Automotive Human Machine Interface (HMI) Market Size to Grow at a CAGR of 12.3% by 2025

Automotive Human Machine Interface (HMI) Market is expected to grow at a CAGR of 12.3% during the next five years, according to a newly added report by Stratview Research. The growth in the demand for convenient features and improved user experience coupled with the rising demand for connected vehicles in the automobile industry are some of the major factors that are underpinning the growth of the automotive HMI market globally.

The report offers detailed insights in relevant market segments, their growth rates, latest market trends, forecasts, and other important details. The market has been segmented in five ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period of 2020–2025.

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As per the report, among different product types, HUD is expected to witness the fastest growth owing to the factors, such as, increasing focus of OEMs and HMI manufacturers towards installation of HUD in mid-range vehicles. At present, HUD is at a nascent stage and is incorporated only in luxury vehicles.

Based on the technology type, the market is segmented as visual interface, acoustic interface, and others. The visual interface technology is estimated to be the largest market in the automotive human machine interface market during the forecast period. Innovation in consumer electronic system, integration of major interfaces in display system, and consumer inclination are among the major factors that have led to the dominance of the visual interface technology.

Based on the access type, the automotive HMI market is segmented as Standard HMI and Multi-Modal HMI systems. The Multi-Modal HMI system is projected to be the fastest-growing segment during the forecast period. This unparalleled growth is owing to the enrichment of safety features and the mounting demand for connected vehicles.

Based on the vehicle class type, the market is segmented as economic passenger cars, mid-priced passenger cars, and luxury passenger cars. The mid-priced passenger cars segment is expected to dominate the market during the forecast period. Emerging trend towards enhancement of user experience inside the vehicle through advanced HMI functions such as touch based infotainment units, haptic controls, and Rear Seat Entertainment (RSE) displays, along with reducing driver distraction are the major factors that have led to the dominance of mid-priced passenger cars in the global automotive HMI market.

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Asia-Pacific is expected to remain the largest market for the automotive HMI in the coming five years. Significant economic development in the region has led to increasing disposable income of consumers in the emerging economies, such as China and India. This factor has led to the strong production and sales of passenger cars in the region.

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The report further mentions about the key manufacturing players Aisin Seiki Co., Ltd., TE Connectivity, ZF Friedrichshafen AG, Continental AG, Aptiv PLC, Robert Bosch GmbH, Denso Corporation, Autoliv Inc., Nidec Corporation, TCS Corporation, Joyson Safety Systems, Keihin Corporation, Calsonic Kansei Corporation, Shanghai Shanben Industrial E.&I. Co., Ltd, and Flexpoint Sensor Systems. who are emerging fast and their roles in the growing market.It also portraits the important mergers, acquisitions, and other current happenings in the Automotive Human Machine Interface market that can be helpful for the interested clients in analysing the market and taking right decisions accordingly.

Salient Features of the Report

The report on Automotive Human Machine Interface Market is a well-researched work after analysing of various data from different reliable sources. The report included some of the salient features such as:

· Market structure,

· Market environment analysis,

· Market trend and forecast analysis,

· Market segment trend and forecast,

· Competitive landscape and dynamics,

· Attractive market segments and associated growth opportunities,

· Emerging trends,

· Strategic growth opportunities for the existing and new players,

· Key success factors

About Stratview Research:

Stratview Research is a global research company offering custom research and marker research reports for interested client in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it.

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