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What’s driving the automotive human machine interface market trends? |HARMAN International, Johnson Controls, Magneti Marelli, Panasonic, Synaptics Incorporated, Tata Elxsi, Visteon Corporation, Altran, Continental, Denso

Automotive Human Machine Interface (HMI) Market

Automotive Human Machine Interface (HMI) Market

Automotive HMI Market 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.

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The companies operating in the global automotive human machine interface market are focusing on new product launches along with strategic collaborations and partnerships to leverage their mutual technological capabilities and create innovative service offerings. Some of the prominent automakers including BMW, Volkswagen, Bosch, and Toyota are investing in new technologies to improve the in-car experience and enhance the human-machine interface in the vehicles. The global automakers are also expanding their reach in the markets by establishing new production units. Such strategic initiatives will largely contribute to the growth of the market between 2018 and 2024.

Industry Growth drivers:

1. Growing adoption of automotive IoT
2. Increased adoption of Advanced Driver Assistance System (ADAS) for fleet management
3. Growing production of passenger cars
4. Use of gestures for enhanced human-car interactions
5. Integration of smartphones with vehicles

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1.Alpine Electronics
2. Altran Technologies, SA
3. Bosch Mobility Solutions
4. Clarion Co., Ltd.
5. Continental AG
6. EAO AG
7. Harman International
8. Johnson Controls International plc
9. Luxoft Holdings
10. Magneti Marelli S.p.A.

The passenger vehicle segment will lead the global automotive human machine interface market in 2024 with a share of around 75%. The surge in the production of passenger cars and the ongoing investments by the automakers to boost the autonomous vehicles market will drive the growth of the passenger cars segment. Increased customer demand for premium cars equipped with interactive multi-media systems is expected to trigger the growth of the HMI systems in passenger cars.

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.

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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 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.

Some of the key vendors in the automotive human machine interface market are Alpine, Continental, Altran, Bosch, Clarion, Denso, EAO, Harman, Nuance, Magneti Marelli, Luxoft, Panasonic, Socionext, Tata ELXSI, Valeo, Visteon, and Yazaki.

Browse key industry insights spread across 230 pages with 300 market data tables & 28 figures & charts from the report, “Automotive human machine interface market Size By Product (Instrument Cluster, Multifunction Switches, Steering-mounted Controls, Central Display, Rear Seat Entertainment Display, Head-up Display (HUD)) By Interface Type (Visual, Acoustic, Mechanical), By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Access Type (Standard Interface, Multimodal Interface), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, Sweden, China, Japan, Australia, South Korea, India, Southeast Asia, Brazil, Mexico, Argentina, South Africa, UAE, Saudi Arabia), Growth Potential, Competitive Market Share & Forecast, 2018 - 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/automotive-hmi-market

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

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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