+1-888-308-5802     
News Contact Us

Automotive Human Machine Interface (HMI) Market Worldwide Industry Details by Top Manufacture, Price, Supply-Demand, Recent Trends, Share, Development Trend and End User Analysis, Outlook for 2024

Author : Ronak Bora | Published Date : 2020-08-19 

Automotive HMI Market is projected to surpass USD 27 billion by 2024. HMI systems allow real-time human-to-machine or machine-to-machine interaction to enable the vehicle operators to collect information about the status and performance of the vehicle. These systems are being deployed increasingly to enhance every aspect of the in-car experience by improving safety, remote diagnostics, and speech assistance.

The factors driving the automotive HMI market growth include the growing demand for smart vehicles that have integrated infotainment systems, which provide a combination of information and entertainment for an enhanced user experience. The widespread use of Advanced Driving Assistance Systems (ADAS) to enable better fleet management and ensure vehicle and driver safety will also propel the automotive HMI market growth. Another factor augmenting the market growth is the shifting consumer trends toward luxury cars due to a rise in the disposable income.

Request sample copy of this report @ https://www.decresearch.com/request-sample/detail/1370

The integration of smartphones with the infotainment systems of vehicles has also increased the demand for multi-modal in-car interfaces. The automakers are using app integration by implementing various in-vehicle platforms, which allow users to simultaneously use music, messaging, and navigation software. This will fuel the growth of the automotive HMI market.

As per the access type, the multimodal interface segment is expected to witness the highest growth with a CAGR of around 20% throughout the forecast timeline. These systems allow users to use more than one mode such as speech, haptic interaction, and visuals at a time to interact with the system, reducing driver distraction. The increasing demand for safety and comfort features in the cars will foster the automotive HMI market growth.

The competition in the automotive HMI market is expected to intensify over the forecast timeline. The market growth is driven by huge investments made by government agencies, automakers, and tech giants in the emerging automotive technologies. The global automakers are expanding their line up by opening new production facilities. They are also entering into strategic partnerships and agreements to develop the next-generation in-car infotainment solutions. Increasing investments by the automakers in Artificial Intelligence (AI) and cloud technology further contribute to the growth of the market.

Make Inquiry about this report @ https://www.decresearch.com/inquiry-before-buying/1370

North America is projected to hold a market share of about 20% in 2024 due to an increase in the number of several connected vehicles that are equipped with smart interfaces and advanced technology platforms to improve the overall driving experience. Several benefits including driver assistance and smart traffic control associated with the use of IoT platforms in vehicles will drive the demand for HMI systems. The demand for automotive HMI is expected to increase over the forecast timeline as a majority of the vendors in this region are introducing new technology-enabled platforms for the vehicles to enhance the inter & intra-vehicular communication.

The automotive HMI market in Europe is projected to register an accelerated growth with a CAGR of over 13% during the forecast period. An increase in the production of passenger cars and commercial vehicles is expected to fuel the demand for integrated infotainment systems that provide information and entertainment for an enhanced, in-vehicle experience. Another driving factor is the increasing demand for autonomous cars that compels the automakers to invest in next-generation technologies such as gesture recognition, AI, and machine learning to enhance in-vehicle infotainment & communication experiences.

Table Of Content

Chapter 1.   Methodology & Scope

1.1.  Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope

1.1.5. Definition

1.1.6. Methodology and forecast parameters

1.2.  Data Sources

1.2.1. Primary

1.2.2. Secondary

1.2.2.1.   Paid sources

1.2.2.2.   Public sources

Chapter 2.   Executive Summary

2.1.  Automotive HMI industry 360º synopsis, 2013- 2024

2.1.1. Regional trends

2.1.2. Interface type trends

2.1.3. Vehicle type trends

2.1.4. Access type trends

2.1.5. Product trends

Chapter 3.   Automotive HMI Industry Insights

3.1.  Introduction

3.2.  Industry segmentation

3.3.  Industry landscape, 2013-2024

3.4.  Automotive HMI ecosystem analysis

3.4.1. HMI component providers

3.4.2. HMI software providers

3.4.3. HMI solution providers

3.4.4. Automotive manufacturers

3.4.5. Distributors

3.4.6. End users

3.5.  Automotive HMI architecture analysis

3.6.  Automotive HMI evolution

3.7.  Passenger car production statistics (2017)

3.8.  Commercial vehicle production statistics (2017)

3.9.  Technology & innovation landscape

3.9.1. Virtual Reality (VR) and Augmented Reality (AR)

3.9.2. Artificial Intelligence (AI) and machine learning

3.9.3. Cloud computing

3.9.4. Telematics

3.9.5. Speech recognition

3.10.    Regulatory landscape

3.10.1.  U.S

3.10.2.  Canada

3.10.3.  UK

3.10.4.  Germany

3.10.5.  France

3.10.6.  Italy

3.10.7.  Spain

3.10.8.  Sweden

3.10.9.  Netherlands

3.10.10.   China

3.10.11.   Japan

3.10.12.   India

3.10.13.   South Korea

3.10.14.   Australia

3.10.15.   Southeast Asia

3.10.16.   Mexico

3.10.17.   Brazil

3.10.18.   Argentina

3.10.19.   South Africa

3.10.20.   UAE

3.10.21.   Saudi Arabia

3.11.    Industry impact forces

3.11.1.  Growth drivers

3.11.1.1.   Growing adoption of automotive IoT

3.11.1.2.   Increased adoption of Advanced Driver Assistance System (ADAS) for fleet management

3.11.1.3.   Growing production of passenger cars

3.11.1.4.   Use of gestures for enhanced human-car interactions

3.11.1.5.   Integration of smartphones with vehicles

3.11.2.  Industry Pitfalls and Challenges

3.11.2.1.   Safety and security concerns related to connected cars

3.11.2.2.   HMI design and complexity issues

3.11.2.3.   Interoperability issues

3.12.    Porter’s Analysis

3.12.1.  Threat of new entrants

3.12.2.  Threat of substitutes

3.12.3.  Bargaining power of buyer

3.12.4.  Bargaining power of supplier

3.12.5.  Industry rivalry

3.13.    PESTEL analysis

3.14.     Growth potential analysis

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

Related News

Acne Medication Market 2020 growth factors, latest trend and regional analysis of leading players by 2024

Published Date: 2020-09-21         Author: Ronak Bora

Acne Medication Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challeng... Read More

Immunohematology Market 2020 By Revenue, Top Trend & Regional Growth Forecast

Published Date: 2020-09-21         Author: Ronak Bora

Immunohematology Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challen... Read More

HIV Diagnostics Market 2020 By Regional Trend & Growth Forecast To 2024

Published Date: 2020-09-21         Author: Ronak Bora

HIV Diagnostics Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challeng... Read More

© 2020 Fractovia. All Rights Reserved