The global automotive HMI market was estimated to be US$ 12.4 Billion in 2022 and is expected to reach US$ 28.98 Billion by 2032 at a CAGR of 8.9%.
Latest technological innovations and rising demand for connected and autonomous vehicle are key factors driving industry growth for the past few years. Rising research and development activities coupled with declined cost of HMI systems are expected to favor market progress as well. Additionally, increasing demand for high-end luxury cars with advanced HMI systems is anticipated to propel market growth over the coming years.
Growing per capita income and need for convenience and comfort are other factors complementing industry growth as well. Development of the multimodal HMI systems with advanced features including the multiple interfaces and a holistic HMI system is driving more customers towards HMI systems.
Major players dominating the global market include Alpine Electronics Inc., Altran Technologies SA, Continental AG, Clarion Co. Ltd., Delphi Automotive PLC, Harman International Industries, Inc., Luxoft Holding, Inc., Magneti Marelli S.P.A., Synaptics Incorporated, Visteon Corp., Valeo S.A., and Voicebox Technologies among others.
The report titled “Automotive HMI Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global automotive HMI market.
Furthermore, the report would reflect on the key developments, global & regional sales network, business strategies, security & exchange overview, research & development activities, production facilities, product portfolio, employee strength, and key executive, for all the players considered under the scope of study. For instance, Continental AG reported revenues of US$ 49.76 Billion in 2018 and the segment and geographic analysis of the company indicates that automotive group is the dominating revenue segment of the company, with the Europe being the major revenue generating region.
The automotive HMI market study takes into consideration market segmentation based on technology, product type, access type, end use, vehicle type, and geography. Based on technology, the market is segmented into visual interface, acoustic interface and other. Based on product type, the global automotive HMI market is segmented into voice control systems, central displays, instrument clusters, steering mounted controls, heads-up displays (HUD), rear seat entertainment (RSE) displays, and multifunction switches. Based on access type, the market is segmented into standard HMI and multimodal HM. On the basis of end use, the market is segmented into economic, mid-price and luxury vehicle. Based on vehicle type, global automotive HMI market is segmented into commercial and passenger. By Geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Europe region currently holds major market share, owing to the rising per capita income and increasing R&D activities over the past few years.
The study provides in-depth analysis of individual company considered under the scope of study with a focus on all operating business segment, and would identify the segment of the company focusing on automotive HMI solutions. Further, market share of company in the global market would also be calculated. For instance, Continental AG operates through three segments namely Chassis & Safety, Powertrain, Interior, Tires, ContiTech, and Other. Moreover, the company offers Automotive HMI under the Interior business segment which generated a revenue of US$ 2691.46 Mn in 2018. The report study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the automotive HMI companies. Furthermore, the global automotive HMI market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the automotive HMI business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global automotive HMI market.
In February 2017, Renesas Electronics Corporation (“Renesas”, TSE: 6723), a premier supplier of advanced semiconductor solutions, and Intersil Corporation (“Intersil”, NASDAQ:ISIL), a leading provider of innovative power management and precision analog solutions, today announced the completion of Renesas’ acquisition of Intersil Corporation. The transaction brings together the advanced technology and deep end-market expertise of the two companies, and solidifies Renesas’ position as a leading global supplier delivering advanced embedded systems to customers.
By Technology
By Product Type
By Access Type
By End Use
By Vehicle Type
By Geography
The automotive HMI market is expected to reach US$ 28.98 Billion by 2032.
The automotive HMI market is expected grow at a CAGR of 8.9% between 2023 to 2032.
The automotive HMI market was estimated to be US$ 12.4 Billion in 2022.
Key automotive HMI market players are Alpine Electronics Inc., Altran Technologies SA, Continental AG, Clarion Co. Ltd., Delphi Automotive PLC, Harman International Industries and others.
The automotive HMI market has been assessed for the years 2019 to 2032.
Copyright © 2024 Same Page Management Consulting Pvt. Ltd. (insightSLICE) | All Rights Reserved