Automotive HMI Market

Market Leaders - Automotive HMI Market

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.

Major players in the automotive HMI market are based in Asia Pacific, North America, and Europe. Continental AG (Germany), Luxoft (Switzerland), Aptiv (Ireland), HARMAN International (US), Synaptics Incorporated (US), and Visteon Corporation (US) are among a few leading players operating in the automotive HMI market. The major focus was developing new products due to customers' changing requirements worldwide. These players have adopted various growth strategies to strengthen their position in the market. These include supply contracts, partnerships, mergers and acquisitions, and expansion activities further to expand their presence in the automotive HMI market.

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Continental AG

Continental AG is a German multinational corporation that manufactures automotive components. With a specialized focus on producing tires, brake systems, powertrains, chassis components, and various other automotive technologies, the company has established itself as a prominent market player in the automotive HMI (human-machine interface) domain. Its diverse range of HMI solutions encompasses connectivity, infotainment, and driver assistance, catering to different facets of the driving experience. By leveraging state-of-the-art technologies such as augmented reality displays, voice recognition systems, and software and hardware solutions for electric and autonomous vehicles. Strategic partnerships and collaborations with key stakeholders in the automotive sector further strengthen this extensive network. For instance, in December 2020, Continental AG partnered with Hyundai Motor Company (South Korea), which focused on developing a high-performance cockpit solution that offers advanced features such as augmented reality head-up displays and innovative driver assistance systems. Continental AG serves a distinguished clientele, including renowned automotive entities such as Volkswagen Group, BMW AG, Mercedes-Benz Group, Ford Motor Company, and General Motors.

Luxoft

Luxoft is a global IT service provider that delivers exceptional software development and digital transformation services across diverse industries, including the automotive sector. Within the automotive HMI market, the company is recognized for its expertise in providing comprehensive software engineering solutions tailored to develop advanced HMI systems. These systems are designed to elevate user experiences while prioritizing safety. Luxoft's proficiency extends to designing and developing instrument clusters, infotainment systems, cockpit systems, and other features that contribute to the overall automotive HMI ecosystem. The company's specialization encompasses ICE, electric passenger cars, and commercial vehicles. Collaborations, partnerships, and acquisitions are majorly followed strategies by the company to increase its market presence. For instance, in March 2022, Luxoft announced furthering its collaboration with Mercedes-AMG to develop best-in-class in-car applications. The collaboration aimed to improve the in-car experience for drivers and passengers by developing and integrating advanced features and functions into AMG's infotainment system. With a widespread global presence, Luxoft operates through a network of 61 offices across 28 countries. This extensive reach enables the company to effectively serve clients globally, ensuring proximity to their operations and fostering efficient collaboration.

Aptiv

Aptiv specializes in designing and manufacturing advanced electronic systems across multiple industries, including the automotive sector. Aptiv's expertise extends to the automotive HMI market, providing cutting-edge solutions, including connected vehicle platforms, infotainment systems, instrument clusters, and advanced driver assistance systems (ADAS). These HMI solutions empower drivers to interact with their vehicles safely, intuitively, and personally, enhancing their overall driving experience. In addition to its comprehensive automotive HMI offerings, Aptiv boasts a broad portfolio of advanced electronic systems and components tailored for the automotive industry. Aptiv has been continuously investing in R&D activities for developing new products as a part of its development strategy. For instance, in January 2021, Aptiv introduced a new ADAS platform designed for highly automated and electrified vehicles. The platform provides a comprehensive view of the vehicle's surroundings and enables advanced features such as automated lane changes and parking. The company operates in nearly 48 countries with a global presence, housing 131 manufacturing facilities and 11 major technical centers. Aptiv maintains a diverse customer base, encompassing renowned original equipment manufacturers (OEMs) and Tier-I suppliers. By fostering strategic partnerships with leading automotive manufacturers such as Toyota Motor Corporation, N.V., Audi AG, BMW AG, General Motors, and Volkswagen Group, Aptiv collaborates closely with its customers to develop customized HMI solutions that meet their specific needs and requirements.

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

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Automotive HMI Market Size,  Share & Growth Report
Report Code
AT 5055
RI Published ON
5/30/2023
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