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The passenger vehicles are expected to account for nearly 80% share of automotive human machine interface market by the end of 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.
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Automotive human-machine interface market has lately emerged as one of the massive revenue generating spheres in the automotive sector with the shifting trends toward the adoption of smart vehicles. Traditionally, pertaining to the lack of advanced infotainment and digitalized internal car design, drivers had been unable to operate the vehicle efficiently. However, with the advent of new technology trends, the overall design structure of automobiles has changed considerably, paving the way for integrated human-machine interface in vehicles.
Speaking beyond the conventional vehicular systems, the increasing popularity of autonomous vehicles will have a notable influence on the automotive human machine interface market 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. The growing popularity of HMI for managing vehicular systems in a highly sophisticated way is poised to stimulate the future product demand.
As of now, motorcycle manufacturers have also been integrating HMI technology in the vehicle for improving performance, driving experience, and safety. Few weeks before, the British electric motorbike manufacturer had launched a fully electric motorcycle with human-machine interface. The evolution of e-bikes for promoting high performance and energy security is poised to have a considerable impact on the demand for HMI. In addition, considering the future energy benefits and depleting fossil fuel resources, most of the regional governments have been implementing a supportive regulatory framework to enhance the deployment of e-vehicles that also will fuel the product demand.
The surging use of digital technology in vehicles for achieving better performance and sustainability will transform the future of the automotive industry. The extensive utilization of software for enabling numerous operational packages comprising functional safety, cybersecurity, and infotainment system will also stimulate industry trends. For the record, by the of 2024, automotive human machine interface market will surpass a revenue collection of USD 27 billion.
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Some Point from Table of Contents:
Chapter 6. Automotive Human Machine Interface 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 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
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