Significant Growth Foreseen by Man-machine interface (MMI) Market during 2031

 

Automotive Human-Machine Interface (HMI) Market

Transparency Market Research has published a new report on the global Man-machine interface (MMI) Market for the forecast period of 2019–2027. According to the report, the global automotive human-machine interface market is projected to reach ~ US$ 27 Bn by 2027, expanding at a CAGR of ~7% during the forecast period.

Prominent players operating in the global automotive human-machine interface market include:
Alpine, Altran, Clarion, Continental AG, Denso Corporation, EAO, Harman International, Luxoft, Magneti Marelli, Nuance, Panasonic, Robert Bosch GmbH, Socionext, Tata ELXSI, Valeo Visteon, and Yazaki. 

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Global Automotive HMI Market: Key Insights 

• According to the report, penetration of the automotive HMIs is rising consistently, led by the arrival of new technologies and the adoption of smart features such as speech and face recognition.
• The infotainment systems segment accounted for a significant share of the global automotive human-machine interface market, owing to the high penetration of infotainment systems in vehicles. However, the integration of various modes of interfaces is rising in all systems, which, in turn, is propelling the automotive HMI market.
• Asia Pacific held a notable share of the global automotive human-machine interface market in 2018. The Asia Pacific automotive human-machine interface market is estimated to expand significantly during the forecast period, at a CAGR of ~7% during the forecast period.
• Moreover, the rising inclination of the automotive industry toward vehicle connectivity and intelligent transportation has prompted manufacturers to integrate automotive HMIs in vehicles. 

Expansion of Global Automotive HMI Market 

• An automotive human-machine interface is a key component of smart and autonomous vehicles. Thus, the global automotive human-machine interface market is expected to expand due to the advancements of technologies in the automotive industry.
• Key premium vehicle manufacturers such as AB Volvo, BMW AG, Daimler AG, and Volkswagen Group are adopting technical-advanced features at a significant pace. Furthermore, the development of HMI systems by key automotive manufacturers such as Continental AG, Harman, Alpine, Denso Corporation, Tata ELXSI, and Valeo, is anticipated to boost the global automotive human-machine interface market at a significantly high growth rate.
• The rising preference for speech recognition and voice command features in vehicles is expected to drive the global automotive human-machine interface market during the forecast period.
• The rising integration of informative screens with infotainment systems for drivers as well as passengers is expected to be a key factor that boosts the global automotive human-machine interface Furthermore, the integration of products, such head-up display and voice command feature, enhance the safety factor of vehicles by reducing the chances of distraction of the driver. Thus, the demand for these products is considerably high in Europe and North America. 

Based on product, the infotainment systems segment held a major share of the global automotive HMI market, owing to the high penetration of infotainment systems in vehicles. Moreover, advancements in technology and integration of multiple interfaces for a single system are also likely to drive the global automotive human-machine interface market. Other segments such as heads-up displays and steering mounted interfaces are expected to be highly lucrative in the global automotive human-machine interface market. 

The global automotive human-machine interface market has been segmented as follows: 

• Automotive HMI Market by Product
• Infotainment Systems
• Window/ Door Controls
• Instrument Clusters
• Head-up Displays
• Steering Wheels
• Automotive HMI Market by Vehicle
• Passenger Vehicles
• Hatchbacks
• Sedans
• SUVs
• Commercial Vehicles
• Automotive HMI Market by Interface
• Voice Command
• Face Detection
• Gesture Recognition
• Mechanical

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