The Global Market for Automotive Human Machine Interface (HMI) Solutions is Forecast to Reach US$34.5 Billion by 2024

With the Automotive Industry at a Turning Point, HMI Becomes Pivotal to the Emerging Autonomous, Shared, Connected & Electric Future of Urban Mobility, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Automotive Human Machine Interface (HMI) Solutions market. The global market for Automotive Human Machine Interface (HMI) Solutions is forecast to reach US$34.5 billion by 2024, driven by a medley of factors encompassing changing driver behavior; increased integration of advanced driver assistance systems (ADAS); booming demand for connectivity; encouraging progress in autonomous car commercialization; and rise of mobility service ecosystem and electric vehicles.     

HMI is no longer an afterthought in automotive engineering and design. With the automotive industry at a turning point where the future of mobility is rapidly moving towards an autonomous, shared, connected, electric and service (ASCES) oriented future, HMI becomes integral to the success of this transformation. In what can be defined as an acronym that embodies the disruption and evolution of the automotive industry as it enters the new era of mixed opportunities and challenges, ASCES is expected to have major implications for HMI developers and vendors. A broad range of technology forces are contributing significantly to the complexity of the driver’s operating environment in a vehicle. Technology incursion into the automobile has been radical over the last decade. The automobile has transformed from a simple transportation machinery into a smart, and connected self-aware piece of engineering marvel capable of anticipating a driver's personal preferences and changing traffic conditions and possible impediments and risks. A major fallout of this transformation is the need for HMI systems that are easy to operate, sophisticated, smart and capable of providing greater comfort, ease of mind, and minimize driver distraction.

HMI systems are defined as a combination of hardware and software providing an interface between humans and automated systems using HMI panels or software. HMI are important touch points for feeding inputs/instructions and for controlling, monitoring and checking vehicle systems both electronic and electromechanical. HMI enables safe completion of automotive and non-automotive tasks such as social networking, shopping, and communication which users perform on their mobile devices. Human Machine Interface (HMI) Systems remains critical to the success of automotive applications such as automotive audio/video systems, GPS systems, telematics, occupant detection, side mirror control climate control, and power windows. Future growth in the automotive HMI market will come largely from integrated and adaptive HMI that reduces the risk of distracted driving. Automotive HMI technology is rapidly evolving from limited personalization features, isolated management of information to adaptive information management, workload balancing, cloud based personalization and safe integration of external devices. Modern HMI solutions are increasingly integrating information and driver assistance systems. Significant R&D efforts are being directed at adapting HMI to driver state and behavior.

The rise in mobility services as the emerging new business reality for automotive OEMs heightens the importance of HMI as the smart command center and a touch point for service enablement. HMI in this regard provides a decisive competitive advantage. Connected cars open up a goldmine of opportunities for OEMs in the field of in-car services, enabling them to widen their revenue streams and profit margins. Under this scenario, auto OEMs are turning into original mobility service providers. OTA updates of infotainment and telematics systems on cars and updates for wireless engine tuning and calibration requires a fluid, contextual and relevant multi-modal HMI capable of displaying update availability alerts, allow vehicle owners to accept the update, keep them updated as to the progress of the update and provide information of the new functions enabled by the update in specific automobile system or sub-systems.

As stated by the new market research report on Automotive Human Machine Interface (HMI) Solutions, the United States and Asia-Pacific represent largest markets worldwide together accounting for over 50% of the global market. The United States ranks as the fastest growing market with a CAGR of 15.1% over the analysis period led by the strong progress being made in semi-autonomous and fully autonomous vehicles; rapid development of mobility as a service ecosystem and development of new OEM business models geared for innovative services. 

Major players in the market include ALPS ELECTRIC CO. LTD., Altran UK, Atmel Corporation, Clarion, Continental AG, Elektrobit Automotive GmbH, Cypress Semiconductor Corporation, DENSO Corporation, EAO AG, Faurecia, HARMAN International, Luxoft, Magneti Marelli S.p.A, Nippon Seiki Co. Ltd, Nuance Communications Inc., Panasonic Corporation, Rightware Corporation, Robert Bosch GmbH, Synaptics Incorporated, Tata Elxsi Limited, Texas Instruments Inc., Valeo, Visteon Corporation and VoiceBox Technologies Inc. among others. 

The research report titled “Automotive Human Machine Interface (HMI) Solutions: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies.  The report provides market estimates and projections for all major geographic markets such as the USA, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa and Latin America (Brazil and Rest of Latin America). The report also provides market estimates and projects by product segments such as Head Up Display, Instrument Clusters, Touch Screen Display and Others (including Rear Seat Entertainment, Multifunction Switches, and Steering Mounted Controls).

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