$28.13 Billion Automotive HMI Market 2017 by Technology, Product, Access, Light Duty Vehicle Type, Function, and Region - Global Forecast to 2021 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Automotive HMI Market by Technology (Visual and Acoustic), Product (Voice Control, Central Display, Instrument Cluster, Steering Mounted Control, HUD, RSE Display), Access, Light Duty Vehicle Type, Function, and Region - Global Forecast to 2021" report to their offering.

The Automotive HMI market is projected to grow at a CAGR of 11.93%, from USD 16.01 Billion in 2016 to USD 28.13 Billion by 2021

The rise in demand for enhanced user experience and convenience features in automobile industry has fueled the growth of this market. The growth in demand for connected vehicles is also a major factor that has contributed to the growth of the automotive HMI market.

The visual interface technology is estimated to record the largest market size in automotive HMI market, by technology. Factors such as innovations in consumer electronic systems, integration of major interfaces in display systems, and consumer preferences are prompting the growth of the visual interface market.

The head up display (HUD) segment is estimated be the fastest growing segment during the forecast period. With the increased emphasis on reducing driver workload and driver distractions factors, a majority of the HMI manufacturers and OEMs are focusing on enhancing user experience and providing convenience feature in order to provide better in-vehicle features.

The multimodal HMI segment in automotive HMI market, by access type, is estimated be the fastest growing during the forecast period. This is due to factors such as enhancement of safety and comfort features of the vehicle, and growing demand for Autonomous vehicle.

The Asia-Pacific market is estimated to be the largest market with a highest market share of the Automotive HMI market by value and volume. The Asian automotive HMI market is projected to be the largest market owing to increasing vehicle production and sales, which is further due to the increase in disposable income in countries like India and China.

Market Dynamics

Drivers

  • Low Cost Hmi Enabling Software
  • Growth in Connected Vehicles
  • Rising Demand for Enhanced User Experience And Convenience Features
  • Increased Adoption By Oems

Restraints

  • High Cost of Advance Hmi Systems
  • High Power Consumption
  • Cyber Security Threat

Opportunities

  • Advent of Concept Cars And Electric Vehicles in the Automotive Industry
  • Growth in Mobility Services
  • Integration of Multiple Technologies (Adaptive & Holistic Hmi)
  • Increase in Demand for Autonomous Vehicles

Challenges

  • Long Production Cycle of Automotive Vehicle
  • Luxurious Interior at Lower Price
  • Distraction of Driver

Companies Mentioned

  • Alpine Electronics Inc.
  • Altran Technologies Sa
  • Clarion Co. Ltd.
  • Continental Ag
  • Delphi Automotive Plc
  • Harman International Industries, Inc.
  • Luxoft Holding, Inc
  • Magneti Marelli S.P.A.
  • Synaptics Incorporated
  • Valeo S.A.
  • Visteon Corp.
  • Voicebox Technologies

For more information about this report visit http://www.researchandmarkets.com/research/8b9wt4/automotive_hmi

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Telematics and Vehicle Electronics, Trucks

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Telematics and Vehicle Electronics, Trucks