PUBLISHER: The Business Research Company | PRODUCT CODE: 1425254
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425254
Automotive Human-Machine Interfaces Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automotive human-machine interfaces market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automotive human-machine interfaces? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automotive human-machine interfaces market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Automotive Human-Machine Interfaces (HMI) encompass the functions and elements, both hardware and software, including dashboards, employed in automobiles. These interfaces facilitate interaction between vehicle occupants and the vehicle itself, as well as the external environment. They play a crucial role in helping users understand in-car technology, ensuring safe driving experiences, and providing a sense of comfort and control, particularly as self-driving technology becomes more prevalent. Examples of HMI components include voice-activated navigation systems, touchscreens, steering wheel buttons, displays, and driving assistance tools.
The primary products within the realm of automotive human-machine interfaces include the central display, voice control system, steering-mounted control, instrument cluster, head-up display, rear seat entertainment, and multifunction switch. The central display refers to an infotainment system that offers various interactive content such as navigation, cabin temperature controls, music, and entertainment information. These interfaces can be categorized into visual interfaces, acoustic interfaces, and other technologies. They may have standard HMI and multimodal HMI access, featuring both primary and secondary functions. Automotive HMIs are applicable to both passenger vehicles and commercial vehicles, enhancing the overall user experience in diverse automotive settings.
The automotive human-machine interfaces market research report is one of a series of new reports from The Business Research Company that provides automotive human-machine interfaces market statistics, including automotive human-machine interfaces industry global market size, regional shares, competitors with an automotive human-machine interfaces market share, detailed automotive human-machine interfaces market segments, market trends and opportunities, and any further data you may need to thrive in the automotive human-machine interfaces industry. This automotive human-machine interfaces market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automotive human-machine interfaces market size has grown rapidly in recent years. It will grow from $20.8 billion in 2023 to $23.34 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth observed in the historical period within the automotive human-machine interfaces sector can be attributed to several factors. These include advancements in infotainment systems, increasing consumer demand for smart features in vehicles, the influence of safety regulations promoting sophisticated interface designs, efforts to enhance user experience, the rise of hybrid vehicles integrating advanced interfaces, and ongoing developments in autonomous driving technology.
The automotive human-machine interfaces market size is expected to see rapid growth in the next few years. It will grow to $36.29 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The anticipated growth in the forecast period within the automotive human-machine interfaces sector can be attributed to various factors. These include a growing emphasis on energy-efficient vehicles, increased focus on environmental sustainability, the continuous evolution of smart cities that demand advanced interfaces, adherence to regulatory compliance and safety standards, and considerations for ergonomics and design aesthetics. Major trends expected in the forecast period include the widespread adoption of touchscreen displays and gesture recognition for more intuitive interactions, the integration of voice-activated controls and natural language processing to enhance user engagement, a focus on personalization and user profiles for a tailored driving experience, the incorporation of connected car features and cloud-based services for seamless connectivity, the implementation of haptic feedback and tactile controls for enhanced user feedback, a heightened focus on Driver Monitoring Systems (DMS) for safety, and the integration of Artificial Intelligence (AI) for more intelligent and adaptive interfaces. These trends highlight the industry's commitment to advancing technologies that contribute to energy efficiency, sustainability, and improved user experiences.
The automotive human-machine interface market is experiencing a significant upsurge driven by the burgeoning trend toward connected and autonomous vehicles. Autonomous vehicles, capable of operating without human intervention, and connected cars, equipped with wireless network connectivity, are pivotal in propelling this market forward. The integration of automotive human-machine interface systems in these vehicles enhances user interaction and efficiency. Notably, in 2022, over 1,400 self-driving cars were being tested by more than 80 companies in the US, as reported by TechCrunch. Additionally, Policy Advice indicates that within the next two decades, 55% of small enterprises anticipate adopting fully autonomous fleets. Consequently, the rise in autonomous and connected vehicles serves as a driving force for the automotive human-machine interface market.
