Automotive HMI Market Size, Share, Growth and Forecast 2021

The Automotive HMI market is projected to grow at a CAGR of 11.93%, from USD 16.01 billion in 2016 to USD 28.13 billion by 2021. The rise in demand for enhanced user experience and convenience features in the automobile industry have fueled the growth of this market. The growth in demand for the connected vehicle is also the major factor which has contributed to the growth of the global market.

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The automotive HMI market consists of various major system manufacturers and software developers. Companies such as Continental AG (Germany), Delphi Automotive PLC (U.K), Valeo S.A. (France), Synaptics Incorporated (U.S), Clarion Co. Ltd (Japan), Magneti Marelli S.P.A (Italy), and Visteon Corp (U.S.) are the system manufacturers in the automotive human machine interface market and companies such as Luxoft Holding, Inc (Switzerland), and Altran Technologies SA (France) are the software and technology providers.

The visual interface technology is estimated to record the largest market size in automotive HMI, by technology. Factors such as innovations in consumer electronics systems, integration of major interfaces in display systems, and consumer preferences are thereby promoting the growth of the visual interface market.

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The head-up display (HUD) segment is estimated to be the fastest growing during the forecast period. With the increased focus on reducing driver workload and driver distractions factors, a majority of the HMI manufacturers and OEMs are focusing on enhancing user experience and providing convenience feature in order to provide better in-vehicle features.

The multimodal HMI segment in automotive HMI, by access type, is estimated to be the fastest growing during the forecast period. Owing to factors such as enhancement of safety and comfort features of the vehicle, and growing demand for Autonomous vehicle.

Mid-priced passenger car segment is estimated to record the largest market size during the forecast period in automotive HMI, by end market in term of volume. However, an emerging trend of enhancing user experience inside the vehicle and reducing driver distraction in a mid-priced passenger car segment has also helped the automotive HMI to grow.

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The Asia-pacific market is estimated to be the largest market with the highest market share of this market by value and volume. The Asian market is projected to be the largest market owing to the increasing vehicle production and sales due to an increase in disposable income in countries like India and China.

Target Audience:

Automotive HMI manufacturers
HMI experts
HMI software developers
Industry experts

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This release was published on openPR.