Automotive Human Machine Interface Market value to cross $75 Bn by 2032

Automotive HMI Market size is set to reach USD 75 billion by 2032; according to a new research report by Global Market Insights Inc.
 

The increased emphasis on introducing convenient features in vehicles to enhance the overall user experience will accelerate the demand for human-machine interfaces across the automotive sector. Automotive HMI solutions let drivers and passengers interact with the vehicle and the outside environment. These solutions allow efficient communication with voice-enabled vehicle infotainment, control panels, screens, and dashboards, thus complement the driving and riding experience.
 

In addition, the rapid integration of Advanced Driver Assistance System (ADAS) technology to analyze real-time driver behavior, improve fleet operational efficiency, and avoid potential road hazards will impact the demand for automotive HMI. Connected vehicles or cars comprise multiple data point connections, systems, and sensors, which makes it challenging to integrate all of them together and thus causes interoperability issues. Since interoperability is critical to ensuring consistent and reliable performance of intelligent transport systems irrespective of their vehicles, these issues may hamper the automotive human machine interface market progression through 2032.
 

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Increasing technological advancements to bolster the demand for head-up displays (HUDs)

The head-up display (HUD) segment is expected to showcase more than 21% growth from 2023 to 2032. The segment growth is attributable to the growing advances in vehicle display technology focused on improving the HUD system design. A number of vehicles utilizing Light-Emitting Diode (LED), Liquid Crystal Displays (LCD), and ADAS technologies to deliver an improved field of view to the driver and prevent road accidents will stimulate segment growth.
 

Browse key industry insights spread across 250 pages with 359 market data tables & 31 figures & charts from the report, “Automotive Human Machine Interface (HMI) Market Size By Product (Instrument Cluster, Multifunction Switches, Steering-mounted Controls, Central Display, Rear Seat Entertainment Display, Head-up Display (HUD)), By Interface Type (Visual, Acoustic, Mechanical), By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Access Type (Standard Interface, Multimodal Interface), COVID-19 Impact Analysis, Growth Potential, Regional Outlook, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/automotive-hmi-market
 

Robust outlook of the automotive sector to propel the product demand in passenger vehicles

The passenger vehicle segment recorded a valuation of USD 13 Billion in 2022. The introduction of several technological breakthroughs and the continuously evolving landscape of the automotive sector has aggravated the demand for passenger cars with intuitive HMI interfaces. The increased emphasis on enhancing the in-care experience and augmenting production and sales of passenger vehicles will escalate Automotive HMI market expansion.
 

Growing emphasis on improving user experience will support the popularity of visual HMIs

The visual segment will exhibit 17% growth rate through 2032. The rapid expansion of the autonomous car fleet has exposed automotive designers to new challenges of seamlessly connecting vehicle infotainment systems with digital services and delivering an outstanding in-vehicle experience. This increased complexity has generated the requirement to introduce a powerful user interface that provides the driver with an optimum overview of the infotainment data and vehicle environment. Thus, creating a robust growth outlook for the automotive human machine interface industry.
 

The replacement of traditional interfaces with modern ones to foster the adoption of multi-modal interface

The multi-modal interface segment held approximately 48% of the market revenue share in 2022. The incorporation of acoustic and haptic interaction capabilities into human machine interface systems will proliferate the trend of the multi-modal interface. The ongoing replacement of conventional interface components, such as rotary controls, harsh push buttons, and warning lights, by multi-modal input techniques, such as voice control, haptic feedback, gesture control, and touch screen, will boost the industry landscape.
 

Improving economic scenario to streamline Asia Pacific market growth

From a regional viewpoint, the Asia Pacific automotive HMI market is anticipated to witness over 18% CAGR between 2023 and 2032. The remarkable rise in the production of commercial and passenger vehicles in countries such as China and India will support regional expansion through the ensuing years. Besides, the increasing consumer inclination toward luxury vehicles due to improved economic growth and the infusion of hefty investments in autonomous driving technology will further accelerate regional growth.
 

Increasing strategic exchanges to strengthen the competitive outlook

Notable players in the automotive HMI business are Harman, Continental, Alpine,  Altran, Magneti Marelli, EAO, Nuance,  Clarion, Denso, Tata ELXSI, Socionext, Valeo, Yazaki, Visteon, Bosch,  Luxoft, and Panasonic. These companies have been strengthening their strategic associations toe epand their business capacity and gain a competitive edge.
 

To cite an instance, in June 2022, Bosch SDS teamed up with Rightware to incorporate HMI services using the Kanzi toolchain and Bosch HMI Center of Excellence’s engineering and global delivery capabilities. The partnership enabled Bosch SDS to utilize Rightware’s Kanzi toolchain to develop automotive HMI-UX projects and placed Bosch HMI CoE to cater to the global automotive Human Machine interface market.