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The Rising Trend Of Autonomous Vehicles Is Further Fueling The Automotive Human-Machine Interfaces Market Growth || Continental AG, Visteon Corporation, Valeo, Panasonic Corporation, Denso Corporation
Automotive Human-Machine Interfaces Market
The Business Research Company's Automotive Human-Machine Interfaces Global Market Report 2023 identifies the increasing trend toward connected and autonomous vehicles as the major driver for the automotive human-machine interfaces market's growth in the forecast period. The automotive human-machine interface systems are widely used in these vehicles to provide users with a more interactive and efficient experience. For instance, according to TechCrunch, a US-based online newspaper focusing on high tech and startup companies, in 2022, there were over 1,400 self-driving cars in the US which are being tested by over 80 companies. Furthermore, according to Policy Advice, a US-based website devoted to helping everyday people make, save, and grow money, in the next two decades, 55% of small enterprises anticipate having a fully autonomous fleet. Therefore, the rise in autonomous and connected vehicles will propel the automotive human-machine interface market.
The global automotive human-machine interfaces market size is expected to grow from $18.63 billion in 2022 to $20.92 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive human-machine interfaces market size is expected to grow to $32.18 billion in 2027 at a CAGR of 11.4%.
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Major competitors in the automotive human-machine interfaces market are Continental AG, Visteon Corporation, Valeo, Panasonic Corporation, Denso Corporation, YAZAKI Corporation, HARMAN International, Robert Bosch GmbH, Clarion Company Limited, Alpine Electronics Inc., Magneti Marelli SPA.
A key trend in the automotive human-machine interfaces market includes technological innovations. Major companies operating in the automotive human-machine interface sector focus on developing new product innovations to meet customer demand. For instance, in June 2022, ArkX Laboratories, a US-based provider of advanced far-field voice capture and speech recognition technology, launched EveryWord Voice Control, featuring the Sensory TrulyHandsfree SDK technology suite. These additional capabilities allow OEMs to develop unique wake words, small to medium command sets (21 dialects), and speaker verification models for a genuinely branded voice experience.
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The Automotive Human-Machine Interfaces Market is segmented -
• By Product: Central Display, Voice Control System, Steering Mounted Control, Instrument Cluster, Head-Up Display, Rear Seat Entertainment, Multifunction Switch
• By Technology: Visual Interface, Acoustic Interface, Other Technologies
• By Access: Standard HMI, Multimodal HMI
• By Function type: Primary, Secondary
• By End User: Passenger Vehicle, Commercial Vehicle
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the automotive human-machine interfaces market
The Business Research Company's "Global Automotive Human-Machine Interfaces Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Human-Machine Interfaces Market Include:
1. Executive Summary
2. Automotive Human-Machine Interfaces Market Characteristics
3. Automotive Human-Machine Interfaces Market Trends And Strategies
4. Automotive Human-Machine Interfaces Market - Macro Economic Scenario
5. Automotive Human-Machine Interfaces Market Size And Growth
……………
27. Automotive Human-Machine Interfaces Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Human-Machine Interfaces Market
29. Automotive Human-Machine Interfaces Market Future Outlook And Potential Analysis
30. Appendix
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