Automotive HMI Market Size & Share - Future Growth Expectations
The automotive HMI market is projected to grow from USD 23.9 billion in 2023 to USD 40.2 billion by 2028, at a CAGR of 11.0%. Rising consumer expectations in terms of advanced features for enhanced in-vehicle experience, increase in driver safety awareness, upsurge in the trend of autonomous and electric vehicles, the increasing connectivity of vehicles with external networks and devices, and the drive for competitiveness and brand differentiation in the automotive industry are some of the factors driving the demand for automotive HMI market.
The automotive HMI market is poised for substantial growth in the coming years, driven by several key factors:
- Technological Evolution
- Connectivity Craze
- Safety meets Sensibility
- Regulation Revolution
- Electrifying Trends
- AI Integration Innovation
- Digital Drive
- Eco-friendly Evolution
To know about the assumptions considered for the study download the pdf brochure
Technological Evolution:
- The automotive HMI market is experiencing a surge in growth, propelled by continuous advancements in interface technologies such as augmented reality, voice recognition, and gesture control.
Connectivity Craze:
- With the demand for connected vehicles on the rise, automotive HMIs are stepping up to the plate, offering sophisticated infotainment and navigation systems to meet consumer expectations.
Safety meets Sensibility:
- Automakers are doubling down on safety and user experience, crafting intuitive and ergonomic HMI designs that prioritize both driver safety and satisfaction, thus igniting market expansion.
Regulation Revolution:
- Governments worldwide are tightening the reins on automotive safety standards, pushing for the integration of advanced driver assistance systems (ADAS) and HMI features, thereby fuelling market growth.
Electrifying Trends:
- The surge in electric and autonomous vehicles is sparking demand for tailored HMIs, designed to cater to the unique needs of these vehicles, such as intuitive range monitoring and autonomous driving interfaces.
AI Integration Innovation:
- Automotive HMIs are embracing artificial intelligence and machine learning, paving the way for personalized user experiences, predictive maintenance, and intelligent assistance, driving market growth.
Digital Drive:
- The automotive industry's digital transformation is in full swing, ushering in a new era of in-vehicle connectivity, over-the-air updates, and data-driven services, presenting ample opportunities for HMI technology providers to shine.
Eco-friendly Evolution:
- As the world shifts towards electric and hybrid vehicles, the demand for eco-conscious HMIs is soaring, with a focus on energy efficiency, sustainability, and seamless integration with electric vehicle systems.
Based on these factors, the automotive HMI market is projected to experience robust growth in the coming years, with significant opportunities for market players to capitalize on emerging trends and technological advancements.
Automotive HMI Market Share - Global Industry Landscape
The automotive HMI market is characterized by the presence of several key players competing for market share. Some of the leading companies in the automotive HMI industry include:
- Continental AG (Germany),
- Luxoft (Switzerland),
- Aptiv (Ireland),
- HARMAN International (US),
- Synaptics Incorporated (US),
- Visteon Corporation (US).
These companies, along with several others, collectively shape the global automotive HMI industry landscape. Market dynamics are influenced by factors such as technological innovation, regulatory compliance, strategic partnerships, and market consolidation. As the demand for automotive HMI continues to rise, companies are expected to intensify their efforts to capture market share and drive innovation in automotive HMI discovery, development, and commercialization.
Continental AG (Germany):
- Market Share: One of the leading players in the automotive HMI market, with a significant global presence.
- Key Offerings: Continental offers a wide range of HMI solutions, including touchscreens, touchpads, voice recognition systems, and augmented reality HUDs. Their offerings focus on enhancing driver safety, comfort, and convenience.
Luxoft (Switzerland):
- Market Share: Luxoft is a prominent player in the automotive HMI market, particularly known for its software solutions and engineering services.
- Key Offerings: Luxoft provides HMI software development services, including UI/UX design, software integration, and customization. They specialize in creating intuitive and user-friendly interfaces for automotive applications.
Aptiv (Ireland):
- Market Share: Aptiv is a key player in the automotive HMI market, with a focus on advanced technology solutions for connected and autonomous vehicles.
- Key Offerings: Aptiv offers a range of HMI solutions, including infotainment systems, driver assistance systems, and connectivity solutions. Their offerings emphasize seamless integration, advanced connectivity, and driver-centric design.
HARMAN International (US):
- Market Share: HARMAN International is a major player in the automotive HMI market, known for its expertise in audio and infotainment systems.
- Key Offerings: HARMAN offers a comprehensive suite of automotive HMI solutions, including infotainment systems, connected services, augmented reality displays, and voice recognition technology. Their offerings focus on delivering immersive and personalized in-car experiences.
Synaptics Incorporated (US):
- Market Share: Synaptics is a significant player in the automotive HMI market, specializing in touchscreen and touchpad technologies.
- Key Offerings: Synaptics provides advanced touch solutions for automotive HMIs, including capacitive touchscreens, touch controllers, and fingerprint sensors. Their offerings prioritize accuracy, responsiveness, and durability in automotive applications.
Visteon Corporation (US):
- Market Share: Visteon Corporation is a leading supplier of automotive electronics, including HMI solutions, with a strong global presence.
- Key Offerings: Visteon offers a diverse range of HMI solutions, including digital instrument clusters, infotainment systems, head-up displays, and cockpit domain controllers. Their offerings focus on delivering cutting-edge technology, seamless integration, and enhanced user experiences in the vehicle cockpit.
Related Reports:
Automotive HMI Market by Product (Voice & Gesture Recognition, Touch Screen & Instrument Cluster Display, Steering Mounted Control, Multifunction Switch), Access, Technology, Display Size (<5,5-10,>10”), Vehicle Type & Region - Global Forecast to 2028
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
