Press release
How Will Increased Emphasis On Vehicle Safety Propel Automotive Human Machine Interface Market Share?
Automotive Human Machine Interface Market
Worldwide automotive human interface market size is expected to exceed USD 27 billion by 2024.
Number of infotainment features has multiplied in last few years driven by advancements in consumer electronics and other interrelated technologies. In addition, fast-track penetration of smartphones & cloud-based platforms have further supported automotive HMI market growth by facilitating seamless transmission of information.
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Substantial investment towards developing advanced in-car infotainment solutions and increasing adoption of contemporary technologies such as Artificial Intelligence (AI) are likely to further intensify automotive HMI market trends.
How is increasing deployment in passenger cars fueling automotive human machine interface market?
Automotive OEMs are emphasizing on increasing the safety and comfort quotient in passenger cars, which is fueling automotive human machine interface market trends. Due to increased consumer demand for premium cars equipped with high-end multi-media devices, OEMs are progressively incorporating HMI systems within passenger cars. Automotive Human Machine Interface Market share from passenger car will procure almost 75% of global share by 2024.
How will increased demand for HUDs propel automotive human interface market?
Head-up Display (HUDs) systems have attained remarkable traction in automotive HMI space as these systems help to reduce driver distraction by displaying navigation information and warning signals directly in the driver's line of sight. HUD systems are finding widespread deployment across passenger as well as commercial vehicles. As per estimates, HUD segment is likely to exhibit the fastest CAGR of 21% over 2018-2024.
How is augmenting demand for multimodal interface contributing to automotive human machine interface market volume?
Rise in in-car engagement options subject drivers to accidents, which has fueled the demand for multimodal HMI. Multimodal interface access is gaining widespread traction as these systems not only allow users to use more than one mode at a time, but also seamlessly switch from one interaction mode to another, thereby serving as an excellent means to reduce driver distraction.
Moreover, multimodal systems are capable of recognizing inputs from human voice, touch, gesture, and vision. Automotive OEMs are progressively substituting traditional controls with modern multimodal systems such as gesture control, touch screen, haptic feedback, voice control, and others. Multimodal interface access segment is anticipated to exhibit the highest CAGR of around 20% over 2018-2024 and procure 55% of global share by 2024.
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What is favoring automotive human machine interface market trends in North America?
North America region has witnessed noteworthy proliferation of connected and autonomous cars in recent years, which is favoring automotive HMI market trends in the region. Given the affinity of regional automakers towards latest technologies, OEMs are incorporating next-gen technologies to improve infotainment & communication experiences in vehicle. Moreover, vendors in the automotive HMI space are focused on introducing new technology enabled platforms and are investing heavily on the same. North America automotive HMI market is likely to procure a market share of more than 20% by 2024.
That being said, Asia pacific automotive HMI market is also likely to showcase noteworthy expansion in the coming years. Increased demand for high-end cars in the developing countries such as China and India have prompted regional OEMs to integrate sophisticated technologies in vehicles to cater to the augmenting consumer demand for an enhanced in-vehicle experience.
Additionally, automobile companies in the region are directing substantial R&D efforts towards the development of various vehicle technologies such as ADAS and autonomous driving, which is estimated to fuel market size. Asia pacific automotive HMI market is slated to register the highest CAGR of 15% over 2018-2024.
Table of Contents (ToC) of the report:
Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope
1.1.5. Definition
1.1.6. Methodology and forecast parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
1.2.2.1. Paid sources
1.2.2.2. Public sources
Chapter 2. Automotive Human Machine Interface Market Summary
2.1. Automotive HMI industry 360º synopsis, 2013- 2024
2.1.1. Regional trends
2.1.2. Interface type trends
2.1.3. Vehicle type trends
2.1.4. Access type trends
2.1.5. Product trends
Chapter 3. Automotive HMI Industry Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Industry landscape, 2013-2024
3.4. Automotive HMI ecosystem analysis
3.4.1. HMI component providers
3.4.2. HMI software providers
3.4.3. HMI solution providers
3.4.4. Automotive manufacturers
3.4.5. Distributors
3.4.6. End users
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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
About Global Market Insights, Inc.
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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