Dallas, Texas (PRWEB) June 06, 2014
Fast-paced development in emerging economies offers huge growth potential for the Global Automotive Infotainment market. Despite the slow growth of the market in developed economies, the market growth in East Asia, the Pacific region, and South Asia, especially in China and India, has been resilient. In the cases of China and India, this was because of massive fiscal stimulus packages as part of these countries' skillful macroeconomic management. During the forecast period, the market is expected to flourish in the BRIC nations, while developed countries are likely to see static sales or a decline in sales. With high competition and saturated markets, most global automotive firms have shifted their focus to these regions for new growth avenues. This provides an opportunity for automotive products and solutions, including automotive infotainment systems, across the emerging markets.
Analysts forecast the Global Automotive Infotainment market to grow at a CAGR of 12.26 percent over the period 2013-2018. According to the report, one of the main factors that drive the demand for automotive infotainment systems is the increasing adoption of infotainment in compact and medium-sized cars. Several leading automobile manufacturing companies, such as Toyota Motor Corp., Nissan Motor Corp., and General Motors Co. (GM), have collaborated with infotainment equipment and software manufacturers to embed infotainment systems in their automobiles.
This report covers the present scenario and the growth prospects of the Global Automotive Infotainment market for the period 2014-2018. It also presents the vendor landscape and a corresponding detailed analysis of the top six vendors, which excel in developing automotive infotainment systems. In addition, the report discusses the major drivers that influence the growth of the Global Automotive Infotainment market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
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Other Prominent Vendors
Further, the report states that a major challenge is the high cost of automotive infotainment devices. Automobiles are being increasingly automated with several advanced features and infotainment accessories. The high cost of these accessories affects the market growth. The high cost of automotive embedded telematics is making it difficult for automobile manufacturers to keep their product prices low.
Fast-paced development in emerging economies offers huge growth potential for the Global Automotive Infotainment OS market. Despite the slow growth of the market in developed economies, including those in Europe, the market has high growth prospects in developing countries. The growth of the market in East Asia, the Pacific region, and South Asia, especially in China and India, has been resilient, mainly because of the massive fiscal stimulus package in China and India's skilful macroeconomic management. In the coming years, high market growth is expected in the BRIC countries, while developed countries are likely to witness slow growth or static sales. With high competition and saturated markets, most of the global automotive firms have shifted their focus to these regions to seek new growth avenues.
Analysts forecast the Global Automotive Infotainment OS market to grow at a CAGR of 21.43 percent over the period 2013-2018. According to the report, the growing popularity of smart cars in urban areas is leading to increased adoption of automotive infotainment systems worldwide. Smart cars are equipped with internet connectivity and special infotainment features. Therefore, efficient OS's are required to run the infotainment systems. With cars becoming a basic necessity, manufacturers are increasingly focusing on cars equipped with dynamic utilities.
Other Prominent Vendors
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