Automotive HMI Market: Current and Future Demand 2021

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Automotive HMI Market
Automotive HMI Market

Technological advancements in current generation automotive HMI along with the increasing trend of the connected and autonomous vehicles are further expected to drive the automotive human-machine interface market. The whole ecosystem is working on introducing the latest technology. For instance, the majority of the players are currently developing multimodal HMI systems by integrating the multiple interfaces and creating a holistic HMI system.

The Automotive HMI Market is projected to grow at a CAGR of 11.93%, to reach USD 28.13 billion by 2021.

The automotive HMI market consists of various major system manufacturers and software developers. Companies such as 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.) are the system manufacturers in the automotive human-machine interface market and companies such as Luxoft Holding, Inc (Switzerland), and Altran Technologies SA (France) are the software and technology providers.

Opportunities:

  • The advent of concept cars and electric vehicles in the automotive industry
  • Growth in mobility services
  • Integration of multiple technologies (Adaptive & Holistic HMI)
  • Increase in demand for autonomous vehicles

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North America is the fastest-growing market for the automotive HMI market. The North American automotive industry is one of the most advanced industries in the world. The wide customer base and high disposable income levels are expected to result in increased consumer spending on premium features in the vehicle, which would also contribute to the growth of the automotive HMI market.

Asia-Pacific was the largest regional automotive HMI market. An increase in disposable income in developing countries such as India and China and rising demand for premium as well as comfort features are the key growth drivers for the market in this region.

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The fastest-growing segment by access type in the automotive HMI industry is the multimodal HMI market. The multimodal HMI helps in crafting an accident-free vehicle by combining different modules of HMI into a single module, which helps in reducing the driver workload and distraction chances. For instance, the BMW group showcased its advance HMI technology “HoloActive Touch”, a central control system that works without any physical contact with the surface material.

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 features in order to provide better in-vehicle features.

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 promoting the growth of the visual interface market.

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