PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1266589
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1266589
Global Automotive Human Machine Interface (HMI) Market is valued at approximately USD XX Billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Display systems are the most important part of the Human Machine Interface system. It is utilised as a means of communication for both information and entertainment. The ADAS system collects data from numerous sensors and shows it on display systems, allowing the driver to better operate the vehicle. Automobile manufacturers improve driver control, safety, and precision while also entertaining passengers by using HMI technologies. Automotive HMI solutions of the future are very significant and contextual for consumers. The Automotive Human Machine Interface (HMI) Market is expanding because of factors such as rising demand for premium vehicles which drives demand for instrument clusters and human-machine interface capability to offer exceptional driver safety.
According to Statista, the global market for luxury cars is expected to be worth over 551 billion euros in 2021, representing a year-on-year increase of more than 9%. In the same year, the worldwide luxury market was estimated to be worth roughly 1,140 billion euros. Mercedes was the luxury car OEM in terms of sales in the financial year 2021, with over 6.8 thousand units sold. BMW and Audi came in second and third, with 5.8 thousand and 2.2 thousand vehicles sold, respectively. In 2018, Mercedes-Benz introduced its first 'Made in India' vehicle and the country's first luxury electric vehicle. Instrument clusters when combined with HMI, enable the development of straightforward solutions while helping to replace the traditional limitations of analogue dashboards. Furthermore, the increasing use of fully digitized 3D instrument clusters in high-end luxury cars and a variety of passenger and commercial vehicles will drive market growth. Also, the emergence of concept cars and electric vehicles in the automobile industry expansion in mobility services will provide lucrative growth opportunities for the market during the forecast period. However, the inadequate cyber security in the system hampers market growth during the forecast period of 2022-2029.
The key regions considered for the Global Automotive Human Machine Interface (HMI) Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the rising import of passenger cars and commercial vehicles with HMI from the European region due to rising regional demand can be attributed to regional growth. Asia Pacific is expected to grow with the highest CAGR during the forecast period. This is due to the region's impressive growth in demand for automotive HMI for high-end and luxury vehicles.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
Global Automotive Human Machine Interface (HMI) Market, Regional Analysis
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable