The global automotive HMI (Human Machine Interface) market is projected to reach $28.4 billion by 2026, at a CAGR of 10.5% during 2021-2026. The growth of automotive HMI (Human Machine Interface) market is driven by increasing consumer demand for in-vehicle safety features, OEM efforts to lead in the adoption of connected and autonomous vehicles, and strong recovery in automotive production.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the automotive HMI (Human Machine Interface) market by product (central display, voice control system, and steering mounted control, instrument cluster, head-up display (HUD), rear seat entertainment (RSE), and multifunction switch), end use (passenger cars, light commercial vehicles, and electric vehicles), technology (visual interface, acoustic Interface, and others), access type (standard HMI, and multimodal HMI), function type (primary HMI, and secondary HMI?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the automotive HMI (Human Machine Interface) market?
Q.4 What are some changing demands of customers in the automotive HMI (Human Machine Interface) market?
Q.5 What are the new developments in the automotive HMI (Human Machine Interface) market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this automotive HMI (Human Machine Interface) area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this automotive HMI (Human Machine Interface) market?
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Market Segmentation:
Based on product, the automotive HMI (Human Machine Interface) market is segmented into central display, voice control system, and steering mounted control, instrument cluster, head-up display (HUD), rear seat entertainment (RSE), and multifunction switch. The central display segment is accounted for the largest share of the market in 2020 due to continuous innovation in display technologies, followed by reduced cost of automotive displays.
Asia Pacific is expected to be the largest region and it is also expected to witness the highest growth over the forecast period.
Key Players in the automotive HMI (Human Machine Interface) market are Continental AG, Visteon Corporation, Robert Bosch, and Valeo.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
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