Rockville, MD -- (SBWIRE) -- 03/21/2018 -- Human machine interface systems enable rich infotainment features in vehicles such as GPS navigation, the internet, and information, facilitating long distance travel. One of the major key trends observed in the global automotive human machine interface market is soaring demand for automotive infotainment. Infotainment devices are used for communication, navigation, and entertainment in automobiles, influencing demand for telematics devices.
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The Fact.MR report on global automotive human interface systems market predicts the market to reach US$ 27 Bn value by 2022-end, reflecting a healthy CAGR during 2017-2022.
Innovation Critical in Automotive Human Interface System Market
Technology should have an outsized impact on the automotive industry in the 21st century. While driverless vehicles and autonomous technology are some time away, the incorporation of incremental innovative features such as alternative powertrains, emergency braking, internet connectivity, and hybrid vehicles will definitely benefit the automotive human interface system market. Technological advancements are a double-edged sword for auto suppliers and OEM's. Those who adapt quickly can thrive while those who don't risk being left behind in the automotive human interface system market. The vast majority of suppliers and OEM's are well-aware of the inevitable disruption and are taking the necessary steps to prepare for it, but a first mover's advantage may make all the difference. The automotive human interface system market is predicted to grow to more than US$ 27 billion in 2022 with a robust CAGR.
Target Central and Heads-up Display in Automotive Human Interface System
The two most important segments by product type in the Automotive Human Interface System are the Central Display and the Heads-up Display. Together, they comprise more than half the revenue share in the Automotive Human Interface System and OEM's have begun to focus actively on these two segments. The Central Display segment is poised to witness a stellar CAGR and be worth almost US$ 8 billion by the end of the forecast period. The APEJ region contributes roughly two-fifth to the Central Display segment in the Automotive Human Interface System and is anticipated to retain its share. Even the Heads-up Display segment in the Automotive Human Interface System is quite dynamic and it is projected to be worth more than US$ 4 billion in 2017 itself. While APEJ is the largest regional contributor, companies could target North America or Europe as they have an affluent population that is more willing to try or able to afford the latest technology in the Automotive Human Interface System.
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Focus on Sedan Segment in Automotive Human Interface System Market
Carmakers typically incorporate the latest technologies in the Automotive Human Interface System market in their flagship products. Therefore, the sedan and luxury segment have a greater market potential than compact cars. The Sedan/ SUV segment represented more than two-fifth revenue share by passenger car type segment in the Automotive Human Interface System market and APEJ alone is estimated to be worth nearly US$ 4.5 billion by the end of the forecast period. The luxury segment is an equally attractive prospect as it is likely to grow to more than US$ 8.5 billion in 2022. Carmakers would be advised to focus on both APEJ and North America if they seek to target the luxury passenger car segment in the Automotive Human Interface System.
Aftermarket Channel Largest in Automotive Human Interface System Market
The aftermarket segment comprises roughly two-third revenue share by sales channel segment in the Automotive Human Interface System market and it could be a market of nearly US$ 20 billion by end 2022 which OEM's must take into consideration while devising their long-term strategies.
Competition Tracking
The report has also profiled leading players in the global market for automotive human interface systems, which include companies such as Delphi Automotive PLC, Valeo S.A., Synaptics Incorporated, Honeywell International Inc., Visteon Corp., Altran Technologies S.A., Denso, Nippon Seiki, Alpine Electronics,Co., ltd, Magneti Marelli S.P.A, and Saint-Gobain SA.
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