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Standard HMI Segment to Be the Largest Contributor to the Automotive HMI Market



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By : vicky paramguru    9 or more times read
Submitted 2018-08-28 16:14:01
The 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", The automotive HMI market is projected to grow at a CAGR of 11.93%, from USD 16.01 Billion in 2016 to USD 28.13 Billion by 2021.
Browse 105 market data tables and 67 figures spread through 166 pages and in-depth TOC on "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"

https://www.marketsandmarkets.com/Market-Reports/automotive-human-machine-interface-market-109625825.html
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In terms of volume, the market is expected to reach 380.5 million units by 2021. The major factors responsible for the growth of the automotive HMI market are the increase in adoption by OEMs, rising demand for enhanced user experience and convenience features, and technological advancements.
The visual interface technology is estimated to be the largest market in the automotive HMI market
The visual interface segment of the automotive HMI market is estimated to have the largest market share, owing to factors such as innovations in consumer electronics systems, integration of major interfaces in display systems, and consumer preferences thereby prompting the growth of the visual interface market.
The HUD product types of automotive HMI is estimated to be the fastest growing in the automotive HMI market
HUD is the transparent image that is projected on the windshield of a car from the dashboard or on transparent screen called combiner HUDs. This can include anything from the current speed, navigation, temperature, and others. This is a safety feature as the driver need not take his eyes away from the windshield.
The automotive HMI market is projected to grow at a CAGR of 11.93%, from USD 16.01 Billion in 2016 to USD 28.13 Billion by 2021. The rise in demand for enhanced user experience and convenience features in automobile industry has fueled the growth of the this market. The growth in demand for connected vehicles is also a major factor that has contributed to the growth of the automotive HMI market.
The visual interface technology segment is estimated to record the largest market size in the automotive HMI market during 2016–2021. Factors such as innovations in consumer electronic systems, integration of major interfaces in display systems, and consumer preferences are prompting the growth of the visual interface market.
The Head-Up Display (HUD) segment is estimated to be the fastest growing segment during the forecast period. HUD, being a niche technology, is only being incorporated in luxury vehicles. However, with the increased emphasis on reducing driver distraction, a majority of the HMI manufacturers and OEMs are focusing on providing HUD in mid-priced vehicles as well.
The multimodal HMI segment in the automotive HMI market, by access type, is estimated to be the fastest growing during the forecast period. This is due to factors such as enhancement of safety and comfort features of vehicles and growing demand for connected vehicles.
The mid-priced passenger car segment is estimated to record the largest market size during the forecast period in the automotive HMI market, by end-user type, in terms of volume. However, the emerging trend of enhancing user experience inside the vehicle with the help of providing advanced HMI functions such as touch based infotainment units, haptic controls, and Rear Seat Entertainment (RSE) displays along with reducing driver distraction in mid-priced passenger car segment has also helped the automotive HMI market to grow.
Learn more about Automotive HMI Market
Asia-Pacific is estimated to be the largest region for the automotive HMI market
Asia-Pacific region is projected to be the largest market in the Automotive HMI market, owing to increased demand for automobiles with rising disposable income in countries such as China and India. The Asia-Pacific automotive HMI market is dominated by China, which is the key market for automobiles in the region owing to increased demand for automobiles and growth in per capita income in the country.
The Asia-Pacific market is estimated to be the largest with the highest market share of the automotive HMI market by value and volume, both. This market in Asia-Pacific is projected to be the largest market owing to increasing vehicle production and sales, due to the increase in disposable income in countries such as India and China.
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.
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