Automotive Human Machine Interface (HMI) market is Growing in Huge Demand from 2020 to 2026 | Continental AG, Luxoft Holding, Inc., Aptiv PLC , Synaptics Inc. , etc

Increasing demand for connected vehicles from the customers globally as well as the rising adoption of Automotive Human Machine Interface (HMI) by various OEMs are the major factors driving the growth of the Automotive Human Machine Interface (HMI) market.

The Global Automotive Human Machine Interface (HMI) market was valued at USD 21.47 Billion in 2018 and is projected to grow at a CAGR of 8.16% from 2019 to USD 41.42 Billion in 2026. Another factor adding up to the growth of the market is the increasing demand for enhanced user experience and convenience features from customers globally. However, the high cost of the equipment of the HMI components used in the automobile is one of the factor restraining the growth of the market through the forecasted period. Another factor that can restrain the growth of the market is the lingering threat of a cyber-attack in the Automotive HMI components.

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Companies considered and profiled in this market study
Continental AG (Germany), Luxoft Holding, Inc. (Switzerland), Aptiv PLC (Ireland), Synaptics Inc. (U.S.) Viseton Corp. (U.S.), Valeo S.A. (France), Harman International (U.S.), Clarion Co. Ltd. (Japan), Magneti Marelli SPA (Italy), Alpine Electronics Inc. (Japan), Altran Technologies (France), & Voicebox Technologies (U.S.)

Segments covered in the report:

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the Automotive Human Machine Interface Market on the basis of Technology, Product, Access Type, Components, Functions, Vehicle type, Propulsion, and Region:

Technology (Revenue, USD Million; 2016-2026)
Visual Interface
Acoustic Interface

Product (Revenue, USD Million; 2016-2026)
Voice Control Systems
Central Displays
Instrument Clusters
Steering Mounted Controls
Heads up Displays
Rear Seat Entertainment Displays
Multifunction Switches
Others

Access Type (Revenue, USD Million; 2016-2026)
Standard System
Multimodal System

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Functions (Revenue, USD Million; 2016-2026)
Display & Projection
Haptic enabled control
Infotainment
Gesture Control
Driver monitoring
Others

Vehicle (Revenue, USD Million; 2016-2026)
Passenger Vehicle
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)

Propulsion (Revenue, USD Million; 2016-2026)
Electric
Petrol
Diesel

SOME OF THE KEY GEOGRAPHIES MENTIONED IN THIS REPORT INCLUDE:

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.

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Salient Trends of the Automotive Human Machine Interface Market

The Global Automotive Human Machine Interface market is forecast to grow at a rate of 8.16% CAGR to reach a valuation of USD 41.42 Billion in 2026.

Voice Assistants and Voice-guided interfaces are in huge demand as they provide the advantage of reduction of driver distractions. Companies like Apple and Google are getting involved in the market with their offerings like Apple car-play and Android auto.

OEMs are starting to put in functional safety requirements for the capacitive HMI systems as they get more integrated with the critical functions where reliable functioning is necessary.

Electric vehicle segment is forecasted to grow the fastest through 2026 on account of increasing adoption of electric vehicles. The segment is forecasted to reach USD 12.01 Billion by 2026.

North America region is forecasted to occupy the largest share in the market in 2026 on account of increasing demand for sophisticated vehicles in the region. The region is forecasted to grow to USD 17.4 Billion in 2026.

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In conclusion, the Automotive Human Machine Interface (HMI) Market report is a reliable source for accessing the Market data that will exponentially accelerate your business. The report provides the principal locale, economic scenarios with the item value, benefit, supply, limit, generation, request, Market development rate, and figure and so on. Besides, the report presents a new task SWOT analysis, speculation attainability investigation, and venture return investigation.

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