USD 22.4 billion
Automotive HMI Market Size, Share, Growth Analysis, By Product (Touch Screen Display, heads up Display), By Access Type, By Technology, By Display Size, By Vehicle Type, By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25A2156 |
Region:
Global |
Published Date: December, 2024
Pages:
165
|Tables:
63
|Figures:
67
Automotive HMI Market Insights
Global Automotive HMI Market size was valued at USD 22.4 billion in 2022 and is poised to grow from USD 25.6 billion in 2023 to USD 65.2 billion by 2031, growing at a CAGR of 12.4’% during the forecast period (2024-2031).
The desire for high-end goods like luxury cars is being fueled by a high level of life and increased disposable income. This will probably lead to a rise in the use of automobile HMI. However, a significant market restraint is the need for urgent maintenance of the intricate systems that support the operation of automobile HMI. Contrarily, market participants are predicted to benefit from the increased demand for autonomous vehicles.
The demand for automotive HMI is continually growing as a result of the expanding use of gestures for improved human-car interactions. The market is growing rapidly as a result of the increasing adoption of the Internet of Things (IoT). Through the development of new UX solutions for multimodal experiences, the market's commercialization options for new goods are projected to grow. The market share for automotive HMI is projected to expand as a result. The changing connectivity tendencies in contemporary, high-end vehicles are another source of lucrative opportunities. For instance, including OTA updates and vehicle-to-everything (V2X) trends.
Low cost human-machine interfaces can enable software and smartphone integration with automobiles. This is a crucial factor that is fueling market expansion. Additionally, fleet management necessitates widespread use of advanced driver assistance systems (ADAS), which increases demand for the product and is expected to grow the market. It is projected that the introduction of concept cars and electric vehicles in the automotive industry, as well as the rapid expansion of mobility services, will present the market with a variety of potential prospects. The development of the automotive HMI industry is also going to be aided by the adoption of various technologies. However, the high costs of complex HMI systems and their high power consumption are factors that are anticipated to impede the market share's rise. The prominence of cyber security concerns presents another difficulty for the sector.
US Automotive HMI Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Visual
Fastest Growth
Visual
Growth Rate
12.4% CAGR
Global Automotive HMI Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Automotive HMI Market Segmental Analysis
Global Automotive HMI Market is segmented by Product, Access Type, Technology, Display Size, Vehicle Type and Region. Based on Product, the market is segmented into Voice Recognition System, Rotary Controllers, Gesture Recognition, Touch Screen Display, Instrument Cluster Display, Steering Mounted Control System, Heads Up Display, Multifunction Switches. Based on Access Type, the market is segmented into Standard HMI, Multimodal HMI. Based on Technology, the market is segmented into Visual Interface, Acoustic Interface, Other Interface technologies. Based on Display Size, the market is segmented into <5”, 5-10”, >10”. Based on Vehicle Type, the market is segmented into Passenger Cars, Light Commercial Vehicle. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Automotive HMI Market Analysis based on product type
The market is divided into Instrument Cluster, Head-up Display, Central Display, and Others based on product. Due to the increasing use of smart and connected central displays in passenger cars, the central display segment dominated the market in terms of revenue throughout the anticipated period. The use of mobile phones while driving is prohibited, and the incorporation of wireless communication systems into these displays will spur growth during the forecast period. Additionally, it is anticipated that the HUD category would grow significantly during the projection period as a result of the growing use of HUD in luxury and mid-sized vehicles. The installation of HUD in mid-size vehicles and the increased emphasis on reducing driver distraction are further factors that are anticipated to fuel the global market's expansion.
Automotive HMI Market Analysis based on Technology
The market is divided into Acoustic, Mechanical, Visual Interfaces, and Others based on technology. During the anticipated time, the visual interface technology segment will rule the worldwide automotive HMI market. This dominance is due to rising consumer demand for practical features, adaptive technologies, and automakers' increasing emphasis on reducing driver distractions by providing visual interfaces like instrument clusters and touch-screen displays.
Automotive HMI Market Analysis based on End Use
The market is divided into three segments based on the end-user: economical passenger cars, midrange passenger cars, and luxury passenger cars. Due to the growing popularity of advanced HMI features inside vehicles, such as touch-based infotainment systems, haptic controls, and rear-seat entertainment (RSE) displays, as well as efforts to lessen driver distraction, the mid-priced passenger car segment is anticipated to dominate the global Automotive HMI Market during the projected period.
