Press release
Automotive Human Machine Interface Market 2024 Key Information by Top Key Players Alpine Electronics, Valeo, SA, Bosch Mobility Solutions, Clarion Co., Ltd, Continental AG, Denso Corporation, EAO AG, Harman International, Johnson Controls
The data in this Automotive Human Machine Interface (HMI) market research is collated via multiple channels including but not limited to primary and secondary sources, databases, business specific references and others. The study aims to offer not only commercial data but also includes analysis of important factors, technical as well as market-oriented insights. Players in the Automotive Human Machine Interface (HMI) market including established companies, new entrants and everyone in between this industry chain covering suppliers, experts, manufacturers, service providers, traders, distributors, consumers / clients and others may find value in this research. Companies profiled include Alpine Electronics, Altran Technologies, SA, Bosch Mobility Solutions, Clarion Co., Ltd, Continental AG, Denso Corporation, EAO AG, Harman International, Johnson Controls International plc, Luxoft Holdings, Mitsubishi Electric Corporation, Nuance Communications, Inc, Panasonic Corporation, Synaptics Incorporated, Valeo, Yazaki Corporation.
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North America is projected to hold a market share of about 20% in 2024 due to an increase in the number of several connected vehicles that are equipped with smart interfaces and advanced technology platforms to improve the overall driving experience. Several benefits including driver assistance and smart traffic control associated with the use of IoT platforms in vehicles will drive the demand for HMI systems. The demand for automotive HMI is expected to increase over the forecast timeline as a majority of the vendors in this region are introducing new technology-enabled platforms for the vehicles to enhance the inter & intra-vehicular communication.
Automotive HMI Market is projected to surpass USD 27 billion by 2024. HMI systems allow real-time human-to-machine or machine-to-machine interaction to enable the vehicle operators to collect information about the status and performance of the vehicle. These systems are being deployed increasingly to enhance every aspect of the in-car experience by improving safety, remote diagnostics, and speech assistance.
The factors driving the automotive HMI market growth include the growing demand for smart vehicles that have integrated infotainment systems, which provide a combination of information and entertainment for an enhanced user experience. The widespread use of Advanced Driving Assistance Systems (ADAS) to enable better fleet management and ensure vehicle and driver safety will also propel the automotive HMI market growth. Another factor augmenting the market growth is the shifting consumer trends toward luxury cars due to a rise in the disposable income.
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The integration of smartphones with the infotainment systems of vehicles has also increased the demand for multi-modal in-car interfaces. The automakers are using app integration by implementing various in-vehicle platforms, which allow users to simultaneously use music, messaging, and navigation software. This will fuel the growth of the automotive HMI market.
As per the access type, the multimodal interface segment is expected to witness the highest growth with a CAGR of around 20% throughout the forecast timeline. These systems allow users to use more than one mode such as speech, haptic interaction, and visuals at a time to interact with the system, reducing driver distraction. The increasing demand for safety and comfort features in the cars will foster the automotive HMI market growth.
The competition in the automotive HMI market is expected to intensify over the forecast timeline. The market growth is driven by huge investments made by government agencies, automakers, and tech giants in the emerging automotive technologies. The global automakers are expanding their line up by opening new production facilities. They are also entering into strategic partnerships and agreements to develop the next-generation in-car infotainment solutions. Increasing investments by the automakers in Artificial Intelligence (AI) and cloud technology further contribute to the growth of the market.
Table of Content:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Automotive HMI Industry Insights
Chapter 4. Competitive Landscape, 2017
Chapter 5. Automotive HMI Market, By Product
Chapter 6. Automotive HMI Market, By Interface Type
Chapter 7. Automotive HMI Market, By Vehicle Type
Chapter 8. Automotive HMI market, By Access Type
Chapter 9. Automotive HMI market, By Region
Chapter 10. Company Profiles
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