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Automotive HMI Market Research Report by Product, Interface, Access, End-Use and Geography - Growth and Demand Forecast to 2023
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On the basis of access, the automotive HMI market is categorized into multimodal HMI and standard HMI. Standard HMI access has been accounting for a larger revenue share in the global market till now. During the forecast period, multimodal HMI is expected to witness faster growth, due to increasing demand for premium and comfort features in passenger cars.
On the basis of product, the global automotive HMI market is categorized into instrument clusters, touch screen display, head-up displays (HUD), steering mounted controls, rear seat entertainment (RSE) units, and multifunction switches.
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Of all interfaces in the automotive HMI market, the fastest growth in sales volume during the forecast period will be witnessed by the visual category. This is attributed to the increased demand for convenient features and adaptive solutions, along with the increasing focus of carmakers on reducing distractions provided by visual interfaces such as instrument clusters and touch screen displays.
Asia-Pacific has been contributing the highest revenue in the automotive HMI market, followed by Europe and North America. Continuous infrastructural developments coupled with industrial development activities in emerging economies have opened new avenues, creating several opportunities in the region for automotive OEMs. Due to increasing living standards and growing passenger car penetration, India is expected to be the fastest growing market in the region, during the forecast period.
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Some of the major players in the global automotive HMI industry are Panasonic Corporation, Robert Bosch GmbH, Delphi Automotive PLC, DENSO Corporation, Continental AG, Texas Instruments Inc., Visteon Corporation, Alpine Electronics Inc., EAO AG, and Yazaki Corporation.
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