Automotive HMI Market: Moving Towards a Brighter Future

The Automotive HMI Market is projected to grow at a CAGR of 11.93%, to reach USD 28.13 billion by 2021.

The focus on enhanced user experience and convenience features coupled with the rising demand for advanced technology is projected to drive the automotive HMI market. The growth in demand for connected vehicles and autonomous cars is expected to result in a rise in demand for HMI applications. It is consequently a major driver for the automotive HMI industry.

Companies profiled in the report are:

• Continental AG (Germany)
• Luxoft Holding, Inc. (Switzerland)
• Delphi Automotive PLC (U.K.)
• Synaptics Incorporated (U.S.)
• Visteon Corporation (U.S.)
• Valeo S.A. (France)
• Harman International Industries, Inc. (U.S.)
• Clarion Co. Ltd. (Japan)
• Magneti Marelli S.P.A (Italy)
• Alpine Electronics, Inc. (Japan)
• Altran Technologies S.A. (France)
• Voicebox Technologies (U.S.)

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Asia-Pacific was the largest regional automotive HMI market. An increase in disposable income in developing countries such as India and China and rising demand for premium as well as comfort features are the key growth drivers for the market in this region.

North America is the fastest-growing market in terms of value, dominated by the U.S., a key market for the automotive HMI in the region. As the North American automotive industry is one of the most advanced industries in the world, it houses major OEMs such as Ford Motors, General Motors, and Fiat-Chrysler Automotive.

The visual interface segment of the automotive HMI market is estimated to have the largest market share, owing to factors such as innovations in consumer electronics systems, integration of major interfaces in display systems, and consumer preferences thereby promoting the growth of the visual interface market.

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It is the electronic instrument cluster or digital dashboard which displays the digital readout rather than analog gauge. They can be TFT displays with high-resolution automotive grade and ergonomic design. The instrument cluster has also gradually evolved from an analog to a fully digital instrument cluster. The trend is further expected to continue with 3D instrument clusters being incorporated in premium vehicles. These systems are also incorporating other features like navigation system and various other controls such as reconfigurable settings, advanced driver assistance system (ADAS) information display which was earlier not part of it. Thus, the instrument cluster segment is expected to have the highest market share in the automotive HMI.

The mid-priced passenger car segment is estimated to record the largest market size during the forecast period in automotive HMI, by end market in terms of volume. However, the emerging trend of enhancing user experience inside the vehicle and reducing driver distraction in the mid-priced passenger car segment has also helped the automotive HMI to grow.

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