Automotive HMI Market has a significant scope for growth and is expected to cross 28.13 Billion by 2021. The reports forecast the automotive hmi market by technology, product, function, and region
Northrook, IL -- (SBWIRE) -- 11/04/2019 -- "Automotive HMI Market by Technology (Visual and Acoustic), Product (Voice Control, Central Display, Instrument Cluster, Steering Mounted Control, HUD, RSE Display), Access, Light Duty Vehicle Type, Function, and Region - Global Forecast to 2021", The Automotive HMI market is projected to grow at a CAGR of 11.93%, to reach USD 28.13 billion by 2021.
Technological advancements in current generation automotive HMI along with the increasing trend of the connected and autonomous vehicles are further expected to drive the automotive human-machine interface market. The whole ecosystem is working on introducing the latest technology. For instance, the majority of the players are currently developing multimodal HMI systems by integrating the multiple interfaces and creating a holistic HMI system.
The major players such as Continental AG (Germany), Luxoft Holding, Inc. (Switzerland), Delphi Automotive PLC (U.K.), Valeo S.A. (France), Synaptics Incorporated (U.S.), Clarion Co. Ltd. (Japan), Magneti Marelli S.P.A (Italy), Alpine Electronics, Inc. (Japan), Altran Technologies S.A. (France), and Visteon Corp. (U.S.) are the automotive HMI manufacturers that have been covered in this study.
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Asia-Pacific region is projected to be the largest market in the Automotive HMI market, owing to increased demand for automobiles with rising disposable income in countries such as China and India. The Asia-Pacific automotive HMI market is dominated by China, which is the key market for automobiles in the region owing to increased demand for automobiles and growth in per capita income in the country.
The visual interface technology is estimated to record the largest market size in automotive HMI, by technology. Factors such as innovations in consumer electronics systems, integration of major interfaces in display systems, and consumer preferences are thereby promoting the growth of the visual interface market.
The head-up display (HUD) segment is estimated to be the fastest-growing during the forecast period. With the increased focus on reducing driver workload and driver distractions factors, a majority of the HMI manufacturers and OEMs are focusing on enhancing user experience and providing convenience features in order to provide better in-vehicle features.
The multimodal HMI segment in automotive HMI, by access type, is estimated to be the fastest-growing during the forecast period. Owing to factors such as enhancement of safety and comfort features of the vehicle, and growing demand for Autonomous vehicle.
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The mid-priced passenger car segment is estimated to record the largest market size during the forecast period in automotive HMI, by end market in terms of volume. However, the emerging trend of enhancing user experience inside the vehicle and reducing driver distraction in the mid-priced passenger car segment has also helped the automotive HMI to grow.
- Automotive HMI manufacturers
- HMI experts
- HMI software developers
- Industry experts