Automotive Human Machine Interface Market Size to Surpass USD 69.22 Billion with a Growing CAGR of 11.04% by 2030

According to Future Market Consulting analysis, Automotive Human Machine Interface Market size was valued at USD 27.45 Billion in 2021 and is projected to reach USD 69.22 Billion by 2030, growing at a CAGR of 11.04 % from 2022 to 2030.

The human-machine interface (HMI) in automotive is a device or application interface that allows programs to control the vehicle and any related components or sensors. These programs or technologies are installed in automobiles to make the driver's life easier. The HMI system is primarily reliant on display units. HMI systems are used to provide both information and entertainment. ADAS systems collect data from various sensors and display it on screens. The displays can be used by the driver to perform actions that aid improve vehicle control. Automobile HMI technology has evolved to the point in which the drivers can communicate with car system in real-time without being distracted while driving. it is quickly expanding as a consequence of the focus on safety, customization, and distraction-free communication. Among the most popular automotive HMI technology includes head-up display devices, central locking, adjustable seat adjustment, and occupant detection.

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Mobile HMIs are becoming increasingly popular as networking becomes more crucial in industrial automation. They enable workers on the factory floor who require knowledge about their machines to interact with technology infrastructure without needing to go back to the operation room or office. Furthermore, mobile devices serve as a gateway for IIoT systems, enabling system configuration to be controlled and monitored regardless of where the object is located. Furthermore, contemporary HMIs enable manufacturing facilities of all sizes to boost productivity through faster performance, wireless integration, and much more insightful user interfaces that promote operator safety. The outlook of HMI is promising, with networking, mobile computing, and automation revolutionizing all facets of plant management.

Key Players
Continental AG
Delphi Automotive PLC
Valeo SA
Synaptics Inc
Clarion Co. Ltd.
Magneti Marelli SPA
Visteon Corp
Tata ELXSI
Harman
Socionext

Automotive Human Machine Interface Market Segmentation
By Interface Technology
Visual Interface
Acoustic Interface
Mechanical
Hybrid Interface

By Function
Standard HMI
Multi-Functional HMI

By Product Type
Instrument Cluster
Head-Up Display
Steering Mounted Control
Voice Control System
Infotainment System

By Vehicle Price
Economic Vehicle
Mid-Priced Vehicle
Luxury Vehicle

By Region
South America (Brazil, Argentina, Rest of South America);
North America (US, Canada, Mexico);
Europe (UK, Germany, France, Italy, Spain, Rest of Europe);
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific);
Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa);

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Market Dynamics
Drivers
• Increasingly tech-savvy population and a growing customer preference for safety and convenience in automobiles.
• Increased disposable revenue power of people
• The growing utilization gestures has boosted human-car interaction for program management.
• Vehicles with improved user experience and convenience features are becoming increasingly popular.

Challenges
• Increased development and production costs.
• Increased competition and the availability of less expensive alternatives.

Opportunities
• Increased research and development expenditures.
• Technological advancements such as IoT & AI.

Major Developments
• In September 2016, Continental AG developed a system which assist truck drivers while making turn. The system is named as ProViu Detect which eliminate the risk of blind spot and work actively to warn the driver in situation of collision, making the drive safer for the driver as well for the passengers.
• In October 2016, Valeo S.A. acquired 50% capital stake of CloudMade (U.K.). CloudMade is a startup which develops smart and innovative automotive solutions. Valeo's investment in ColudMade would prove as a financial and technological support for more innovative developments.
• In November 2016, Delphi collaborated with Intel and Mobileye for self-driving cars. Intel would provide specialized computer chips to Delphi, an auto supplier and Mobileye would provide vision systems for self-driving technology.

Target Audience
• Automotive HMI manufacturers
• HMI experts
• HMI software developers
• Industry experts

Contact Us
Sarah Ivans | Business Development
Phone: +1 617 297 8902
Email: sales@futuremarketconsulting.com
Future Market Consulting
Website: www.futuremarketconsulting.com

About Future Market Consulting
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This release was published on openPR.