Automotive Infotainment Telematics Systems & Features Q1 2024 Update
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TechInsights’ Automotive Infotainment & Telematics Q1 2024 System Market Report provides a forecast outlook for the OEM and aftermarket hardware and feature market from 2020 through 2030. Reasonable growth in 2022 saw the OEM market opportunity for infotainment and telematics system vendors rise by 5.8% year-over-year (YoY) in revenue terms. A stronger bounce of 11.3% YoY was sustained in 2023 on the back of strong vehicle production growth of over 10%; however, revenue growth of just 2.4% YoY is forecast in 2024, as vehicle production growth slows to under 1% YoY globally.
