Europe: Leading Regional In-car Entertainment and Information System Market

The global in-car entertainment and information system market has shown immense growth in the recent past. The rapid rise in the automotive industry across the world has fueled the worldwide market for in-car entertainment and information systems significantly.

According to a research report published by Transparency Market Research (TMR), the global in-car entertainment and information system market stood at US$11.4 bn in 2014. Analysts further estimates that the market will attain an overall value of US$28.4 bn by 2021, expanding at a healthy CAGR of 14.20% over the period from 2015 to 2021.

Technical advancements in infotainment solutions, coupled with the rise in vehicle manufacturing, is the primary factor driving the global market for in-car entertainment and information systems. However, the high cost associated with the research and development of new solutions is restricting the market from growing smoothly.

Bluetooth: Dominating Global Market in Terms of Connectivity

The global in-car entertainment and information system market is analyzed on three front: Connectivity, application, and regional distribution. 2G, 3G, 4G, WiFi, bluetooth, and near field communications are the key segments of the worldwide market for in-car entertainment and information systems, based on connectivity.

The market for bluetooth accounted for around 30% of the overall market, emerging as the dominant market segment in 2014. The market is expected to continue exhibiting a significant growth in the forthcoming years. However, the increasing penetration of GPRS is expected to fuel the 2G, 3G, and 4G markets in the coming years.

On the basis of application, the global in-car entertainment and information system market is comprised of the markets for telematics, navigation, and entertainment. The market for entertainment dominated the overall market with a share of 40% in 2014. Analysts project that this market segment will continue to dominate the global in-car entertainment and information system market in the near future.

Europe: Leading Regional In-car Entertainment and Information System Market

The global market for in-car entertainment and information systems is regionally spread across North America, Asia Pacific, Europe, and the Rest of the World. Among these, the in-car entertainment and information system industry in Europe has acquired the topmost position, accounting for the highest share of the overall market. Germany, France, Italy, and the U.K. are the major markets for in-car entertainment and information systems in Europe.

The North America in-car entertainment and information system market is also showing an impressive growth, specially the market in the U.S. has been exhibiting steady development in recent times and has emerged as one of the leading markets for entertainment and information system. On the other hand, Brazil is witnessing robust rise as the in-car entertainment and information system market in Latin America and is projected to maintain its growth pace in the coming future.

In the Asia Pacific entertainment and information system market, China, Japan, South Korea, and India are showing substantial growth. Analysts expect these markets to witness a significant rise in their market share over the next few years.

Global In-car Entertainment and Information System Market: Major Players

JVC Kenwood Corp., Alpine Electronics Inc., TomTom International B.V., Delphi Automotive PLC, Blaupunkt GmbH, Denso Corp., Pioneer Corp., Harman International are the major players operating in the global in-car entertainment and information system market.