Latin America Automotive Infotainment Market Size & Outlook
Latin America automotive infotainment market, 2018-2030 (US$M)
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Latin America automotive infotainment market highlights
- The Latin America automotive infotainment market generated a revenue of USD 1,425.6 million in 2023.
- The market is expected to grow at a CAGR of 8.4% from 2024 to 2030.
- In terms of segment, navigation unit was the largest revenue generating product in 2023.
- Communication unit is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,425.6 million |
| Market revenue in 2030 | USD 2,500.0 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Navigation unit |
| Fastest growing segment | Communication unit |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Audio unit, Display unit, Heads-Up display, Navigation unit, Communication unit |
| Key market players worldwide | Alps Alpine Co Ltd, Hitachi Ltd, Continental AG, Denso Corp, Harman International, Panasonic Holdings Corp, Pioneer Corporate High Yield Fund Y, Visteon Corp, Delphi Technologies, JVCKenwood Corp |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.5% of the global automotive infotainment market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 13,051.2 million by 2030.
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Automotive Infotainment Market Scope
Automotive Infotainment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America automotive infotainment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive infotainment market will help companies and investors design strategic landscapes.
Navigation unit was the largest segment with a revenue share of 35.44% in 2023. Horizon Databook has segmented the Latin America automotive infotainment market based on audio unit, display unit, heads-up display, navigation unit, communication unit covering the revenue growth of each sub-segment from 2018 to 2030.
The growing traction towards electric vehicle in the region is further supporting the infotainment system market growth. The vehicle sold in the region are being equipped with infotainment systems with high resolution screen, high quality audio units , ADAS features for mid to luxury class cars.
OEMs are launching their own connected car software which can be integrated with cars infotainment systems through Apple CarPlay and Android Auto. The inclusion of such value-added services is further supporting the market growth.
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Target buyers of Latin America automotive infotainment market databook
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Our clientele includes a mix of automotive infotainment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America automotive infotainment market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America automotive infotainment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America automotive infotainment market size, by country, 2018-2030 (US$M)
Latin America Automotive Infotainment Market Outlook Share, 2023 & 2030 (US$M)
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