ALBANY, N.Y.--(BUSINESS WIRE)-- According to a new market report published by Transparency Market Research “In-Car Entertainment and Information System Market - Global Industry Analysis, and Forecast 2015 - 2021,” Global In-Car Entertainment and Information System Market was valued at USD 11.42 billion in 2014, growing at a CAGR of 14.2% from 2015 to 2021 to account for USD 28.46 billion in 2021.
The automobile users at present, demand advanced and latest entertainment and information solutions in vehicles. Advanced driver assistance systems (ADAS), navigation solutions, internet, Wi-Fi, audio and video systems are the major technologies that are demanded by the consumers in automobiles. There has been significant growth and development in Asia Pacific, MEA and Latin America. The automobile sector is one of the largest growing sectors in the above mentioned regions. Countries such as India, China, South Africa, Saudi Arabia, Brazil and Russia among others have shown considerable growth in the automotive market. This has provided huge scope and opportunity for in-car entertainment and information system manufacturers to penetrate into the emerging markets such as Asia Pacific, MEA and Latin America.
The in-car entertainment and information system market, by connectivity, is divided into: 4G, 3G, 2G, Bluetooth, and WiFi and near field communications. By revenue, Bluetooth was the largest contributor in global in-car entertainment and information system market in 2014, accounting for a market share of around 30%.
Some of the leading players mentioned in the report are Harman International, Denso Corporation, JVC Kenwood Corporation, Delphi Automotive PLC, Alpine Electronics Inc., Pioneer Corporation, TomTom International B.V. and Blaupunkt GmbH. The report provides company market share analysis of the various industry participants. Key players have also been profiled on the basis of company overview, financial overview, business strategies and recent developments in the field of in-car entertainment and information system.
Transparency Market Research (TMR) is a U.S.-based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.