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Automotive HMI Market

Automotive HMI Market

Global Industry Analysis (2018 - 2021) - Growth Trends and Market Forecast (2022 - 2029)

Published Date: Upcoming | Format:

Industry: Automotive & Transport | Author Name: Chetan


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Demand for Enhanced User Experience to Drive Automotive HMI Market

The automotive human-machine interface (HMI) market is directly dependent on the growth of connected and autonomous vehicles, as most of the self-governing vehicles now include HMIs. Increasing investments in autonomous automobiles would thus benefit HMI market growth in the long run. Instrument clusters, infotainment systems, HUD, RSE displays, and other technological advancements are fuelling the progress of automotive HMI market. Autonomous and connected vehicles require an interface to connect with the driver and for advanced driver assistance systems (ADAS) to function properly, HMI components play a significant role. In May 2019, Ultrahaptics, a UK-based company, announced its intention to create the sensation of touch in mid-air. The technology employs ultrasound to create a virtual touch sensation, allowing a screen to be manipulated without touching it. These are the trends that will most likely drive the growth of automotive HMI market.

All vehicle OEMs are focusing on improved driver visibility and information display capabilities. The overall entertainment facilities in vehicles are improved with rear-seat entertainment. HMI vendors are providing best-in-class experiences for drivers and passengers with mobile features, voice recognition, and controls as connectivity and internet speed improve. HARMAN can provide HMI with designs from OEMs, tier-1 suppliers, or HARMAN itself for instrument cluster systems, complex 3D scene development, and multiscreen HMI solutions.

Presence of Ergonomic Design for Automotive Use in Instrument Cluster Category to Drive Growth of Automotive HMI Market

The global automotive HMI market is expected to be driven by instrument clusters. Instead of an analogue gauge, the electronic instrument cluster or digital dashboard displays a digital readout. They could be TFT screens with high resolution and an ergonomic design for automotive use. The instrument cluster has also gone from being analogue to being completely digital. The trend is expected to continue, with 3D instrument clusters becoming more common in premium vehicles. Other functions, such as navigation and numerous other controls, such as programmable settings, and ADAS information display are now included in these systems. As a result, the instrument cluster category is predicted to command the largest proportion of the vehicle HMI market.

Growing Popularity of EVs in Europe to Drive Growth of Automotive HMI Market

The Europe region contributes significantly to the automotive HMI market because it is home to many leading car manufacturers. Germany, France, and Italy are among the most prominent auto manufacturing hubs that contribute a significantly to the overall industry revenues. Moreover, the growing popularity of EVs is expected to boost market development in the region during the forecast period. The presence of high-net-worth individuals purchasing luxury vehicles is likely to stimulate market growth. For instance, 77 billion vehicles will be manufactured in 2020. In Europe alone, nearly 17.38 billion vehicles were manufactured.

Asia Pacific region is predicted to be the fast growing over the forecast period. The automotive human-machine interface market in this area is predicted to be driven by technological improvements in current generation automotive HMI, as well as the growing trend of connected, and autonomous vehicles. The adoption of superior interiors for automobiles, as well as consumer concern about safety and security features, are the primary reasons driving the automotive HMI industry forward. Furthermore, the development of vehicle production and sales in Asia Pacific developing countries is driving the automotive HMI market.

Market growth is also expected to be fuelled by several positive government efforts aimed at reviving the automobile industry. The Government of India introduced efforts like as the National Electric Mobility Mission Plan (NEMMP), Automotive Mission Plan, and others to help the industry thrive long-term and reduce emissions and oil reliance. The government and industry have set a goal of increasing exports to $80 billion and doubling industry revenues to $300 billion in the Automotive Mission Plan 2026.

Global Automotive HMI Market: Competitive Landscape

In June 2021, Varroc Engineering Limited (Varroc) signed an MoU with Candera GmbH, a leading HMI partner known for providing tools and developing Human Machine Interface for global automotive and industrial customers, to share this Interface technology for Varroc's FT Instrument Cluster.  On the other hand, in May 2021, Stellantis NV and Hon Hai Precision Industry Co., Ltd. ("Foxconn"), along with its subsidiary FIH Mobile Ltd., have announced the signing of a non-binding Memorandum of Understanding (MOU) to form Mobile Drive. In addition, the purpose of this collaboration was to deliver cutting-edge in-vehicle user experiences made possible by HM interfaces and modern consumer electronics.

A few of the players in the automotive HMI market include Continental AG (Germany), Delphi Automotive PLC (U.K), and Clarion co. Ltd (Japan), Magneti Marelli S.P.A (Italy), Valeo S.A. (France), Synaptics Incorporated (U.S), and Visteon Corp (U.S.) are the system manufacturers in the automotive human-machine interface market and companies such as Luxoft Holding, Inc (Switzerland), and Altran Technologies SA (France).

Global Automotive HMI Market is Segmented as Below:

By Technology

  • Visual Interface
  • Acoustic Interface
  • Others

By Product 

  • Voice Control System
  • Central Display
  • Steering Mounted control
  • Instrument Cluster
  • Head-Up Display (HUD)
  • Rear Seat Entertainment (RSE)
  • Multifunction Switches

By Access Type

  • Standard HMI
  • Multimodal HMI

By Function Type

  • Primary HMI
  • Secondary HMI

By End Market

  • Economic Passenger Cars
  • Mid-Priced Passenger Cars
  • Luxury Passenger Cars

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Japan
    • South Korea
    • India
    • China
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Elements Included In The Study: Global Automotive HMI Market

  • Automotive HMI Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value, 2018 - 2021
  • Market Value at Regional and Country Level, 2022 - 2029
  • Market Dynamics and Economic Overview
  • Market Size in Value, Growth Rates, and Forecast Figures, 2022 - 2029
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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