Automotive Human-Machine Interface Market Poised To Expand At a Robust Pace Over 2031 December 14, 2021
Automotive Human-Machine Interface (HMI) Market
Transparency Market Research has published a new report on the global Man-
machine interface (MMI) Market for the forecast period of 2019–2027. According to the report, the global automotive human-machine interface market is projected to reach ~ US$ 27 Bn by 2027, expanding at a CAGR of ~7% during the forecast period.
Prominent players operating in the global automotive human-machine interface market include:
Alpine, Altran, Clarion, Continental AG, Denso Corporation, EAO, Harman International, Luxoft, Magneti Marelli, Nuance, Panasonic, Robert Bosch GmbH, Socionext, Tata ELXSI, Valeo Visteon, and Yazaki.
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Global Automotive HMI Market: Key Insights
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According to the report, penetration of the automotive HMIs is rising consistently, led by the arrival of new technologies and the adoption of smart features such as speech and face recognition.
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The infotainment systems segment accounted for a significant share of the global automotive human-machine interface market, owing to the high penetration of infotainment systems in vehicles. However, the integration of various modes of interfaces is rising in all systems, which, in turn, is propelling the automotive HMI market.
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Asia Pacific held a notable share of the global automotive human-machine interface market in 2018. The Asia Pacific automotive human-machine interface market is estimated to expand significantly during the forecast period, at a CAGR of ~7% during the forecast period.