Global Automotive TV Tuner Market Outlook 2031

The global automotive TV tuner market is likely to grow at a CAGR of 2.7% over the forecast period, i.e., 2022-2031. The market generated a revenue of around USD 100 Million at the end of 2021 and is likely to produce revenue worth of nearly USD 150 Million by the end of 2031. The factors such as, increase in number of people buying car, advancement of technology of TV tuners, rising prevalence of electric cars and demand for vehicle infotainment system are expected to drive the market growth.

The global automotive TV tuner market is segmented by vehicle type, platform and by sales channel. On the basis of vehicle type, market is further fragmented into passenger car, light commercial vehicle and heavy commercial vehicle. The passenger car segment is anticipated to garner the highest revenue of about USD 120 million by the end of 2031. The passenger car segment garnered a revenue of nearly USD 90 million in 2021 and further is expected to grow at a CAGR of 2.8% over the forecast period.

On the basis of region, global automotive TV tuner market is analyzed by the markets of North America, Europe, Latin America, Asia-Pacific and Middle-east and Africa. The market in Asia Pacific collected the highest revenue of more than USD 40 million in 2021. By the end of 2031, Asia Pacific’s market is estimated to garner a revenue of around USD 57 million, by growing at the CAGR of 2.5% over the forecast period.

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.