Global Automotive Human Machine Interface Market Size, Trends and Growth opportunity, By Product Type (Voice Control System, Central Displays, Head-Up Displays and Others), By Technology (Visual, Acoustic), By Vehicle Type (Economy Passenger cars, Mid-Price Passenger cars and Luxury Passenger Cars), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Report ID : IR1001090 | Industries : Automotive and Transportation | Published On :May 2024 | Page Count : 242
Global Automotive Human Machine Interface Market Size, Trends and Growth opportunity, By Product Type (Voice Control System, Central Displays, Head-Up Displays and Others), By Technology (Visual, Acoustic), By Vehicle Type (Economy Passenger cars, Mid-Price Passenger cars and Luxury Passenger Cars), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Automotive Human Machine Interface Market
Global Automotive Human Machine Interface Market was valued at USD 23.15 billion in 2021 and is expected to reach USD 30.5 billion by 2027, at a CAGR 3.96% from 2022-2027.
Automotive Human Machine Interface (HMIs) allow drivers and passengers to interact with their vehicles in a far more natural way. Via in-car touch screens and buttons, push rotary controllers, swipe, and gesture functions, and even speech recognition technology.
HMIs are used as an operator control panel to PLCs, RTUs, and in some cases directly to IEDs. HMIs replace manually activated switches, dials, and other controls with graphical representations of the control process & digital controls to influence the process.
Market Drivers
The incorporation of mobility & cloud technology in the automobile sector is enabling the provision of seamless on-the-go-experiences such as connectivity, advanced navigation, and smart safety. Also, the rising importance of mass customization across car segments is driving the need for personalized solutions. The evolution of the connected vehicle market is projected to speed up the process and this will enhance the growth in the Human Machine interface market in future.
Market Restraints
The High cost of advanced HMI systems, high power consumption, and cyber security threats are some of the challenging factors for the Human Machine interface market.
Market Segmentation
The Global Automotive Human Machine Interface Market is segmented into Product Type, Vehicle Type, and Region.
Further, based on vehicle type, the market is segmented into economy passenger cars, mid-price passenger cars, and luxury passenger cars.
Regional Analysis
The Global Automotive Human Machine Interface Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the Automotive Human Machine Interface market. North America is one of the early adaptors to various technologies even if they are high on cost. The people living in the region respond quickly to the new technology coming in the market & are often termed as early adopters of new technology.
HMI is also in its initial days in the automotive industry & companies are still performing R&D on the technology to enhance the user experience. During the forecast period it is expected that the region will experience highest CAGR growth with respect to other regions.
Key Players
Various key players are discussed into the Global Automotive Human Machine Interface Market Report including: ALPS ELECTRIC Co., LTD., Altran UK, Atmel Corporation, Continental AG, Cypress Semiconductor Corporation, DENSO Corporation, EAO AG, Elektrobit Automotive GmbH, Faurecia, Luxoft, and Others.
For instance, in March 2020, Cerence signed a global contract with a valuation of USD 125 million with a large European car manufacturer for its industry leading voice and AI-based automotive assistants.
Market Taxonomy
By Product Type
• Voice Control System
• Central Displays
• Head-Up Displays
• Others
By Vehicle Type
• Economy Passenger Cars
• Mid-Price Passenger Cars
• Luxury Passenger Cars
By Technology
• Visual
• Acoustic
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Automotive Human Machine Interface Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Automotive Human Machine Interface Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Automotive Human Machine Interface Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Automotive Human Machine Interface Market Share Analysis, By Product Type
5.3 Global Automotive Human Machine Interface Market Size and Forecast, By Product Type
5.3.1 Voice Control System
5.3.2 Central Displays
5.3.3 Head-Up Displays
5.3.4 Others
6 Global Automotive Human Machine Interface Market, By Vehicle Type
6.1 Y-o-Y Growth Comparison, By Vehicle Type
6.2 Global Automotive Human Machine Interface Market Share Analysis, By Vehicle Type
6.3 Global Automotive Human Machine Interface Market Size and Forecast, By Vehicle Type
6.3.1 Economy Passenger Cars
6.3.2 Mid-Price Passenger Cars
6.3.3 Luxury Passenger Cars
7 Global Automotive Human Machine Interface Market, By Technology
7.1 Y-o-Y Growth Comparison, By Technology
7.2 Global Automotive Human Machine Interface Market Share Analysis, By Technology
7.3 Global Automotive Human Machine Interface Market Size and Forecast, By Technology
7.3.1 Visual
7.3.2 Acoustic
8 Global Automotive Human Machine Interface Market, By Region
8.1 Global Automotive Human Machine Interface Market Share Analysis, By Region
8.2 Global Automotive Human Machine Interface Market Share Analysis, By Region
8.3 Global Automotive Human Machine Interface Market Size and Forecast, By Region
9 North America Automotive Human Machine Interface Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Automotive Human Machine Interface Market Share Analysis, By Product Type
9.3 North America Automotive Human Machine Interface Market Share Analysis, By Vehicle Type
9.4 North America Automotive Human Machine Interface Market Size and Forecast, By Technology
9.5 North America Automotive Human Machine Interface Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Automotive Human Machine Interface Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Automotive Human Machine Interface Market Share Analysis, By Product Type
10.3 Europe Automotive Human Machine Interface Market Share Analysis, By Vehicle Type
10.4 Europe Automotive Human Machine Interface Market Size and Forecast, By Technology
10.5 Europe Automotive Human Machine Interface Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Automotive Human Machine Interface Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Automotive Human Machine Interface Market Share Analysis, By Product Type
11.3 Asia Pacific Automotive Human Machine Interface Market Share Analysis, By Vehicle Type
11.4 Asia Pacific Automotive Human Machine Interface Market Size and Forecast, By Technology
11.5 Asia Pacific Automotive Human Machine Interface Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia Pacific
12 Latin America Automotive Human Machine Interface Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Automotive Human Machine Interface Market Share Analysis, By Product Type
12.3 Latin America Automotive Human Machine Interface Market Share Analysis, By Vehicle Type
12.4 Latin America Automotive Human Machine Interface Market Size and Forecast, By Technology
12.5 Latin America Automotive Human Machine Interface Market Size and Forecast, Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Automotive Human Machine Interface Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Automotive Human Machine Interface Market Share Analysis, By Product Type
13.3 Middle East Automotive Human Machine Interface Market Share Analysis, By Vehicle Type
13.4 Middle East Automotive Human Machine Interface Market Size and Forecast, By Technology
13.5 Middle East Automotive Human Machine Interface Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 ALPS ELECTRIC Co., LTD.
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Altran UK
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.25 Key Market Developments
15.2.6 Key Strategies
15.3 Atmel Corporation
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Continental AG
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Cypress Semiconductor Corporation
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 DENSO Corporation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 EAO AG
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Elektrobit Automotive GmbH
15. 8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Faurecia
15.9.1 Overview
15.9.2 Offerings
15.4.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Luxoft
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies