Global Automotive Human Machine Interface market to grow at a CAGR of 11.25% over the period 2014-2019
Deerfield Beach, FL -- (SBWIRE) -- 08/21/2015 -- Global Automotive Human Machine Interface market to grow at a CAGR of 11.25% over the period 2014-2019. HMI systems are a combination of software and hardware that provide an interface between automated systems and humans by using HMI software or HMI panels. It helps operators interact with automated systems in vehicles and understand the plant floor automation process. HMIs are widely used in high-end vehicles and are expected to be introduced into low-cost vehicles over the coming years. They provide inputs and monitor, control, and check various parameters of control systems in vehicles. The Global Automotive Human Machine Interface market is currently experiencing a rapid growth. The majority of the market growth stems from the Americas.
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Advanced systems that were widely accepted in high-end vehicles are being introduced in low-cost vehicles as well. One of the major trends is an increase in automobile production and the increased usage of infotainment devices in this regard. Increasing penetration of Human Machine Interface (HMI) systems in the Low-cost Cars segment has resulted in low-cost navigation systems and the integration of smartphone apps in cars.
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Suppliers such as Continental and Robert Bosch are working closely with OEMs to develop low-cost systems for the Medium-sized Cars and Compact Cars segment because these segments are helping HMI systems vendors to attain economies of scale and reduce the price of HMI systems.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Automotive Human Machine Interface market for the period 2015-2019. This report considers 2014 as the base year and provides data for the 12 trailing months. It also presents the vendor landscape and a corresponding detailed analysis of the top five vendors. In addition, the report discusses the major drivers that influence the growth of the Global Automotive Human Machine Interface market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market
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"Infotainment devices are used for communication, entertainment, and navigation and are expected to influence the demand for telematics devices, which will lead to increased market growth of HMI systems,".
"Compact and low cost segment cars equipped with automated manual transmission (AMT) and advanced HMI systems are expected to account for nearly half of the sales in the segment in the forecasted period."
To define the market conditions in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.