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Automotive infotainment market to rise 7.3% by 2018

Posted: 06 May 2011 ?? ?Print Version ?Bookmark and Share

Keywords:automotive infotainment? growth? market? forecast?

Research and consulting firm Strategy Analytics, through its Automotive Multimedia and Communications Service (AMCS), predicts the growth of the global market revenue for automotive OEM infotainment systems in the coming years.

In the report, "Strategy Analytics: Automotive Infotainment Q1 2011: Japan Turmoil Disrupts Infotainment Supply Chain in 2011," the firm predicts that automotive OEM infotainment systems market will grow from $20.46 billion in 2010 to $35.89 billion in 2018, a CAGR of 7.3 percent. According to the firm, the rise in global vehicle production and increased use of infotainment solutions for communications, entertainment and navigation is driving global market revenue for automotive OEM infotainment systems.

The report also notes that Japan dominates the infotainment landscape with over 53 percent of the market in 2010. However, "the earthquake in Japan will severely curtail 2011 vehicle production in quarter 2 and quarter 3," says Mark Fitzgerald, associate director of Strategy Analytics' North American Automotive Services.

"The infotainment supply chain is feeling the ramifications of parts shortages and vehicle production disruptions," Fitzgerald adds.

Also included in the report is the information that Panasonic maintained its position as the largest Tier 1 supplier for both OEM and aftermarket infotainment and telematics systems with a global market share of 9.9 percent.

"While Panasonic kept the number one spot on the market share list, Hitachi and Harman are growing at a faster rate," says Richard Robinson, a director of Strategy Analytics' AMCS.

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