Automotive Human-Machine Interface (HMI) Market to Reach ~ US$ 27 Bn by 2027Posted by surendra choudhary on March 20th, 2020 Transparency Market Research has published a new report on the global automotive human-machine interface (HMI) market for the forecast period of 2019–2027. According to the report, the global automotive human-machine interface market is projected to reach ~ US$ 27 Bn by 2027, expanding at a CAGR of ~7% during the forecast period. Looking for Exclusive Market Insights from Business Experts? Request a Custom Report here Global Automotive HMI Market: Key Insights
Expansion of Global Automotive HMI Market
To Garner Compelling Insights on The Forecast Analysis of Market, Request a Sample Here Based on product, the infotainment systems segment held a major share of the global automotive HMI market, owing to the high penetration of infotainment systems in vehicles. Moreover, advancements in technology and integration of multiple interfaces for a single system are also likely to drive the global automotive human-machine interface market. Other segments such as heads-up displays and steering mounted interfaces are expected to be highly lucrative in the global automotive human-machine interface market. Based on interface, the mechanical segment held a major share of the global automotive HMI market. Currently, most of the interfaces used in vehicles are touchscreen-enabled, which is classified under the mechanical segment. Therefore, the segment held a notable share of the global automotive human-machine interface market. The penetration of other interfaces is rising at a high CAGR, and the integration of voice command and face recognition interfaces is rising significantly. Among the latest mid-level compact SUV vehicles, MG Hector is a notable vehicle that is integrated with voice command features, which is boosting its popularity in the market. Consequently, other vehicle manufacturers are likely to integrate such systems into their vehicles in order to consolidate their share in the global automotive human-machine interface market. Voice command and face recognition features also enhance the safety and security of vehicles by reducing the chances of distraction and protecting the vehicle from theft. The rising preference among consumers toward safety and security features is likely to propel the speech recognition and face detection interface segments of the global automotive human-machine interface market. Regional Analysis of Global Automotive HMI Market
Prominent players operating in the global automotive human-machine interface market include Alpine, Altran, Clarion, Continental AG, Denso Corporation, EAO, Harman International, Luxoft, Magneti Marelli, Nuance, Panasonic, Robert Bosch GmbH, Socionext, Tata ELXSI, Valeo Visteon, and Yazaki. Like it? Share it!More by this author |