Automotive HMI Market Share, Size, Trend and Forecast

Posted by Rahul Gautam on November 9th, 2020

According to a report by P&S Intelligence, the global automotive human-machine interface (HMI) market is progressing at a 10.8% CAGR during the forecast period (2020–2030). The market is registering growth due to the advancements in the augmented reality, connectivity, virtual reality, and IoT technologies and the incorporation of these technologies in HMI solutions. Moreover, the swift digitization is also predicted to result in the growth of the market.

The automotive HMI market is categorized into central display, voice recognition system, gesture recognition system, rear seat entertainment unit, head-up display, instrument cluster, steering mounted control, and multifunction switches in terms of product. Out of this, the central display category held the major share of the market in 2019, owing to the fact that a significant number of passenger cars are being integrated with smart and connected central displays. Government regulations regarding the incorporation of such displays is also expected to drive the market.

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In addition to this, the rising consumer preference for in-vehicle connectivity is also expected to drive the automotive HMI market. People these days are increasingly demanding to stay connected with the outer world, even while traveling, which is why, manufacturers are now extensively integrating in-vehicle connectivity feature in vehicles. In-vehicle infotainment systems include traffic and collision warnings, roadside assistance, smartphone connectivity with the vehicle, real-time traffic monitoring, and automobile diagnostics.

In conclusion, the market is being driven by the growing need for incorporating safety features in vehicles and increasing consumer preference for in-vehicle connectivity in vehicles.