The Automotive HMI Market is bifurcated into visual and acoustic interfaces. Visual interface segment held the highest industry share in 2015, owing to the factors such as consumer electronics enhancements, incorporation of major interfaces into the systems and the preferences of consumers. Acoustic interfaces have witnessed relatively lower adoption rates owing to the technological glitches and reluctance of the consumers regarding the technology.
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Automotive HMI market is categorized into the instrument cluster, voice control, HUD, central display, and RSE displays, on the basis of the products. HUD segment is projected to dominate the industry share pertaining to its featured safety applications. Instrument cluster sector is estimated to witness appreciable growth rate over the forecast period owing to the increasing global consumer demands.
Human machine interface systems find extensive applications in managing infotainment and deliver information and manage diverse vehicle characteristics. Incorporation of driver warning systems with these interfaces helps to identify and deal with the problems faced by the vehicle and forthcoming on road difficulties efficiently. Moreover, it is attributed with features such as driving assistance, comfort, and active stability management of the vehicles to lower the engine workload. Owing to these advantages, the industry is expected to witness significant adoption rates and propel the automotive HMI market size.
Trends that include advent of innovative display technologies which are highly adaptable, dynamic, and increased dashboard layout flexibility have gained significant consumer inclinations. Moreover, availability of haptic devices featured with advanced feedback channels, better consideration of human factors such as allotting priority task and distraction reduction with the innovative feature of speech inputs is anticipated to present potential growth opportunity over the forecast years.
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Asia Pacific automotive HMI market share dominated the global industry share, in 2015, and is anticipated to continue its dominance during the forecast timeframe. Increasing demand of comfortability, premium features and rising disposable income in emerging economies that include China and India are the prominent factors influencing regional growth. U.S. automotive HMI market contributed major industry share owing to high consumer inclinations and presence of key industry players that include General Motors and Ford Motors in the region.
Key vendors in the Automotive HMI market include Continental AG, Delphi, Valeo, Alpine Electronics, Tata Elxsi, Visteon Corp., Altran Technologies, Voicebox Technologies, and Adient, Atmel Corporation.
Manufacturers are increasingly investing in development of innovative user concepts to ensure better user comfort levels. For instance, in December 2016, Continental AG equipped the tenth-generation Mercedes Benz E-Class with two high resolution and widescreen displays with enhanced features. Automotive HMI market has witnessed large number of local entrants in automotive HMI market to fulfil the growing region specific demands. Intense competitive scenario is witnessed among the automobile manufacturers to gain competitive edge through innovation and introduce unique value proposition, gain higher customers inclination and expand their regional presence.
Automotive HMI Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Potential, Competitive Market Share& Forecast, 2016 – 2024