Automotive Human Machine Interface Market to offer a healthy CAGR of 12.3% during 2020-25
February 11, 2020
Automotive Human Machine Interface Market Overview:
Automotive HMI market is likely to witness an impressive CAGR of 12.3% during the forecast period. The growth in the demand for convenient features and improved user experience coupled with the rising demand for connected vehicles in the automobile industry are some of the major factors that are underpinning the growth of the automotive HMI market globally.
Report Overview:
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Automotive Human Machine Interface Market Segment Insights:
HUD: The growth engine
Based on the product type, the market is segmented as voice control systems, central displays, instrument clusters, steering mounted controls, head-up displays (HUD), rear seat entertainment (RSE) displays, and multi-function switches. HUD is expected to witness the fastest growth owing to the factors, such as, increasing focus of OEMs and HMI manufacturers towards installation of HUD in mid-range vehicles. At present, HUD is at a nascent stage and is incorporated only in luxury vehicles.
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Dominance of: Visual Interface technology and Multi-Modal HMI system
Based on the technology type, the market is segmented as visual interface, acoustic interface, and others. The visual interface technology is estimated to be the largest market in the automotive human machine interface market during the forecast period. Innovation in consumer electronic system, integration of major interfaces in display system, and consumer inclination are among the major factors that have led to the dominance of the visual interface technology.
Based on the access type, the automotive HMI market is segmented as Standard HMI and Multi-Modal HMI systems. The Multi-Modal HMI system is projected to be the fastest-growing segment during the forecast period. This unparalleled growth is owing to the enrichment of safety features and the mounting demand for connected vehicles.
A highly/moderately/fragment consolidated Market
Some of the major players in the automotive human machine interface market are Continental AG, Luxoft Holding, Inc., Delphi Automotive PLC, Synaptics Incorporated, Visteon Corporation, Valeo S.A., Harman International Industries, Inc., Clarion Co. Ltd., Magneti Marelli S.p.A., Alpine Electronics Inc., Altran Technologies SA, and Voicebox Technologies.
Regional Hegemony of Asia-Pacific
Asia-Pacific is expected to remain the largest market for the automotive HMI in the coming five years. Significant economic development in the region has led to increasing disposable income of consumers in the emerging economies, such as China and India. This factor has led to the strong production and sales of passenger cars in the region.
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