The global automotive human machine interface (HMI) market was estimated at US$ 24.75 billion in 2021 and is expected to reach over US$ 64.52 billion by 2030, poised to grow at a CAGR of 11.2% from 2022 to 2030.
A user interface or dashboard that connects a human to a machine, device, or a system is known as automotive human machine interface (HMI). While human machine interface (HMI) can also be referred to any screen that allows a user to interact with a device, it is most usually associated with industrial operations.
The rise in consumer concern about safety and security features, as well as the adoption of superior interiors for automobiles, is the key factors driving the automotive human machine interface (HMI) market growth. Furthermore, the expansion of vehicle production and sales in Asia-Pacific’s developing countries is driving the automotive human machine interface (HMI) market. The progress of communication systems and infotainment systems directly influences the growth of the automotive human machine interface (HMI) market.
The technological advancements that are making the connected vehicles as the future of interaction and communication with other devices in a technology-driven environment are expected to be major factor boosting the demand for automotive human machine interface (HMI) in the market. In addition, the surge in demand for electric vehicles is driving the growth of automotive human machine interface (HMI) market during the forecast period.
Furthermore, the potential to improve the driver’s in-vehicle experience and provide flawless contact between the vehicle and its passengers is projected to complement the growing sales of automotive human machine interface (HMI), ensuring safe and rich on-road experience with diversified communication system.
Scope of the Automotive Human Machine Interface Market
|Market Size In 2021||US$ 24.75 Billion|
|Revenue Projection by 2030||US$ 64.52 Billion|
|Growth Rate||CAGR of 11.2% from 2022 to 2030|
|Largest Market||North America|
|Fastest Growing Market||Asia Pacific|
|Forecast Period||2022 to 2030|
|Comapnies Mentioned||Bosch Inc., Denso Corporation, Continental AG, Alpine Electronics Inc., Panasonic Corporation, Visteon Corporation, Nuance Communications Inc., Clariaon Co. Ltd, Harman, Samsung Electronics Co. Ltd|
Based on the technology, the visual segment dominated the market in 2020, in terms of revenue. The visual human machine interface (HMI) system enables data to display visually on the connected devices such as built-in screen on machines, tablets, and computer or laptop monitors. The visual human machine interface (HMI) also provides real time data to the end-users.
On the other hand, the acoustic segment is estimated to be the most opportunistic segment during the forecast period.The key market players are utilizing innovative technologies for the growth of the human machine interface (HMI) market. One of such technology is acoustic technology. This technology helps in the reduction of load of visual and sensory components of the HMI system.
Product Type Insights
Based on the product type, the instrument cluster segment dominated the global automotive human machine interface (HMI) market in 2020, in terms of revenue. The market for automotive instrument cluster is predicted to increase in accordance with the rapid growth of electric vehicle sales. For a better user experience, key market players are utilizing improved graphic displays in automotive instrument cluster.
On the other hand, the heads-up display (HUD) segment is estimated to be the most opportunistic segment during the forecast period. The automotive heads-up display (HUD) segment will rise at a rapid rate during the forecast period, owing to increased efforts to reduce road accidents and increased consumer awareness about vehicle and passenger safety.
Vehicle Type Insights
Based on the vehicle type, the passenger vehicle segment accounted largest revenue share in 2020. The growing urban population and their commuting needs, have contributed towards the growth of the segment. Furthermore, end-users choose electric automobiles because of low operating and maintenance costs with the growing trend of employing clean energy for vehicle production.
On the other hand, the commercial vehicle segment is estimated to be the most opportunistic segment during the forecast period.The rapid urbanization, rising disposable income, and improved standard of living is influencing the growth of commercial vehicle in the market. Over the last few years, the demand for commercial vehicles has surged. This led to the growing demand for commercial vehicles in most of the developed countries due to regional economic development. As a result, the commercial vehicle is expected to grow and develop at a fast rate.
Based on the region, the North America segment dominated the global automotive human machine interface (HMI) market in 2020. The demand for automotive human machine interface (HMI) has increased over the period of time. The increase in regional demand can be linked to an increase in the import of passenger vehicles and commercial vehicles with automotive human machine interface (HMI) system from the European region.
On the other hand, the Europe is estimated to be the most opportunistic segment during the forecast period. The countries such as France, Italy, and Germany are the top manufacturers of automobiles across the globe. These countries are the major contributors for the growth of automotive human machine interface (HMI) market in the Europe region. The surge in popularity of electric vehicles in the European countries will boost the market growth for the automotive human machine interface (HMI) during the forecast period.
Key Companies & Market Share Insights
The automotive human machine interface (HMI) market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting different marketing strategies, such as new product launch, investments, partnerships, and mergers & acquisitions. The companies are also spending on the development of improved products. Moreover, they are also focusing on competitive pricing.
The various developmental strategies such as new product launches, acquisition, partnerships,business expansion, investments, joint venture, and mergers fosters market growth and offers lucrative growth opportunities to the market players.
Some of the prominent players in the global automotive human machine interface (HMI) market include:
Segments Covered in the Report
By Product Type
By Vehicle Type
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