BOSTON, April 11, 2013 /PRNewswire/ -- HARMAN overtook Panasonic in 2012 to become the number one supplier of automotive infotainment systems worldwide. HARMAN revenue growth was up 12.5 percent in 2012 when compared to 2011.
The Strategy Analytics Automotive Multimedia and Communications Service (AMCS) report, "Automotive Infotainment Systems Q2 2013: Despite Slowing Economic Growth, Infotainment Revenues Continue to Rise," provides a forecast outlook for OEM and Aftermarket infotainment hardware and applications from 2010 through 2020 and ranks the top 15 global infotainment suppliers by 2012 Revenue.
Panasonic falls to the number two ranking though remains a key global infotainment supplier, ahead of number three ranked Pioneer. The top 5 infotainment suppliers account for nearly 40 percent of the total market for automotive infotainment in 2012. Individual Tier 1 infotainment suppliers continue to expand feature availability in mature markets while expanding into the emerging markets to maintain sales growth.
"HARMAN's wins with BMW, Chrysler, Geely, Hyundai, Mercedes Benz, Toyota, the Volkswagen Group and other major global automotive OEMs. This has moved HARMAN to the top of the rankings for 2012 automotive infotainment revenue," stated Richard Robinson, Director, Automotive Multimedia and Communications Service at Strategy Analytics. "Continued strength in the mature European and North American markets as well as solid growth in the emerging Chinese and Indian markets positions HARMAN as a well-rounded, global infotainment supplier."
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Strategy Analytics, Inc. provides the competitive edge with advisory services, consulting and actionable market intelligence for emerging technology, mobile and wireless, digital consumer and automotive electronics companies. With offices in North America, Europe and Asia, Strategy Analytics delivers insights for enterprise success. www.StrategyAnalytics.com
US Contact: Mark Fitzgerald, +1 617 614 0717, [email protected]
European Contact: Richard Robinson, +44(0) 1908 423 646, [email protected]
SOURCE Strategy Analytics