In terms of volume, the market is expected to reach 380.5 million units by 2021. The major factors responsible for the growth of the automotive HMI market are the increase in adoption by OEMs, rising demand for enhanced user experience and convenience features, and technological advancements.

Northbrook, IL -- (SBWire) -- 05/13/2019 --The rise in demand for enhanced user experience and convenience features in the automobile industry have fueled the growth of automotive HMI market. The growth in demand for the connected vehicle is also the major factor which has contributed to the growth of automotive HMI market.

The Automotive HMI Market is projected to grow at a CAGR of 11.93%, from USD 16.01 billion in 2016 to USD 28.13 billion by 2021.

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 feature in order to provide better in-vehicle features.

The multimodal HMI segment in automotive HMI market, by access type, is estimated 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.

The visual interface technology is estimated to record the largest market size in automotive HMI market, 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.

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Major Developments:

In September 2016, Continental AG developed a system which assists truck drivers while making the turn. The system is named as ProViu Detect which eliminate the risk of the blind spot and work actively to warn the driver in the situation of a collision, making the drive safer for the driver as well for the passengers.

In October 2016, Valeo S.A. acquired a 50% capital stake of CloudMade (U.K.). CloudMade is a startup which develops smart and innovative automotive solutions. Valeo's investment in CloudMade would prove as financial and technological support for more innovative developments.

In November 2016, Delphi collaborated with Intel and Mobileye for self-driving cars. Intel would provide specialized computer chips to Delphi, an auto supplier and Mobileye would provide vision systems for self-driving technology.

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The automotive HMI market consists of various major system manufacturers and software developers. Companies such as Continental AG (Germany), Delphi Automotive PLC (U.K), Valeo S.A. (France), Synaptics Incorporated (U.S), Clarion Co. Ltd (Japan), Magneti Marelli S.P.A (Italy), and Visteon Corp (U.S.) are the system manufacturers in the automotive HMI market and companies such as Luxoft Holding, Inc (Switzerland), and Altran Technologies SA (France) are the software and technology providers.