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Automotive Human Machine Interface (HMI) Market Size

Report ID: GMI1370
Published Date: Dec 2022
Report Format: PDF

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Automotive HMI Market Size

Automotive Human Machine Interface Market size exceeded USD 15 billion in 2022 and is projected to expand at more than 15% CAGR from 2023 to 2032.

When combined with in-car sensors, the HMI platform offers a real-time AR experience to the driver through the head-up display (HUD). The HUD helps drivers predict other vehicles' behavior on the road, including cornering strategies and speed limit changes and take informed decisions, thereby improving overall driver and vehicle safety. Moreover, a significant rise in demand for connected vehicles pushed by the increasingly tech-savvy population and the growing consumer inclination toward security and comfort in cars.

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Furthermore, the escalating efforts by leading automotive manufacturers towards introducing advanced connected features in vehicles to gain better customer engagement will enhance the demand for HMI systems. While technological advancements have helped elevate the overall driving experience, on the one hand, they have raised several concerns about the security of connected cars on the other. Internet connectivity exposes delicate vehicle-related information to potential threats and unethical sources, which may impede the adoption of the automotive human machine interface over the forthcoming years.

Automotive HMI Market Report Attributes
Report Attribute	Details
Base Year:	2022
Automotive HMI Market Size in 2022:	15 Billion (USD)
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	15%
2032 Value Projection:	75 Billion (USD)
Historical Data for:	2018 to 2022
No. of Pages:	250
Tables, Charts & Figures:	390
Segments covered:	Product, Interface Type, Vehicle Type, and Access Type
Growth Drivers:	Use of gestures for enhanced human-car interactions Growing need for improved driver and vehicle safety Increased adoption of Advanced Driver Assistance System (ADAS) for fleet management Rising demand for connected vehicles across the globe Growing demand for enhanced user experience and convenience features in vehicles
Pitfalls & Challenges:	Safety and security concerns related to connected cars HMI design and complexity issues Interoperability issues

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Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive HMI crossed USD 15 billion in 2022 and is predicted to showcase more than 15% gains between 2023 to 2032 owing to an increased emphasis on improving driver and vehicle safety.

The instrument cluster segment is poised to depict over 14.5% CAGR through 2032 owing to the rapid integration of progressive technologies and the continuous evolution of the vehicle cockpit design.

The commercial vehicle segment accounted for 20% of the revenue share in 2022 due to the several benefits offered by HMIs such as improved fuel efficiency, safety, and increased productivity.

The North America market is set to witness over 16% growth rate through 2032 driven by the increasing sales of autonomous connected cars and the increasing technological innovations across the region.