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Automotive HMI Market - An Insight on the Important Factors and Trends 2017-2021
Automotive HMI Market by Technology (Visual and Acoustic), Product (Voice Control, Central Display, Instrument Cluster, Steering Mounted Control, HUD, RSE Display), Access, Light Duty Vehicle Type, Function, and Region - Global Forecast to 2021
The Automotive HMI Market is estimated to be USD 16.01 billion in 2016, and growing at a CAGR of 11.93%. In terms of volume, the market is expected to reach 380.5 million units by 2021. The major factors responsible for the growth of the automotive HMI market are the increase in adoption by OEMs, rising demand for enhanced user experience and convenience features, and technological advancements.
Key players in the market include Continental AG (Germany), Delphi Automotive PLC (U.K), Valeo S.A. (France), Synaptics Incorporated (U.S), Clarion Co. Ltd (Japan), Magneti Marelli S.P.A (Italy), and Visteon Corp (U.S.), Luxoft Holding, Inc (Switzerland), and Altran Technologies SA (France). These players are increasingly undertaking mergers and acquisitions, and product launches to develop and introduce new technologies and products in Automotive HMI Market
The head-up display (HUD) segment is estimated to be the fastest growing during the forecast period. With the increased focus on reducing driver workload and driver distractions factors, a majority of the HMI manufacturers and OEMs are focusing on enhancing user experience and providing convenience feature in order to provide better in-vehicle features.
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The visual interface technology is estimated to record the largest market size in automotive HMI market, by technology. Factors such as innovations in consumer electronics systems, integration of major interfaces in display systems, and consumer preferences are thereby promoting the growth of the visual interface market.
Mid-priced passenger car segment is estimated to record the largest market size during the forecast period in automotive HMI market, by end market in term of volume. However, the emerging trend of enhancing user experience inside the vehicle and reducing driver distraction in mid-priced passenger car segment has also helped the automotive HMI market to grow.
The multimodal HMI segment in automotive HMI market, by access type, is estimated be the fastest growing during the forecast period. Owing to factors such as enhancement of safety and comfort features of the vehicle, and growing demand for Autonomous vehicle.
- Automotive HMI manufacturers
- HMI experts
- HMI software developers
- Industry experts
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The Asia-pacific market is estimated to be the largest market with the highest market share of the Automotive HMI market by value and volume. The Asian automotive HMI market is projected to be the largest market owing to the increasing vehicle production and sales due to an increase in disposable income in countries like India and China.
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