PUBLISHER: The Business Research Company | PRODUCT CODE: 1531881
PUBLISHER: The Business Research Company | PRODUCT CODE: 1531881
Automotive human-machine interfaces (HMI) encompass the technology and systems facilitating interaction between humans (drivers and passengers) and the electronic and mechanical components of a vehicle. Its purpose is to enhance the interaction between individuals and vehicle systems.
The primary product types of automotive HMI include voice control, central display, instrument cluster, steering-mounted control, rear-seat entertainment (RSE) display, and heads-up display (HUD). The voice control interface allows users to operate vehicle systems and access features through spoken commands, offering hands-free operation and enhancing driver safety and convenience. Various technologies, such as visual interfaces, acoustic systems, mechanical components, and others, are used in different access types such as standard and multimodal, catering to various vehicle types such as passenger cars and commercial vehicles.
The automotive human machine interface (HMI) market research report is one of a series of new reports from The Business Research Company that provides automotive human machine interface (HMI) market statistics, including automotive human machine interface (HMI) industry global market size, regional shares, competitors with an automotive human machine interface (HMI) market share, detailed automotive human machine interface (HMI) market segments, market trends, and opportunities, and any further data you may need to thrive in the automotive human machine interface (HMI) industry. This automotive human machine interface (HMI) research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The automotive human machine interface (HMI) market size has grown rapidly in recent years. It will grow from $21.02 billion in 2023 to $23.41 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. During the historic period, growth can be attributed to several factors, increased demand for connected vehicles, greater integration of advanced driver assistance systems, rising demand for in-vehicle entertainment, heightened focus on energy efficiency, and increased attention to ergonomics.
The automotive human machine interface (HMI) market size is expected to see rapid growth in the next few years. It will grow to $36.52 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. In the forecast period, growth can be attributed to several factors, the increasing capability of HMI to enhance driver safety significantly, the proliferation of infotainment applications, the growth of urbanization and smart cities, the rise of autonomous vehicles for improved driving experiences, and the increasing demand for remote vehicle monitoring and control. Major trends during this period include the adoption of augmented reality (AR) heads-up displays, advancements in artificial intelligence (AI) and machine learning (ML), power seat controls, occupant detection systems, and biometric systems.
The growth of the automotive human-machine interface (HMI) market is expected to be propelled by the increasing adoption of autonomous vehicles. These vehicles, which operate using advanced sensor technologies, computer systems, and artificial intelligence without constant human intervention, are driving the market forward. The rise in autonomous vehicles can be attributed to advancements in artificial intelligence and sensor technology, coupled with significant investments from private companies and governments to enhance transportation safety and efficiency. HMIs in automobiles play a vital role in facilitating communication and interaction between the vehicle's systems and its occupants, including drivers and passengers. For instance, the National Association of Insurance Commissioners projects there will be 3.5 million autonomous vehicles on American roads by 2025 and 4.5 million by 2030. This trend fuels the growth of the automotive HMI market.
Leading companies in the automotive HMI market are concentrating on developing cutting-edge technologies, such as autonomous driving solutions, to solidify their market position. Autonomous driving solutions encompass comprehensive systems or technologies that enable vehicles to operate and navigate independently without direct human input. For example, Jidu Auto introduced the robocar ROBO-01 in June 2022, integrating advanced AI-driven autonomous driving capabilities. This includes leveraging radar, lidar, and cameras for real-time environment perception to ensure safe interaction with surroundings. The vehicle's robust AI computing platform enables rapid decision-making and adaptive responses to dynamic traffic conditions. Additionally, its advanced AI voice interaction system enhances communication between humans, the vehicle, and its environment. The large integrated screen provides an immersive audio-visual experience, significantly enhancing the HMI.
In June 2023, Magna International Inc. acquired Veoneer Active Safety Business from SSW Partners to strengthen its position in the advanced driver assistance systems (ADAS) and autonomous driving technologies market. This acquisition enhances Magna's capabilities, improves its technological portfolio, and accelerates the innovation and deployment of advanced safety and automation features in vehicles. Veoneer AB is a Sweden-based company specializing in developing ADAS.
Major companies operating in the automotive human machine interface (HMI) market are Volkswagen AG, Toyota Motor Corporation, Luxoft Holding Inc., Ford Motor Company, General Motors Company, Honda Motor Co. Ltd., Hyundai Motor Group, Robert Bosch GmbH, Tesla Inc., Nissan Motor Co. Ltd., Kia Corporation, Panasonic Corporation, Denso Corporation, Continental AG, Valeo S.A., Mitsubishi Motors Corporation, Aptiv PLC, HARMAN International Industries Incorporated, Alpine Electronics Inc., Visteon Corporation, Synaptics Incorporated, Nuance Communications Inc., Clarion Co. Ltd., Tata Elxsi Limited, Magneti Marelli S.p.A.
North America was the largest region in the automotive human machine interface (HMI) market in 2023. The regions covered in the automotive human machine interface (HMI) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the automotive human machine interface (HMI) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automotive human-machine interfaces (HMI) market includes revenues earned by entities by providing services such as voice recognition systems, gesture recognition, touchscreen displays, steering-mounted controls, and head-up displays. The market value includes the value of related goods sold by the service provider or included within the service offering. The automotive human-machine interfaces (HMI) market consists of sales of infotainment systems, instrument clusters, steering wheel controls, window and door controls, and advanced driver assistance systems (ADAS). 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.
Automotive Human Machine Interface (HMI) 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 interface (HMI) 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 interface (HMI) ? 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 interface (HMI) 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.
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