Automotive HMI Market Report 2022, Size, Share And forecast Till 2027
According to the latest report by IMARC Group, titled “Automotive HMI Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global automotive HMI market share.The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global automotive HMI market size reached US$ 17.53 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 36.52 Billion by 2027, exhibiting a growth rate (CAGR) of 12.30% during 2022-2027.
Automotive human-machine interface or automotive HMI represents features, applications, and user interfaces that allow drivers and passengers to engage, interact, and connect with the vehicle systems and linked components for controlling the automobiles. They consist of multiple products, such as instrument clusters, display units, advanced driver assistance systems (ADAS), sensors, speech recognition solutions, steering-mounted controls, navigation touchscreens, visual and acoustic interfaces, etc. Automotive HMI solutions offer improved vehicle control, translate user input, and provide information regarding the surroundings. They are extensively easy to use, secure, and customizable. Consequently, automotive HMI systems find extensive applications in passenger and commercial vehicles.
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Market Trends
The expanding automotive segment and the growing demand for customized autonomous automobiles and digital vehicle systems for improving the driving experience are primarily driving the automotive HMI market. In addition to this, the launch of a head-up display (HUD) with two-dimensional (2D) and three-dimensional (3D) graphics for visualizing potential vehicle movement and providing information about speed limit is also positively influencing the market growth. In line with this, the emerging trend of integrating augmented reality (AR), artificial intelligence (AI), and several other technologies, including power seat controls, keyless entry, occupation detection, and voice recognition systems, is further augmenting the market growth.
Moreover, the increasing instances of road accidents across countries and the escalating focus among automobile manufacturers on enhancing road safety are acting as significant growth-inducing factors. Besides this, the elevating collaborations among original equipment manufacturers (OEMs) to engineer new user experience and user interface (UX or UI) designs that will enable human-vehicle interactions are expected to bolster the automotive HMI market over the forecasted period.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Alps Electric Co. Ltd., Capgemini Engineering (Capgemini SE), Continental Aktiengesellschaft, DENSO Corporation, EAO AG, Faurecia Clarion Electronics Co. Ltd. (Faurecia SE), Harman International Industries (Samsung Electronics Co. Ltd.), Luxoft (DXC Technology), Marelli Holdings Co. Ltd., Panasonic Holdings Corporation, Robert Bosch GmbH (Robert Bosch Stiftung GmbH), Valeo and Visteon Corporation.
Key Market Segmentation:
Breakup by Product:
- Instrument Cluster
- Central Display
- Head-Up Display
- Others
Breakup by Access Type:
- Standard
- Multimodal
Breakup by Technology:
- Visual Interface
- Acoustic
- Mechanical
- Others
Breakup by Vehicle Type:
- Passenger Cars
- Commercial Vehicles
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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