Knowledge Sourcing Intelligence announces the publication of a new report on “Global automotive Rear Seat Infotainment System Market - Forecasts from 2020 to 2025" to their offering.
A rear seat infotainment system a collective term for hardware and software solutions equipped for the entertainment of rear seat occupants of a vehicle. The market is projected to show a healthy growth owing to rising disposable income and growing demand for these systems.
According to the report, the Global Automotive Rear Seat Infotainment System Market is projected to increase at a CAGR of 8.89% over the forecast period 2019-2025.
The growth of the market is majorly attributed to the growing consumer expectations regarding the interactive features and display aesthetics of their vehicles. In addition, the burgeoning importance of the vehicle’s infotainment functions is also anticipated to positively impact the demand for rear seat infotainment systems market in the coming years. The market is also poised to grow during the coming years on account of the growing production of passenger vehicles due to the growing sales in the major developing economies across the globe. For example, as per the data from OICA, the production of passenger vehicles increased from 67,530,621 per year in 2014 to 70,567,581 by 2018. Thus, increasing production of passenger vehicles coupled with the rising disposable income are the factors driving the demand for rear seat infotainment systems.
The growing technological advancements in the market coupled with the participation by key market players in the form of R&D, product launches, and partnerships among others also show the potential for the market to grow in the near future.
Geographically, the market has been segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific. The European region is projected to hold a notable share in the market owing to the presence of a well established automotive sector in major countries such as France, Germany, and Italy among others. Furthermore, the presence of key luxury car manufacturers in the region also supports the share of the European region during the next five years. The Asia Pacific region is anticipated to show robust growth over the course of the next five years. This growth is attributed to the rapidly growing automotive sector of the country due to rising disposable income and a growing middle-class population in the major developing countries such as India, China, and Indonesia among others.
The major players covered as part of the report are Blaupunkt, Panasonic, Pioneer, and Mitsubishi Electric Corporation among others.
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 infotainment system market on the basis following terms: