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  • Automotive Human Machine Interface Market Analysis | 2023-2028

    Automotive Human Machine Interface Market Analysis | 2023-2028

    Automotive Human Machine Interface Market Analysis | 2023-2028
    Report code - SRTI158 Delivery - 2 Weeks
    Automotive Human Machine Interface (HMI) Market Size, Share, Trend, Forecast, Competitive See more...

    Market Insights

    The automotive human machine interface market size was valued at USD 13.32 billion in 2022 and is forecast to grow to USD 26.65 billion by 2028 at a CAGR of 12% during 2023-2028.

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    What is automotive human machine interface?

    Automotive Human Machine Interface better known as HMI is mainly an interface with varied systems that help have interactions between the driver and the vehicle. The interaction starts as soon as the driver opens the door to enter the car and ends up only when the driver gets out of the car.

    Automotive Human Machine Interface can be of visual interface, acoustic interface, and many other forms. Voice control systems, instrument clusters, head-up displays, multi-function switches, central displays, steering-mounted controls, and rear seat entertainment displays are some of the items working under the system.

    Automotive Human Machine Interface Market Report Overview

    Market Size in 2028

    USD 26.65 Billion

    Market Size in 2022

    USD 13.32 Billion

    CAGR (2023-2028)

    12%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Market Dynamics

    DRIVER: Developments in Artificial Intelligence and Machine Learning

    Artificial Intelligence and Machine Learning are driving the demand for Human-Machine Interfaces (HMIs) in the automotive industry. These technologies offer benefits such as improved driver safety, personalized driving experiences, and reduced failure risks. One significant application of AI is the integration of Natural Language Processing (NLP) technology, which enhances voice recognition accuracy and interpretation, resulting in more intuitive interactions. ML algorithms are also being used in gesture control systems to improve driver safety and convenience. These advancements are revolutionizing the automotive HMI landscape by analyzing driver behavior, predicting preferences, and customizing HMI accordingly.

    OPPORTUNITY: Increasing Innovations in Autonomous Mobility Solution

    The rise of autonomous vehicles is shifting the role of drivers from active control to passive monitoring, necessitating the development of advanced HMIs that effectively communicate information to drivers while keeping them engaged. HMI must evolve to support new scenarios like driver-vehicle handover and emergency responses. Waymo, a subsidiary of Alphabet Inc., provides real-time route information and allows passengers to request changes through voice commands, ensuring passengers feel safe and at ease in autonomous vehicles. Cruise uses sensors and cameras to present real-time surroundings to drivers, enabling informed decision-making. This presents an opportunity for automotive HMI providers to create innovative interfaces, leading to revenue growth and addressing market challenges.

    Key Players

    Some of the top players in the automotive human machine interface market are-

    • Continental AG
    • Luxoft Holding, Inc.
    • Delphi Automotive PLC
    • Synaptics Incorporated
    • Visteon Corporation
    • Valeo S.A.
    • Harman International Industries, Inc.
    • Clarion Co. Ltd.
    • Magneti Marelli S.p.A.
    • Alpine Electronics Inc.
    • Altran Technologies SA
    • Voicebox Technologies.

    Segment Analysis

    Automotive Human Machine Interface (HMI) Market Share: By Product Type

    Based on the product type, the market is segmented as voice control systems, central displays, instrument clusters, steering mounted controls, head-up displays (HUD), rear seat entertainment (RSE) displays, and multi-function switches. HUD is expected to witness the fastest growth owing to factors, such as the increasing focus of OEMs and HMI manufacturers toward the installation of HUD in mid-range vehicles. At present, HUD is at a nascent stage and is incorporated only in luxury vehicles.

    Automotive Human Machine Interface (HMI) Market Share: By Technology Type

    Based on the technology type, the market is segmented as visual interface, acoustic interface, and others. The visual interface technology is estimated to be the largest market in the automotive human-machine interface market during the forecast period. Innovation in consumer electronic systems, integration of major interfaces in display systems, and consumer inclination are among the major factors that have led to the dominance of visual interface technology.

    Automotive Human Machine Interface (HMI) Market Share: By Access Type

    Based on the access type, the automotive HMI market is segmented into Standard HMI and Multi-Modal HMI systems. The Multi-Modal HMI system is projected to be the fastest-growing segment during the forecast period. This unparalleled growth is owing to the enrichment of safety features and the mounting demand for connected vehicles.

    Automotive Human Machine Interface (HMI) Market Share: By Vehicle Class Type

    Based on the vehicle class type, the market is segmented as economic passenger cars, mid-priced passenger cars, and luxury passenger cars.  The mid-priced passenger cars segment is expected to dominate the market during the forecast period. Emerging trend towards enhancement of user experience inside the vehicle through advanced HMI functions such as touch based infotainment units, haptic controls, and Rear Seat Entertainment (RSE) displays, along with reducing driver distraction are the major factors that have led to the dominance of mid-priced passenger cars in the global automotive HMI market.

    Automotive Human Machine Interface (HMI) Market Share: By Region

    In terms of region, Asia-Pacific is expected to remain the largest market for the automotive HMI in the coming five years. Significant economic development in the region has led to increasing disposable income of consumers in emerging economies, such as China and India. This factor has led to the strong production and sales of passenger cars in the region.

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    Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The automotive HMI market is segmented into the following categories. 

    By Product Type:

    • Voice Control Systems
    • Central Displays 
    • Instrument Clusters 
    • Steering Mounted Controls 
    • Head-Up Displays (HUD) 
    • Rear Seat Entertainment (RSE) Displays 
    • Multi-Function Switches 

    By Technology Type:

    • Visual Interface 
    • Acoustic Interface 
    • Others 

    By Access Type:

    • Standard HMI System 
    • Multi-Modal HMI System 

    By Vehicle Class Type:

    • Economic Passenger Cars 
    • Mid-Priced Passenger Cars 
    • Luxury Passenger Cars 

    By Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Research Methodology

    This automotive human machine interface market report offers high-quality insights and results from a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides intelligence most comprehensively. The automotive human machine interface market report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players and those willing to enter the market.

    What Deliverables will you get in this report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Automotive Human Machine Interface Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and forecast

    Which are the top players and what is their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Customization Option

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the vehicle class types by technology type. 

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Automotive Human Machine Interface better known as HMI is mainly an interface with varied systems that help have interactions between the driver and the vehicle. The interaction starts as soon as the driver opens the door to enter the car and ends up only when the driver gets out of the car.

    The market is forecast to grow at a CAGR of 12% during 2023-2028.

    The market size was valued at USD 13.32 billion in 2022 and is forecast to grow to USD 26.65 billion by 2028.

    Continental AG, Luxoft Holding, Inc., Delphi Automotive PLC, Synaptics Incorporated, Visteon Corporation, Valeo S.A., Harman International Industries, Inc.Clarion Co. Ltd, Magneti Marelli S.p.A., Alpine Electronics Inc., Altran Technologies SA, Voicebox Technologies.

    Visual interface technology is expected to be the largest market in the coming years.

    The mid-priced passenger cars segment is expected to remain dominant in the market during the next five years.

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