Global Automotive HMI Market Share By Technology, 2021 (%)
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Automotive HMI Market Regional Insights
The market in North America has been successful. The adoption of cutting-edge automobile HMIs in the United States has fueled the regional market expansion. The expansion of luxury vehicle producers and the rising popularity of these cars among consumers have contributed to the stability of companies in the North American automotive human-machine interface (HMI) industry. The most opportunistic segment, on the other hand, is anticipated to be Europe during the projected period. The leading automotive producers worldwide are France, Italy, and Germany. These nations have made a significant contribution to the expansion of the automotive human-machine interface (HMI) sector in Europe. During the projection period, the market expansion for the automotive human-machine interface (HMI) would be aided by the upsurge in the popularity of electric vehicles in European nations.
In contrast, Asia Pacific dominated the global automotive human-machine interface (HMI) market in 2021. The advancements being made in the automotive and auto industries in the region, particularly in China, Japan, South Korea, and India, will open up a number of new revenue streams for regional market participants. Another important factor supporting the expanding market potential in the area is the strict enforcement of regulatory standards regarding the safety of drivers.
Global Automotive HMI Market By Geography, 2021 - 2028
- Largest
- Fastest
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Automotive HMI Market Dynamics
Automotive HMI Market Driver
- Automobile manufacturers have been working diligently to implement innovative UX/UI designs, which has allowed them to achieve higher degrees of human-vehicle interactions. As a result, the development of autonomous vehicles is accelerating thanks to the integration of new functionalities into car software in contemporary vehicles, which is opening up new opportunities for the automotive human-machine interface (HMI) market. For the drivers' comfort and accuracy, automotive manufacturers are merging them with 2D and 3D visuals.
Automotive HMI Market Restraint
- The global Automotive HMI Market's growth is being constrained by the high cost of complicated HMI systems, their high power consumption, the importance of maintaining these intricate systems, and the threat posed by cyber security.
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Automotive HMI Market Competitive Landscape
The market for automobile human-machine interfaces (HMI) has a fair amount of regional competition. By using various marketing techniques, including the launch of new products, investments, collaborations, and mergers and acquisitions, these market participants aim to increase their market share. Additionally, businesses are investing in the creation of enhanced items. Additionally, they are concentrating on offering competitive prices.
Automotive HMI Market Top Player’s Company Profiles
- Continental AG (Germany)
- Robert Bosch (Germany)
- Valeo SA (France)
- Visteon Corporation (United States)
- Harman International Industries, Incorporated (United States)
- Panasonic Corporation (Japan)
- Delphi Automotive LLP (United Kingdom)
- Alpine Electronics, Inc. (Japan)
- Faurecia SA (France)
- Denso Corporation (Japan)
- Magneti Marelli S.p.A. (Italy)
- Alpine Electronics of America, Inc. (United States)
- Yazaki Corporation (Japan)
- Alpine Electronics GmbH (Germany)
- Preh GmbH (Germany)
- Mitsubishi Electric Corporation (Japan)
- Johnson Controls International plc (Ireland)
- Altran Technologies SA (France)
- Nuance Communications, Inc. (United States)
- Nippon Seiki Co., Ltd. (Japan)
Automotive HMI Market Recent Development
- In September 2022, A device designed by Continental AG helps truck drivers make turns. The ProViu Detect technology reduces the chance of a blind spot and actively warns the driver before an accident, making driving safer for both the driver and the passengers.
- In October 2021, Valeo S.A. purchased a 50% equity share in CloudMade (UK). A startup called CloudMade creates clever and avant-garde vehicle solutions. The investment Valeo made in ColudMade would serve as a technological and financial foundation for future breakthroughs.
- In November 2021, For self-driving automobiles, Delphi worked with Intel and Mobileye. Delphi, an auto supplier, would receive specialist computer processors from Intel, while Mobileye would offer vision systems for self-driving technologies.
Automotive HMI Key Market Trends
- Customer demand for customized in-vehicle digital systems, which is on the rise, has broadened the market for HMIs among those in the automotive and automotive-related industries. The market for automotive human-machine interfaces (HMI) has new openings for growth thanks to advancements in advanced driver assistance systems (ADAS). According to a TMR analysis, the global market for automotive human-machine interfaces would grow at a CAGR of about 6% between 2021 and 2031. The valuation was estimated to be worth more than US$ 16.3 Bn in 2021.
Automotive HMI Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the increasing central display, and the visual interface technology dominated the global Automotive HMI market in 2021 and are expected to maintain their dominance throughout the forecast period. In 2021, North America dominated the global Automotive HMI market owing to the region's highly aware and economically stable population.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 22.4 billion |
| Market size value in 2031 | USD 65.2 billion |
| Growth Rate | 12.4% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive HMI Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive HMI Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive HMI Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive HMI Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive HMI Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive HMI Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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