The Global Automotive HMI Market Size is valued at 5.64 billion in 2022 and is predicted to reach 11.67 billion by the year 2031 at an 8.6% CAGR during the forecast period for 2023-2031.
The technologies and systems that allow interaction between a driver or passengers and the different operations and features of a vehicle are referred to as automotive HMI or Human-Machine Interface. It includes the graphical interfaces, controls, and displays that allow communication and control in an automobile. Several dynamic elements shape the automotive HMI market's growth and development.
Rapid technological improvements, such as enhanced display systems, touchscreens, voice recognition, gesture control, and augmented reality, are propelling the evolution of automotive HMI. Manufacturers are always inventing in order to deliver more intuitive and user-friendly interfaces, hence improving the whole driving experience.
However, due to lockdowns, limitations, and economic uncertainty, the automotive industry had a major drop in production and sales during the epidemic. As a result, demand for automotive HMI systems has been impacted, with reduced rates of adoption of new vehicles equipped with advanced HMI features.
Competitive Landscape:
Some of the major key players in the Automotive HMI Market are:
- 3M
- Actia Corporation
- Alpine Co. Ltd.
- Aptiv
- Bosch Global Software Technologies Pvt. Ltd.
- Continental Ag
- Delphi Automotive Plc (U.K)
- Denso Corporation
- EAO Ag
- Faurecia Clarion Electronics
- Forciot Oy Ltd.
- Harman International
- Infineon Technologies Ag
- Intellias Llc
- Luxoft Holding Inc. (Switzerland)
- Marelli Holdings Co., Ltd.
- Panasonic Holdings Corporation
- Rightware Inc.
- Robert Bosch Gmbh
- Synaptics Incorporated
- Tata Elxsi
- Valeo
- Visteon Corporation
- Voicebox Technologies (U.S.)
Market Segmentation:
The Automotive HMI Market is segmented on the basis of product, technology, access type, display size, and vehicle type. Product segment includes voice recognition system, rotary controllers, gesture recognition, touch screen display, instrument cluster display, steering mounted control system, head-up display, multifunction switches. Access type segment includes standard HMI system, multimodal HMI system. Technology segment includes visual interface, acoustic interface, Display Size segment includes <5”, 5–10”, >10”, Vehicle type segment includes passenger cars, light commercial vehicles.
Based On Product, The Central Display Segment Is Accounted As A Major Contributor In The Automotive HMI Market
The central display category is expected to hold a major share of the global Automotive HMI Market in 2022. During the forecast period, the central touchscreen display is expected to lead the vehicle, HMI Market. Drivers and passengers can use central touch screens with a user-friendly interface to access and manage numerous vehicle operations and settings.
The simplicity, interactivity, and easy navigation of these touch screens improve the overall user experience. Because of technical developments and the introduction of cutting-edge functions such as navigation, media playing, and smartphone connectivity, central touch displays have gained popularity as a desired feature in cars. Automobile manufacturers are preparing to expand the automotive HMI market in order to fulfil the growing demand for central touchscreen displays, which is driving innovation and new advances in the sector.
The Visual Segment Witnessed Growth At A Rapid Rate
The visual segment is projected to grow rapidly in the global Automotive HMI Market. Visual technology is essential in the Automotive HMI (Human-Machine Interface) sector because it improves the user experience and allows for intuitive communication among drivers, passengers, and the car. HUDs project information onto the windscreen or a transparent screen in front of the driver, improving safety and decreasing driver distraction. HUDs display critical information such as speed, navigation instructions, and collision warnings right in the driver's line of sight, reducing the need for the driver to glance away from the road.
In The Region, Asia Pacific Automotive HMI Market Holds A Significant Revenue Share
Asia Pacific Automotive HMI Market is expected to register the highest market share in terms of revenue in the near future. This is primarily due to increased demand from increased automotive manufacturing and sales. Furthermore, demand for connected and electric cars (EVs) is increasing across the Asia Pacific. To provide seamless communication, intuitive controls, and effective administration of EV-specific features, these vehicles require advanced HMIs. As a result, the growing popularity of connected and electric automobiles is driving the adoption of automotive HMI throughout Asia.
The region is also seeing an increase in the need for electric vehicles, which is fueling the demand for automotive HMIs. Furthermore, many of the world's premier automotive technology businesses and manufacturers are headquartered in Asia Pacific, allowing for the development and production of novel HMIs.
Automotive HMI Market Report Scope:
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 5.64 Bn |
|
Revenue Forecast In 2031 |
USD 11.67 Bn |
|
Growth Rate CAGR |
CAGR of 8.6 % from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Product, Technology, Display Size, Access Type, and Vehicle Type |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; South East Asia |
|
Competitive Landscape |
3M, Actia Corporation, Alpine Co. Ltd. , Aptiv , Bosch Global Software Technologies Pvt. Ltd. , Continental Ag, Delphi Automotive Plc (U.K), Denso Corporation, EAO Ag , Faurecia Clarion Electronics, Forciot Oy Ltd. , Harman International , Infineon Technologies Ag, Intellias Llc , Luxoft Holding Inc. (Switzerland), Marelli Holdings Co., Ltd., Panasonic Holdings Corporation, Rightware Inc., Robert Bosch Gmbh, Synaptics Incorporated, Tata Elxsi , Valeo, Visteon Corporation, Voicebox Technologies (U.S.) |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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