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“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.
Technological advancements in current generation automotive HMI along with increasing trend of connected and autonomous vehicle are further expected to drive the automotive human machine interface market. The whole ecosystem is working on to introduce latest technology. For instance, majority of the players are currently developing the multimodal HMI systems by integrating the multiple interfaces and creating a holistic HMI system.
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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The visual interface technology is estimated to record the largest market size in automotive HMI, by technology. Factors such as innovations in consumer electronics systems, integration of major interfaces in display systems, and consumer preferences are thereby prompting 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, 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 Autonomous vehicle.
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Asia-Pacific market is estimated to be the largest market with a highest market share of automotive HMI by value and volume. The Asian market is projected to be the largest market owing to the increasing vehicle production and sales due to increase in disposable income in countries like India and China.