In-Vehicle Infotainment Market: Insight and Growth Forecast
The In-Vehicle Infotainment market is quite dynamic and driven by increasingly advanced technologies integrated into the automotive industry as well as growing consumer demand for an enhanced in-car experience. The growth of the market is likely to increase significantly with the rise in connectivity of vehicles. This market is estimated to rise from US$ 19.4 billion in 2023 to US$ 34.5 billion by 2031 , growing at a healthy compound annual growth rate (CAGR) of 7.50% during the forecast period of 2023 to 2031.Market Dynamics In-Vehicle Infotainment Market Growth Drivers Technological Advancements: New technologies such as AI, AR, and IoT are changing the face of IVI. The manufacturers are focusing on adding features like voice recognition, touch interfaces, and gesture controls to enhance user experience. Consumer Demand for Connectivity: The modern consumer wants his or her vehicle to be co...