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Global In-Car Infotainment market to hit $14.4 billion by 2016

In-car infotainment system
In-car infotainment system

The global market research and consulting company MarketsandMarkets has announced that total In-Car Infotainment (ICI) Market is expected to touch $14.4 billion by 2016 at a CAGR of 12.1% from 2011 to 2016. Market research report “In-Car Infotainment (ICI) System Market – Global Forecast & Analysis by OEM & Aftermarket (2011 – 2016)” deals with the present scenario of the ICI market and its future prospects.

According to reports, traditionally, sale of auto products are done via OEM and aftermarket. Even though aftermarket plays a significant role in sale of infotainment solutions, it is anticipated that the sale of infotainment products are likely to improve through OEM than aftermarket. The report comprises a comprehensive data of the market related to ICI product and its applications. The report also highlights the future products (features likely to be launched in future) in infotainment solution. ICI market’s geographical segments including North America, Europe, Asia-Pacific, and Rest of the World has also been covered in the report.

The report states that even though the ICI market has a limited market size, but is expected to grow at higher rates like 29.9% and 29.3% in 2011 and 2012 respectively. Based on the present economic conditions and the promising future conditions, the overall market is expected to grow at a CAGR of 12.1% from 2011 to 2016. Some of the major players of ICI System are Harman International (U.S.), Pioneer (Japan), JVC-Kenwood (Japan), Deplhi (Japan), Denso (Japan), Alpine (Japan) and Bosch (Germany). Some of prominent navigation system and service providers are TomTom (The Netherlands) and Garmin (U.S.). Some of software (Platform) developers include Intel (U.S.), KPIT (India), Luxoft (Russia), and Nuance (U.S.) Some of ICI service providers are Aha – Harman (U.S.), and Meego (U.S.). The report has stated that the privacy-security and river distraction are the major hindrances in the growth of the In-Car (ICI) Infotainment System Market.

Source:
http://www.marketsandmarkets.com

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