According to a new report, published by KBV research, 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 Passenger Cars segment acquired the maximum revenue share in the Global Automotive HMI Market by Vehicle Type in 2022, thereby achieving a market value of $36 billion by 2030. These cars can also be used for business (CAB system) and personal use. The growing urban population and its commuting requirements are just two causes of the domination. Additionally, end customers choose electric automobiles because of their low maintenance costs, low running expenses, and growing popularity of using clean energy to power vehicles.
The <5" segment has shown the high growth rate of 11.1% during (2023 - 2030). For most individuals, displays measuring between 4.3 and 4.7 inches are optimal. Although larger displays provide more room, they are not required for most uses. Manufacturers who boost screen resolution, like Garmin and TomTom with their most recent glass capacitive touchscreen products, give users a considerable crisper, brighter image in the 4.3-inch and 4.7-inch screen size format. Before now, 5-inch displays were uncommon, but all significant manufacturers now provide a minimum of a few 5-inch variants.
The Visual Interface segment generated the highest revenue in the Global Automotive HMI Market by Technology in 2022, thereby achieving a market value of $24.3 billion by 2030. The market in this segment is driven by the rising use of visual interface technologies, including head-up displays, instrument cluster displays, and central touch screens. They enhance the comfort and enjoyment of drivers and passengers by providing cutting-edge functionalities, including media playback, navigation, and smartphone connectivity. Utilizing visual interface technologies also reduces driver distraction and streamlines controls, improving safety.
The Standard HMI System segment is showcasing a CAGR of 11.5% during (2023 - 2030). An interface that enables both the input and output of data is known as Standard Automotive HMI. Even though it typically takes the shape of a display screen, it may also have additional components like switches, buttons, or voice recognition. The capability of typical HMIs might be constrained despite their simplicity and ease of use. HMI (Human Machine Interface) refers to a series of switches and screens that let a driver operate a vehicle without glancing at the instrument cluster. HMI has a significant user-friendliness advantage over conventional switches and knobs.
The Central Displays segment is leading the Global Automotive HMI Market by Product in 2022 thereby, achieving a market value of $13.8 billion by 2030. This is explained by the fact that many passenger automobiles in important markets now have central screens that are smart and networked. During the projection period, the segment's growth is anticipated to be fueled by government rules banning the use of mobile phones while driving and mandating the integration of these displays with telemetry systems.
The Asia Pacific region dominated the Global Automotive HMI 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. The Europe market is showcasing a CAGR of 10.2% during (2023 - 2030). Additionally, The North America market would register a CAGR of 10.7% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/automotive-hmi-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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
Companies Profiled
Unique Offerings 
