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(USGovernment-News.Com, November 23, 2018 ) According to recent research “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%. Technological advancements in current generation automotive HMI along with the increasing trend of the connected and autonomous vehicle are further expected to drive the automotive HMI market. The whole ecosystem is working on to introduce the latest technology. For instance, the majority of the players are currently developing the multimodal HMI systems by integrating the multiple interfaces and creating a holistic HMI system. The base year considered for the study is 2015, and the forecast year is 2021.
The instrument cluster is expected to drive the global automotive HMI market
It is the electronic instrument cluster or digital dashboard which displays the digital readout rather than analog gauge. They can be TFT displays with high-resolution automotive grade and ergonomic design. The instrument cluster has also gradually evolved from an analog to fully digital instrument cluster. The trend is further expected to continue with 3D instrument clusters being incorporated in premium vehicles. These systems are also incorporating other features like a navigation system and various other controls such as reconfigurable settings, advanced driver assistance system (ADAS) information display which was earlier not part of it. Thus, the instrument cluster segment is expected to have the highest market share in the automotive HMI market.
Browse and in-depth TOC on “Automotive HMI Market"
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.
The head-up display (HUD) segment is estimated 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.
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 the Autonomous vehicle.
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, 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 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 the increase in disposable income in countries like India and China.
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.
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