The Global Automotive HMI Market size is expected to reach $47.5 billion by 2030, rising at a market growth of 10.9% CAGR during the forecast period.
The usage of commercial vehicles is increasing day by day. The market for automobiles rises as more people settle in urban areas. Therefore, the Commercial Vehicles segment is anticipated to capture approximately 24% share of the market by 2030. The research and implementation of novel transportation vehicles have significantly increased in countries like the US, India, and China, which view vehicle manufacture and production as a basis of economic development. For instance, the OICA estimates that 23,418,078 commercial vehicles and 61,598,650 vehicles were produced globally in 2022. In addition, in 2022, the number of vehicles produced in India, China and the United States were 4,439,039 units, 23,836,083 units, and 1,751,736, respectively. Over the past few decades, the automobile industry’s rise in developing nations has been fueled by governmental laws that integrate substantial levels of safety and high requirements for local content.
The major strategies followed by the market participants are Partnerships as the key developmental strategy to keep pace with the changing demands of end users. For example, In May, 2023, Valeo SA formed a partnership with Renault Group to develop the electrical and electronic architecture for the OEM’s next-generation vehicles. Additionally, In June, 2021, Valeo came into partnership with Navya to test its latest ADAS technologies and focuses on various components including ECUs, Cameras, sensors, and AI software.
Based on the Analysis presented in the KBV Cardinal matrix; Harman International Industries, Inc. is the forerunner in the Market. Companies such as Robert Bosch GmbH, Panasonic Holdings Corporation, Denso Corporation are some of the key innovators in the Market. In June, 2022, Bosch SDS partnered with Rightware to combine HMI services and allow it to co-create solutions and help OEMs provide a competitive edge in the rapidly growing market.
The automobile industry's need for Human-Machine Interfaces (HMIs) is being fuelled by developments in artificial intelligence (AI) and machine learning (ML). Numerous benefits are provided by these cutting-edge technologies, including improved driver safety, tailored driving experiences, and reduced risk of unanticipated failures. Natural Language Processing (NLP) technology integration is a prominent application of AI that boosts the need for the market. Drivers can interact with the HMI more naturally and have more secure and convenient driving experiences by improving the accuracy & interpretation of speech recognition technologies.
With the development of driverless vehicles, drivers' responsibilities are shifting from direct control to passive observation. This change calls for creating sophisticated HMIs that engage drivers while successfully communicating information to them. To handle novel situations like emergency reactions and driver-vehicle transfer, HMI must develop. For instance, Waymo, a division of Alphabet Inc., has developed HMI technology that offers real-time route information and enables passengers to make modifications using voice commands. With the help of this interface, passengers in driverless vehicles can travel with confidence.
Modern Human-Machine Interface (HMI) technologies, which offer improved safety, convenience, and customization, have sped up the vehicle industry's progress. These state-of-the-art HMI technologies demand specialized manufacturing procedures, cutting-edge hardware, and updated software that could raise expenses. Costs for end users are increased due to significant investments made by Tier 1 corporations and component suppliers in developing and deploying cutting-edge HMI technology. The cost of these technologies is expected to decrease as the automobile industry develops, making them cheaper and more readily available for a larger spectrum of consumers.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Partnerships & Collaborations.
Based on vehicle type, the market is categorized into passenger cars, and light commercial vehicles. The commercial vehicles segment garnered a significant revenue share in the market in 2022. The urban population's higher living standards, rising disposable income, and rapid urbanization have all enhanced peoples' spending ability. Over the past few years, there has also been a significant increase in demand for commercial vehicles. This came about due to the growing necessity for commercial cars in most developed nations due to local logistical requirements. As a result, the commercial vehicle segment is anticipated to expand significantly during the projected period.
On the basis of display size, the market is bifurcated into <5”, 5–10”, and >10”. In 2022, the 5-10" segment dominated the market with the maximum revenue share. The size of displays larger than 10 inches is expected to increase quickly. Numerous factors, such as the improved user experience offered by larger screens, the capacity to integrate cutting-edge functionalities and features, the contribution to design and aesthetics, the development of technology ensuring larger screens are more practical & affordable, and the competitive differentiation provided by larger screens, all contribute to this growth. As a result, the demand for large screen display sizes in the next years would be influenced by the expansion of high-end and mid-variant automobiles to boost status quotient and aesthetic appeal.
Based on product, the market is segmented into voice recognition system, rotary controllers, gesture recognition, central display, instrument cluster display, steering mounted control system, head-up display, and multifunction switches. In 2022, the gesture recognition segment projected a prominent revenue share in the market. Systems for recognizing gestures in vehicles are common in multimedia, entertainment, and navigation-based automobile electronics. Additionally, during the forecasting period, the need for automotive gesture recognition systems is predicted to be driven by rising customer desire for application-driven technologies and increased awareness of driving safety & regulations in the automotive industry.
Based on technology, the market is classified into visual interface, acoustic interface, and others. The acoustic interface segment covered a considerable revenue share in the market in 2022. The market is being stimulated by the leading industry players' use of cutting-edge technology, such as acoustic technology. This technique helps lighten the stress on the visual & sensory components of the HMI system.
On the basis of access type, the market is fragmented into standard HMI system, and multimodal HMI system. The multimodal HMI system witnessed the largest segment revenue share in the market in 2022. An interface with numerous user-interaction options is known as a multimodal automotive HMI. Vehicles with cutting-edge infotainment systems frequently have this kind of HMI. Touchscreen displays, gesture control, speech recognition, and other technologies are some examples of multimodal HMIs.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 21.1 Billion |
| Market size forecast in 2030 | USD 47.5 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 10.9% from 2023 to 2030 |
| Number of Pages | 385 |
| Number of Table | 574 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Market Share Analysis, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Vehicle Type, Display Size, Technology, Access Type, Product, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
|
| Restraints |
|
Region wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region covered a considerable revenue share in the market. The widespread adoption of connected automobile technologies as well as the rising interest in and use of autonomous vehicles will have a favorable impact on regional market development. In addition, the region's need for HMI has grown significantly, helped by the introduction of many connected automobiles with cutting-edge technology platforms and intuitive interfaces.
Free Valuable Insights: Global Automotive HMI Market size to reach USD 47.5 Billion by 2030
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Harman International Industries, Inc. (Samsung Electronics Co., Ltd.), Continental AG, Denso Corporation, Panasonic Holdings Corporation, Alps Alpine Co., Ltd., Visteon Corporation, Robert Bosch GmbH, Valeo SA, Synaptics Incorporated, and Aptiv PLC.
By Vehicle Type
By Display Size
By Technology
By Access Type
By Product
By Geography
The Market size is projected to reach USD 47.5 billion by 2030.
Rising innovations in autonomous mobility solutions are driving the Market in coming years, however, Advanced HMI technologies are expensive restraints the growth of the Market.
Harman International Industries, Inc. (Samsung Electronics Co., Ltd.), Continental AG, Denso Corporation, Panasonic Holdings Corporation, Alps Alpine Co., Ltd., Visteon Corporation, Robert Bosch GmbH, Valeo SA, Synaptics Incorporated, and Aptiv PLC.
The <5 Inches segment has shown the high growth rate of 11.1% during (2023 - 2030).
The Central Displays segment is leading the Market by Product in 2022 thereby, achieving a market value of $13.8 billion by 2030.
The Asia Pacific region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $17,651.8 million by 2030.
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 