North America Automotive HMI Market is Projected to Hold 20% industry Share By 2024

North America automotive HMI market is likely to procure a market share of more than 20% by 2024. North America region has witnessed noteworthy proliferation of connected and autonomous cars in recent years, which is favoring automotive HMI industry trends in the region. Given the affinity of regional automakers towards latest technologies, OEMs are incorporating next-gen technologies to improve infotainment & communication experiences in vehicle. Moreover, vendors in the automotive HMI space are focused on introducing new technology enabled platforms and are investing heavily on the same.

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Global automotive HMI market is growing on the back of towering consumer demand for latest vehicle infotainment systems and automotive manufacturers focusing on technology improvement. Exponentially augmenting demand for luxury cars, improved safety, and rising emphasis on driver comfort are further propelling automotive human machine interface market trends.

One of the most pivotal driving forces of automotive HMI market is the emergence of smartphones, artificial intelligence, IoT (Internet of Things), and machine learning technologies that have substantially encouraged automakers to carry out product development activities for transforming the existing infotainment system of the vehicle.

Validating the aforementioned fact, recently, the American automotive electronics supplier Visteon Corporation developed a next-generation cockpit controller, SmartCore that has been deployed in Daimler’s upcoming Mercedes-Benz A-Class vehicles. These will be the world’s first vehicles integrated with intelligent cockpit controllers with multiple central processing units. The deployment of such features in the interior design enhances a vehicle’s infotainment display and instrument cluster. Moreover, it also helps drivers personalize their experience by simply operating touchscreen and touchpad on the steering wheel.

Head-up Display (HUDs) systems have attained remarkable traction in automotive HMI space as these systems help to reduce driver distraction by displaying navigation information and warning signals directly in the driver's line of sight. HUD systems are finding widespread deployment across passenger as well as commercial vehicles. As per estimates, HUD segment is likely to exhibit the fastest CAGR of 21% over 2018-2024.

Increasing awareness among the regulators and regional governments about the surging need for vehicle security and safety has been driving the requirement of the instrument clusters and digital infotainment systems. The policymakers claim that the implementation of a human-machine interface will help the driver collect accurate information about the surrounding environment. In order to comply with the stringent regulatory compliances, most of the automakers, technology companies, manufacturers, and designers have been striving to innovate advanced solutions for passenger vehicles and connected cars. Indeed, passenger vehicles are expected to account for nearly 80% share of automotive HMI market by the end of 2024.

Automotive OEMs are emphasizing on increasing the safety and comfort quotient in passenger cars, which is fueling automotive human machine interface market trends. Due to increased consumer demand for premium cars equipped with high-end multi-media devices, OEMs are progressively incorporating HMI systems within passenger cars. Automotive HMI market share from passenger car will procure almost 75% of global share by 2024.

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Some Point from Table of Contents:

Chapter 6.   Automotive HMI Market, By Interface Type

6.1.  Key trends, by interface type

6.2.  Visual

6.2.1. Visual interface market estimates and forecast, 2013-2024

6.3.  Acoustic

6.3.1. Acoustic interface market estimates and forecast, 2013-2024

6.4.  Mechanical

6.4.1. Mechanical interface market estimates and forecast, 2013-2024

Chapter 7.   Automotive HMI Market, By Vehicle Type

7.1.  Key trends, by vehicle type

7.2.  Passenger vehicle

7.2.1. Passenger vehicle market estimates and forecast, 2013-2024

7.2.2. Passenger vehicle market estimates and forecast, by product, 2013-2024

7.3.  Commercial vehicle

7.3.1. Commercial vehicle market estimates and forecast, 2013-2024

7.3.2. Commercial vehicle market estimates and forecast, by product, 2013-2024

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