Press release
The CAGR of global automotive HMI technologies is expected to be around 13.5% during the year 2018-2027 :Top Keyplayers are Magneti Marelli S.p.A., Delphi Automotive PLC, Continental AG, Robert Bosch, Valeo S.A., Altran Technologies, Visteon Corporation,
Automotive HMI Technologies is the technology in which driver can have communication with the automobile without disturbance while driving the vehicle. Human machine interface is used to convert the data into useful facts. Some of the key features of HMI technologies are speech recognition, customization etc. The added advantage of using HMI is that it connects the driver to outside world and gives the important information such as weather updates, traffic condition etc. The HMI technology is continuously evolving and is used in both expensive and low cost machines. HMI technology is relatively advanced technology which is used in Automobile in order to improve the performance and increase the safety of the people.
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Market Size and Forecast
The CAGR of global automotive HMI technologies is expected to be around 13.5% during the year 2018-2027.It is anticipated that global automotive HMI technologies market be valued at USD 30 Bn by 2027.
The Automotive HMI technologies market is segmented on the basis of product type, technology, access type and vehicle type. On the basis of product type global automotive HMI technologies is segmented into voice control, central display, Instrument cluster and head up display. The head-up display (HUD) segment is projected to be the fastest growing segment during the forecast period. On the basis of technology, it is segmented into visual, acoustic haptic and mechanical. The visual HMI technology is expected to dominate in the future on the account of high application in automotive industry.
By region, global automotive HMI technologies market is segmented into North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Global automotive market is dominated by North America and is expected to be the leading during the forecast period. This is attributed to the high demand for luxury cars in North America. Asia-pacific region is anticipated to witness rapid growth in the upcoming years. Asia Pacific countries such as China and India are investing heavily for developing technologies that is efficient in maintaining safety and security.
Market Segmentation
Our in-depth analysis segmented the global automotive HMI technologies market in the following segments:
By Product type:
Voice Control
Central Display
Instrument Cluster
Head up Display (HUD)
By Technology type:
Visual
Acoustic
Haptic
Mechanical
By Access type:
Standard HMI
Multi-Modal HMI
By Vehicle type:
Passenger vehicle
Commercial vehicle
By Region
Global automotive HMI technologies market is further classified on the basis of region as follows:
North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.
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Growth Drivers and Challenges
High demand from automotive industry on the account of increasing need for safety and security is driving the market growth of automotive HMI technologies. It offers variety of ways to communicate such as touch screen, voice recognition etc., which help the driver to understand the complicated situations and enhances the driving capabilities making it safe for driver to drive without distractions. The technology Advanced driver assistance system (ADAS) uses automatic brake and lane assist is gaining traction in automotive industry. Rapid urbanization , high disposable income and growing population are key drivers for Automotive HMI technology. Companies operating in the HMI technologies market are continuously investing in R&D activities in order to offer advanced technology with differentiated features. Moreover, companies are adopting various strategies in order to expand its foothold across the globe.
Key Players
Denso Corporation
Alpine Electronics, Inc.
Synaptics Incorporated
Clarion Co. Ltd.
Magneti Marelli S.p.A.
Delphi Automotive PLC
Continental AG
Robert Bosch
Valeo S.A.
Altran Technologies
Visteon Corporation
Luxoft Holding, Inc.
Voicebox Technologies
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About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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