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India Automotive HMI Market Overview by Product, Interface, Access, End-Use, Region, Growth, and Demand Forecast, 2013-2023 Including Key Players Visteon Corporation, Panasonic Corporation, Continental AG, Robert Bosch GmbH, DENSO Corporation, Nippon Seik
The growth of the market is majorly driven by the growing in-vehicle connectivity, rising demand for enhanced user experience and safety features, and increasing passenger car sales in the country.
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The HMI sales in the country is evenly distributed in the northern, southern and western regions of the country, with the western part of the country accounting for the maximum share, contributing more than 28% in automotive HMI market in 2017. The HMI sales in the eastern region of the country remains low, due to lower economic growth and low income levels in this part of the country.
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Additionally, increasing urbanisation in the country is leading to growing demand for passenger cars from Tier1 and Tier2 cities in the country. According to the census data, the population residing in urban areas increased from 28.5% in 2001 to 31.2% in 2011. Rising passenger car sales is increasing the sales of HMI products such as steering mounted controls, touch screen displays, and RSEs, thus, benefiting the Indian automotive HMI market.
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Some of the major players operating in the Indian automotive HMI industry are Visteon Corporation, Panasonic Corporation, Continental AG, Robert Bosch GmbH, DENSO Corporation, Nippon Seiki Co. Ltd., Alpine Electronics Inc, Alps Electric Co., Ltd, Omron Corporation, ZF Friedrichshafen AG and Valeo SA.
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