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Automotive Human Machine Interface (HMI) Solutions - Global Market Trajectory & Analytics

  • ID: 1946798
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ALPS ELECTRIC Co. LTD.
  • Continental AG
  • Faurecia
  • Nippon Seiki Co. Ltd
  • Robert Bosch GmbH
  • Texas Instruments Inc.
Global Automotive Human Machine Interface (HMI) Solutions Market to Reach $40 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Human Machine Interface (HMI) Solutions estimated at US$17.9 Billion in the year 2020, is projected to reach a revised size of US$40 Billion by 2027, growing at a CAGR of 12.2% over the analysis period 2020-2027. Touch Screen Display, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$9.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Instrument Clusters segment is readjusted to a revised 18% CAGR for the next 7-year period.



The U.S. Market is Estimated at $4.8 Billion, While China is Forecast to Grow at 15.4% CAGR

The Automotive Human Machine Interface (HMI) Solutions market in the U.S. is estimated at US$4.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.4 Billion by the year 2027 trailing a CAGR of 15.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.9% and 10.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.3% CAGR.

Head-Up Display Segment to Record 19.6% CAGR

In the global Head-Up Display segment, USA, Canada, Japan, China and Europe will drive the 18.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.3 Billion in the year 2020 will reach a projected size of US$4.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6 Billion by the year 2027, while Latin America will expand at a 21.5% CAGR through the analysis period.

Select Competitors (Total 52 Featured):
  • ALPS ELECTRIC Co., LTD.
  • Altran UK
  • Atmel Corporation
  • Continental AG
  • Cypress Semiconductor Corporation
  • DENSO Corporation
  • EAO AG
  • Elektrobit Automotive GmbH
  • Faurecia
  • Luxoft
  • Magneti Marelli S.p.A
  • Nippon Seiki Co., Ltd
  • Nuance Communications Inc.
  • Panasonic Corp.
  • Rightware Corporation
  • Robert Bosch GmbH
  • Synaptics Inc.
  • Tata Elxsi Limited
  • Texas Instruments Inc.
  • Valeo
  • Visteon Corporation
  • VoiceBox Technologies, Inc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ALPS ELECTRIC Co. LTD.
  • Continental AG
  • Faurecia
  • Nippon Seiki Co. Ltd
  • Robert Bosch GmbH
  • Texas Instruments Inc.
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Recent Market Activity
  • With the Automotive Industry at a Turning Point, HMI Becomes Pivotal to the Emerging Autonomous, Shared, Connected & Electric Future of Urban Mobility
  • As In-Vehicle Connectivity & the Resulting Information Overload Floods the Car, Driver Focused HMI Emerges into the Cornerstone of Growth
  • Electronification & Digitalization of the Car Throws the Emphasis on Providing Rich HMI Experiences
  • Smarter, Safer Interfaces Remain at the Core of the Connected Car Trend
  • Holistic HMI: Vital in Building Consumer Confidence & Acceptance of Electric Vehicles
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Rise in Mobility Services & Subscription Based Connected Car Services Spurs the Importance of HMI
  • Innovative Fusion of Infotainment with Telematics, ADAS, Navigation, ITS and Connected Vehicle Functions Drives Up the Importance & Value of HMI Systems
  • The Emergence of Autonomous Cars Paves the Way for the Development of Next Generation HMI Technologies
  • Artificial Intelligence (AI) Makes its Much Awaited Debut as the Future of Automotive HMI
  • Automotive Assistant with Cognitive Arbitration Capabilities Soon to Become a Reality
  • A Peek Into Other Noteworthy Trends
  • Rise in Semiconductor Content Per Car & a Parallel Rise in Distracted Driving Spurs Opportunities for Intuitive HMI Solutions
  • Distracted Driving: The Bane of Mobile Technology Proliferation & An Opportunity for Intelligent Hands-Free HMI Architecture
  • Reduced Driver Distraction Tops Design Goals of HMI
  • The Risks Posed by Current Generation Touchscreens Throws the Spotlight on Touchless HMI
  • Voice Recognition as the Most Basic Form of Touchless Sensing Attracts Flake for Unsuitability in Automobile Applications
  • Gesture-Based Control of In-Car Devices Rises in Prominence
  • Touch Screen HMIs: Still the Dominant Technology in the Automotive Industry
  • Multimodal HMI: The Current Reigning Technology Crowned as the Future of In-Car Interaction
  • Augmented Reality Makes Inroads into the Automotive HMI Market With the Next Generation Automotive Grade Heads-Up Displays
  • Effervescent Innovation Reinvents the Steering Wheel
  • HMI 2.0 & HTML5 Based In-Vehicle HMI Garner Strong Research Interest
  • Vehicle Production Gains in China to Drive Growth in the Asian Market: The Foundation for Macro Market Optimism
  • Expanding Middle Class Population in Developing Countries to Drive Broad Based Growth in the Market
  • Market Challenges
  • Market Outlook
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 52
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ALPS ELECTRIC Co. LTD.
  • Altran UK
  • Atmel Corporation
  • Continental AG
  • Cypress Semiconductor Corporation
  • DENSO Corporation
  • EAO AG
  • Elektrobit Automotive GmbH
  • Faurecia
  • Luxoft
  • Magneti Marelli S.p.A
  • Nippon Seiki Co. Ltd
  • Nuance Communications Inc.
  • Panasonic Corp.
  • Rightware Corporation
  • Robert Bosch GmbH
  • Synaptics Inc.
  • Tata Elxsi Limited
  • Texas Instruments Inc.
  • Valeo
  • Visteon Corporation
  • VoiceBox Technologies, Inc.
Note: Product cover images may vary from those shown
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