One of the most pivotal driving forces of automotive human machine interface (HMI) market is Increasing awareness among the regulators and regional governments about the surging need for vehicle security and safety has been driving the requirement of the instrument clusters and digital infotainment systems.
North America Automotive human machine interface (HMI) market is projected to hold a 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.
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The Automotive human machine interface (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.
Automotive human machine interface (HMI) market has lately emerged as one of the massive revenues generating spheres in the automotive sector with the shifting trends toward the adoption of smart vehicles. Traditionally, pertaining to the lack of advanced infotainment and digitalized internal car design, drivers had been unable to operate the vehicle efficiently. However, with the advent of new technology trends, the overall design structure of automobiles has changed considerably, paving the way for integrated human-machine interface in vehicles. The development of connected cars for decreasing the chances of accidents and enhancing the operability of vehicles has also helped propel automotive human machine interface (HMI) market share.
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 America Automotive human machine interface (HMI) market growth.
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Chapter 4. Competitive Landscape, 2017
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
Chapter 5. Automotive Human Machine Interface (HMI) Market, By Product
5.1. Key trends, by product
5.2. Instrument cluster
5.2.1. Instrument cluster market estimates and forecast, 2013-2024
5.3. Multifunction switches
5.3.1. Multifunction switches market estimates and forecast, 2013-2024
5.4. Steering-mounted controls
5.4.1. Steering-mounted controls market estimates and forecast, 2013-2024
5.5. Central display
5.5.1. Central display market estimates and forecast, 2013-2024
5.6. Rear seat entertainment display
5.6.1. Rear seat entertainment display market estimates and forecast, 2013-2024
5.7. Head-up display
5.7.1. Head-up display market estimates and forecast, 2013-2024
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