LG Electronics, Inc. announced receiving the order for USD 6.2 billion, which will include vehicle components, telematics and infotainment systems. The figure represents the company’s 13% backlog. The company aims to lead the in-vehicle infotainment system by providing its products and solutions to major car manufacturers such as Mercedes, Renault, and General Motors.
Garmin recently demonstrated its latest in-cabin solutions for the Automotive OEM at CES 2023. This system features four infotainment touchscreens, an instrument cluster, a cabin monitoring system, wireless headphones, wireless gaming controllers, smartphones, and various entertainment options. It is designed to be unified with a single SoC (system on chip).
Author Credits: Rushikesh, Richa Gupta
Report ID: 4599
Published Date: Aug 10, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Growing innovations in the automotive industry and technological upgradation along an upsurge in automotive research & development worldwide are the major factors driving the growth of the automotive infotainment market.
The market size of automotive infotainment is anticipated to attain a CAGR of 9.3% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Alps Alpine Co., Ltd., Group Forvia, Harman International Industries, Incorporated, Panasonic Corporation, Robert Bosch GmbH, Visteon Corporation, Denso Corporation, Pioneer Corporation, Aptiv Global Operations Limited, and others.
The display unit segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.