 billion in 2023 to $2.22 billion in 2024 at a compound annual growth rate (CAGR) of 36.4%. The growth in the historic period can be attributed to increased screen size, increasing usage of wireless connectivity, urbanization, safety regulations.
The electric vehicle infotainment market size is expected to see exponential growth in the next few years. It will grow to $6.92 billion in 2028 at a compound annual growth rate (CAGR) of 32.9%. The growth in the forecast period can be attributed to content streaming, head-up displays, augmented reality, ecosystem expansion, in-car health and wellness, autonomous driving. Major trends in the forecast period include integrated charging infrastructure, battery swapping stations, smart charging solutions, wireless charging technology, ultra-fast charging stations.
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Segmentation & Regional Insights
The electric vehicle infotainment market covered in this report is segmented –
1) By System Type: Multimedia, Heads-up Display, Navigation Unit, Communication Unit, Rear Seat Entertainment
2) By Connectivity Type: Bluetooth, Cellular, Wireless, Wired Connectivity
3) By End-Use: Battery Electric Vehicle, Hybrid Electric Vehicle
Europe was the largest region in the electric vehicle infotainment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electric vehicle infotainment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing consumer adoption of passenger and commercial electric vehicles is expected to propel the growth of the electric vehicle infotainment market going forward. Passenger and commercial electric vehicles refer to a diverse range of electrically powered automobiles designed for either personal transportation or commercial purposes. Consumers are adopting passenger and commercial EVs due to continued expansion of charging infrastructure, decreasing battery costs, and inclination towards sustainable mode of transportation. Electric vehicle infotainment systems enhance passenger comfort and driver productivity, offering entertainment, connectivity, and navigation features crucial for the overall user experience in both passenger and commercial electric vehicles. For instance, in July 2023, according to the Internal Energy Agency, a France-based autonomous intergovernmental organization, over 2.3 million electric cars were sold in the first quarter of that year, a 25% increase from the same period last year. By the end of 2023, EV sales are expected to reach 14 million, representing a 35% year-on-year increase. Therefore, the increasing consumer adoption of passenger and commercial electric vehicles is driving the growth of the electric vehicle infotainment market.
Key Industry Players
Major companies operating in the electric vehicle infotainment market are Ford Motor Company, General Motors, Tesla Inc., Audi AG, Panasonic Holdings Corporation, Denso Corporation, Continental AG, Hyundai Kefico, Aisin Corporation, Toshiba Corporation, Pioneer Corporation, Toyota Industries Corporation, Valeo SA, Infineon Technologies AG, Renesas Electronics, HARMAN International, Microchip Technology, Garmin Ltd., JVCKENWOOD Corporation, Clarion Technologies, ALPINE ELECTRONICS Inc., Airbiquity Inc., Hangzhou Tiecheng Information Technology
The electric vehicle infotainment market report table of contents includes:
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The drone bridge inspection services market report table of contents includes:
1. Executive Summary
2. Electric Vehicle Infotainment Market Characteristics
3. Electric Vehicle Infotainment Market Trends And Strategies
4. Electric Vehicle Infotainment Market - Macro Economic Scenario
5. Global Electric Vehicle Infotainment Market Size and Growth
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32. Global Electric Vehicle Infotainment Market Competitive Benchmarking
33. Global Electric Vehicle Infotainment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Electric Vehicle Infotainment Market
35. Electric Vehicle Infotainment Market Future Outlook and Potential Analysis
36. Appendix
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