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Automotive human machine interface market is revolutionizing the automotive industry

07-10-2019 04:37 PM CET | IT, New Media & Software

Press release from: Global Market Insights Inc.

Automotive Human Machine Interface Market

Automotive Human Machine Interface Market

The factors driving the automotive human machine interface market growth include the growing demand for smart vehicles that have integrated infotainment systems, which provide a combination of information and entertainment for an enhanced user experience. The widespread use of Advanced Driving Assistance Systems (ADAS) to enable better fleet management and ensure vehicle and driver safety will also propel the automotive human machine interface market growth. Another factor augmenting the market growth is the shifting consumer trends toward luxury cars due to a rise in the disposable income.

The integration of smartphones with the infotainment systems of vehicles has also increased the demand for multi-modal in-car interfaces. The automakers are using app integration by implementing various in-vehicle platforms, which allow users to simultaneously use music, messaging, and navigation software. This will fuel the growth of the automotive human machine interface market.

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Automotive human machine interface market is projected to surpass USD 27 billion by 2024. HMI systems allow real-time human-to-machine or machine-to-machine interaction to enable the vehicle operators to collect information about the status and performance of the vehicle. These systems are being deployed increasingly to enhance every aspect of the in-car experience by improving safety, remote diagnostics, and speech assistance.

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.

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.

The integration of smartphones with the infotainment systems of vehicles has also increased the demand for multi-modal in-car interfaces. The automakers are using app integration by implementing various in-vehicle platforms, which allow users to simultaneously use music, messaging, and navigation software. This will fuel the growth of the automotive human machine interface market.

As per the access type, the multimodal interface segment is expected to witness the highest growth with a CAGR of around 20% throughout the forecast timeline. These systems allow users to use more than one mode such as speech, haptic interaction, and visuals at a time to interact with the system, reducing driver distraction. The increasing demand for safety and comfort features in the cars will foster the automotive human machine interface market growth.

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The automotive human machine interface market in Europe is projected to register an accelerated growth with a CAGR of over 13% during the forecast period. An increase in the production of passenger cars and commercial vehicles is expected to fuel the demand for integrated infotainment systems that provide information and entertainment for an enhanced, in-vehicle experience.

The competition in the automotive human machine interface market is expected to intensify over the forecast timeline. The market growth is driven by huge investments made by government agencies, automakers, and tech giants in the emerging automotive technologies. The global automakers are expanding their line up by opening new production facilities.

North America is projected to hold a market share of about 20% in 2024 due to an increase in the number of several connected vehicles that are equipped with smart interfaces and advanced technology platforms to improve the overall driving experience. Several benefits including driver assistance and smart traffic control associated with the use of IoT platforms in vehicles will drive the demand for HMI systems.

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: 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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