Global Automotive Human Machine Interface (HMI) Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Product Type (Heads Up Display, Gesture Recognition And Speech, Steering Based Controls, Center Stack Display, Instrument Clusters, Multi-Function Buttons, Touchpads, Controllers), By Offering (Hardware, Software, Services), By Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle), By Sales Channel (OEMs, Aftermarket), And By Geography - Forecasts From 2022 To 2027
- Published : Nov 2022
- Report Code : KSI061613061
- Pages : 145
The global automotive HMI market is estimated to grow at a CAGR of 10.58% to reach a market size of US$22.552 billion in 2027, up from US$11.156 billion in 2020. The global automotive human-machine interface (HMI) market is expected to grow at a decent CAGR throughout the forecast period owing to the increasing demand for better driver-vehicle interaction systems.
HMI, also known as Human Machine Interface, is a bridge between the driver and the car and the driver and his surroundings. The HMI allows the driver to interact with the vehicle and receive different kinds of information related to driving or other forms of feedback. HMI technology is available in a variety of product forms, including heads-up displays, rear-seat infotainment systems, steering-based controls, and others.
HMI is a very important technology to be incorporated into vehicles today as it is very important for the driver to receive feedback from the vehicle as well as information about the driving because the driving is impacted by many factors such as the environment, road conditions, and driver habits. The global HMI market has been segmented by product type, offering, vehicle type, sales channel, and geography.
The HMI is evolving with the increase in demand for these systems and technological advancement in the automobile industry. With the interaction modes changing rapidly from mechanical inputs to touch inputs to voice inputs, the HMI industry is moving at a significant rate. Owing to the increasing need of such systems, key players are investing in upgrading these technologies to better and more efficient ones. For example, Faurecia and Immersion collaborated on haptic automotive technologies in March 2021. Haptics adds new capabilities to automotive HMIs. It enables tactile surfaces to respond quickly to users and opens up new opportunities for OEMs to reimagine the user experience. Immersion is excited to collaborate with Faurecia to go beyond the traditional approach to automotive HMI systems and explore new ways that they can help the driver safely interact with the car.
By Product Type
On the basis of product type, the global automotive human machine interface (HMI) market is segmented as a heads-up display, gesture recognition, and speech, steering-based control, center stack display, instrument clusters, and multi-function (MuFu) touchpads, controller, and buttons. The Centre stack display and instruments cluster hold a notable share of the market. Heads-up display is expected to grow in market share due to the ease of interaction it provides between humans and automobiles, as it displays information directly on the windshield in front of the driver.
On the basis of offering, the global automotive human-machine interface (HMI) market is segmented as hardware, software, and services. Hardware-based modules hold a notable market share due to their easy availability and installation of these types of modules.
By Vehicle Type
On the basis of vehicle type, the global automotive human-machine interface (HMI) market is segmented as passenger vehicles, light commercial vehicles, and heavy commercial vehicles. Passenger vehicles hold a significant amount of market share due to increasing production and demand of passenger vehicles and better driver-vehicle interaction systems.
By Sales Channel
On the basis of sales channels, the global automotive human-machine interface (HMI) market is segmented as OEMs and aftermarkets. OEMs have a significant market share in the market because the majority of vehicles produced come with HMI software pre-installed or HMI module pre-mounted. The aftermarket also holds a notable amount of share in the market due to the easy availability of these modules by different companies.
By geography, the global automotive human-machine interface (HMI) market is segmented as North America, Europe, Middle East & Africa, Asia-Pacific, and South America.
The global automotive human-machine interface (HMI) market is competitive owing to the presence of well-diversified international, regional, and local players. The competitive landscape details strategies, products, and investments being made by key players in different technologies and companies to boost their market presence.
- Volvo Cars and Epic Games collaborated in HMI in June 2022. This collaboration is about more than just incorporating stunning game-quality graphics into their vehicles. It's about finding new ways to use visual communications to explain new technologies, provide new customer value, and safely bring the outside world into the vehicle.
- Pricol collaborated with Candera on HMI solutions in August 2021. Through this strategic technology partnership, Pricol gained access to global HMI solutions for a variety of next-generation connected Driver Information System (DIS) products serving all vehicle segments.
Covid 19 impact on Automotive Human Machine Interface (HMI) Market
The automotive HMI market is rapidly approaching pre-COVID levels, and a healthy growth rate is expected over the forecast period, fueled by economic recovery in the majority of developing countries. The frequent suspension of public transportation systems, combined with the virus's highly contagious nature, increased the demand for passenger cars, resulting in a demand for Automotive HMI products. However, the anticipated third and subsequent waves of the pandemic are creating a bleak outlook. This study aims to assess the impact of various COVID-19 scenarios on the future of the Automotive HMI market from 2020 to 2027.
Global Automotive Human Machine Interface (HMI) Market Scope:
|Market Size Value in 2020||US$11.156 billion|
|Market Size Value in 2027||US$22.552 billion|
|Growth Rate||CAGR of 10.58% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Product Type, Offering, Vehicle Type, Sales Channel, And Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||HARMAN International, Gestigon GmbH, Intellias Ltd., Denso, Rightware, Clarion, Elektrobit, Continental AG, Robert Bosch GmbH, Socionext America Inc.|
|Customization Scope||Free report customization with purchase|
- By Product Type
- Heads-up Display
- Gesture Recognition and Speech
- Steering-based Controls
- Center Stack Display
- Instrument Clusters
- Multi-Function Buttons, Touchpads, Controllers
- By Offering
- By Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- By Sales Channel
- By Geography
- North America
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Driver
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of End-Users
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Global Automotive Human Machine Interface (HMI) Market, By Product Type
5.2. Heads-up Display
5.3. Gesture Recognition and Speech
5.4. Steering-based Controls
5.5. Center Stack Display
5.6. Instrument Clusters
5.7. Multi-Function Buttons, Touchpads, Controllers
6. Global Automotive Human Machine Interface (HMI) Market, By Offering
7. Global Automotive Human Machine Interface (HMI) Market, By Vehicle Type
7.2. Passenger Vehicle
7.3. Light Commercial Vehicle
7.4. Heavy Commercial Vehicle
8. Global Automotive Human Machine Interface (HMI) Market, By Sales Channel
9. Global Automotive Human Machine Interface (HMI) Market, By Geography
9.1. North America
9.2. South America
9.3.3. United Kingdom
9.4. Middle East and Africa
9.4.1. Saudi Arabia
9.5. Asia Pacific
9.5.3. South Korea
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
11. COMPANY PROFILES
11.1. HARMAN International
11.2. Gestigon GmbH
11.3. Intellias Ltd.
11.8. Continental AG
11.9. Robert Bosch GmbH
11.10. Socionext America Inc.
Robert Bosch GmbH
Socionext America Inc.
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