Infotainment Equipment In Automotive Market Expected To Reach US$ 31.96 Billion By 2024

Post-Installation Costs & Advanced Computing Platforms
Remodelling “Auto Infotainment” As We Know It
According to the report, titled “Global Market Study on Auto Infotainment: APAC
Expected to Account for the Highest Market Share Between 2016 and 2024,” the
global market for auto infotainment will bear witness to surging demand for
entertainment systems segment, which are anticipated to reach market value of
US$ 13.5 billion by 2016-end. North America is likely dominate the global market
with over 25% market share, but Asia-Pacific’s auto infotainment market will
emerge extensively by recording an estimated 26.3% market share; gaining a
marginal dominance over the former region.
Long journey becomes better when one tunes into some all-time hits while driving
the car, and entertains the passenger by playing movies in rear-seat entertainment
screens. Cars have become much more than an automotive for commuting, and the
entertainment systems installed in them are become multifunctional. The currently
produced range of cars and other automotive are being equipped with a computer
that can provide analytical data on the performance of the car and also make the
travel enjoyable. A common auto infotainment system includes features such as
audio-video playback, automated car controls, parking sensors, rear-view camera
imagery, and remote locking-unlocking.
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However, very few consumers and car users are privy with the fact that installing
any auto infotainment system shall lead to further expenditure for periodically
subscribing such features. While this move will demote the use of auto
infotainment systems with hidden costs, cars will continue to be brought into the
market with such systems pre-installed in it.
 The global market for auto infotainment is likely to garner profits from
subscription-based services and consolidate its integration to the global
automotive industry as well as the global IT sector.
 By the end of 2024, the global auto infotainment market is projected to
reach valuation of US$ 31.96 billion, according to a report developed by
Persistence Market Research.
Hidden costs in such systems comprise of periodical subscription to live traffic
data, GPS programming systems, customized maps, satellite radio, and few other
entertainment services. Revenues from such costs will incidentally increase the
revenues of global auto infotainment market, while subsequently limiting their
consumption among car users; particularly the ones seeking permanent or lifetime
subscription or looking for shelling out minimum expenditure on car infotainment.
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Likewise, auto infotainment continues to be remodelled by the influence of recent
technological advancements in computing and automation. Remote access to car’s
functions has integrated automation with real-time computing and wireless
connectivity. This transformation is highly pivotal in the automotive industry that
tech giants such as Google have developed an independent platform for managing
and controlling a car remotely. The Android Auto, developed by Google, is a
smartphone platform that includes apps for controlling the cars automated features
through satellite. The keyless authenticity of Android Auto enables the user to
access functions such as opening the trunk, changing the in-car temperature,
adjusting performance modes, and even effectively unlocking a car with the key
left inside. The costs of enabling a car’s auto infotainment system with such
platforms can appear to be a pricey proposition, but will ultimately fuel the growth
of global auto infotainment market. When tech giants foray into the global market
for auto infotainment, car users will be compelled to adopt expensive auto
infotainment systems and reduces hassles of managing car functions manually.
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Factors such as growth of the automotive sector along with rising consumer inclination towards an entertaining driving experience, rise in compact passenger car sales, and increasing demand for vehicle customization among youngsters are factors expected to significantly impact the growth of the global auto infotainment market.