“Automotive HMI Market by Technology (Visual and Acoustic), Product (Voice Control, Central Display, Instrument Cluster, Steering Mounted Control, HUD, RSE Display), Access, Light Duty Vehicle Type, Function, and Region – Global Forecast to 2021″, The automotive HMI market is projected to grow at a CAGR of 11.93%, to reach USD 28.13 billion by 2021. The demand for automotive HMI has increased in the past few years due to enhanced user experience and greater comfort features.
“The acoustic interface technology is the fastest growing technology in the automotive HMI market”
The acoustic interface segment of the automotive HMI market is the fastest growing technology in the automotive HMI market owing to factors such as the increasing trend in communication between the vehicle and the user through an audio platform. For example, access to navigation and entertainment features using voice commands.
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Companies profiled in the report are:
- 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.)
“The instrument cluster segment is estimated to hold the largest market size”
The instrument cluster segment was estimated to be the largest of the automotive HMI market in 2016, owing to the rise in demand for automobiles. As the demand for premium features is rapidly increasing in the automotive industry, the central display segment had the second largest market share in the automotive HMI market in the same year.
“Asia-Pacific is the largest market and North America is the fastest growing market in the automotive HMI market”
In 2016, Asia-Pacific was the largest regional automotive HMI market. Increase in disposable income in developing countries such as India and China and rising demand for premium as well as comfort features are the key growth drivers for the market in this region. North America is the fastest growing market in terms of value, dominated by the U.S., a key market for the automotive HMI in the region. As the North American automotive industry is one of the most advanced industries in the world, it houses major OEMs such as Ford Motors, General Motors, and Fiat-Chrysler Automotive.