The automotive HMI market is estimated to be USD 16.01 billion in 2016, and growing at a CAGR of 11.93%. Technological advancements in current generation automotive HMI along with increasing trend of connected and autonomous vehicle are further expected to drive the automotive HMI market.
Posted January 1,2019 in Cars and Vehicles.
The report "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 projected to grow at a CAGR of 11.93%, from USD 16.01 Billion in 2016 to USD 28.13 Billion by 2021.
The visual interface segment of the automotive HMI market is estimated to have the largest market share, owing to factors such as innovations in consumer electronics systems, integration of major interfaces in display systems, and consumer preferences thereby prompting the growth of the visual interface market.
HUD is the transparent image that is projected on the windshield of a car from the dashboard or on transparent screen called combiner HUDs. This can include anything from the current speed, navigation, temperature, and others. This is a safety feature as the driver need not take his eyes away from the windshield.
Asia-Pacific region is projected to be the largest market in the Automotive HMI market, owing to increased demand for automobiles with rising disposable income in countries such as China and India. The Asia-Pacific automotive HMI market is dominated by China, which is the key market for automobiles in the region owing to increased demand for automobiles and growth in per capita income in the country.
The major players such as Continental AG (Germany), Luxoft Holding, Inc. (Switzerland), Delphi Automotive PLC (U.K.), Valeo S.A. (France), Synaptics Incorporated (U.S.), Clarion Co. Ltd. (Japan), Magneti Marelli S.P.A (Italy), Alpine Electronics, Inc. (Japan), Altran Technologies S.A. (France), and Visteon Corp. (U.S.) are the automotive HMI manufacturers that have been covered in this study.
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