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I AgreeAnalysis of Automotive Human Interface System Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global automotive human interface system market stands at US$ 28.1 billion in 2023 and is extrapolated to reach US$ 66.5 billion by the end of 2033. Global demand for automotive human interface systems is forecasted to increase at a stellar CAGR of 9% over the next ten years.
The proliferation of technology in human life has increased exponentially in the past few years and this trend has also affected the automotive industry as automotive manufacturers are deploying several advanced technologies in vehicles to make them safer and more efficient. The evolution of technology has influentially changed the way infotainment systems are used in vehicles.
From radios and CD players, automotive infotainment has now evolved into smart devices capable of performing several functions that we could not have imagined a couple of decades ago. Automotive infotainment systems are used for communication, navigation, and entertainment, which makes them a huge part of automotive-human interaction systems.
The advent of autonomous and connected vehicles around the world is projected to bolster demand for automotive human interface systems across the forecast period and is slated to remain a key market driver through 2033. Increasing focus on driver safety, implementation of stringent road safety norms, adoption of advanced driver assistance systems by prime automotive companies, and advancements in technology are other factors that could propel market development over the next ten years.
Contrastingly, high costs associated with the installation of advanced human interface systems and cybersecurity concerns associated with these connected interface systems are anticipated to restrict sales of automotive human interface systems in the long run. High power consumption and the increased production time of vehicles due to installation of the human-machine interface (HMI) systems are some challenges that automotive human interface system manufacturers should overcome to grow at their full potential.
Report Attributes |
Details |
Automotive Human Interface System Market Size (2023) |
US$ 28.1 Billion |
Projected Market Value (2033F) |
US$ 66.5 Billion |
Global Market Growth Rate (2023 to 2033) |
9% CAGR |
Luxury/Sports Segment Market Value (2022) |
US$ 8 Billion |
Aftermarket Segment Market Value (2022) |
US$ 18 Billion |
Key Companies Profiled |
|
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“New Companies Focusing on Development of Advanced Human Interface Solutions”
New automotive human interface system suppliers are investing in the research and development of novel technologies that optimize the interaction of drivers with automobiles and create a more luxurious and safe driving experience.
Incoming automotive human interface system companies are also focusing on collaborations, partnerships, and mergers to expand their business scope and increase their market share in the global landscape.
More new developments by start-ups and their impact on supply chain management, pricing trends, and safety regulations have been revealed in this latest automotive human interface system market research analysis by Fact.MR, a market research and competitive intelligence provider.
“Rising Demand for Luxury Vehicles”
Japan and technology have been synonymous ever since the first consumer electronics came out and this is a prime factor that creates an opportunistic setting for automotive human interface system manufacturers in the country.
The presence of key car manufacturers such as Nissan and Toyota and rising per capita disposable income are influential factors that are projected to augment sales of automotive human interface systems in Japan across the forecast period. Changing consumer preferences and high demand for luxury cars with advanced infotainment and technologies are also anticipated to promulgate demand for novel HMI systems through 2033.
“Presence of Prominent Automotive Manufacturers in the Region”
European car manufacturers have established their name in the world as the finest automotive makers and this is what makes this regional market the most rewarding one for established as well as upcoming automotive human interface system vendors. The rising number of high net-worth individuals and the growing popularity of electric vehicles (EVs) in European countries are estimated to primarily bolster shipments of automotive human interface systems over the next ten years.
Germany is extrapolated to be the leading market in Europe throughout the forecast period owing to the presence of key vehicle makers such as BMW, Audi, Volkswagen, etc. Increasing focus on driver safety, strict government mandates to deploy advanced driver assistance and safety systems, and growing focus on sustainability are other prospects that could potentially alter market growth in European countries such as the United Kingdom, France, Italy, and Germany going forward.
“Increasing Fleet of Connected and Autonomous Vehicles Driving Business Potential”
The United States has been known for the rapid adoption of advanced technologies in almost all industry verticals and this is true for the adoption of human-machine interface systems in automotive applications as well. High demand for European cars, growing sales of luxury vehicles, implementation of stringent vehicle safety standards, and growing installation of HMI systems in vehicles are some key factors that are predicted to uplift automotive human interface system sales in the United States over the coming years.
Increasing focus on reducing the carbon footprint and the growing popularity of EVs in the United States is also projected to favor market growth in the future. Growing sales of EVs and hydrogen-powered vehicles in the United States is a testament to how the automotive industry in the country is heading toward a new revolution that could create new opportunities for incoming automotive human interface system manufacturers going forward.
To gain a better understanding of how trends in the automotive sector of the United States are evolving we could take the case of Toyota Mirai. Toyota, a Japanese vehicle manufacturer launched the hydrogen-powered Mirai at the end of the year 2015.
The first year of production witnessed a sale of mere 782 units in the United States, but they have been steadily increasing and amounted to nearly 2,629 units being sold in 2021. The vehicle not only features a unique power source but also an updated human-machine interface that provides the driver with a unique interactive experience.
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“Central Displays & Heads-Up Displays to Account for Commanding Market Share”
Based on type, the market for automotive human interface systems is segmented into voice controls, central displays, steering-mounted controls, instrument clusters, heads-up displays (HUDs), rear-seat entertainment (RSE), and multifunction switches.
Cumulatively, central displays and heads-up displays account for more than half of the global market share at present and are estimated to maintain a similar stance throughout the forecast period. Increasing use of advanced display technologies, electrification of vehicles, and advancements in display technologies are anticipated to promote sales of HUDs and central displays in the future. Instrument clusters are also forecasted to account for a significant market share but are anticipated to witness a drop in market share as the popularity and adoption of heads-up displays increase around the world.
Top-tier automotive human interface system manufacturers are focusing on developing and launching novel interface solutions that stand out from countless HMI systems available in the global marketplace.
Key automotive human interface system vendors are also focusing on mergers, acquisitions, and collaborations to hasten the development and launch of advanced automotive human interface systems for connected and autonomous vehicle fleets.
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Worldwide automotive human interface system demand stands at a market value of US$ 28.1 billion.
The global automotive human interface system market is expected to reach US$ 66.5 billion by 2033-end.
Automotive human interface system shipments are predicted to increase at a prolific 9% CAGR through 2033.
Expanding fleet of autonomous and connected vehicles and rising demand for luxury cars are key market drivers.
Denso, Visteon Corp., Nippon Seiki, and Valeo S.A. are leading automotive human interface system suppliers.