Automotive HMI Market Prognosticated To Accrue With A Whooping CAGR by 2022: Asserts MRFR

“Automotive HMI Market”
Global Automotive HMI Market Information Report by Product (Voice Control, Central Display, Instrument Cluster, HUD, Others), By Technology (Visual, Acoustic) and By Region – Forecast To 2022

Industry News:

January, 2014– Continental Corporation, an automotive supplier, unveiled their concepts for a “holistic human-machine interface (HMI)”.  The idea is to better merge man and machine to create a unique driving experience. According to one of the spokesperson “in contrast to the static HMI of the past, the vehicles of the future have to offer a holistic HMI. The vehicle should always be ready to serve the driver. This is why the HMI has to flexibly adapt to the traffic situation and also to the driver’s momentary status

 

October, 2017 – Mitsubishi Electric Emirai 4 developed a next-gen Automotive HMI technology. The systems, which will be integrated into road cars in 2018, allow passengers to interact with an on-board computer and gain information via augmented reality. Mitsubishi Electric has used the concept called Emirai 4, an electric and autonomous-capable vehicle, to illustrate the technology. The car uses a head-up display to superimpose a computer-generated image onto the view ahead. This can enhance road features such as white lines and road markings to improve visibility for the driver. Additionally, the concept offers a 360deg view of its surroundings with objects shown in 3D, rather than 2D like current production car systems.

 

Sep 07, 2017 – Continental, a developer of advanced driver assistance systems, launched its innovation of developed new human-machine interface that places the control of a vehicle at the user’s fingertips. The HMI – which is designed to be integrated into a vehicle dashboard provides a central input device for manoeuvre control in the center console as an element of the holistic human-machine dialogue, says the company.

 

November 15, 2013 Faurecia and Magneti Marelli signed cooperation agreement for advanced automotive Human-Machine Interface applications. Faurecia and Magneti Marelli announced the signature of a cooperation agreement for the design, development and manufacturing of advanced human-machine interface (HMI) vehicle interior products. The agreement will increase the added-value of the interior business solutions that Faurecia and Magneti Marelli provide to automakers and end-customers.

 

Automotive HMI Industry Players:

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, SA (France), Visteon Corporation (U.S.) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Automotive HMI Market.

 

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Automotive HMI Global Market – Overview

The Global Automotive HMI Market is growing with the rapid pace. According to a recent study report, published by the Market Research Future, The global market of Automotive HMI will grow moderately over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2027). 

 

The Automotive HMI market has witnessed a staggering increase in demand in recent times mainly due to the increasing focus of governments across the world to increase in-vehicle safety coupled with growing awareness among individuals regarding advantages of integrating Automotive HMI in vehicles.

 

Whereas, high installation cost is expected to act as a major hurdle for the automotive HMI market during the forecast period. On the other hand, emphasis on improving the safety standards in automobiles and the global environmental conditions are leading to the higher acceptance of telematics services such as emergency road assistance in the use of global navigation satellite system which, in turn, is expected to result in increasing demand for HMI systems.

 

The global market for automotive HMI is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. The growth of the market vendors is dependent on the market conditions, government support, and industry development. Intense competition, rapid advances in technology, and frequent changes in government policies are key factors that confront the market growth.

 

Connected vehicles is expected to be a key driver for the HMI industry in the automotive sector. The connect vehicles enable drivers to ace real time traffic information and thus enables individuals to reach their destination faster as compared to traditional vehicles.  Vehicle management systems keep track of data regarding the vehicles performance and automatically send data to the fleet owners and insurance companies. In previous years nearly 70% of the revenue generated in the HMI market came from premium vehicles. Therefore the obvious next step for the HMI providers is to cater to the masses by integrating these features in entry level vehicles and ultimately widening there customer base.

 

Automotive HMI Market – Segmentation

The Global HMI Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation By Product: Comprises oice Control, Central Display, Instrument Cluster, HUD, Others.

Segmentation By Technology: Comprises Visual and Acoustic.

Segmentation By Vehicle Type: Comprises Passenger Vehicle and Commercial Vehicle

Segmentation By Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

 

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Automotive HMI Market: Regional Analysis

Automotive HMI Global Market is expected to be dominated by North America, with the largest market share due to developed automotive industry and also due to increase in number of automotive projects in the region, and therefore projected for accounting a huge economy by 2027.  Additionally existence of major manufacturers and availability of sophisticated technology in this region is expected to attract major investors and thus propel the demand in North America during the forecast period.

 

Automotive HMI Market in Asia-Pacific market is expected to grow at a considerable rate of CAGR.  And this growth is driven by constant developments and technological innovations across industries, economic development in China, Japan, and India, growing infrastructure developments, and increasing foreign investment in the region. Furthermore, the emergence of China as the major manufacturing hub is increasing the scope of Automotive HMI solutions in the region. Rapidly rising vehicle production in this region is expected to further aid the growth of the automotive HMI market during the forecast period.

 

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