What is Automotive Human-Machine Interface (HMI) Technologies Market?
A Human-Machine Interface (HMI) is a user interface. It is also known as dashboard that connects a driver to a machine, system, and device. Automotive Human-Machine Interface (HMI) technology is also works on same principal. Driver can interact with vehicle system without distraction from driving. Driver can have real time communication with vehicle system. All the modern day vehicles are equipped with different categories HMI technologies. Low cost HMI software and enhanced UX has increased its demand in the automobile industry. Geographically, growing automotive industrial expenditure in Asia pacific region is expected to grow with highest market share followed by North America and Europe. In addition, Middle East and South America are anticipated to grow with substantial growth rate.
Highlights from Automotive Human-Machine Interface (HMI) Technologies Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Continental AG (Germany), 3M (United States), Delphi Automotive PLC (United Kingdom), ALPS ALPINE CO., LTD. (Japan), Valeo S.A. (France), Elektrobit. (Germany), Synaptics Incorporated (United States), Clarion co. Ltd (Japan), Magneti Marelli S.P.A (Italy), Visteon Corp (United States), Luxoft Holding, Inc (Switzerland) and Altran Technologies SA (France) |
The market of Automotive Human-Machine Interface (HMI) Technologies is expected to grow with rising demand I automotive industry. Numerous companies are operating in the market to provide Automotive Human-Machine Interface (HMI) Technologies with multiple functioning. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. In addition, market profitability is attracting new entrant which is turn impacted on competitive rivalry.
Continental AG (Germany), 3M (United States), Delphi Automotive PLC (United Kingdom), ALPS ALPINE CO., LTD. (Japan), Valeo S.A. (France), Elektrobit. (Germany), Synaptics Incorporated (United States), Clarion co. Ltd (Japan), Magneti Marelli S.P.A (Italy), Visteon Corp (United States), Luxoft Holding, Inc (Switzerland) and Altran Technologies SA (France) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are EAO AG(Switzerland) and Microchip Technology Inc. (United States). Automotive Human-Machine Interface (HMI) Technologies Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Passenger Car{ Economic, Luxury} and Commercial Car |
Product Type | Audio Visual & Navigation,Information Displays,Digital Instrument & Cabin Cluster,Head-up Display,Steering based controls,E-Mirror,Others |
Technology Type | Mechanical Interfaces,Acoustics Interfaces,Visual Interfaces,Haptic Interfaces |
On the basis of geography, the market of Automotive Human-Machine Interface (HMI) Technologies has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Augmenting Preference for Human-Machine Interface (HMI) Technologies in Passenger Vehicles
Market Growth Drivers:
Rising Preference for Automotive Human-Machine Interface (HMI) Technologies by OEM’s and Growing Automotive Industrial Expenditure
Challenges:
Threat of Data Breach and Cyber Security
Restraints:
High Cost of Developing the Advanced Human-Machine Interface (HMI) Technologies
Opportunities:
Growing Technological Advancements with Development of Electric Vehicles and Increasing Inclination towards Autonomous Vehicle
Key Target Audience
Automotive HMI Technologies manufacturers, Automotive Human-Machine Interface (HMI) Technologies Providers, HMI software developers, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
Market Leaders & Development Strategies
In October 2016, Valeo S.A. has acquired major stake of CloudMade (U.K.). CloudMade develops smart and innovative automotive solutions. Company has acquired 50% of capital stake. This acquisition is mainly to provide technical support in company’s existing developments so that company is able to offer more innovative developments.
In March 2021, Unity, the world’s leading platform for creating and operating real-time 3D (RT3D) content has established partnership with HERE Technologies. It is one of the leading location data and technology platform. This partnership is mainly to develop next-generation embedded automotive HMIs with RT3D rendering capabilities. It is also anticipated to work on next-generation location technology for autonomous driving, simulations, city planning and digital twins.