The latest report on Automotive HMI Market by Infinium Global Research gives complete coverage of the automotive HMI market by technology (visual and acoustic), access type (standard interface and multimodal interface), vehicle type (passenger car and commercial vehicles), product (voice control, central display, instrument cluster, and HUD) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and application trends in the regional markets of automotive HMI such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Automotive Industry is Expected to be the Factor Driving the Growth of the Automotive HMI Industry
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. The human-machine interface is a portal to exchange information, convert 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.
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Emerging Economies have Opened New Avenues, Creating Several Opportunities in the Region for Automotive Oems.
Furthermore, the integration of multiple technologies such as adaptive and holistic HMI and integration of smartphones 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 an 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 standards 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.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the automotive HMI.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.