Automotive HMI Market - Forecast(2023 - 2028)

Automotive HMI Market Overview

The Automotive HMI Market is estimated to surpass $1.7 billion mark by 2027 growing at an estimated CAGR of more than 7.5% during the forecast period 2022 to 2027 on account of increasing demand of control panels and connected devices in the automotive sector. The market growth is being propelled by rising demand from IoT devices and heads up displays in Commercial vehicles. Human-machine interface (HMI) is a software component of certain devices which are designed to handle human-machine interactions. This interface is a combination of software such as artificial intelligence and hardware which takes inputs from the users and translates the inputs as signals for machines that, in turn provide the required result to the user. This human-machine interface technology is used in wide range of applications in autonomous/self-driving vehicles, electric vehicles is expected to be driven by increasing trends of automotive IoT and PLC applications.

Automotive HMI Market Report Coverage

The report: “Automotive HMI Market– Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Automotive HMI Market.

By Product: Interface Software, Display Terminals (Resistive, Capacitive, Near Field Imaging, Infrared and Dispersive Signal Touchscreens), Industrial PCs (Input/Output Devices, Storage Devices, Processors and Others) and Others
By Touch Screen Type: Resistive, Capacitive, SAW, Infrared and Others
By Screen Size: Less than 3.5 inches, 3.6 to 8 inches, 8.1 to 12 inches, 12.1 to 15 inches, 15.1 inches and Above
By Applications: Passenger Vehicles, LCV, HCV
By Geography - North America (U.S, Canada, Mexico), South America (Brazil, Argentina and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa).

Key Takeaways

• The surge in demand of multi-touch screen technology for advanced applications in automotive industry such as IoT, Telematics and Control technology is set to drive the demand and growth for the Automotive HMI Market during the forecast period.
• The concept of integrating HMI with mobile and wireless devices for better connectivity to fuel the global Automotive HMI Market demand.
• The price of the advanced software for data visualization and interpretation could pose a threat to the adaptation of the HMI devices. However, the functions performed by these HMIs and the ability of these devices to cut short time and to bring down the operating expenses will certainly overpower the constraints and challenges for the Automotive HMI Market. 

Automotive HMI Market Segment Analysis - By Product

The market for HMIs are all set to propel into the automotive sector with a broad range of applications. The use of digital signage, interactive IoT, Telematics and automation systems is perceived to propel in the coming years on the back of the initiatives towards a digitized world, closely following the growth of Automotive IoT and Smart cars concept. The market is also backed by the accelerating demand of touch screen panels in both passenger vehicles and commercial vehicles for driver assistance applications. Companies need technological solutions that simplify the interaction between men and machines to increase productivity and cut resources and time waste. One of the key factors to improve efficiency is device flexibility. Hence, it’s important that HMIs will be highly customizable according to each company’s needs.

Automotive HMI Market Segment Analysis - By Touch Screen Types

The Automotive sector is significantly driven by newer touch screen types such as SAW which is set to grow at 9.9% CAGR through 2027. However these automotive markets typically adopt capacitive and resistive HMI solutions. The market is also backed by the accelerating demand of touch screen panels in both passenger vehicles and commercial vehicles for driver assistance applications where SAW HMI are witnessing increased adoption. The price of the advanced software for data visualization and interpretation could pose a threat to the adaptation of the touch screen HMI devices. However, the functions performed by these HMIs and the ability of these devices to cut short time and to bring down the operating expenses will certainly overpower the constraints and challenges for the touch screen HMI market.

Automotive HMI Market Segment Analysis - By Geography

The Asia Pacific market for the HMIs is forecast to witness high rate of adaptation compared to other regions at 9.2% CAGR through 2027. The presence of a large number of developing markets in the APAC is one of the key factors driving the growth of the Automotive HMI Market. China, India and South-East Asian countries are speculated to make huge investments in the automation sector by 2022 to equip their vehicles with automated solutions to meet with growing autonomous and smart vehicle demands Japan being one of the technologically advanced nations is a significant market for HMIs and is currently using these devices across all sorts of vehicles at a higher scale. Australia and New Zealand are the mature markets but the HMI shipments are projected to surge as the countries are shifting towards more automated and advanced automotive solutions.

