This market report suggests that global market is supposed to witness a moderately higher growth rate during the forecast period. This renovation will mainly take place due to the actions of key players or brands like developments, product launches, joint ventures, mergers and acquisitions. This also leads to change the view of the global face of the industry. The data of this Automotive HMI report is represented with the tables, charts and graphs for better understanding.
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Automotive HMI (human machine interface) can be defined as a software or machine interface for automobiles and vehicles that allows the user of the software for the control of the vehicle and the connected components/sensors. These software or technology are installed in the vehicle so that the user can be equipped with an ease of comfort.
Automotive HMI Market is expected to rise from its initial estimated value of USD 20.05 billion in 2018 to an estimated value of USD 48.76 billion by 2026, registering a CAGR of 11.75% in the forecast period of 2019-2026. This rise in market value can be attributed to the rising levels of adoption by original equipment manufacturers and growth in connected vehicles.
Few of the major competitors currently working in the automotive HMI market are Continental AG, Delphi Technologies, Valeo, Synaptics Incorporated, Clarion, Magneti Marelli S.p.A., Visteon Corporation, LUXOFT, ALTRAN, HARMAN International, Alpine Electronics Inc., Nuance Communications Inc., EAO AG, DENSO CORPORATION, Socionext Inc., Tata Elxsi, YAZAKI Corporation, Robert Bosch GmbH, Panasonic Corporation, Texas Instruments Incorporated, and Airbiquity Inc.
- Rising levels of disposable income increasing the preference of ease of use and rising consumer enriching experiences is expected to drive the market growth
- Growing levels of adoption by the original equipment manufacturers is expected to drive the market growth
- High levels of cost for HMI systems is expected to restrain the market growth
- Risks related to hacking and increase in vulnerable nature of vehicles against cyber security attacks is also expected to restrain the market growth
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Key Developments in the Market:
- In November 2016, Delphi Technologies in collaboration with Intel and Mobileye announced that they would develop self-driving autonomous cars solutions. This collaboration was aimed at developing self-driving software and sensor components for the vehicles.
- In September 2016, Continental AG announced the launch of ProViu Detect which is expected to help commercial vehicles in making a right turn as the sensors and cameras involved with the system inform the driver of any oncoming traffic and any risk of collision.
Segmentation: Global Automotive HMI Market
- By Technology
- Visual Interface
- Acoustic Interface
- By Product
- Voice Control Systems
- Central Displays
- Instrument Clusters
- Steering Mounted Controls
- Head-Up Display (HUD)
- Rear Seat Entertainment (RSE)
- Multifunction Switches
- By Access Type
- Standard HMI
- Multimodal HMI
- By End-Market
- Economic Passenger Cars
- Mid-Price Passenger Cars
- Luxury Passenger Cars
- By Function Type
- Primary HMI
- Secondary HMI
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
Global automotive HMI market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive HMI market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa
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