The Automotive human machine interface market is set to grow from its current market value of more than USD 11 billion to over USD 27 billion. With the global automotive industry surfing along the wave of autonomous and self-driving cars, the commercialization potential of automotive HMI market has scaled several notches up over the past few decades. The global automotive HMI industry valuation of over USD 11 billion in 2017 is a vivid data bearing testimony to the robust growth of this business sphere in the recent years.

Reports claim that the rapid proliferation and integration of advanced technologies such as virtual reality (VR), Internet of Things, Cloud-based software, and Machine Learning with automotive hardware has lead the way to the deployment of massive automotive HMI, in turn enabling the smooth interaction between the driver and the vehicle.

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automotive human machine interface market form HUD segment is likely to exhibit the fastest CAGR of 21% by 2024. 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.

Denso’s massive investment in elevating JOLED’s mass production of in-vehicle OLED displays – is an apt instance bearing substantiation to the aforesaid. The in-vehicle OLED displays, for the record are used for HMI in automobile cockpits to deliver important information to drive swiftly & accurately. Reports reveal that JOLED’s OLED displays offer HD images & more clear colors in comparison with the conventional HMIs that usually uses the thin-film transistor liquid crystal displays.

With the global automotive industry surfing along the wave of autonomous and self-driving cars, the commercialization potential of automotive HMI industry has scaled several notches up over the past few decades. The global automotive human machine interface market valuation of over USD 11 billion in 2017 is a vivid data bearing testimony to the robust growth of this business sphere in the recent years. Reports claim that the rapid proliferation and integration of advanced technologies such as virtual reality (VR), Internet of Things, Cloud-based software, and Machine Learning with automotive hardware has lead the way to the deployment of massive automotive HMI, in turn enabling the smooth interaction between the driver and the vehicle.

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.

Such product innovation and capacity expansion trends promise to be one of the most prominent drivers impelling the commercialization potential of global automotive human machine interface market. further throws light on the growth graph of automotive human machine interface industry and further forecasts the global valuation to surpass USD 27 billion by 2024, with an estimated CAGR of 12% by 2024. The report also highlights that, in terms of vehicles, passenger vehicle segment will be the most lucrative investment ground as it is estimated to account for 80% of the global automotive HMI industry share by 2024.

The rapid demand for major luxury and passenger cars such as BMW, Audi, Volkswagen, and Porsche especially in North America, Asia Pacific, & Middle East regions, the business landscape of automotive HMI industry is sure to tread along a profitable roadmap in the ensuing years. Given that the expanse of this sphere spans numerous geographies & mammoth participations of industry players, the automotive human machine interface market will emerge as a lucrative business space for potential investors in the ensuing years.

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Data Tables 

TABLE 1    Automotive human machine interface market 360º synopsis, 2013 - 2024 

TABLE 2    Automotive HMI industry estimates and forecast by region, 2013 - 2017 (USD Million)

TABLE 3    Automotive HMI market estimates and forecast by region, 2018 - 2024 (USD Million)

TABLE 4    Automotive human machine interface market estimates and forecast by product, 2013 - 2017 (USD Million)

TABLE 5    Automotive HMI industry estimates and forecast by product, 2018 - 2024 (USD Million)

TABLE 6    Automotive HMI market estimates and forecast by interface type, 2013 - 2017 (USD Million)

TABLE 7    Automotive HMI industry estimates and forecast by interface type, 2018 - 2024 (USD Million)

TABLE 8    Automotive HMI market estimates and forecast by vehicle type, 2013 - 2017 (USD Million)

TABLE 9    Automotive HMI market estimates and forecast by vehicle type, 2018 - 2024 (USD Million)

TABLE 10    Automotive HMI market estimates and forecast by access type, 2013 - 2017 (USD Million)

TABLE 11    Automotive human machine interface market estimates and forecast by access type, 2018 - 2024 (USD Million)

TABLE 12    Industry impact forces

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