Global Automotive HMI Market

Automotive HMI Market Size, Share, Growth Analysis, By Product Type(Voice Control, Central Display, Instrument Cluster, Head-Up Display (HUD)), By Technology(Visual, Acoustic), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25A2156 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 63 | Figures: 67

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 is projected to reach USD 67.68 Billion by 2030, growing at a CAGR of 10.96% from 2023 to 2030.

On the basis of technology, Automotive HMI Market is segmented into Visual Interface, Acoustic, Mechanical and Others.

Automotive HMI Market size was valued at USD 28.13 billion in 2019 and is poised to grow from USD 31.49 billion in 2023 to USD 86.82 billion by 2031, growing at a CAGR of 11.93% in the forecast period (2024-2031).

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. 'Continental AG', 'Robert Bosch', 'Valeo SA', 'Visteon Corporation', 'Harman International Industries, Incorporated', 'Panasonic Corporation', 'Delphi Automotive LLP', 'Alpine Electronics, Inc.', 'Faurecia SA', 'Denso Corporation ', 'Magneti Marelli S.p.A.', 'Alpine Electronics of America, Inc.Yazaki CorporationAlpine Electronics GmbHPreh GmbHMitsubishi Electric CorporationJohnson Controls International plcAltran Technologies SANuance Communications, Inc.Nippon Seiki Co., Ltd.'

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.

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 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.

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.

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Global Automotive HMI Market

Report ID: SQMIG25A2156

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