Driven by Design: Automotive HMI Market Set to Soar Past USD 86.82 Billion by 2030
SkyQuest Technology Consulting Pvt. Ltd.
4 min read
SkyQuest Technology Consulting Pvt. Ltd.
The global Automotive HMI market size is expected to reach USD 86.82 billion by 2030 and exhibit a CAGR of 11.93% in the forecast period (2023−2030), according to Skyquest's latest research report. The increasing demand for connected and autonomous vehicles, growing emphasis on driver safety and comfort, advancements in display and touch technologies, and integration of voice recognition and natural language processing systems are fueling the market's growth.
Westford, USA, July 03, 2023 (GLOBE NEWSWIRE) -- According to SkyQuest's latest global research of the Automotive HMI market, integration of advanced driver assistance systems (ADAS) with HMI, adoption of virtual assistants and voice-controlled interfaces, the rise of augmented reality (AR) and heads-up display (HUD) technologies increasing use of gesture recognition and touchless interfaces, development of natural language processing (NLP) and conversational AI, integration of biometric sensors for personalized user experiences, growth of connected car platforms and cloud-based services, focus on seamless and intuitive user interfaces, are the trends that aid in the market's growth.
Automotive HMI stands for Human-Machine Interface. It is the system that allows drivers and passengers to interact with the vehicle's electronic systems. This includes everything from the radio and climate control to the navigation system, and advanced driver assistance features. It is becoming increasingly important as vehicles become more complex and equipped with more features. It is essential that HMI systems are designed to be easy to use and understand, even in a distracting driving environment.
Prominent Players in Automotive HMI Market
Amazon Fresh
Walmart Grocery
Instacart
Kroger
Aldi
Costco
Target
FreshDirect
Peapod
Shipt
Thrive Market
HEB
Publix
Safeway
Wegmans
Albertsons
Trader Joe's
Fairway Market
Whole Foods Market
Amazon Prime Now
Browse summary of the report and Complete Table of Contents (ToC):
Infotainment Display Demand to Grow Substantially in the Forecast Period
Infotainment displays dominated the global online market as they provide a wide range of applications and functionalities. These displays provide a wide range of features and functionalities, including navigation, multimedia entertainment, connectivity, and vehicle settings. The increasing demand for connected cars and the integration of advanced technologies in infotainment systems contribute to their prominence in the market.
Advanced Driver Assistance Systems (ADAS) is the Leading Application Segment
In terms of application, Advanced Driver Assistance Systems (ADAS) are the leading segment due to the increasing demand for technologies such as collision warning systems. In addition, lane departure warnings, adaptive cruise control, and automated parking are becoming increasingly prevalent in vehicles. HMI interfaces play a vital role in providing drivers with information and alerts related to these systems, ensuring that they can effectively utilize and understand the capabilities and functions of ADAS features. The integration of ADAS technologies and the need for intuitive and informative HMI interfaces to support these features will contribute to sales in this segment.
North America is the leading Market Due to the Technological Advancements
Region-wise, North America is one of the largest growing markets with a huge emphasis on technological advancements. The region is home to several key automotive manufacturers and technology companies that contribute to the development and adoption of innovative HMI solutions. Additionally, North America strongly focuses on driver safety and user experience, which drives the demand for sophisticated HMI interfaces.
A recent report thoroughly analyzes the major players operating within the Automotive HMI market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Automotive HMI.
Key Developments in Automotive HMI Market
In March 2023, L3Harris Technologies acquired BlueBird Aero Systems, a company that develops small UAS for military and commercial applications.
In April 2023, Textron Systems acquired AAI Corporation, which develops unmanned aircraft systems for military and commercial applications.
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
