Press release
Global Automotive Human-Machine Interfaces Market Comprehensive Study: Forecasted Market Size And Growth Rate
Automotive Human-Machine Interfaces Market
The Business Research Company offers in-depth market insights through Automotive Human-Machine Interfaces Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The automotive human-machine interfaces market size has grown rapidly in recent years. It will grow from $20.8 billion in 2023 to $23.34 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to advancements in infotainment systems, consumer demand for smart features, safety regulations, user experience enhancement, rise of hybrid vehicles, autonomous driving development..
The automotive human-machine interfaces market size is expected to see rapid growth in the next few years. It will grow to $36.29 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to energy-efficient vehicles, environmental sustainability focus, continuous evolution of smart cities, regulatory compliance and safety standards, ergonomics and design aesthetics.. Major trends in the forecast period include touchscreen displays and gesture recognition, voice-activated controls and natural language processing, personalization and user profiles, connected car features and cloud-based services, haptic feedback and tactile controls, focus on driver monitoring systems (dms), artificial intelligence (ai) integration..
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Market Segmentation:
The automotive human-machine interfaces market covered in this report is segmented -
1) By Product: Central Display, Voice Control System, Steering Mounted Control, Instrument Cluster, Head-Up Display, Rear Seat Entertainment, Multifunction Switch
2) By Technology: Visual Interface, Acoustic Interface, Other Technologies
3) By Access: Standard HMI, Multimodal HMI
4) By Function type: Primary, Secondary
5) By End User: Passenger Vehicle, Commercial Vehicle
Major Driver - Rise Of Autonomous And Connected Vehicles Driving Automotive Human-Machine Interface Market
The increasing trend toward connected and autonomous vehicles is driving the automotive human-machine interface market. An autonomous vehicle is capable of operating on its own without the assistance of a human driver, and a connected car has wireless network connectivity capabilities to connect to adjacent devices. 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.
Competitive Landscape:
Major companies operating in the automotive human-machine interfaces market report are Continental AG, Visteon Corporation, Valeo India Pvt. Ltd., Panasonic Corporation, Denso Corporation, YAZAKI Corporation, Harman International, Robert Bosch GmbH, Clarion Company Limited, Alpine Electronics Inc., Magneti Marelli SPA, Nuance Communications Inc, Socionext Inc., Tata Group, Synaptics Incorporated, Nippon Seiki Company Limited, Luxoft Holding Inc., Aptiv PLC, Delphi Technologies PLC, Elektrobit Automotive GmbH, Valeo S.A., EAO AG, Nuance Communications Inc., Alpine Electronics Inc., Altran Technologies SA, Pioneer Corporation, Garmin Ltd., TomTom International BV, Yazaki Corporation, Faurecia S.A.
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Top Trend - AI-Powered Automotive Hmi Systems Enabling Enhanced Human-Machine Interaction
Technological innovations have emerged as the key trend in the automotive human-machine interface market. 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. EveryWord ultra-far-field voice technologies enable enhanced, superior human-to-machine speech recognition that outperforms other existing OEM solutions. Furthermore, EveryWord technology offers the exceptional capability to recognize and block speech or noise coming from other single-point sources. This solution can be used in various applications, including automotive.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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