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(Transportation-News.com, January 18, 2019 ) According to the new market research report "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", published by MarketsandMarkets™, 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. Whereas, the high cost of advanced HMI systems for the automotive industry is a major restraint.
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Browse and in-depth TOC on "Automotive HMI Market"
105 - Tables
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166 - Pages
“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.
“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 a 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.
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The automotive HMI market consists of various major system manufacturers and software developers. Companies such as Continental AG (Germany), Delphi Automotive PLC (U.K), Valeo S.A. (France), Synaptics Incorporated (U.S), Clarion co. Ltd (Japan), Magneti Marelli S.P.A (Italy), and Visteon Corp (U.S.) are the system manufacturers in the automotive HMI market and companies such as Luxoft Holding, Inc (Switzerland), and Altran Technologies SA (France) are the software and technology providers.
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