NEW YORK, Nov. 16, 2022 /PRNewswire/ —
KEY FINDINGS
The global automotive embedded systems market is estimated to project a CAGR of 5.44% during the forecast period, 2022-2030. The market growth is attributed to the rising focus on vehicle security, the growing demand for infotainment, and the increasing demand for electric vehicles.
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MARKET INSIGHTS
The evolving mobility businesses have enabled the development of infotainment systems that provide improved safety features, entertainment options, and extra functionality. Also, the future of in-car entertainment revolves around car infotainment systems that link different smart devices and enable a safe, pleasurable, and productive driving experience.
The infotainment system entails audio and television interfaces with interactive panels, voice commands, and touchscreens. In addition, the system controls a car’s entertainment and communication capabilities.
Further, smartphone connectivity allows users to access information through Bluetooth and Wi-Fi.Besides, the system offers a digital experience in automobiles with a variety of input modalities, several screens, and a digital assistant.
The use of digital interfaces enables suppliers and automakers to design interfaces that efficiently present real-time data.As a result, the increasing demand for infotainment systems offers growth opportunities for the global automotive embedded systems market.
However, the market growth is hindered by concerns associated with the embedded systems’ reliability.
REGIONAL INSIGHTS
The global automotive embedded systems market’s geographical evaluation includes the assessment of Asia-Pacific, Europe, North America, and Rest of World. As per evaluations, Asia-Pacific is the fastest-growing region in the global market, attributed to the increasing demand for infotainment systems.
COMPETITIVE INSIGHTS
The intense competitive rivalry among market players is attributed to their strategic development initiatives like product developments and expansions to acquire market share. Some of the leading market players are Infineon Technologies AG, Garmin Ltd, Denso Corporation, Intel Corporation, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Companies mentioned
1. ANALOG DEVICES INC
2. CONTINENTAL AG
3. DELPHI TECHNOLOGIES (BORGWARNER INC)
4. DENSO CORPORATION
5. GARMIN LTD
6. INFINEON TECHNOLOGIES AG
7. INTEL CORPORATION
8. MITSUBISHI ELECTRIC CORPORATION
9. NXP SEMICONDUCTORS NV
10. PANASONIC CORPORATION
11. RENESAS ELECTRONICS CORPORATION
12. ROBERT BOSCH GMBH
13. SAMSUNG ELECTRONICS CO LTD (HARMAN INTERNATIONAL)
14. TEXAS INSTRUMENTS INC
15. VERIZON COMMUNICATIONS INC
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