Automotive TV Tuner Market Analysis by Vehicle Type (Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle); by Platform (DVB-T, DVB-T2, and Others); and by Sales Channel (Online, and Offline)-Global Supply & Demand Analysis & Opportunity Outlook 2021-2031

Global Automotive TV Tuner Market Size, Forecast, and Trend Highlights Over 2021 - 2031 

The global automotive TV tuner market is estimated to garner a revenue of USD 145.5 Million by the end of 2031 by growing at a CAGR of 2.7% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of USD 111.2 Million in the year 2021. Rise in number of people favoring electric cars is to boost the market growth. In 2022, over 50% of population is inclined to buy electric car. Moreover, by 2027, the sales electric car unit is anticipated to reach around 16,000 vehicles.

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Advancing technology is likely to propel the global automotive TV tuner market growth. For instance, Sinclair subordinate branch One Media in collaboration with Saankhya Labs announced the launch of new chipsets that supports ATSC 3.0 next-generation TV standard for both automotive and mobile applications. Furthermore, rising demands of cars for both personal and commercial use is to augment the growth of global automotive TV tuner market.

Global Automotive TV Tuner Market: Growth Drivers and Challenges

Growth Drivers

• Worldwide Increased Demand for Luxury Cars

Owing to rise in average income of people and better lifestyle, the demand of luxury cars is rising. The luxury car unit sale was around 193 thousand in 2022 and it is anticipated to reach nearly 202 thousand in 2026.

• Increased Preference of Vehicle Infotainment System

Customers are preferring the car which are technologically advanced, connected to internet and with various luxury features such as advertising. Owing to rising demand manufacturers are also furnishing cars with necessary requirements. By 2020, about 98% sold new cars were connected to the internet. Moreover, nearly 90% customers are contented with internet enabled facility in the care.

• Surging Popularity of Electric Vehicles

With the rising popularity of electric vehicles, sales of e-cars are also rising. In 2021, over 6 million E-cars were sold globally and about 2 million cars were sold in the first quarter of 2022.

• Technological Advancement of TV Tuners

Growing technology is always a driving force for the market. With advancement of vehicles, company are also focusing on its features advancement. For instance, Kenwood announced using TV tuner by Microtune. By using their ISDB-T technology, Kenwood is aiming to provide the cars with advance TV entertainment capabilities and consumer friendly designs.

• Higher Number of People Buying Car

Car buyers count is increasing owing to improved income, lifestyle and increased number of millennial car buyers. Nearly 30% of people planned to buy a car in first half of 2022 and in those, about 45% share was of millennials.

Challenges

• Higher Cost of Upgrading the Engine

• Stringent Government Regulations and Environmental Policy on the Manufacturing

• Shortage of Skilled Workers

Making of semiconductor chip requires huge volume of water and energy and it also creates hazardous waste which negatively impacts the market. Therefore, to operate its manufacturing in controlled manner, strict norms are proposed by government which is expected to hamper the market growth.

The global automotive TV tuner market is segmented and analyzed for demand and supply by vehicle type into passenger car, light commercial vehicle and heavy commercial vehicle. Out of all, the passenger car segment is anticipated to hold the largest market size of USD 121.8 million by the end of 2031. The segment is expected to grow at a CAGR of 2.8% over the forecast period. Moreover, the segment garnered a revenue of USD 92.6 million in 2021. Rising sales of passenger car is expected to propel the passenger car vehicles segment. In 2021, over 56 million of passenger car were sold worldwide and approximately 22 million were sold in China. For Unites States and Germany, the figure was around 3 million and over 2 million respectively.

Global Automotive TV Tuner Market Regional Synopsis

Regionally, the global automotive TV tuner market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the Asia Pacific is projected to hold the largest market size of USD 56.5 million by the end of 2031. The Asia Pacific’s market is expected to grow at a CAGR of 2.5% over the forecasted period. Automated TV tuner market in the Asia Pacific garnered a revenue of USD 44 million in 2021. This growth is ascribed to higher sales electric vehicles. In the Japan, nearly the sale of new electric car reached to over 1 million in 2020. Moreover, the Japan is expected to shift to 100% electric car sale by 2035. Furthermore, rise in demand of luxury cars is to propel the market growth in the Asia Pacific region. In the India, in 12 months which ended on March 2022, nearly 24,000 luxury cars were sold. Further, in 2021, the German manufacturer, deployed nearly 840,000 BMW and Mini cars in the China

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Market Segmentation

Our in-depth analysis of the global automotive TV tuner market includes the following segments:

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Key Companies Dominating the Global Automotive TV Tuner Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global automotive TV tuner market that are included in our report are Maxim Integrated, TE Connectivity, PIONEER ELECTRONIC ASIACENTRE PTE. LTD., Clarion, Socionext Inc., Fujitsu Limited, Skyworks Solutions, Inc., Microtune Inc., Sony Group Corporation and others.

Global Automotive TV Tuner Market: Latest Developments

• July, 2022: TE Connectivity announced its strategic acquisition of Linx Technologies a prime supplier of RF components in IoT market. By this acquisition, TE plans to expand its potential in IoT market.

• July, 2021: Skyworks Solutions, Inc.  announced the accession of infrastructure and automotive business of Silicon Laboratories Inc., for the value of $2.75 billion.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.  

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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