Automotive HMI Market Forecast Overview:
During the projection period of 2023 to 2030, the Automotive
HMI Market Forecast is anticipated to increase by
USD 10.79 Billion at an 8.80% rate. Man-machine interface (MMI), computer-human
interface, and human-computer interaction are further terms for HMI.
The market for connected automobiles is expanding,
automotive manufacturers are putting more emphasis on technological
advancement, and sales of both passenger and commercial vehicles are rising.
These reasons are driving the growth of the
automotive HMI industry. HMI in automobiles will become more in demand as
linked cars become more popular. An independent gadget that can interact and
communicate with other devices is the linked automobile. The usage of HMI in
automobiles will enable easy communication between the car and its occupants.
Through a conventional or multimodal HMI, the user
may access numerous vehicle controls. The development of a technology that will
lead to a larger market share is being pursued by the automakers. The
widespread use of autonomous vehicles, better safety features, gesture and
speech recognition for enhanced HMI, and integration of smartphones with HMI
are the major developments in the Automotive HMI Market Forecast
share.
Future market expansion will be a result of the
trend toward automotive HMI. Additionally, there will be a greater need for HMI
in cars due to rising passenger and commercial vehicle sales in emerging
markets.
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Key Players:
Delphi Automotive PLC (U.K)
Luxoft Holding Inc. (Switzerland)
Visteon Corporation (U.S.)
Voicebox Technologies (U.S.)
HARMAN
Regional evaluation:
The market is divided into four categories based
on geography: North America, Asia Pacific, Europe, and the Rest of the World.
The greatest market share is anticipated to belong to the Asia Pacific region
because of the rising demand for HMI in luxury automobiles. Due to the reduced
costs involved, nations like China and Japan are developing as manufacturing
centres for the automotive industry in the Asia Pacific region. Additionally,
more people will buy cars as a result of greater disposable money. As a result,
there will be an increase in demand for HMI in automobiles.
Due to the rising sales of the luxury automobile
class, North America is anticipated to be the second-largest market. The market
will expand as a consequence of the rising demand for premium vehicles and the
growing installation of HMI in automobiles. The United States is predicted to
control the market in North America in the future.
Market Segmentation:
Market segments for automotive HMI exist according
to product, technology, access method, and vehicle type. The market is divided
into voice control, central displays, instrument clusters, head-up displays
(HUD), and others based on the kind of product. Because HUD is employed in luxury
and mid-sized automobiles, the HUD category is anticipated to dominate the
market over the projection period.
The segment has been primarily driven by the
rising emphasis on minimising driver distraction. The market is divided into
visual, audio, and other technology segments. Alos, the market is divided into
standard HMI and multimodal HMI according to the kind of access.
Due to OEMs' replacement of their outdated control
systems with cutting-edge HMI, the multimodal category is anticipated to
dominate the market over the forecast period. The increased demand from the
premium segment is mostly to blame for the multimodal system trend.
The market is divided into passenger cars and
commercial vehicles based on the kind of vehicle. Due to a growth in passenger
vehicle sales in emerging economies, the passenger car category is anticipated
to dominate the market in the future.
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