Electric Vehicles Infotainment Market Size Worth $225.0 Billion By 2025 | Global and Regional Forecast | Grand View Research, Inc.



 The global electric vehicle infotainment market size is expected to reach USD 225.0 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for in-car infotainment systems has been a major factor driving market growth. In addition, increasing adoption of small and medium sized EV has led to the increased utilization of infotainment systems. 

EV multimedia systems accounted for maximum revenue generation in 2016. Also, there is an increased demand for EV infotainment with heads-up and rear seat entertainment. Increasing demand for head-up and rear seat entertainment in electric vehicles is anticipated to drive the overall market. High installation and maintenance cost for the rear seat entertainment system has led to slower market adoption, however, these systems are projected to witness a high growth over the next eight years.

Heads-up display is fastest growing technology, mainly due to advantages such real-time projection of data on wind shield, reduced driver distraction and low cost. The multimedia system market is projected to decline over the forecast period. This can be attributed to increasing penetration of smartphones. Driver information and communication system market is anticipated to grow at moderate rate over the forecast period, the market accounted for more than 20% market share in 2016.

EV infotainment with wireless connectivity accounted for over 38% market share in 2016, largely driven by its wide scope of application in passenger electric vehicle. The demand for EV infotainment systems with cellular connectivity is anticipated to grow at a CAGR of 69.7% from 2017 to 2025. The EV infotainment system with wired connectivity category will witness a slow growth over forecast period mainly due to changing preference of customers from wired to wireless connectivity.

The infotainment system market for passenger EV is expected to slow down owing to increasing demand for heavy duty commercial EV. Commercial EV infotainment is anticipated to grow at fastest growth rate of over 71.0% by 2025.

Browse Full Report (Tables & Figures) @ https://www.grandviewresearch.com/industry-analysis/electric-vehicle-ev-infotainment-market

Contact Us:

Grand View Research, Inc.
201 Spear Street 1100,
San Francisco, CA 94105
United States

Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com

Comments

Post a Comment

Popular posts from this blog

Virtual Clinical Trials Market Size Reaches USD 12.9 Billion By 2030

Image
  The global  virtual clinical trials market  size is expected to reach USD 12.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.7% from 2022 to 2030. The COVID-19 pandemic has significantly impacted the market. The growing need for patient diversity clubbed with enhanced data collection in clinical trials is boosting the market growth. There has been a rise in the R&D of new drugs and vaccines that has increased the volume and complexity of clinical trials. Virtual clinical trials eliminate challenges posed by traditional clinical trials for example delays in patient recruitment and time-consuming procedures. Also, studies have revealed that around 75.0% of people favored a mobile trial over traditional ones and 80.0% of patients are more likely to participate in a clinical trial that uses mobile technology. The market is recovering at a significant pace after the pandemic as it offers various benefits to pati
Read more

Industrial Refrigeration Systems Market Size, Share & Trends Report, 2030

Image
  Industrial Refrigeration Systems Market Growth & Trends The global  industrial refrigeration systems market  size is anticipated to reach USD 27.66 billion by 2030, registering a CAGR of 4.4% from 2023 to 2030, according to a new report published by Grand View Research, Inc. The demand for industrial refrigeration is increasing due to the fast-moving consumer goods and retail food which needs efficient storage for perishable edible items. Governments are taking initiatives to support and strengthen the cold chain infrastructure and shifting towards eco-friendly refrigeration systems. Global warming and climate change have alarmed nations to take the necessary step to curb the crisis. As a result, industrial refrigeration system manufacturing companies have expressed concerns regarding the potential of global warming and ozone depletion of their refrigerants. As a result, companies are focusing on technologies to offer improved cost-effectiveness, lesser toxic refrigerants, lower
Read more

U.S. Virtual Visits Market Size To Reach USD 105.5Bn By 2030

Image
  U.S. Virtual Visits Market Growth & Trends The  U.S. virtual visits market  size is expected to reach USD 105.5 billion by 2030, expanding at a CAGR of 29.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for telehealth and teleconsultation and introduction of new and advanced technologies has positively impacted the growth of the market in the U.S. Increasing penetration of smartphones and assisted technologies has also been a key factor for the fast growth of the market. In the service segment, cold and flu management had the largest market share in 2022. The major factor behind the growth of the market is the growing demand for teleconsultations for patients for treatment of common conditions like cold and flu to reduce the chances of contracting additional illnesses due to hospital visits. The availability of specialists through telehealth and teleconsultations, even in remote areas has brought about a revolution in the virtual
Read more