Automotive Human Machine Interface Market

Global Automotive Human Machine Interface Market Size (2024 to 2029)

The global automotive human-machine interface market is expected to reach USD 41918.84 million in 2024 and reach USD 71274 million by 2029, growing at a CAGR of 11.20% from 2024 to 2029.

CURRENT SCENARIO OF THE GLOBAL AUTOMOTIVE HUMAN MACHINE INTERFACE MARKET

Features, such as alarm warnings, secure messaging, and enhanced internal communications, should provide a facility with a safety, operational, and production advantage. The new HMIs are expected to reduce operating costs by replacing traditional buttons, lights, and switches, reducing the need for additional cables and display panels, and further improving machine monitoring.

MARKET DRIVERS:

The increasing adoption of a better interior for vehicles and the growing consumer concern for safety and security features are the main factors driving the growth of the automotive HMI market.

The importance of user interfaces has become increasingly clear in recent years. Apple products, such as the iPod or iPhone, are iconic examples of how intuitive user interfaces have completely changed the perception of certain types of products. The success of Apple products and other consumer products clearly shows that aesthetic products, graphics, and the standard environment contribute significantly to brand distinctiveness and the consistency of customer experiences. Many industrial companies have reached the same conclusion and are beginning to focus more on the quality of the user interfaces of their products. Higher levels of functions and interactions built into the HMI and growing user needs, such as multi-touch screens and high-quality displays, are expected to drive market growth.

Furthermore, the development of vehicle creation and deals in non-industrial nations in Asia-Pacific is additionally affecting the development of the auto HMI market. The development of the auto HMI portion of the overall industry is straightforwardly subject to the headway of infotainment and correspondence frameworks.

MARKET RESTRAINTS:

However, driver distraction is an issue that is expected to restrict the adoption of human-machine interface systems in the automotive industry for the foreseeable future. Strict mechanisms to avoid any unfavorable features in the car, especially when the car is in motion, is a key challenge that car manufacturers and suppliers of automotive man-machine interface systems must address.

Impact Of COVID-19 On The Automotive Human-Machine Interface Market:

The global lockdown imposed to protect people from the severe effects of the coronavirus is coming to an end and companies plan to restart operations. It will take fifteen days of preparation to launch into business operations. The COVID-19 pandemic has had a sudden and drastic impact on the globally integrated auto industry. The impacts include disruptions in the shipment of Chinese auto parts, delays in large-scale manufacturing in Europe, and the closure of many equipment factories in the United States. This is putting great pressure on the automotive human-machine interface market, which is already facing declining global demand and is likely to exit M&A activity.

The pandemic has exposed several challenges for the automotive sector. Many countries are still preparing for the further spread of the virus. Countries such as Italy, South Korea, and Japan are the most affected among the main industrialized economies. Most of the automotive sector in these regions has a severe impact on the economy and most of them lack the staff to operate a complete production line. However, to overcome this unprecedented challenge, auto industry players have embraced digitization to adapt to the new standard to serve consumers while learning to be agile to keep companies operating according to operating procedures. COVID-19 standards and focus on economic health by reducing costs. And generate free cash flow. In addition, with the rapid production and distribution of COVID-19 vaccines and drugs, the situation is expected to return to normal very soon, and companies are preparing to overcome losses by increasing production, advertising, and quality, which should improve demand for the global automotive human machine interface market in the near future.

REPORT COVERAGE:

SEGMENTAL ANALYSIS

Global Automotive Human Machine Interface Market - By Product:

On the basis of product type, the infotainment segment dominated the global automotive human-machine interface market in terms of revenue in 2020. Infotainment systems have become a standard feature in most vehicles.

Global Automotive Human Machine Interface Market - By Technology:

The mechanical portion ruled the worldwide car human-machine interface market, as far as income, in 2020. Voice control is assessed to be an extremely worthwhile portion because of the expanding interest in voice acknowledgment-based highlights in vehicles. Moreover, the current COVID-19 pandemic flare-up has expanded the prevalence of contactless HMI frameworks.

KEY PLAYERS IN THE GLOBAL HUMAN MACHINE INTERFACE MARKET

ALPS ALPINE CO., LTD., CAPGEMINI ENGINEERING, Clarion, Continental AG, Denso Corporation, EAO AG, Harman International, Luxoft, Marelli Holdings Co., Ltd., Nuance Communications Inc., Panasonic Corporation, Robert Bosch GmbH, Socionext Inc., Tata ELXSI, Valeo SA, Visteon Corporation, Yazaki Corporation are playing a dominant role in the global automotive human interface market.

RECENT HAPPENINGS IN THE GLOBAL HUMAN INTERFACE MARKET:

• Clarion Co., Ltd. aims to overcome the challenges driving automation and the connected car pose to automotive HMIs by providing new onboard information systems that offer transparent access to information.
• The Horizon2020 MEDIATOR project aims to develop an intelligent support system for road transport that mediates between automatic and human driving, allowing a safe and real-time change between a person and a machine by monitoring and information on weighing and the status of vehicle automation. Mediator systems will customize smart technology based on the capabilities of each driver and the strengths of the automated system.
• TOKAI RIKA Co., Ltd. and Alps Alpine Co., Ltd. together fostered a capacitive screen board as an interface item. New age human-machine (HMI) that works with protected and agreeable versatility by permitting instinctive control of an assortment of data through capacities, for example, vehicle route frameworks and radiator control switches. The organizations will keep on fostering the item and present recommendations to likely clients for its execution in 2024.
• Alps Alpine Co., Ltd. (Tokyo: 6770; President and CEO: Toshihiro Kuriyama) has consented to another permit arrangement with Immersion Corporation (San Francisco, California, USA), a main designer and licensor of innovation from material input. The understanding covers Alps Alpine's utilization of Immersion's Active Sensing ™ # innovation and expands on a longstanding coordinated effort to reinforce auto human-machine interface (HMI) exercises.

DETAILED SEGMENTATION OF THE GLOBAL AUTOMOTIVE HUMAN MACHINE INTERFACE MARKET INCLUDED IN THIS REPORT

This research report on the global automotive human-machine interface market has been segmented & sub-segmented based on the product type, type, and region.

By Product:

• Central Display
• Instrument Cluster
• Head-up Display
• Others

By Technology:

• Visual Interface
• Acoustic
• Mechanical
• Others

By Region:

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East and Africa