The global bus infotainment system market is expected to post a CAGR of
over 9% during the period 2018-2022, according to the latest
market research report by Technavio.
However, the growth momentum of the market is expected to decelerate due
to a decline in the year-over-year growth.
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Technavio has published a new market research report on the global bus infotainment system market from 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the provision of
smartphone support features with the in-vehicle infotainment system. The
demand for in-vehicle connectivity and telematics has led to
technological improvements, which aim at enhancing the overall
in-vehicle experience of vehicle occupants. Additionally, as consumers
started increasing their interaction with their personal mobile devices,
they expected the same experience from in-vehicle entertainment and
infotainment systems, especially with respect to user interface.
This market research report on the global
bus infotainment system market 2018-2022 also provides an
analysis of the most important trends expected to impact the market
outlook during the forecast period. Technavio classifies an emerging
trend as a major factor that has the potential to significantly impact
the market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing
In this report, Technavio highlight advertisements as new revenue source
for many OEMs through in-vehicle infotainment as one of the key emerging
trends in the global bus infotainment system market:
Global bus infotainment system market:
Advertisements as new revenue source for many OEMs through in-vehicle
infotainment
Rear-seat infotainment provides OEMs unique opportunities which they
cannot implement in front-seat infotainment owing to driver distraction
and other requirements. Unlike drivers, rear-seat passengers extensively
need infotainment systems during long-distance traveling, and this need
is fulfilled by the manufacturers of the rear-seat infotainment system.
“Content delivery is one of the key features of rear-seat
infotainment, which are accessed through secondary sources like
smartphones or tablets. For the younger generation, the value
proposition for rear-seat infotainment lies in movies, videos, and
streaming content, or digital TV. The rear-seat display provides a big
opportunity for advertisers as well as for OEMs looking for recurring
revenue,” says a senior analyst at Technavio for research on human
machine interface.
Global bus infotainment system market:
Segmentation analysis
This market research report segments the global bus infotainment system
market by application (transit buses, coaches, and transfer buses) and
geographical regions (APAC, EMEA, and the Americas).
The transit buses segment held the largest market share in 2017,
accounting for nearly 51% of the market. This application segment is
expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with a market share of nearly 81% of the
market share. The market share occupied by this region is anticipated to
increase during 2018-2022.
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Market Sizing
Five Forces Analysis
Market Segmentation
Geographical Segmentation
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
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View source version on businesswire.com: https://www.businesswire.com/news/home/20180801005535/en/