Global automotive HMI market is set to witness substantial growth through 2032 owing to the increasing use of gestures for better human-car interactions. Gesture recognition systems in cars offer enhanced driver and passenger safety as it can give commands without the need of taking eyes off the road.
Overall, the automotive HMI market is bifurcated on the basis of interface, access, product, vehicle, and region.
On the basis of interface, the HMI market is expected be characterized by the acoustic segment, which is likely to grow at more than 18.5% CAGR between 2023 to 2032. This segment will expand owing to the increasing demand for speech recognition technology to control vehicles' infotainment system.
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Within the products, the mutifunction switches segment will grow at 13% CAGR through the analysis timeframe. Apart from improving the safety of the vehicles, these switches let drivers to utilize a combination of functions. Both these factors will cumulatively contribute to the market expansion of the multifunction switches.
In the context of vehicle, the HMI market has been divided into passenger vehicle and commercial vehicle. Between these two, the passenger vehicle segment is set to witness substantial growth in the upcoming time. There is an increase in demand for cars that are equipped with technological platforms and intuitive HMI interfaces to enhance the in-car experience, which, in turn is expected to improve the production of the cars.
Based on access, the market is likely to be characterized by multimodal interface. Traditional components for interface such as rotary controls, hard push buttons, and warning lights are getting replaced by multi-modal input methods such as voice control, gesture control, touch screen, and haptic feedback. Hence, multimodal interfaces are being developed to allow acoustic and haptic interaction into HMI systems, which will positively drive the market growth in the upcoming time.
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In the regional landscape, the demand for HMI in the Latin America region in expected to gain substantial traction over the estimated timeframe. The market growth in this region is particularly supported by the rising investments by global auto manufacturers to boost the auto industry. Besides, rise in vehicle production in the region owing to free trade agreements and low labor rates would complement the market growth.
Most of the companies operating in this field are currently engaging in innovations and further advancement of HMIs to enable better interconnectivity among various HMI parts. Some of the key companies operating in the global automotive HMI market are Socionext, Tata ELXSI, Continental, Magneti Marelli, Harman, Yazaki, Alpine, Altran, Clarion, Nuance, Denso, Valeo, Visteon, Bosch, EAO, Panasonic, and Luxoft.
Table of Contents (ToC) of the report:
Chapter 1 Methodology and Scope
1.1 Scope & definitions
1.2 Base estimates and calculations
1.3 Forecast calculations
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Automotive HMI industry 360° synopsis, 2018-2032
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Product trends
2.4 Interface type trends
2.5 Vehicle type trend
2.6 Access type trends
2.7 Regional trends
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Industry OVERVIEW OF Automotive Human Machine Interface (HMI) MARKET 2020 TO 2026:The market intelligence report on the Global Automotive Human Machine Interface (HMI) Market offers accurate insights into the industry relating to the leading segments, product types, applications, and the leading geographic regions studied in this report, along with the market value, capacity, production, consumption, gross revenue, market dynamics, and forecast until the year 2026.
The Global Automotive Human Machine Interface (HMI) Market is expected to deliver a steady growth rate in the forecast duration from 2020 to 2026.
Fill in your details to get your hands on an Exclusive Sample of this Report @https://www.reportsanddata.com/sample-enquiry-form/2259In market segmentation by manufacturers, the report covers the following companies-Continental AG (Germany), Luxoft Holding, Inc. (Switzerland), Aptiv PLC (Ireland), Synaptics Inc. (U.S.) Viseton Corp. (U.S.), Valeo S.A. (France), Harman International (U.S.), Clarion Co. Ltd. (Japan), Magneti Marelli SPA (Italy), Alpine Electronics Inc. (Japan), Altran Technologies (France), & Voicebox Technologies (U.S.)Furthermore, the research report projects the changes in the supply-demand dynamics, market value, market competition, leading market players, and market estimations from 2020 to 2026.
The report has been created after analyzing its essential information in the overall Global Automotive Human Machine Interface (HMI) market 2020, the vital market aspects influencing the market growth in the coming years.
Our team of expert analysts has scrutinized the Automotive Human Machine Interface (HMI) market report by referring to the data provided by leading companies.In market segmentation of Automotive Human Machine Interface (HMI), the report covers-Technology (Revenue, USD Million; 2016–2026)Visual InterfaceAcoustic InterfaceProduct (Revenue, USD Million; 2016–2026)Voice Control SystemsCentral DisplaysInstrument ClustersSteering Mounted ControlsHeads up DisplaysRear Seat Entertainment DisplaysMultifunction SwitchesOthersAccess Type (Revenue, USD Million; 2016–2026)Standard SystemMultimodal SystemComponents (Revenue, USD Million; 2016–2026)IndicatorsSwitchesSensorsCameraDisplaysControllersMCUOthersFunctions (Revenue, USD Million; 2016–2026)Display & ProjectionHaptic enabled controlInfotainmentGesture ControlDriver monitoringOthersVehicle (Revenue, USD Million; 2016–2026)Passenger VehicleLight Commercial Vehicle (LCV)Heavy Commercial Vehicle (HCV)Propulsion (Revenue, USD Million; 2016–2026)ElectricPetrolDiesel Do you have questions about the Report or want to inquire about a Discount?
Ask our Expert @https://www.reportsanddata.com/discount-enquiry-form/2259The following years are used in this study to estimate the size of the Automotive Human Machine Interface (HMI) market:Historical year: 2016-2018Base year: 2019Estimated year: 2020Forecast years: 2020 to 2026Scope of the Research:The report offers an in-depth assessment of the competitive scenario, taking into consideration the market shares held by leading companies.
OverviewThe Global HMI Software Market is expected to grow at 9.1% CAGR with USD 4,043.4 Million in value by 2025 during the forecast period, 2019–2025.
In this report, Market Research Future (MRFR) includes the segmentation and market dynamics to offer a better glimpse of the market in the coming years.Improved communication and the growing adoption of robots in industries are some of the factors responsible for the growth of the market during the forecast period.
However, the high cost of implementation is a major challenge for the global HMI software market.
The global HMI software market is dominated by a few major players, however, new players are expected to enter the market due to new revenue opportunities in regions such as Asia-Pacific, the Middle East and Africa, and South America.
The entry of new players is expected to increase the competition in the market.The global HMI software market holds significant growth opportunities owing to the introduction of a wearable human-machine interface which is expected to be more interactive and intuitive.
Also, the use of innovative technologies such as artificial vision enables HMI devices to automatically perform measure, control, and classification functions.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/8653Competitive AnalysisThe Key Players in the Global HMI Software Market are General Electric, Rockwell Automation, Schneider Electric, Siemens, AdroIT Technologies, Beijer Electronics, Brainchild Electronic, B-Scada, COPA-DATA, Elipse Software, Inductive Automation, and National Instruments among others.Segmental AnalysisThe Global HMI Software Market has been segmented based on deployment, product type, configuration type, type, technology, end-user, and region.Based on deployment, the market has been segmented into on-premise and cloud-based.
