The automotive human machine interface (hmi) from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automotive Human Machine Interface (HMI) Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The automotive human machine interface (HMI) market size has grown rapidly in recent years. It will grow from $21.02 billion in 2023 to $23.41 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to increased demand for connected vehicles, increased integration of advanced driver assistance systems, increased demand for in-vehicle entertainment, increased focus on energy efficiency, and increased focus on ergonomics.
The automotive human machine interface (HMI) market size is expected to see rapid growth in the next few years. It will grow to $36.52 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to the increasing ability of HMI to provide impeccable driver safety, rising infotainment application solutions, growing urbanization and smart cities, increase in autonomous automobiles to improve the driving experience, rising demand for remote vehicle monitoring and control. Major trends in the forecast period include adoption of AR heads-up display, advancement in AI and ML, power seat controls, occupation detection, and biometric systems.
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Scope Of Automotive Human Machine Interface (HMI) Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Automotive Human Machine Interface (HMI) Market Overview
Market Drivers –
The increasing number of autonomous vehicles is expected to propel the growth of the automotive human-machine interface (HMI) market going forward. Autonomous vehicles are self-driving vehicles that employ advanced sensor technologies, computer systems, and artificial intelligence to operate and navigate without constant human intervention or monitoring. The increasing number of autonomous vehicles is due to advancements in artificial intelligence and sensor technology, along with substantial investment and support from private companies and governments to enhance safety and efficiency in transportation. Automotive human-machine interfaces (HMI) play a crucial role in autonomous vehicles by facilitating communication and interaction between the vehicle’s systems and its occupants (drivers and passengers). For instance, in December 2022, according to the National Association of Insurance Commissioners, a US-based non-profit organization, there are expected to be 3.5 million autonomous vehicles on American roads by 2025 and 4.5 million by 2030. Therefore, the increasing number of autonomous vehicles drives the growth of the automotive human-machine interface (HMI) market.
Market Trends –
Major companies operating in the automotive human-machine interface market are focused on developing innovative technologies, such as autonomous driving solutions, to strengthen their position in the market. An autonomous driving solution is a comprehensive system or technology enabling vehicles to operate and navigate without direct human input or intervention. For instance, in June 2022, Jidu Auto, a China-based car manufacturer, launched the robocar ROBO-01. The innovative robocar integrates advanced AI-driven autonomous driving capabilities, leveraging radar, lidar, and cameras for real-time environment perception, ensuring safe interaction with pedestrians, vehicles, and infrastructure. Its robust AI-powered computing platform enables rapid decision-making and adaptive responses to dynamic traffic conditions. This robocar boasts an advanced AI voice interaction system with exceptional recognition capabilities, enabling natural communication among humans, the vehicle, and its surroundings. Its large, integrated screen offers an immersive audio-visual experience, significantly enhancing the human-machine interface (HMI).
The automotive human machine interface (HMI) market covered in this report is segmented –
1) By Product Type: Voice Control, Central Display, Instrument Cluster, Steering Mounted Control, Rear-Seat Entertainment (RSE) Display, Heads-Up Display (HUD)
2) By Technology: Visual Interface, Acoustic, Mechanical, Other Technologies
3) By Access Type: Standard, Multimodal
4) By Vehicle Type: Passenger Cars, Commercial Vehicle
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Regional Insights –
North America was the largest region in the automotive human machine interface (HMI) market in 2023. The regions covered in the automotive human machine interface (HMI) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the automotive human machine interface (HMI) market are Volkswagen AG, Toyota Motor Corporation, Luxoft Holding Inc., Ford Motor Company, General Motors Company, Honda Motor Co. Ltd., Hyundai Motor Group, Robert Bosch GmbH, Tesla Inc., Nissan Motor Co. Ltd., Kia Corporation, Panasonic Corporation, Denso Corporation, Continental AG, Valeo S.A., Mitsubishi Motors Corporation, Aptiv PLC, HARMAN International Industries Incorporated, Alpine Electronics Inc., Visteon Corporation, Synaptics Incorporated, Nuance Communications Inc., Clarion Co. Ltd., Tata Elxsi Limited, Magneti Marelli S.p.A.
Table of Contents
1. Executive Summary
2. Automotive Human Machine Interface (HMI) Market Report Structure
3. Automotive Human Machine Interface (HMI) Market Trends And Strategies
4. Automotive Human Machine Interface (HMI) Market – Macro Economic Scenario
5. Global Automotive Human Machine Interface (HMI) Market Size and Growth
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32. Global Automotive Human Machine Interface (HMI) Market Competitive Benchmarking
33. Global Automotive Human Machine Interface (HMI) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Human Machine Interface (HMI) Market
35. Automotive Human Machine Interface (HMI) Market Future Outlook and Potential Analysis
36. Appendix
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