The record fall in global vehicle production in 2020 - because of the effects of COVID-19 - saw the OEM market opportunity for Infotainment & Telematics vendors falling by 11.9% YoY in revenue terms in 2020, with a weak bounce back of 0.9% in 2021, followed by much stronger growth of over 11% YoY in 2022
The recovery in vehicle production in 2022 (based on the LMC Automotive Q4 2021 Forecast) will see the OEM market opportunity for Infotainment & Telematics chipset vendors rising by 13.2% YoY in revenue terms in 2022.