Automotive HMI Market: North America Region is Expected to Hold 20% industry Share By 2024
Category: #business  By Ronak Bora  Date: 2021-11-10
  • share
  • Twitter
  • Facebook
  • LinkedIn
Automotive HMI Market: North America Region is Expected 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.

Get sample copy of this research report @    https://www.decresearch.com/request-sample/detail/1370

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.

Get this report Customized to your requirements @    https://www.decresearch.com/roc/1370

Some Point from Table of Contents:

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

Chapter 8.   Automotive HMI 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

Browse complete Table of Contents (ToC) of this research report @

https://www.decresearch.com/toc/detail/automotive-hmi-market

 

 

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

Read More >>

More News By Ronak Bora

Electrical Conduit Market Statistics, Regional Growth & Forecast To 2024
Electrical Conduit Market Statistics, Regional Growth & Forecast To 2024
By Ronak Bora

Global electrical conduit market is poised to witness appreciable growth in the coming years owing to increasing efforts towards containing electric supply faults, health hazards, fire, and other operational breakdown. Electrical wiring is directly ...

GCC Natural Gas Market Outlook 2024 By Industry Players
GCC Natural Gas Market Outlook 2024 By Industry Players
By Ronak Bora

GCC natural gas market has been a recipient of the concerns related to energy security and climatic changes due to increasing fossil fuel consumption. In a bid to strengthen the regional sustainable energy scenario, GCC countries including Kuwait, UA...

Europe Residential Boiler Market | Opportunities, Key Trends & Growth Analysis To 2024
Europe Residential Boiler Market | Opportunities, Key Trends & Growth Analysis To 2024
By Ronak Bora

The shifting focus of European countries toward energy efficiency is certain to act as a driving force for Europe residential boiler industry. The increasing awareness about the adverse effects of fossil fuel consumption for energy generation has bee...