Global Automotive Human-Machine Interfaces (HMI) Market, By Technology (Visual Interface, Acoustic Interface, Others), Product (Voice Control Systems, Central Displays, Instrument Clusters, Steering Mounted Controls, Head-Up Display (HUD), Rear Seat Entertainment (RSE), Multifunction Switches), Function Type (Primary Human-Machine Interfaces, Secondary Human-Machine Interfaces), Access Type (Standard Human-Machine Interfaces, Multimodal Human-Machine Interfaces), End User (Economic Passenger Cars, Mid-Price Passenger Cars, Luxury Passenger Cars), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Automotive Human-Machine Interfaces (HMI) Market
Automotive human-machine interfaces (HMI) market size is valued at USD 41.82 billion by 2028 and is expected to grow at a compound annual growth rate of 11.56% over the forecast period of 2021 to 2028. Data Bridge Market Research report on automotive human-machine interfaces (HMI) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Automotive human machine interface can be defined as a machine or software interface for the automobiles and vehicles that let the user of the software for the control of the vehicle and the connected components or sensors. These software or technology is installed in the vehicles so that the user can be outfitted with an ease of comfort.
The automotive human-machine interfaces (HMI) market has a huge potential to grow over the forecast period of 2021 to 2028, owing to the increasing demand for enhanced user experience and convenience features. In addition, the high adoption by OEMs and increasing growth in connected vehicles are also largely influencing the growth of the automotive human-machine interfaces (HMI) market. Also the low cost human-machine interfaces enabling software and incorporation of smartphones with vehicles is another driver flourishing the automotive human-machine interfaces (HMI) market growth. Also, the high adoption of advanced driver assistance system (ADAS) for fleet management, increasing adoption of automotive IoT and growing use of gestures for enhanced human-car interactions are also creating the huge demand for automotive human-machine interfaces (HMI) and is projected to witness significant growth in the above mentioned forecast period. However, the market of automotive human-machine interfaces (HMI) though has certain limitations which can obstruct the potential growth of the market such as the high cost of advance HMI systems, high power consumption and cyber security threat, whereas the luxurious interior at lower price and long production cycle of automotive vehicle have the potential to challenge the growth of the automotive human-machine interfaces (HMI) market in the above mentioned forecast period.
In addition, the increase in demand for autonomous vehicles, incorporation of multiple technologies, high growth in mobility services as well as the introduction of concept cars and electric vehicles in the automotive industry will further offer various growth opportunities for the automotive human-machine interfaces (HMI) market in the forecast period of 2021 to 2028.
This automotive human-machine interfaces (HMI) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive human-machine interfaces (HMI) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Human-Machine Interfaces (HMI) Market Scope and Market Size
Automotive human-machine interfaces (HMI) market is segmented on the basis of technology, product, function type, access type and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of technology, the automotive human-machine interfaces (HMI) market is segmented into visual interface, acoustic interface and others.
- Based on product, the automotive human-machine interfaces (HMI) market is segmented into voice control systems, central displays, instrument clusters, steering mounted controls, head-up display (HUD), rear seat entertainment (RSE) and multifunction switches.
- On the basis of function type, the automotive human-machine interfaces (HMI) market is segmented into primary human-machine interfaces and secondary human-machine interfaces.
- Based on access type, the automotive human-machine interfaces (HMI) market is segmented into standard human-machine interfaces and multimodal human-machine interfaces.
- The end user of the automotive human-machine interfaces (HMI) market is segmented into economic passenger cars, mid-price passenger cars and luxury passenger cars.
Automotive Human-Machine Interfaces (HMI) Market Country Level Analysis
Automotive human-machine interfaces (HMI) market is analyzed and market size, volume information is provided by country, technology, product, function type, access type and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
Asia-Pacific leads the automotive human-machine interfaces (HMI) because of the rapid increase demand of HMI in high-end vehicles in this particular region. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to the increased sale of luxury cars resulting in the higher installation of HMI in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Human-Machine Interfaces (HMI) Market Share Analysis
Automotive human-machine interfaces (HMI) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive human-machine interfaces (HMI) market.
The major players covered in the automotive human-machine interfaces (HMI) report are Continental AG, BorgWarner Inc., Valeo, Synaptics Incorporated, Clarion, Marelli Europe S.p.A.., Visteon Corporation, LUXOFT, Altran, HARMAN International, ALPS ALPINE CO., LTD.., EAO AG, DENSO CORPORATION, Socionext Inc., TATA ELXSI, YAZAKI Corporation, Robert Bosch GmbH, Panasonic Corporation, Texas Instruments Incorporated, and Airbiquity Inc among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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