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Automotive HMI Technologies Market Segmentation By Product type (Voice Control, Head up Display, Instrument Cluster and Central display); By Technology (Visual, Acoustic, Haptic and Mechanical); By Access type (Standard HMI and Multi-Modal HMI); By Vehicle type (Passenger Vehicle and Casual Vehicle) - Global Demand Analysis and Opportunity Outlook 2027

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Extensive insights into the Growth of Automotive HMI Technologies Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Product Overviews

Automotive HMI Technologies is the technology in which driver can have communication with the automobile without disturbance while driving the vehicle. Human machine interface is used to convert the data into useful facts. Some of the key features of HMI technologies are speech recognition, customization etc. The added advantage of using HMI is that it connects the driver to outside world and gives the important information such as weather updates, traffic condition etc. The HMI technology is continuously evolving and is used in both expensive and low cost machines. HMI technology is relatively advanced technology which is used in Automobile in order to improve the performance and increase the safety of the people.

Market Size and Forecast

The CAGR of global automotive HMI technologies is expected to be around 13.5% during the year 2018-2027.It is anticipated that global automotive HMI technologies market be valued at USD 30 Bn by 2027.

The Automotive HMI technologies market is segmented on the basis of product type, technology, access type and vehicle type. On the basis of product type global automotive HMI technologies is segmented into voice control, central display, Instrument cluster and head up display. The head-up display (HUD) segment is projected to be the fastest growing segment during the forecast period. On the basis of technology, it is segmented into visual, acoustic haptic and mechanical. The   visual HMI technology is expected to dominate in the future on the account of high application in automotive industry.

By region, global automotive HMI technologies market is segmented into North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Global automotive market is dominated by North America and is expected to be the leading during the forecast period. This is attributed to the high demand for luxury cars in North America. Asia-pacific region is anticipated to witness rapid growth in the upcoming years. Asia Pacific countries such as China and India are investing heavily for developing technologies that is efficient in maintaining safety and security.CLICK TO DOWNLOAD FREE SAMPLE

Market Segmentation

Our in-depth analysis segmented the global automotive HMI technologies market in the following segments:

By Product type:

  • Voice Control
  • Central Display
  • Instrument Cluster
  • Head up Display (HUD)

 By Technology type:

  • Visual
  • Acoustic
  • Haptic
  • Mechanical

 By Access type:

  • Standard HMI
  • Multi-Modal HMI

By Vehicle type:

  • Passenger vehicle
  • Commercial vehicle

By Region

Global automotive HMI technologies market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.

Automotive HMI Technologies Market Graph

Growth Drivers and Challenges

High demand from automotive industry on the account of increasing need for safety and security is driving the market growth of automotive HMI technologies. It offers variety of ways to communicate such as touch screen, voice recognition etc., which help the driver to understand the complicated situations and enhances the driving capabilities making it safe for driver to drive without distractions. The technology Advanced driver assistance system (ADAS) uses automatic brake and lane assist is gaining traction in automotive industry. Rapid urbanization , high disposable income and   growing population are key drivers for Automotive HMI technology. Companies operating in the HMI technologies market are continuously investing in R&D activities in order to offer advanced technology with differentiated features. Moreover, companies are adopting various strategies in order to expand its foothold across the globe.

Key Players

  • Denso Corporation
  • Alpine Electronics, Inc.
  • Synaptics Incorporated
  • Clarion Co. Ltd.
  • Magneti Marelli S.p.A.
  • Delphi Automotive PLC
  • Continental AG
  • Robert Bosch
  • Valeo S.A.
  • Altran Technologies
  • Visteon Corporation
  • Luxoft Holding, Inc.
  • Voicebox Technologies

 


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