The escalating demand for passenger cars is poised to drive the growth of automotive human-machine interfaces. Passenger cars, designed primarily for transporting a limited number of people, benefit significantly from these interfaces by offering intuitive controls, seamless connectivity, and advanced infotainment features. For instance, data from the Society of Motor Manufacturers and Traders in July 2023 revealed significant sales increases for Honda Motor Co., Ltd. (14.75% growth) and Nissan Motor Co. Ltd. (30.57% growth) compared to their 2022 sales. Moreover, the European Automobile Manufacturers Association reported a global production surge to over 68 million passenger cars in 2022, marking a 7.9% increase from the previous year. This surge in passenger car demand directly contributes to the expansion of the automotive human-machine interfaces market.
Technological innovations serve as a pivotal trend shaping the automotive human-machine interface market. Major industry players prioritize developing innovative products to cater to customer demands. For example, ArkX Laboratories, a US-based provider specializing in advanced far-field voice capture and speech recognition technology, introduced EveryWord Voice Control in June 2022. This technology, featuring the Sensory TrulyHandsfree SDK technology suite, enables original equipment manufacturers (OEMs) to create distinct wake words, dialects, and speaker verification models, offering a unique branded voice experience. The EveryWord ultra-far-field voice technology provides superior human-to-machine speech recognition, surpassing existing OEM solutions. Additionally, it offers the exceptional capability to identify and block speech or noise from other single-point sources, finding application across various automotive contexts. This emphasis on technological advancements showcases the transformative impact on the automotive human-machine interface market.
Leading companies in the automotive human-machine interfaces market are intensifying their focus on introducing innovative cloud-based solutions, exemplified by the introduction of eTravel, to gain a competitive advantage in the industry. eTravel.Companion stands as an innovative system that seamlessly integrates electric vehicle charging information into navigation systems, optimizing routes based on real-time charging station availability, thereby facilitating efficient planning and execution of electric journeys. An instance of this innovation occurred in April 2022 when Continental AG, a Germany-based automobile company, unveiled eTravel.Companion. This intelligent cloud-based assistant, interlinked with automotive human-machine interfaces (HMI), operates as a virtual co-pilot by integrating with the user's smartphone. Leveraging AI technology, it learns user preferences and habits, offering personalized assistance to drivers by providing real-time updates on traffic, weather conditions, and points of interest along the route. Additionally, eTravel.Companion aids drivers in locating parking spaces, restaurants, and other essential services, enhancing the overall driving experience.
In May 2022, Aptera Motors, a US-based startup specializing in high-efficiency vehicles, made a strategic move by acquiring Andromeda Interfaces, Inc., an undisclosed sum. This acquisition is aimed at swiftly integrating Andromeda's Central Infotainment Display (CID) solution and user interface/user experience (UI/UX) features into Aptera's production vehicles. Andromeda Interfaces, Inc., operating within the automotive industry, offers human-machine interface solutions. Aptera's acquisition of Andromeda Interfaces signifies a strategic step to enhance the technological capabilities of its vehicles, integrating innovative interface solutions into their production models, thus advancing Aptera's standing within the automotive human-machine interfaces market.
Major companies operating in the automotive human-machine interfaces market report are Continental AG, Visteon Corporation, Valeo India Pvt. Ltd., Panasonic Corporation, Denso Corporation, YAZAKI Corporation, Harman International, Robert Bosch GmbH, Clarion Company Limited, Alpine Electronics Inc., Magneti Marelli SPA, Nuance Communications Inc, Socionext Inc., Tata Group, Synaptics Incorporated, Nippon Seiki Company Limited, Luxoft Holding Inc., Aptiv PLC, Delphi Technologies PLC, Elektrobit Automotive GmbH, Valeo S.A., EAO AG, Nuance Communications Inc., Alpine Electronics Inc., Altran Technologies SA, Pioneer Corporation, Garmin Ltd., TomTom International BV, Yazaki Corporation, Faurecia S.A.
North America was the largest region in the automotive human-machine interfaces market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive human-machine interfaces market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the automotive human-machine interfaces market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automotive human-machine interfaces market consists of sales of touch-screen displays and central controllers. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.