Automotive HMI Market Synopsis
The new research report by Market Research Future (MRFR) emphasizes that the global Automotive HMI Market is poised to secure a significant market valuation at a moderate CAGR over the assessment period.
The top market players identified by MRFR in the global Automotive HMI Market are Denso Corporation (Japan), Magneti Marelli S.p.A. (Italy), Synaptics Incorporated (U.S), Alpine Electronics, Inc. (Japan), Clarion Co. Ltd. (Japan), Continental AG (Germany), Altran Technologies, S.A. (France), Visteon Corporation (U.S.), Delphi Automotive PLC (U.K), Robert Bosch (Germany), Valeo S.A. (France), Luxoft Holding, Inc. (Switzerland), and Voicebox Technologies (U.S.), are among others.
Drivers and Restraints
The rapid integration of advanced technology in the automotive sector is supporting the development of high-end automobiles that are fortified with advanced features such as HMI. The upsurge in demand for the enhanced user interface in order to improve the user experience is contributing to the development of technologically advanced features in the automotive sector, which in turn is fueling the expansion of the global automotive HMI market during the assessment period. Growing demand for vehicles that are integrated with advanced features and increased disposable income in the developed and emerging economies are also propelling the growth of the global Automotive HMI Market Size.
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The improvement and incorporation of artificial intelligence (AI) technology in the automotive industry is another factor that is driving the expansion of the global automotive HMI market. On the other hand, high costs and complications related to the configuration, installation, and maintenance of these systems are likely to impede the growth of the global automotive HMI market.
The automotive HMI market is analyzed based on the product, access type, technology, and vehicle type.
Based on the product, the global Automotive HMI Market Share is segment into voice control, instrument cluster, central display, head-up display (HUD), others. The HUD segment is anticipated to dominate the market over the review period because HUD is deployed in luxury and mid-sized vehicles.
Based on the technology, the global automotive hmi market is segmented into acoustic, visual, and others. The visual interface technology is projected to dominate the market over the assessment period owing to factors such as advancement in electronic systems, integration with display systems, and increased consumer preference for the implementation of visual interface technology.
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On the basis of the access type, the global automotive hmi market is bifurcated into standard HMI and multimodal HMI. The multimodal segment is projected to dominate the market over the review period because OEMs are shifting their conventional control system with high-tech HMI.
Based on the vehicle type, the global automotive hmi market is segmented into passenger cars and commercial vehicles. The passenger car segment is predicted to lead the market in the future due to an increase in sales of passenger vehicles in emerging economies.
The geographical overview of the global market has been conducted in four major regions, namely the Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.
The Asia Pacific commands the largest share in the global Automotive HMI Market Growth due to the augmented production of high-end vehicles that are integrated with HMI owing to low production cost and presence of cheap labor in this region.
North America is anticipated to observe substantial growth over the review period. The rapid adoption of technologically innovative vehicles, growing demand for automation services in the automobile industry, and growing sales of luxury cars are fueling the growth of the automotive HMI market in the North America region.
Europe is also one of the most significant regions for the global market for automotive HMI. The development and integration of artificial intelligence technology in automobiles and increased research and development activities for the progress of advanced automotive features are boosting the growth of the automotive HMI market in Europe.
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Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Automotive HMI Market, By Product
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