Automotive HMI Market Drivers

Rising Wearable and Portable HMI

The human-machine interface of the future will get even more interactive. The growing popularity of wearable devices in the consumer market which are exhibiting a growth of over 16% will also be reflected in the Automotive sector. This is also due to the government regulations driving connected vehicles which mention arable devices among the technologies subject to hyper-depreciation. The incorporation of IoT in the automotive sector has played a crucial role in the field of fleet management. Vehicles are integrated with several sensors, tracking software, and weight measurement. Fleet operators can easily analyze the data collected from sensors and manage the fleet. Owing to the benefits such as real-time monitoring of the fleet, route management, time & driver management, weight tracking of cargo and optimization of fuel consumption, Large and medium-sized fleet owners are increasingly using fleet management solutions to streamline operations.

Rise in demand for connected vehicles

Increasing demand for connected vehicles is one of the factors that can drive the market forward during the forecast period 2022-2027. According to IDC 90% of vehicles will have embedded connectivity by 2023. The factors such as government initiatives for developing smart transportation systems; rise in demand for smart features in vehicles and automated driving technologies with advanced safety features will boost the demand for connected vehicles. Connected vehicles are equipped with several sensors and processors to provide accurate and real-time information of vehicles to drivers. Connected vehicle technology improves driving and ownership experience as well as adds a safety net with its advanced security features. In April 2020, Hyundai Motor India Ltd launched Hyundai Venue, the first smart connected SUV with an advanced connectivity solution - Hyundai BlueLink. The BlueLink connected technology offers safety features like vehicle theft tracking, road side assistance, vehicle navigation control and immobilization for recovery of stolen vehicles. Such developments can influence the growth of Automotive HMI market in the long run.

Automotive HMI Market Challenges

High Cost and security issues

High cost acts as a major challenge restraining the market growth of Automotive HMI and end products, especially IoT. The cost of vehicle parts, software, and sensors in Automotive IoT is quite expensive. Apart from the high cost of equipment, huge sum of money is invested in the research and development of autonomous cars for continuous updating. Moreover, autonomous cars are successfully programmed but chances of unexpected technical glitches may happen due to continuous renovation. Furthermore, with the growing adoption of connected cars, security has become a prime concern. Autonomous vehicles are more prone to hacking as they are continuously monitored and tracked which leads to the possible collection of personal data. Owing to the above-mentioned factors, demand for Automotive HMI will be significantly impacted, thus hampering its market growth. 

Automotive HMI Industry Outlook

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Automotive HMI Market.

1. Delphi
2. Continental
3. Robert Bosch
4. Valeo
5. Synaptics
6. Clarion
7. Visteon
8. Magneti Marelli
9. Intellias
10. Infineon

 Recent Developments

• In August 2021, General Motors and AT&T collaborated to bring 5G cellular connectivity to millions of GM vehicles over the next decade in US. GM and AT&T are joining hands to set the standard for automotive connectivity with a fifth-generation cellular network to meet the demand of electric and autonomous cars.

• In January 2021, NXP Semiconductor announced BlueBox 3.0, the latest and expanded version of Automotive High Performance Compute (AHPC) development platform. BlueBox 3.0 provides a flexible way to address user-defined vehicles, safety Level 2+ (L2+) automated driving, and the evolving vehicle architectures that will modernize connected vehicle.

Relevant Report Titles:

Block-chain in Automotive Market- Forecast Period 2021-2026

Report Code: ITR 0166

IOT in Manufacturing Market- Forecast Period 2020-2025

Report Code: ITR 37031

For more Automotive Market reports, please click here