Automotive Human-Machine Interface Market Analysis, Market Size, Application Analysis, Regional, Competitive Strategies 2021-2031

 

Human-Machine Interface (HMI) in Cars Reshaping Automotive Future by Expanding Scope of Personalization

Advancements in human-machine interface (HMI) workflows are modernizing automotive systems. Automobile manufacturers are leveraging the sophistication of HMIs to boost safety and comfort of drivers, paving way for new in-vehicle experiences. The growing popularity of smartphone centric infotainment systems have helped companies to gain revenues in the automotive human-machine interface market.

Continuous focus by automotive manufacturers to leverage new UX/UI designs have enabled them accomplish new levels of human-vehicle interactions. Subsequently, the incorporation of new functionalities in-car software in modern automobiles is accelerating the development of autonomous cars, thereby expanding the possibilities in the automotive human-machine interface (HMI) market. Automotive manufacturers are integrating these with 2D and 3D graphics to boost comfort and precision for the drivers.

The growing trend of personalised in-vehicle digital systems has extended the horizon for the sales prospects of HMIs among customers in the automobile and automotive sector. Strides made in advanced driver assistance systems (ADAS) have paved way to new avenues for expansion of opportunities in the automotive human-machine interface (HMI) market. A study by TMR projects the global automotive human-machine interface market to clock CAGR of approximately 6% from 2021 to 2031. In 2020, the valuation was pegged at more than US$ 16.3 Bn.

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Based on product types, the TMR study scrutinizes the growth opportunities in infotainment system, instrument cluster, head-up display, steering wheel, and window/door control. The various key interfaces businesses in the automotive human-machine interface (HMI) market are exploring for generating revenues are voice command, face detection, gesture recognition, and mechanical.

global automotive human machine interface hmi market infographic

Advancements in UI/UX Solutions for Comfort and Safety of Drivers to Bolster Revenue Generation

Automotive connectivity solution providers are reaping large revenue gains from advancements in speech and gesture recognition technologies, enriching the automotive human-machine interface (HMI) market landscape. In recent months after the COVID-19 outbreaks in several countries around the world, manufacturers have been increasingly tapping into lucrative revenue gains by unveiling touchless HMI systems. New UX solutions for multimodal experience are expanding the commercialization avenue for new products in the market.

Get More Press Releases by TMR: https://www.globenewswire.com/news-release/2022/02/28/2392795/0/en/Automotive-Speaker-Market-to-Expand-Due-to-Surge-in-Demand-for-Advanced-Entertainment-Options-whilst-Driving-States-TMR-Study.html

Of the various product types, infotainment systems accounted for the major share of the global automotive human-machine interface (HMI) market in 2020. The segment is viewed as highly lucrative during the forecast period (2021 – 2031). This is likely to spur the popularity of heads up display (HUD) displays. Based on product type, voice commands are expected to generate massive lucrative opportunities to players in the near future. Technology companies notably Apple and Google have expanded the array of voice commands solutions to automotive companies which enable the latter to reinforce comfort and convenience features. Stridently, evolving connectivity trends in modern, luxury vehicles are underpinning profitable avenues. A case in point is OTA updates and incorporation of vehicle-to-everything (V2X) trends.

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Asia Pacific Replete with Opportunities, Focus on Safety and Connectivity Features to Open Revenue Streams

The various regional markets in the automotive human-machine interface (HMI) market are North America, Europe, Latin America, the Middle East & Africa, and Asia Pacific.

North America has been a lucrative market. The growth of the regional market has been propelled by the penetration of advanced automotive HMIs in the U.S. The growing presence of luxury vehicle manufacturers are the growing ownership of these vehicles have helped cement the revenue prospects of players in the North America automotive human-machine interface (HMI) market.

Meanwhile, in 2020, Asia Pacific held a major share of the global automotive human-machine interface (HMI) market. Strides being made by the automotive and automobile industries across the region China, Japan, South Korea, and India will pave way to several revenue streams for players in the regional market. The stringent implementation of regulatory standards on the safety of drivers is another key underpinning for the growing market prospects in the region. 

Some of the key players in the market are Yazaki Corporation, Visteon Corporation, Valeo SA, Tata ELXSI, Socionext Inc., Robert Bosch GmbH, Panasonic Corporation, Nuance Communications Inc., Marelli Holdings Co., Ltd., Harman International, Denso Corporation, Continental AG, and Clarion.

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