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At 12% CAGR Automotive Human Machine Interface Market to exceed $27bn by 2024 Industry Analysis Report | By Top Key players - Alpine Electronics of America, Inc., Altran, Clarion, Continental, DENSO, HARMAN International, Johnson Controls, Luxoft, Magneti
Automotive Human Machine Interface Market
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The multimodal interface segment is projected to hold a dominant share of around 55% in 2024 in the automotive human machine interface (HMI) market. In smart vehicles, the infotainment systems work either on the commands of the user or programmed all by itself within the automobile.
These systems can take inputs from humans in the form of voice, gestures, touch, and vision. The multimodal interaction in these vehicles helps in enhancing the user experience by enabling the user to shift seamlessly from one interaction mode to another. This also helps in minimizing driver distraction and ensuring driver’s safety by combining visual cues and audio through a single platform. The huge adoption of such interfaces in the new car models will fuel the growth of the automotive human machine interface market.
Automotive HMI Market, By Product Type
o Instrument Cluster
o Multifunction Switches
o Steering-mounted Controls
o Central Display
o Rear-seat Entertainment Display
o Head-up Display (HUD)
Automotive HMI Market, By Interface Type
o Visual
o Acoustic
o Mechanical
Automotive HMI Market, By Vehicle Type
o Passenger Vehicle
o Commercial Vehicle
Automotive HMI Market, By Access Type
o Standard Interface
o Multimodal Interface
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Automotive HMI Market size is set to exceed USD 27 billion by 2024; according to a new research report by Global Market Insights, Inc.
The automotive human machine interface market growth is attributed to the surge in demand for HMI technologies in the vehicle’s infotainment system to provide speech assistance, gesture & touch-enabled interfaces, web & mobile integration along with excellent user experience, and ease-of-use.
HMI systems are widely used in automobile applications as a means of transmitting huge amounts of vehicle’s internal & external environment-related information to the driver, enabling smooth interaction between the driver and the vehicle. The growing penetration of smartphones and cloud-based platforms has also facilitated the seamless sharing of vehicle-related information by making use of various mobile apps. These platforms enable car-to-car communication and help the automakers to provide a wide range of services such as a personal assistant, on-board media streaming, and predictive maintenance services.
Browse key industry insights from the report, “Automotive Human Machine Interface (HMI) Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/automotive-hmi-market
HUDs are expected to show the fastest growth with a CAGR of around 21% in the automotive human machine interface market. HUDs help in reducing driver distraction by displaying warning signals and navigation information directly in the driver’s line of sight. The increased adoption of these devices to keep drivers focused on the road, ensuring their and the passengers’ safety will lead to its growing deployment in the passenger and commercial vehicles.
In the global automotive human machine interface (HMI) market, the acoustic interfaces segment is projected to observe the highest adoption rate with a CAGR of approximately 15% throughout the forecast timeline. The increased implementation of the speech recognition technology to give the command or to control the features of the vehicle’s infotainment systems will accelerate the market growth. Among all the acoustic interfaces, beepers were the first to be used for warning functions such as speed limit, safety warnings, comfort feedbacks, and parking assistance.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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