How Is The Global Automotive Human Machine Interface (HMI) Market Defined?
Automotive human-machine interfaces (HMI) refer to the technology and systems that enable interaction between humans (drivers and passengers) and the various electronic and mechanical components of a vehicle. It is used for a variety of purposes aimed at enhancing the interaction between drivers, passengers, and vehicle systems.
Automotive Human Machine Interface (HMI) Global Market Report 2024 provides data on the global automotive human machine interface (hmi) market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive human machine interface (hmi) market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global Automotive Human Machine Interface (HMI) Market Size Expected To Change, And What Are The Growth Rate Projections?
The automotive human-machine interface (HMI) market has grown rapidly in recent years. It is expected to increase from $21.02 billion in 2023 to $23.41 billion in 2024, at a CAGR of 11.4%. The historical growth is due to rising demand for connected vehicles, greater integration of advanced driver assistance systems (ADAS), increased demand for in-vehicle entertainment, and a focus on ergonomics and energy efficiency. The market is projected to see rapid growth, reaching $36.52 billion by 2028 at a CAGR of 11.8%. This growth is attributed to the increasing safety features offered by HMIs, rising infotainment applications, growing urbanization, the rise of autonomous vehicles, and the demand for remote vehicle monitoring. Trends include the adoption of AR heads-up displays, advancements in AI and ML, power seat controls, biometric systems, and occupation detection.
Which Drivers Are Accelerating Growth In The Automotive Human Machine Interface (HMI) Market?
The increasing number of autonomous vehicles is expected to drive the growth of the automotive human-machine interface (HMI) market. Autonomous vehicles, which use sensors, computer systems, and artificial intelligence to operate without human intervention, are becoming more prevalent due to advances in technology and substantial investments. Automotive HMIs enable interaction between the vehicle's systems and its occupants, facilitating communication and improving user experience. The National Association of Insurance Commissioners predicts that there will be 3.5 million autonomous vehicles on U.S. roads by 2025 and 4.5 million by 2030. This rise in autonomous vehicles is expected to fuel the growth of the automotive HMI market.
Get Your Free Sample of the Global Automotive Human Machine Interface (HMI) Market Report
What Are The Core Segments Of The Global Automotive Human Machine Interface (HMI) Market?
The automotive human machine interface (HMI) market covered in this report is segmented –
1) By Product Type: Voice Control, Central Display, Instrument Cluster, Steering Mounted Control, Rear-Seat Entertainment (RSE) Display, Heads-Up Display (HUD)
2) By Technology: Visual Interface, Acoustic, Mechanical, Other Technologies
3) By Access Type: Standard, Multimodal
4) By Vehicle Type: Passenger Cars, Commercial Vehicle
Which Emerging Trends Are Reshaping The Automotive Human Machine Interface (HMI) Market Size?
In the automotive human-machine interface sector, major companies are emphasizing advanced autonomous driving technologies to strengthen market presence. Autonomous driving solutions enable vehicles to operate without human input. In June 2022, Jidu Auto, a China-based carmaker, introduced the robocar ROBO-01, integrating AI-driven capabilities with radar, lidar, and cameras for real-time navigation and interaction. This advanced vehicle also features AI voice interaction and a large integrated screen for an immersive user experience.
What Is The Largest Region In The Automotive Human Machine Interface (HMI) Market?
North America was the largest region in the automotive human machine interface (HMI) market in 2023. The regions covered in the automotive human machine interface (HMI) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
