The global Connected Commercial Vehicle infotainment system market is forecasted to reach USD 69.52 Billion by 2028, according to a new report by Reports and Data. This can be mainly associated with the emergence of cloud based applications in Commercial Vehicle industry. Connections to cloud-based solutions, such as Google Maps, or Nokia’s Ovi Maps, allow access to the three elements of navigation—the roads, local POIs, and Location-Based Services (LBS) content.
Connected Commercial Vehicle infotainment systems typically include audio-video features and two-way communications tools, which include standard radio and CD players, and allow phone connections, vehicle voice commands and other types of interactive audio or video. The systems even include rear-seat DVD features that enable passengers to watch any visual media.
The network connectivity issues may hinder the growth of the market. Infotainment systems require high-performance, high data rates and time-synchronous data streams on multiple devices. Thus, the systems are required to be designed for optimal signal integrity at high frequencies.
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The increasing need for connectivity and the trend towards digitization and navigation services are indeed driving market revenue growth in the Commercial Vehicle industry. Consumers today expect to stay connected while on the road, and they rely on technology to provide them with real-time information and enhance their driving experience.
Modern entertainment systems in vehicles have become popular among consumers because they not only provide entertainment options but also contribute to driving enjoyment and road safety. These systems can offer features such as GPS navigation, real-time traffic updates, and weather information, enabling drivers to make informed decisions while on the road.
Moreover, the integration of cutting-edge technologies like 5G, Artificial Intelligence (AI), and Machine Learning (ML) has further enhanced the capabilities of Commercial Vehicle systems. With 5G connectivity, vehicles can access high-speed internet and communicate with other vehicles and infrastructure, enabling advanced features like connected car services, remote diagnostics, and over-the-air updates.
AI and ML technologies are being utilized to analyze vast amounts of data collected from sensors, cameras, and other sources in vehicles. This data can be used to improve various aspects of driving, such as predictive maintenance, driver assistance systems, and autonomous driving capabilities. These technologies help in making driving safer, more efficient, and convenient for drivers.
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Further key findings from the report suggest
Some of the leading players are listed below:
Bayerische Motoren Werke AG (BMW), Harman International Industries, Panasonic Corporation, Aptiv PLC, Fujitsu Ten Ltd., Ford Motor Company, Denso Corporation, Audi AG, General Motors Company, and Visteon Corporation, among others.
Global Connected Commercial Vehicle Infotainment System market segmentation:
Platforms Outlook (Revenue, USD Billion; 2018-2028)
Vehicle type Outlook (Revenue, USD Billion; 2018-2028)
Connectivity Outlook (Revenue, USD Billion; 2018-2028)
Application Outlook (Revenue, USD Billion; 2018-2028)
Regional Outlook:
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