Growing of Internet of Things (IoT) coupled with significant demand for vehicle automation will remain instrumental in driving the growth of automotive human machine interface systems market. Sales of automotive human machine interface systems is also impacted by a number of macroeconomic and industry-specific factors including growing technological advancements with a refocus on sustainability and the ‘green movement’ albeit various regulatory directives for manufacturers of automotive human machine interface systems market. However, the paradigm shift towards green technology will only impact the market moderately considering high development time for subsidiaries like charging points and efficient, affordable batteries.
Speaking about the global automotive landscape, FactMR predicts that China will continue to remain a go-to destinations for various research and development activities, including pilot runs of products. Although fragmented, China is likely to move towards market consolidation, giving an opportunity to local manufacturers and suppliers to emerge in market-leading positions. Key companies are projected to set up R&D facilities in China.
FactMR foresees that the demand for automotive human machine interface systems is projected to expand at a promising pace representing a sizeable CAGR in terms of value during the assessment period of 2017 to 2022.
Soaring demand for in-car infotainment systems will translate into increased sales of automotive human machine interface systems by 2022. Used for navigation, communication, and entertainment, infotainment systems uses human machine interface systems, connected through devices and software, to enable seamless human interaction with automated systems in vehicles. Largely adopted in ultrahigh-end luxury segment cars, human machine interface-powered infotainment systems provides a holistic in-car experience. However, Fact.MR envisages that automakers will soon begin to target high-end and mid-segment cars and deploy human machine interface systems, especially in APEJ and North America.
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Increasing penetration of connected mobile phones uses in vehicles for navigation and communication is likely to influence market growth over the forecast period. Advancements like supervisory control and data acquisition (SCADA) and alarming, receiving and sending information, and integration with enterprise-resource handling systems will further drive the global automotive human machine interface system market. Manufacturers working on efficient and sophisticated mix of design and layout coupled with tactile and ergonomic response system for optimal user experience will drive human machine interface implementation, predicts Fact.MR.