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(Transportation-News.com, May 07, 2019 ) The Automotive HMI market is projected to grow at a CAGR of 11.93%, to reach USD 28.13 billion by 2021.
Technological advancements in current generation automotive HMI along with the increasing trend of the connected and autonomous vehicle are further expected to drive the automotive HMI market. The whole ecosystem is working on to introduce the latest technology. For instance, the majority of the players are currently developing multimodal HMI systems by integrating the multiple interfaces and creating a holistic HMI system.
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The instrument cluster is expected to drive the global automotive HMI market
It is the electronic instrument cluster or digital dashboard which displays the digital readout rather than analog gauge. They can be TFT displays with high-resolution automotive grade and ergonomic design. The instrument cluster has also gradually evolved from an analog to a fully digital instrument cluster. The trend is further expected to continue with 3D instrument clusters being incorporated in premium vehicles. These systems are also incorporating other features like navigation system and various other controls such as reconfigurable settings, advanced driver assistance system (ADAS) information display which was earlier not part of it. Thus, the instrument cluster segment is expected to have the highest market share in the automotive HMI market.
Target Audience:
Automotive HMI manufacturers
HMI experts
HMI software developers
Industry experts
The head up display (HUD) segment is estimated be the fastest growing during the forecast period. With the increased focus on reducing driver workload and driver distractions factors, a majority of the HMI manufacturers and OEMs are focusing on enhancing user experience and providing convenience feature in order to provide better in-vehicle features.
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The visual interface technology is estimated to record the largest market size in automotive HMI market, by technology. Factors such as innovations in consumer electronics systems, integration of major interfaces in display systems, and consumer preferences are thereby promoting the growth of the visual interface market.
The multimodal HMI segment in automotive HMI market, by access type is estimated be the fastest growing during the forecast period. Owing to factors such as enhancement of safety and comfort features of the vehicle, and growing demand for Autonomous vehicle.
The major players such as Continental AG (Germany), Luxoft Holding, Inc. (Switzerland), Delphi Automotive PLC (U.K.), Valeo S.A. (France), Synaptics Incorporated (U.S.), Clarion Co. Ltd. (Japan), Magneti Marelli S.P.A (Italy), Alpine Electronics, Inc. (Japan), Altran Technologies S.A. (France), and Visteon Corp. (U.S.) are the automotive HMI manufacturers that have been covered in this study.
MarketsandMarkets™
Mr. Shelly Singh
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