The increasing demand for connected cars is likely to propel the market expansion of automotive Human Machine Interface (HMI), which is also called Man-Machine Interface (MMI). Global Automotive HMI Market Is Predicted To Grow At A CAGR Of 8.5% By 2022.
The ability of HMI to provide voice notifications, visuals and alerts for functions such as internet, GPS navigation and information also contributes to the growth of the market. Automotive HMI are usually preferred in vehicles for long distance travelling.
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Automotive HMI Market Competitive Analysis:
The key players profiled by MRFR in its report for gaining a deeper insight into the market include Denso Corporation (Japan), Synaptics Incorporated (U.S), Clarion Co. Ltd. (Japan), Alpine Electronics, Inc. (Japan), Magneti Marelli S.p.A. (Italy), Continental AG (Germany), Robert Bosch (Germany), Delphi Automotive PLC (U.K), Valeo S.A. (France), Visteon Corporation (U.S.), Altran Technologies, SA (France), Luxoft Holding, Inc. (Switzerland), and Voicebox Technologies (U.S.) among others. The strategies employed by the players for gaining prominence in the market are acquisitions & mergers, technological innovations, product developments, strategic alliances, etc.
Drivers and Constraints Impacting the Market:
The technological advancements adopted by the automotive industry leaders for providing convenient user experience will create the demand for HMI solutions over the next couple of years. The key trends witnessed in automotive HMI market that will favor the global market expansion include increased safety features, integration of smartphone with HMI, and gestures & voice recognition for enhanced user experience among others. Furthermore, the increased sales of passenger and commercial vehicles will further encourage the automotive HMI market proliferation.
Other factors responsible for the automotive HMI market proliferation include innovations in the automotive sector, increase in disposable income, the booming automotive industry, etc. Furthermore, the rapid expansion of the luxury cars market is likely to accelerate revenue generation from global automotive HMI market.
Global Automotive HMI Market Segmental Analysis:
This study provides an overview of the global automotive HMI market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Automotive HMI market by its product, technology and region.
Automotive HMI Market Regional Insights:
North America region is dominating the market for automotive HMI, having the most advanced automotive industry in the region. Major original equipment manufacturers (OEMs) in the region such as Ford Motors, General Motors and others are also contributing to the growth of the market.
In Asia Pacific, countries such as China, and Japan are becoming manufacturing hubs for automakers due to the lower costs involved. Also, the increase disposable income will result increased sales of vehicles. This will result in growing demand for HMI in the vehicles. The rising demand for premium features along with the comfort features in the automotive industry is driving the growth of the market in the region.
The presence of developed economies and the booming automotive sector is complementing the market growth in Europe region. Rest of the World market will contribute the least towards the global market proliferation owing to limited technological penetration.
In July 2018, the U.S. based ‘Microchip’ announced the launch of its MGC3140, which is the world’s first automotive-qualified three-dimensional (3D) tracking and gesture controller.
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