The Europe Electric Vehicle Infotainment Market would witness market growth of 34.0% CAGR during the forecast period (2022-2028).
Vehicle infotainment systems are undergoing a transformation as a result of the recent surge in acceptance of electric vehicles. Automobile manufacturers were able to bring infotainment systems to the next level owing to the power of lithium-ion batteries which power electric vehicles. Many new electric cars are already operated by high-tech HD touchscreens, replacing out-of-date CD players and clumsy controls. Due to their internet connection, electric vehicles also would benefit from regular software updates. This enables each driver to benefit from the most recent advancements in infotainment technology.
In reality, electric automobiles speed quicker than gasoline vehicles because an EV's induction motor produces rapid torque with no engine lag. These supercars can go from zero to sixty in a matter of seconds. Furthermore, due to their low centres of gravity as well as weight from the battery packs, which are often positioned underneath the car, electric vehicles offer greater traction control than a normal internal combustion engine vehicle.
By 2020, a number of European governments have set ambitious targets for carbon decrease and electric vehicle stock requirements. Furthermore, certain European countries, such as France and Belgium, are focusing on the development of electric car charging and infrastructure required in order to facilitate interoperability among various electric vehicles around the region.
Although the increase in the number of legal ULEV automobiles on UK roads, ULEVs still account for a small percentage of all licensed vehicles. Around 58.5 percent of licensed cars in 2019 were gasoline, 39.1 percent diesel, and 0.8 percent were plug-in hybrids, range-extended electric, battery electric, or fuel cell electric automobiles. As per the International Energy Agency's 2017 Electric Vehicle Outlook, the UK ranks fourth in terms of market share and seventh in terms of volume. According to National Grid's projections, the UK's electric vehicle stock could reach between 2.7 and 10.6 million by 2030, and as greater as 36 million by 2040.
The Germany market dominated the Europe Electric Vehicle Infotainment Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $798.4 million by 2028. The UK market is poised to grow at a CAGR of 32.9% during (2022 - 2028). Additionally, The France market would display a CAGR of 35.2% during (2022 - 2028).
Based on End-use, the market is segmented into Battery Electric Vehicle (BEV) and Hybrid Electric Vehicle (HEV). Based on Connectivity Type, the market is segmented into Wireless, Bluetooth, Cellular, and Wired. Based on System Type, the market is segmented into Multimedia, Navigation Unit, Communication Unit, Rear Seat Entertainment, and Heads-up Display. Based on countries, the market is segmented into Germany, UK, France, Russia, Norway, Netherlands, and Rest of Europe.
Free Valuable Insights: The North America Electric Vehicle Infotainment Market would witness market growth of 12.5% CAGR during the forecast period (2022-2028). The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Alps Alpine Co., Ltd., Continental AG, Denso Corporation, Harman International Industries, Inc. (Samsung Electronics Co., Ltd.), General Motor Co., Ford Motor Company, Volkswagen AG, Garmin Ltd., Panasonic Corporation, and Pioneer Corporation. By End-use By Connectivity Type By System Type By CountryScope of the Study
Market Segments Covered in the Report:
Key Market Players
List of Companies Profiled in the Report:
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