Press release
Automotive HMI Market Outlook, Opportunities, Challenges, Trends, Size, Growth Rate and Demand Forecast, 2013-2023
By Product
• Instrument Cluster
• Touch screen display
• HUD
• Steering mounted controls
• RSE
• Multifunction switches
By Interface
• Visual
• Mechanical
• Acoustic
By Access
• Multimodal HMI
• Standard HMI
By End-Use
• Economy
• Medium
• Premium
Global automotive HMI market is projected to attain a size of $29,582.8 million by 2023, registering a CAGR of 13.8% during 2018-2023, according to P&S Intelligence
The increased demand for automotive HMI is mainly led by rising in-vehicle connectivity, increasing sales of premium cars, and growing demand for enhanced safety features.
In terms of revenue, premium cars have been the dominating end-use category in the automotive HMI market, followed by medium and economy cars. As the development cost for advanced HMI systems is high, they majorly get installed in luxury vehicles. Also, as luxury vehicles are highly priced, their market revenues are higher even if their volume sales are lesser than mid-priced cars.
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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.
In the automotive HMI market, a single vendor does not necessarily offer all product categories. Many vendors collaborate with each other for software and hardware components to form the end product. Moreover, the markets for HMI products such as steering mounted controls and touch screen display are highly fragmented due to the presence of number of regional and international players.
Access Report Summary with Detailed TOC on "Automotive Human Machine Interface (HMI) Market by Product (Instrument Clusters, Central Display, HUD, Voice Control System, Steering Mounted Controls, RSE Display, Multifunction Switches), by Technology (Visual Interface, Mechanical Interface, Haptic Interface, Acoustic Interface, Others), by Access Type (Multimodal, Standard), by End-Use (Mid-Price Passenger Cars, Luxury Passenger Cars, Economic Passenger Cars) – Global Market Size, Share, Development, Growth and Demand Forecast, 2013-2023" at: https://www.psmarketresearch.com/market-analysis/automotive-hmi-market
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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