Automotive Human Machine Interface Market to offer profitable growth during 2020-25 with a healthy CAGR of 12.3%
February 19, 2020
Automotive Human Machine Interface Market Overview:
Automotive HMI market is likely to witness an impressive CAGR of 12.3% during the forecast period. The growth in the demand for convenient features and improved user experience coupled with the rising demand for connected vehicles in the automobile industry are some of the major factors that are underpinning the growth of the automotive HMI market globally.
The Diverse Stand Points:
The true picture of the market shall not emerge till the time the market is analysed from various point of views. Each vantage point give better understanding of the market. The market of Automotive Human Machine Interface has been view from various perspectives such as:
- By Product Type (Voice Control Systems, Central Displays, Instrument Clusters, Steering Mounted Controls, Head-Up Displays (HUD), Rear Seat Entertainment, Multi-Function Switches)
- By Technology Type (Visual Interface, Acoustic Interface, Others)
- By Access Type (Standard HMI System, Multi-Modal HMI)
- By Vehicle Class Type (Economic Passenger Car, Mid-Priced Passenger Car, Luxury Passenger Car)
- By Region (North America, Europe, Asia-Pacific, and RoW)
Each view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
The answers to the prominent questions which are evinced out of above slicing of the market are:
- Which are the best performing segments of the market?
- Which is the most dominant region?
- Who are the movers and shakers of the market?
- What are the regional growth hotspots?
- What are the segmental growth forecasts?
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Automotive Human Machine Interface Market Segment Insights:
HUD: The growth engine
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 the factors, such as, increasing focus of OEMs and HMI manufacturers towards installation of HUD in mid-range vehicles. At present, HUD is at a nascent stage and is incorporated only in luxury vehicles.
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Dominance of: The Visual Interface
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 system, integration of major interfaces in display system, and consumer inclination are among the major factors that have led to the dominance of the visual interface technology.
A highly/moderately/fragment consolidated Market
Some of the major 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, and Voicebox Technologies.
Regional Hegemony of Asia-Pacific
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 the 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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Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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