According to Data Bridge Market Research new Market report, global automotive HMI market will account to reach an estimated USD 20.05 billion in 2018 growing at a CAGR of 11.75% during the forecast period of 2019 to 2026.
Access Full Report at https://databridgemarketresearch.com/reports/global-automotive-hmi-market/
HMI stands for Human Machine Interface is software which collocate the operator to the control and other sensors in the vehicles. There main function is to control and handle the automation system of the vehicle. They also convert the machine language into human readable language so that it can be easily understood by the user. HMI improves the efficiency, reliability, maintainability and provide comfort to the user.
Global automotive HMI market is segmented on the basis of technology, product, access type, end- market, function type and geography.
By Technology (Visual Interface, Acoustic Interface, Others), Product (Voice Control Systems, Central Displays, Instrument Clusters, Steering Mounted Controls, HUD, RSE, Multifunction Switches), Access Type (Standard HMI, Multimodal HMI), End-Market (Economic Passenger Cars, Mid-Price Passenger Cars, Luxury Passenger Cars), Function Type (Primary HMI, Secondary HMI), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN AUTOMOTIVE HMI MARKET
Increasing level of disposal income
In United Kingdom, in 2017/18 the median disposable income per retired household was 23,888 British pounds which was 23850 British pounds was 2016/17 and was 23119 British pounds was 2015/16. Increase in the levels of disposable income of the individuals resulting in a rise of demand for advanced hygienic products.
Few of the major competitors currently working in the automotive HMI market are Continental AG, Delphi Technologies, Valeo, Synaptics Incorporated, Clarion, Magneti Marelli S.p.A., Visteon Corporation, LUXOFT, ALTRAN, HARMAN International, Alpine Electronics Inc., Nuance Communications Inc., EAO AG, DENSO CORPORATION, Socionext Inc., Tata Elxsi, YAZAKI Corporation, Robert Bosch GmbH, Panasonic Corporation, Texas Instruments Incorporated, and Airbiquity Inc.
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