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North America is projected to hold an automotive human machine interface (HMI) market share of about 20% in 2024 due to an increase in the number of several connected vehicles that are equipped with smart interfaces and advanced technology platforms to improve the overall driving experience. Several benefits including driver assistance and smart traffic control associated with the use of IoT platforms in vehicles will drive the demand for HMI systems. The demand for automotive HMI is expected to increase over the forecast timeline as a majority of the vendors in this region are introducing new technology-enabled platforms for the vehicles to enhance the inter & intra-vehicular communication.Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1370
The Asia Pacific automotive human machine interface (HMI) market is estimated to grow at the highest CAGR of over 15% during the forecast period. The market growth is attributed to the factors such as increased demand for luxury cars coupled with the rising disposable income in countries including China and India. Shifting consumer preferences toward luxury cars have compelled the automakers to adopt cutting-edge technologies in their vehicles to ensure high-brand engagement. The automobile companies in the region are also investing heavily in R&D to gain an edge in the development of next-generation vehicle technologies such as autonomous driving and ADAS.
The automotive HMI market in Europe is projected to register an accelerated growth with a CAGR of over 13% during the forecast period. An increase in the production of passenger cars and commercial vehicles is expected to fuel the demand for integrated infotainment systems that provide information and entertainment for an enhanced, in-vehicle experience. Another driving factor is the increasing demand for autonomous cars that compels the automakers to invest in next-generation technologies such as gesture recognition, AI, and machine learning to enhance in-vehicle infotainment & communication experiences.
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In the global automotive human machine interface (HMI) market, the acoustic interfaces segment is projected to observe the highest adoption rate with a CAGR of approximately 15% throughout the forecast timeline. The increased implementation of the speech recognition technology to give the command or to control the features of the vehicle’s infotainment systems will accelerate the market growth. Among all the acoustic interfaces, beepers were the first to be used for warning functions such as speed limit, safety warnings, comfort feedbacks, and parking assistance.
As per the access type, the multimodal interface segment is expected to witness the highest growth with a CAGR of around 20% throughout the forecast timeline. These systems allow users to use more than one mode such as speech, haptic interaction, and visuals at a time to interact with the system, reducing driver distraction. The increasing demand for safety and comfort features in the cars will foster the automotive HMI market growth.
The passenger vehicle segment will lead the global automotive human machine interface market in 2024 with a share of around 75%. The surge in the production of passenger cars and the ongoing investments by the automakers to boost the autonomous vehicles market will drive the growth of the passenger cars segment. Increased customer demand for premium cars equipped with interactive multi-media systems is expected to trigger the growth of the HMI systems in passenger cars.
Browse key industry insights spread across 230 pages with 300 market data tables & 28 figures & charts from the report, “Automotive Human Machine Interface (HMI) Market Size By Product (Instrument Cluster, Multifunction Switches, Steering-mounted Controls, Central Display, Rear Seat Entertainment Display, Head-up Display (HUD)) By Interface Type (Visual, Acoustic, Mechanical), By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Access Type (Standard Interface, Multimodal Interface), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, Sweden, China, Japan, Australia, South Korea, India, Southeast Asia, Brazil, Mexico, Argentina, South Africa, UAE, Saudi Arabia), Growth Potential, Competitive Market Share & Forecast, 2018 - 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/automotive-hmi-market
Table of Contents (ToC) of the report:
Chapter 4. Automotive HMI Market - Competitive Landscape, 2017
4.1. Introduction
4.2. Competitive analysis of key market players
4.2.1. Alpine Electronics
4.2.2. Bosch Mobility Solutions
4.2.3. Continental AG
4.2.4. Denso Corporation
4.2.5. Visteon Corporation
4.3. Competitive analysis of other prominent vendors
4.3.1. Bentley Systems, Inc.
4.3.2. Harman International
4.3.3. Magneti Marelli S.p.A.
4.3.4. Panasonic Corporation
4.3.5. Valeo
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/automotive-hmi-market
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