IMARC Group has recently released a new research study “Automotive HMI Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on global automotive HMI market report. The market size reached US$ 1.46 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.33 Billion by 2028, exhibiting a growth rate (CAGR) of 23.49% during 2023-2028.
The global automotive HMI market size reached US$ 19.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 36.8 Billion by 2028, exhibiting a growth rate (CAGR) of 10.4% during 2023-2028.
What Is A Automotive HMI?
The automotive human-machine interface (HMI) usually includes applications, exclusive features, and a user interface that generally enables passengers and drivers to interact, engage, and connect with the vehicle systems and linked components for controlling automobiles. In addition to this, it involves sensors, speech recognition solutions, display units, advanced driver assistance systems (ADAS), steering-mounted controls, navigation touchscreens, visual and acoustic interfaces, etc. Automotive HMI translates user input, offers better vehicle control, provides information regarding the surroundings, etc. The system is easy to use, secure, customizable, etc. Consequently, it is extensively installed in commercial and passenger vehicles. Presently, automotive HMI is commercially categorized based on varying functions and access types, including multimodal and standard HMI.
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What Are The Key Factors Driving The Global Automotive HMI Market?
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The escalating demand for customized in-vehicle digital systems and autonomous automobiles to enhance the driving experience is primarily driving the automotive HMI market. Additionally, the development of a head-up display (HUD) with two-dimensional (2D) and three-dimensional (3D) graphics to visualize vehicle potential movement and offer information regarding speed limit is further bolstering the market growth. Besides this, the rising integration of Augmented Reality (AR), Artificial Intelligence (AI), and HMI technologies, including occupation detection, voice recognition systems, keyless entry, power seat controls, etc., is acting as another significant growth-inducing factor.
Moreover, the growing instances of road accidents are propelling the adoption of automotive HMI in commercial and passenger vehicles to ensure safer driving, which is positively influencing the global market. Apart from this, strategic collaborations among original equipment manufacturers (OEMs) to engineer new user interface (UI) designs for enabling human-vehicle interactions are expected to fuel the automotive HMI market over the forecasted period.
Who Are The Key Players/Companies In The Global Automotive HMI 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
By Geography:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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