A recent report published by Infinium Global Research on automotive HMI market provides in-depth analysis of segments and sub-segments in global as well as regional automotive HMI market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional automotive HMI market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global automotive HMI market. According to the report the global automotive HMI market is projected to grow at a CAGR of 12% over the forecast period of 2018-2024.
Automotive HMI market is the technology where the interaction takes place only in between the machine and human being. HMI is also known as a man-machine interface (MMI). The interface consists of the hardware and the software that allows the user input to be translated by the user. Some of the most trending HMI technologies are head-up display system, keyless entry, power seat control, and occupant detection. Human-machine interface is portal to exchange information, converts raw and unorganized data into useful and actionable data. Gesture control, customization, speech recognition, augmented reality, etc. are some of the key features of Human-Machine Interface technologies.
Enhanced user experience and availability of greater comfort features in the automotive industry is expected to be the factor driving the growth of the automotive HMI market. Additionally, the growing demand for HMI in connected cars and increasing sales of commercial and passenger vehicles is anticipated to fuel the growth of the automotive HMI market over the forecast period. However, increasing design complexities and lack of standardization are the factors likely to hamper the growth of the automotive HMI market. On the other hand, the high deployment cost of the advanced system is restraining the growth of the automotive HMI market. Furthermore, the integration of multiple technologies such as adaptive and holistic HMI and integration of smartphone with HMI is augmented to provide several growth opportunities for the key players in the automotive HMI market. Automakers are gaining higher inclinations towards holistic systems. For instance, continental AG developed HMI system that operates in agreement with the driver’s situation and clear interface by using active matrix organic light emitting diode (AMOLED) displays.
Among the geographies, Asia Pacific is expected to be the highest contributor in terms of revenue followed by Europe and North America. India is expected to be the fastest growing region due to increasing living standard and growing passenger car saturation. The US automotive HMI market contributed major industry due to high consumer inclination and presence of key industry players such as ford motors and general motors. The increase in disposable income will result in increased sales of vehicles in countries such as China and Japan. Continuous infrastructural developments coupled with industrial development activities in emerging economies have opened new avenues, creating several opportunities in the region for automotive OEMs.
The report on global automotive HMI market covers segments such as technology, access type, vehicle type and product. On the basis of technology, the global automotive HMI market is categorized into visual and acoustic. On the basis of the access type, the global automotive HMI market is categorized into the standard interface and multimodal interface. On the basis of vehicle type the global automotive HMI market is categorized into passenger vehicle and commercial vehicle. On the basis of product, the global automotive HMI market is categorized into voice control, central display, instrument cluster, and HUD.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global automotive HMI market such as Valeo S.A., Magneti Marelli S.P.A., Delphi Automotive PLC, Continental AG, Luxoft Holding, Inc, Synaptics Incorporated, Visteon Corp., Alpine Electronics Inc., Altran Technologies SA and Harman International Industries, Inc.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global automotive HMI market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of automotive HMI market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the automotive HMI market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the automotive HMI market to understand the present and future trends in this market and formulate their strategies accordingly.