Automotive Human Machine Interface (HMI) Market Growing Demand for Enhanced Safety Features in Autom

Global automotive HMI market is projected to attain a size of $29,582.8 million by 2023, registering a CAGR of 13.8% during 2018-2023. The increased demand for automotive HMI is mainly led by rising in-vehicle connectivity, increasing sales of premium cars, and growing demand for enhanced safety features.

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On the basis of access, the automotive HMI market is categorized into multimodal HMI and standard HMI. Standard HMI access has been accounting for a larger revenue share in the global market till now. During the forecast period, multimodal HMI is expected to witness faster growth, due to increasing demand for premium and comfort features in passenger cars. Automakers and OEMs are progressively deploying complex multimodal HMIs due to the various benefits offered by it.

On the basis of product, the global automotive HMI market is categorized into instrument clusters, touch screen display, head-up displays (HUD), steering mounted controls, rear seat entertainment (RSE) units, and multifunction switches. Among these, touch screen display has been contributing the maximum revenue to the global market till now. However, the fastest growth in revenue during the forecast period is expected from the HUD category, due to its increasing adoption in premium cars.

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Asia-Pacific has been contributing the highest revenue in the automotive HMI market, followed by Europe and North America. Continuous infrastructural developments coupled with industrial development activities in emerging economies have opened new avenues, creating several opportunities in the region for automotive OEMs. Due to increasing living standards and growing passenger car penetration, India is expected to be the fastest growing market in the region, during the forecast period.

Some of the major players in the global automotive HMI industry are Panasonic Corporation, Robert Bosch GmbH, Delphi Automotive PLC, DENSO Corporation, Continental AG, Texas Instruments Inc., Visteon Corporation, Alpine Electronics Inc., EAO AG, and Yazaki Corporation.

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P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries.