The size of automotive human machine interface market was registered at USD 11 billion in the year 2017 and is anticipated to cross USD 27 billion by 2024. Between the period 2018-2024, the market is expected to register a CAGR of 12%.
Number of infotainment features has multiplied in last few years driven by advancements in consumer electronics and other interrelated technologies. In addition, fast-track penetration of smartphones & cloud-based platforms have further supported automotive HMI market growth by facilitating seamless transmission of information.
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Substantial investment towards developing advanced in-car infotainment solutions and increasing adoption of contemporary technologies such as Artificial Intelligence (AI) are likely to further intensify automotive human machine interface market trends.
Identifying the exponentially increasing demand for potential human machine interface to meet the needs of the advanced automotive designs, several companies operating in this business sphere are going the whole hog to bring in product innovation, and expanding their production capabilities to meet the robust demand. Recently for instance, Altia made an announcement of its HMI code generation supports for the newly launched Renesas R-Car E3 system-on-chip (SoC).
The integration of Altia’s code generation software and R-Car E3 SoC will be available for all the global automotive OEM production programs. If reports are to be believed, the combination of Altia and Renesas will offer the customers the opportunity to build the latest and desirable HMI innovations into advanced embedded displays tailored for latest Renesas hardware technology.
With such next-generation technologies, it comes as no surprise that the HMI platform in the automotive human machine interface market automotive industry is gaining phenomenal traction as it is enabling vehicle-to-vehicle communication, while aiding the manufactures in providing wide array of services such as on-board media streaming, personal assistant, and predictive maintenance services. The global automotive human machine interface market is further expected to garner hefty proceeds, given the increasing interest of automakers in integrating their models with safer, more attractive, and entertaining features. It has been witnessed that the core industry players are in fact gearing up their production capabilities as the demand for smart navigation, self-driving features, and telematics technologies are further taking the automotive production by storm.
Speaking beyond the conventional vehicular systems, the increasing popularity of autonomous vehicles will have a notable influence on the trends over the years ahead. Focusing on the shifting trends toward the growing adoption of autonomous vehicles across the globe, companies involved in the development of human-machine interfaces have been developing innovative software packages.
For instance, a few days before, leading supplier of advanced semiconductor solutions, Renesas Electronics Corporation has introduced a new microprocessor unit to accelerate and simplify the development of modernized HMI and camera-based applications. The newly developed software interface can be used for operating video surveillance systems, fingerprint access control, information communication technology applications that have been deployed in automobiles.
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Some Point from Table of Contents:
Chapter 7. Automotive Human Machine Interface 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
Chapter 8. Automotive Human Machine Interface Market, By Access Type
8.1. Key trends, by access type
8.2. Standard interface
8.2.1. Standard interface market estimates and forecast, 2013-2024
8.3. Multimodal interface
8.3.1. Multimodal interface market estimates and forecast, 2013-2024
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