Samsung Electronics Co., Ltd.’s - subsidiary Harman International Industries collaborated with ARD. The collaboration will provide automotive manufacturers to offer ARD Audiothek app in their vehicles.
Continental Automotive GmbH - signed a strategic cooperation agreement with the Pioneer Corporation for an integrated infotainment solution.
Rising gross domestic product (GDP) per capita, increasing pedestrian fatality risk, and growing automobile industry exports are some of the major factors anticipated to drive the growth of the market.
The market is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2023-2033.
High costs involved in automobile manufacturing, complicated software designs, and the rising threat of cyberattacks are some of the factors estimated to hamper market growth.
The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
The major players in the market are Samsung Electronics Co., Ltd., Visteon Corporation, Denso Corporation, Robert Bosch GmbH, Continental Automotive GmbH, Garmin, Panasonic Corporation, Faurecia Clarion, Alps Alpine Co., Ltd., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by equipment, application, end-user, and by region.
The mid-priced passenger cars segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.