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Automotive Human Machine Interface (HMI) Market Outlook 2024 : Expected Market Growth Rate, Major Driver And Segments | Volkswagen AG, Toyota Motor Corporation, Luxoft Holding Inc., Ford Motor Company, General Motors Company
Automotive Human Machine Interface (HMI) Global Market Report 2024
As per the report, the automotive human machine interface (HMI) market size has grown rapidly in recent years. It will grow from $21.02 billion in 2023 to $23.41 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The automotive human machine interface (HMI) market size is expected to see rapid growth in the next few years. It will grow to $36.52 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%.
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Autonomous Vehicles Drive Growth In Automotive HMI Market
The increasing number of autonomous vehicles is expected to propel the growth of the automotive human-machine interface (HMI) market going forward. Autonomous vehicles are self-driving vehicles that employ advanced sensor technologies, computer systems, and artificial intelligence to operate and navigate without constant human intervention or monitoring. The increasing number of autonomous vehicles is due to advancements in artificial intelligence and sensor technology, along with substantial investment and support from private companies and governments to enhance safety and efficiency in transportation. Automotive human-machine interfaces (HMI) play a crucial role in autonomous vehicles by facilitating communication and interaction between the vehicle's systems and its occupants (drivers and passengers). For instance, in December 2022, according to the National Association of Insurance Commissioners, a US-based non-profit organization, there are expected to be 3.5 million autonomous vehicles on American roads by 2025 and 4.5 million by 2030. Therefore, the increasing number of autonomous vehicles drives the growth of the automotive human-machine interface (HMI) market.
Jidu Auto Unveils Cutting-Edge ROBO-01, Pioneering AI-Powered Autonomous Driving Solutions
Major companies operating in the automotive human-machine interface market are focused on developing innovative technologies, such as autonomous driving solutions, to strengthen their position in the market. An autonomous driving solution is a comprehensive system or technology enabling vehicles to operate and navigate without direct human input or intervention. For instance, in June 2022, Jidu Auto, a China-based car manufacturer, launched the robocar ROBO-01. The innovative robocar integrates advanced AI-driven autonomous driving capabilities, leveraging radar, lidar, and cameras for real-time environment perception, ensuring safe interaction with pedestrians, vehicles, and infrastructure. Its robust AI-powered computing platform enables rapid decision-making and adaptive responses to dynamic traffic conditions. This robocar boasts an advanced AI voice interaction system with exceptional recognition capabilities, enabling natural communication among humans, the vehicle, and its surroundings. Its large, integrated screen offers an immersive audio-visual experience, significantly enhancing the human-machine interface (HMI).
The automotive human machine interface (HMI) market covered in this report is segmented -
1) By Product Type: Voice Control, Central Display, Instrument Cluster, Steering Mounted Control, Rear-Seat Entertainment (RSE) Display, Heads-Up Display (HUD)
2) By Technology: Visual Interface, Acoustic, Mechanical, Other Technologies
3) By Access Type: Standard, Multimodal
4) By Vehicle Type: Passenger Cars, Commercial Vehicle
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Major companies operating in the automotive human machine interface (HMI) market are Volkswagen AG, Toyota Motor Corporation, Luxoft Holding Inc., Ford Motor Company, General Motors Company, Honda Motor Co. Ltd., Hyundai Motor Group, Robert Bosch GmbH, Tesla Inc., Nissan Motor Co. Ltd., Kia Corporation, Panasonic Corporation, Denso Corporation, Continental AG, Valeo S.A., Mitsubishi Motors Corporation, Aptiv PLC, HARMAN International Industries Incorporated, Alpine Electronics Inc., Visteon Corporation, Synaptics Incorporated, Nuance Communications Inc., Clarion Co. Ltd., Tata Elxsi Limited, Magneti Marelli S.p.A.
Contents of the report:
1. Executive Summary
2. Automotive Human Machine Interface (HMI) Market Report Structure
3. Automotive Human Machine Interface (HMI) Market Trends And Strategies
4. Automotive Human Machine Interface (HMI) Market - Macro Economic Scenario
5. Automotive Human Machine Interface (HMI) Market Size And Growth
…..
27. Automotive Human Machine Interface (HMI) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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