Automotive HMI Market Size is Projected to grow at 8.2% CAGR between the Forecast period.
The Global automotive human machine interface (HMI) market size was USD 10.71 Billion in 2021 and is projected to USD 18.64 Billion in 2030 at a CAGR of 8.2% during the 2022-2030 period.
The global Automotive HMI market has been growing rapidly in recent years, driven by the increasing demand for connected and autonomous vehicles, as well as the need for more intuitive and user-friendly interfaces.
Browse 215 market data Tables and 96 Figures spread through 312 Pages and in-depth TOC on "Automotive HMI Market Size, Share & Trends Estimation Report By Outlook, By Region, And Segment Forecasts, 2022 - 2030" View detailed Table of Content here-https://www.contrivedatuminsights.com/product-report/automotive-hmi-market-248685/
Market Dynamics
Increasing demand for connected and autonomous vehicles: The rising demand for connected and autonomous vehicles is one of the major factors driving the growth of the Automotive HMI market. These vehicles require advanced HMI systems to enable drivers to interact with the vehicle's systems and controls seamlessly.
Need for more intuitive and user-friendly interfaces: As vehicles become more complex, there is a growing need for more intuitive and user-friendly interfaces. Advanced HMI systems can help drivers to access and control various functions of the vehicle more easily, improving the overall driving experience.
High cost of advanced HMI systems: Advanced HMI systems can be expensive to develop and implement, which can be a significant barrier to adoption, particularly for small and medium-sized automakers.
Integration challenges: Integrating advanced HMI systems into existing vehicles can be a complex process, and compatibility issues can arise, which can result in delays and additional costs.
Design and user experience: Developing an HMI system that is both intuitive and user-friendly can be challenging. Automakers must balance functionality and usability with aesthetics and brand identity to create an HMI system that meets the needs and preferences of their customers.
System complexity: As vehicles become more complex, HMI systems must also become more sophisticated to manage an ever-increasing number of functions and features. This complexity can make it challenging to develop and implement HMI systems that are both effective and reliable.
Increasing demand for electric and autonomous vehicles: The growing demand for electric and autonomous vehicles presents significant opportunities for growth in the Automotive HMI market. These vehicles require advanced HMI systems to manage and communicate complex information to drivers and passengers.
Integration with other technologies: The integration of HMI systems with other technologies, such as artificial intelligence, augmented reality, and cloud computing, presents significant opportunities for innovation and differentiation in the market.
Steering-mounted controls provide easy access to common functions such as volume control, phone calls, and cruise control. Central displays are often touchscreens that allow drivers and passengers to access a wide range of features and functions, such as climate control and vehicle settings.
Rear seat entertainment systems provide entertainment to passengers in the rear seats of the vehicle. They often include screens that can play video content and games. Other HMI products include controls for HVAC (heating, ventilation, and air conditioning), lighting, and other vehicle systems.
Each of these application segments has unique requirements and challenges for HMI systems. Passenger cars, for example, may prioritize comfort, convenience, and entertainment features, while commercial vehicles may prioritize safety, fuel efficiency, and load management. Understanding these differences is crucial for HMI system suppliers and automakers to develop products that meet the needs and preferences of their target customers.
Regional Analysis
The Middle East and Africa region is a relatively small market for Automotive HMI systems but is expected to grow in the coming years due to the increasing demand for luxury and premium vehicles.
Latin America is also a small market for Automotive HMI systems but is expected to grow in the coming years due to the growing demand for affordable vehicles with advanced features.
The Middle East & Africa region is expected to experience moderate growth in the wound cleanser market, due to the increasing incidence of chronic wounds and the growing demand for advanced wound care products.
Competitive Analysis
Visteon Corporation is an American company that offers advanced automotive electronics solutions, including HMI systems. The company offers products such as instrument clusters, displays, and infotainment systems. Denso Corporation is a Japanese company that offers a wide range of automotive products, including HMI systems. The company offers products such as instrument clusters, displays, and infotainment systems.
Bosch Limited is an Indian subsidiary of the German company Bosch, which offers a wide range of automotive solutions, including HMI systems. The company offers products such as instrument clusters, displays, and infotainment systems. Harman International Industries is an American company that offers a wide range of audio and infotainment solutions for the automotive industry. The company offers products such as premium audio systems, head-up displays, and infotainment systems.
In October 2021, Veoneer, a leading supplier of automotive safety systems, was acquired by Magna International, a global automotive supplier. Veoneer offers advanced HMI solutions such as driver monitoring systems and displays.
In September 2021, LG Electronics announced that it was investing $5.2 billion in its vehicle component solutions business, which includes HMI systems. The company plans to expand its offerings of advanced driver assistance systems and infotainment solutions.
In June 2021, BlackBerry Limited announced a partnership with Amazon Web Services (AWS) to develop and market a new software platform for connected vehicles. The platform includes advanced HMI solutions such as voice recognition and natural language processing.
In May 2021, Visteon Corporation announced a new partnership with China's Guangzhou Automobile Group Co., Ltd. (GAC) to develop advanced HMI systems for GAC's next-generation vehicles. The partnership includes the development of a new cockpit platform with advanced features such as augmented reality.
In April 2021, Continental AG announced the launch of its new "Cockpit High Performance Computer," a next-generation HMI platform that combines advanced graphics, artificial intelligence, and cloud-based services.
Segmentation Analysis of The Global Automotive HMI Market 2022-2030
The report forecasts revenue growth at global, regional, and country matrics and analyzes the latest industry trends in each of the sub-segments ranging from 2016-2030. For this, CDI has segmented the global Automotive HMI market report based on capacity, vehicle, application, and propulsion type along with regional analysis.
Product Outlook (Revenue, USD Million, 2018 - 2030)
- Infotainment System
- Window/Door Control
- Instrument Cluster
- Head-up Display
- Steering Wheel Mounted Controls
Application Outlook (Revenue, USD Million, 2018 - 2030)
- Voice Command
- Face Detection
- Gesture Recognition
- Mechanical
Interface Outlook (Revenue, USD Million, 2018 - 2030)
- Hospitals
- Outpatient Facilities
- Home Care
- Research & Manufacturing
Mode of Purchase Outlook (Revenue, USD Million, 2018 - 2030)
- Prescribed
- Non-prescribed (OTC)
Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
- Institutional Sales
- Retail Sales
Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America