APAC Market Forecast
The Asia Pacific automotive infotainment market is predicted to hold the highest share of 35%. A growing number of cars, supported by the presence of a robust automotive network in the area, as well as the expanding penetration of smart vehicles, may all be credited with the market's rise. According to data from 2022, China accounts for more than 54% of all small cars with varying degrees of automation sold worldwide too far. In addition, increased luxury automobile sales in the Asia-Pacific region are anticipated to fuel market expansion. In India, Lamborgini will sell 100 vehicles, the business sold 92 vehicles there in 2022, a 33% increase over the previous year.
European Market Statistics
The Europe automotive infotainment market is expected to show a significant CAGR with a 25% revenue share. Due to the existence of renowned vehicle manufacturers, Europe accounts for a sizeable portion of the worldwide automotive infotainment industry. Major automakers collaborate closely with international software firms to offer cutting-edge infotainment systems. The product introduction will boost the business's revenue share and retain its hegemony over rivals globally. There is an increase in smartphone features being incorporated into in-car infotainment systems. One of the greatest rates among other areas is seen in Europe, where more than 90% of individuals have a mobile internet connection. Smartphone use for the same objectives in automobiles has expanded along with the use of mobile phones.
Author Credits: Richa Gupta
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