Knowledge Sourcing Intelligence announces the publication of a new report on “Global Automotive Rear-seat infotainment Market - Forecasts from2020 to 2025" to their offering.
Rear-seat infotainment system is a collection of hardware and software solutions which offers the occupants in vehicle with audio as well as video information such as navigation information, traffic information among others and entertainment services.
According to the report, the Global Automotive Rear-seat Infotainment Market is projected to increase at a CAGR of 8.98% in the coming years.
Rising demand for comfortable and entertainment features in vehicle
Rising purchasing power and living standards is encouraging them to purchase cars with advanced and new features. As such, the demand for automotive rear-seat infotainment is continuously rising, thus driving the global market growth. Global auto makers such as Audi, BMW and Land Rover among others offer these systems pre-fitted in their high-end models. Thus, rising sales of cars across this segment is further bolstering the market growth of automotive rear-seat infotainment across the globe.
However, declining production as well as sale of automobiles from the past few years is currently hampering the demand for automotive rear-seat infotainment, thus negatively impacting the overall market growth. The primary factor behind the declining sales of passenger cars is the emergence of cost-effective and convenient ride-hailing services across various regions/countries. Moreover, the recent pandemic outbreak caused by COVID-19 has further put a temporary halt in the automotive production due to nationwide lockdowns, mandatory social distancing measures, and global supply chain disruption (due to temporary ban on global trade) in order to curb the spread of coronavirus.
The global automotive rear-seat infotainment market has been segmented by vehicle type, screen size, and geography. By vehicle type, the global automotive rear-seat infotainment market has been segmented into light vehicle and heavy vehicle. The global automotive rear-seat infotainment market has further been classified by screen size as 5’’-7’’ and 8’’-10’.’
By geography, the global automotive rear-seat infotainment market has been segmented as North America, South America, Europe, Middle East and Africa (MEA), and Asia Pacific (APAC). Asia Pacific (APAC) regional market for automotive rear-seat infotainment held the substantial share in 2019 and will remain at its position till the end of the forecast period. The growth of this regional market is primarily attributed to presence of automotive manufacturing units in countries like China and India. Global auto manufacturers are further expanding their production facilities across this region owing to the availability of cheap yet skilled workforce, leading to low production cost. For example, in August 2018, Mitsubishi announced that the company is scaling up the production of its Indonesian-made Xpander model by 20 per cent to meet rising demand in the local and ASEAN markets. The European automotive rear-seat infotainment market also has a noteworthy share in the global for automotive rear-seat infotainment market during the forecast period owing to the well-established automotive industry in countries like the United Kingdom, Germany, and France. The presence of global giants manufacturing premium quality cars such as BMW, Volkswagen, Audi, and Renault, along with the escalating domestic as well as international demand is driving the automotive rear-seat infotainment market growth across this region. Favorable government policies and programmes to boost the domestic automotive production in countries like the United States and Mexico will continue to bolster the market growth of automotive rear-seat infotainment in North America during the projected period. South America will also witness a decent CAGR during the forecast period.
The major players covered as part of the report are Blaupunkt, MapmyIndia, Mitsubishi Electric Corporation, AMAG Import AG, ACCESS CO., LTD., Panasonic Automotive, and Pioneer.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-automotive-rear-seat-infotainment-system-market
This report has segmented the global automotive rear-seat infotainmentmarketon the basis following terms: