Automotive HMI Market Growth, Trends, and Forecast (2017-2021)

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The Automotive HMI Market is projected to grow at a CAGR of 11.93%, from USD 16.01 billion in 2016 to USD 28.13 billion by 2021. The rise in demand for enhanced user experience and convenience features in automobile industry has fueled the growth of the automotive HMI market. The growth in demand for connected vehicles is also a major factor that has contributed to the growth of the automotive HMI market.
Automotive Human Machine Interface
The visual interface technology segment is estimated to record the largest market size in the automotive HMI market during 2016–2021. Factors such as innovations in consumer electronic systems, integration of major interfaces in display systems, and consumer preferences are prompting the growth of the visual interface market.
The Head-Up Display (HUD) segment is estimated to be the fastest growing segment during the forecast period. HUD, being a niche technology, is only being incorporated in luxury vehicles. However, with the increased emphasis on reducing driver distraction, a majority of the HMI manufacturers and OEMs are focusing on providing HUD in mid-priced vehicles as well.
The multimodal HMI segment in the automotive HMI market, by access type, is estimated to be the fastest growing during the forecast period. This is due to factors such as enhancement of safety and comfort features of vehicles and growing demand for connected vehicles.
The mid-priced passenger car segment is estimated to record the largest market size during the forecast period in the automotive HMI market, by end-user type, in terms of volume. However, the emerging trend of enhancing user experience inside the vehicle with the help of providing advanced HMI functions such as touch based infotainment units, haptic controls, and Rear Seat Entertainment (RSE) displays along with reducing driver distraction in mid-priced passenger car segment has also helped the automotive HMI market to grow.
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The figure below shows the breakdown of the primaries on the basis of the company type, designation, and region considered during the research study.
The visual interface technology is estimated to be the largest market in the automotive HMI market
The visual interface segment of the automotive HMI market is estimated to have the largest market share, owing to factors such as innovations in consumer electronics systems, integration of major interfaces in display systems, and consumer preferences thereby prompting the growth of the visual interface market.
The HUD product types of automotive HMI is estimated to be the fastest growing in the automotive HMI market
HUD is the transparent image that is projected on the windshield of a car from the dashboard or on transparent screen called combiner HUDs. This can include anything from the current speed, navigation, temperature, and others. This is a safety feature as the driver need not take his eyes away from the windshield.
Asia-Pacific is estimated to be the largest region for the automotive HMI market
Asia-Pacific region is projected to be the largest market in the Automotive HMI market, owing to increased demand for automobiles with rising disposable income in countries such as China and India. The Asia-Pacific automotive HMI market is dominated by China, which is the key market for automobiles in the region owing to increased demand for automobiles and growth in per capita income in the country.
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Key Players:
  • Continental AG (Germany)
  • Luxoft Holding, Inc. (Switzerland)
  • Delphi Automotive PLC (U.K.)
  • Synaptics Incorporated (U.S.)
  • Visteon Corporation (U.S.)
  • Valeo S.A. (France)
  • Harman International Industries, Inc. (U.S.)
  • Clarion Co. Ltd. (Japan)
  • Magneti Marelli S.P.A (Italy)
  • Alpine Electronics, Inc. (Japan)
  • Altran Technologies S.A. (France)
  • Voicebox Technologies (U.S.)
Reasons to Buy the Report:
The report provides insights about the following points:
  • Market Penetration: Comprehensive information about automotive HMIapplications offered by the top players in the industry
  • Regulatory Framework: Detailed insights into stringent emission regulations, and the effect of the regulations on the market
  • Market Development: Comprehensive information about various technology trends. The report analyzes the markets for various technologies across the countries
  • Market Diversification: Exhaustive information about emerging technologies, recent developments, and investments in the automotive HMI market
  • Competitive Assessment: In-depth assessment of strategies, services, and manufacturing capabilities of leading players in the automotive HMI market
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MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
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Source:

Automotive HMI Market - Global Forecast to 2021


Location: United States

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