Downward pricing pressure imparted by automakers is coaxing manufacturers active in the automotive seating market to negotiate their sale prices according to the life of a vehicle model with compromising the product quality.
Rockville, MD -- (SBWIRE) -- 11/09/2018 -- Growing of Internet of Things (IoT) coupled with significant demand for vehicle automation will remain instrumental in driving the growth of automotive human machine interface systems market. Sales of automotive human machine interface systems market is also impacted by a number of macroeconomic and industry-specific factors including growing technological advancements with a refocus on sustainability and the 'green movement' albeit various regulatory directives for manufacturers of automotive human machine interface systems market. However, the paradigm shift towards green technology will only impact the market moderately considering high development time for subsidiaries like charging points and efficient, affordable batteries.
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Speaking about the global automotive landscape, Fact.MR predicts that China will continue to remain a go-to destinations for various research and development activities, including pilot runs of products. Although fragmented, China is likely to move towards market consolidation, giving an opportunity to local manufacturers and suppliers to emerge in market-leading positions. Key companies are projected to set up R&D facilities in China.
Fact.MR foresees that the demand for automotive human machine interface systems is projected to expand at a promising pace representing a sizeable CAGR in terms of value during the assessment period of 2017 to 2022.
Soaring demand for in-car infotainment systems will translate into increased sales of automotive human machine interface systems by 2022. Used for navigation, communication, and entertainment, infotainment systems uses human machine interface systems, connected through devices and software, to enable seamless human interaction with automated systems in vehicles. Largely adopted in ultrahigh-end luxury segment cars, human machine interface-powered infotainment systems provides a holistic in-car experience. However, Fact.MR envisages that automakers will soon begin to target high-end and mid-segment cars and deploy human machine interface systems, especially in APEJ and North America.
Increasing penetration of connected mobile phones uses in vehicles for navigation and communication is likely to influence market growth over the forecast period. Advancements like supervisory control and data acquisition (SCADA) and alarming, receiving and sending information, and integration with enterprise-resource handling systems will further drive the global automotive human machine interface systems market. Manufacturers working on efficient and sophisticated mix of design and layout coupled with tactile and ergonomic response system for optimal user experience will drive human machine interface implementation, predicts Fact.MR.
Lightening innovations to make connected cars the future of communication and interaction with other devices in the technology-driven environment, is projected to be a key driving factor heightening the demand for automotive human machine interface systems in the coming years. Moreover, the ability to enhance the driver's in-car experience and ensure seamless interaction between the vehicle and its passengers is likely to complement the increasing sales of automotive human machine interface systems, further ensuring safe and rich on-road experience with diverse communication.
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Increasing Clamor around In-Car Infotainment Likely to Fuel HMI Demand
Increasing demand for information and entertainment sources during the commute coupled with smartphones having bridged the gap between vehicle and products offering home automation systems and in-car navigation systems is a likely factor setting the future tone for increased sales of automotive human machine interface systems. Moreover, the growing integration of electronics and vehicles and vehicles and networks has brought innovations opportunities for supplier, OEMs, and aftermarket companies. Product innovation in the technologically advancing automotive landscape is the way forward for incumbent players in this space to defend their market positions.
Product Innovations Creating Significant Opportunities
Display panels spread over dashboards, center stacks, and head ups, illuminating surfaces for information transfer extending blind sport warnings to the driver, and using window as interactive screens proving seamless communication between driver, car, and the environment like emergency warning cases are some key technological innovations that are likely to be deployed in automotive human machine interface system components. However, driver distraction is an issue anticipated to restrict the automotive human machine interface systems adoption in the foreseeable future. Strict mechanisms to avoid any unfavorable in-car feature, especially when the car is in motion is a key challenge that the automakers and suppliers of automotive human machine interface systems are anticipated to address.
Growing Consumer Inclination towards Connected Phones Could Mean Trouble for Automakers Offering HMI systems
Rapid adoption of smartphone mirroring is continually pushing automakers to rethink their strategies around in-car connectivity. Existing inefficiencies and poor execution pertaining to existing touchscreens and voice-based systems in an in-car automotive human machine interface system is resulting in significant consumer shift towards smartphone applications through an on-board speech recognition system. OEMs and suppliers are increasingly focusing on enhancing the user experience, in a bid to move data connection form the device to vehicles.
Competitor Insights – Global Automotive Human Machine Interface Systems Market
In an extensive market analysis, Fact.MR has studied some key players in global automotive human machine interface systems market and their key growth strategies during the assessment period of 2017-2022. Key market players identified in the report on global automotive human machine interface systems market include Delphi Automotive Plc., Denso Corporation, Valeo SA., Saint-Gobain SA, Honeywell International Inc., Magneti Marelli S.P.A, and Nippon Seiki CO. Fact.MR envisages that technological innovations resulting in new product development (NPD) will remain a key strategy shaping future of global automotive human machine interface systems market. In the report, Fact.MR also throws light on various product development, giving an overview of the product portfolio. Mergers and acquisitions to expand business footprint will also remain a key strategy.
Table of Content:
Chapter 1. Global Automotive Human Interface System Market - Executive Summary. 14
Chapter 2. Global Automotive Human Interface System Market Overview. 16
2.1. Introduction. 16
2.1.1. Global Automotive Human Interface System Market Taxonomy. 16
2.1.2. Global Automotive Human Interface System Market Definition. 16
2.2. Global Automotive Human Interface System Market Size (US$ Mn) and Forecast, 2012-2022. 17
2.2.1. Global Automotive Human Interface System Market Y-o-Y Growth. 17
2.3. Global Automotive Human Interface System Market Dynamics. 17
2.3.1. Drivers. 17
126.96.36.199. Shift Toward Green Technology. 17
188.8.131.52. Innovations in Technology. 18
184.108.40.206. The Influence of China. 18
2.3.2. Trends. 18
220.127.116.11. Adoption of New Mobility Solutions. 18
18.104.22.168. Focus on Granular Insights – City-wise Analysis will Replace Region-wise Analysis. 18
22.214.171.124. Rising Complexity Influencing Greater Emphasis on Platforming. 19
126.96.36.199. Meeting Emission Guidelines will Gain Prominence. 19
2.4. Supply Chain. 20
2.5. Cost Structure. 20
2.6. Pricing Analysis. 20
2.7. List of Distributors. 21
2.8. Key Participants Market Presence (Intensity Map) By Region. 21
Chapter 3. Global Automotive Human Interface System Market Analysis and Forecast By Product Type. 22
3.1. Global Automotive Human Interface System Market Size and Forecast By Product Type, 2012-2022. 22
3.1.1. Voice Control Automotive Human Interface System Market Size and Forecast, 2012-2022. 22
188.8.131.52. Revenue (US$ Mn) Comparison, By Region. 22
184.108.40.206. Market Share Comparison, By Region. 24
220.127.116.11. Y-o-Y growth Comparison, By Region. 24
3.1.2. Central Display Automotive Human Interface System Market Size and Forecast, 2012-2022. 25
18.104.22.168. Revenue (US$ Mn) Comparison, By Region. 25
22.214.171.124. Market Share Comparison, By Region. 27
126.96.36.199. Y-o-Y growth Comparison, By Region. 28
3.1.3. Steering Mounted Control Automotive Human Interface System Market Size and Forecast, 2012-2022. 28
188.8.131.52. Revenue (US$ Mn) Comparison, By Region. 28
184.108.40.206. Market Share Comparison, By Region. 30
220.127.116.11. Y-o-Y growth Comparison, By Region. 31
3.1.4. Instrument Cluster Automotive Human Interface System Market Size and Forecast, 2012-2022. 31
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