Human Machine Interface Solutions Market Revenue, Growth Factors, Trends, Key Companies, Forecast To 2028

The Global Automotive Human Machine Interface (HMI) market was valued at USD 25.65 Billion in 2020 and is projected to grow at a CAGR of 7.9% to reach USD 47.71 Billion by 2028.

The Global Human Machine Interface Solutions Market was valued at USD 25.65 Billion in 2020 and is anticipated to achieve a CAGR of 7.9% to reach USD 47.71 Billion by 2028. The primary drivers of growth in the Human Machine Interface Solutions market are the increasing demand for connected vehicles from customers worldwide and the rising adoption of Human Machine Interface Solutions by various OEMs. Additionally, the demand for enhanced user experience and convenience features from customers globally is contributing to the growth of the market. Nevertheless, the high cost of the equipment of the HMI components used in the automobile is one of the factors that could restrain the growth of the market, along with the lingering threat of a cyber-attack in the Automotive HMI components.

Human Machine Interface refers to the various systems that allow drivers to interact with their vehicles, including multimodal HMI solutions. Automotive HMI is crucial in achieving the features of autonomous driving, and as a result, new age automotive HMI solutions will be needed that are more sophisticated to meet the rising demand for safe driving and personalized in-vehicle digital systems.

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The report covers a region and country-wise assessment from 2018-2028, demand and supply analysis, and market share analysis of key industry players, among others. The Global Automotive Human Machine Interface market is expected to grow at a rate of 7.9% CAGR to reach a valuation of USD 47.71 Billion by 2028, primarily driven by the rising demand for technologically advanced vehicles. Additionally, companies like Apple and Google are getting involved in the market with their offerings like Apple car-play and Android auto. Furthermore, manufacturers are incorporating smart surfaces with integrated HMI, including different materials like aluminum, carbon, plastic, wood, and sheet metal, and different displays like OLED and heads up displays (HUD) with curved screens. As the demand for autonomous vehicles rises, the demand for steering mounted HMI solutions is forecasted to grow through 2028.

Key companies profiled in the report include:  

Continental AG (Germany), Luxoft Holding, Inc. (Switzerland), Aptiv PLC (Ireland), Synaptics Inc. (U.S.) Viseton Corp. (U.S.), Valeo S.A. (France), Harman International (U.S.), Clarion Co. Ltd. (Japan), Magneti Marelli SPA (Italy), Alpine Electronics Inc. (Japan), Altran Technologies (France), Voicebox Technologies (U.S.).

Technology (Revenue, USD Million; 2018–2028)

  • Visual Interface
  • Acoustic Interface

Product (Revenue, USD Million; 2018–2028)

  • Voice Control Systems
  • Central Displays
  • Instrument Clusters
  • Steering Mounted Controls
  • Heads up Displays
  • Rear Seat Entertainment Displays
  • Multifunction Switches
  • Others

Access Type (Revenue, USD Million; 2018–2028)

  • Standard System
  • Multimodal System

Components (Revenue, USD Million; 2018–2028)

  • Indicators
  • Switches
  • Sensors
  • Camera
  • Displays
  • Controllers
  • MCU
  • Others

Functions (Revenue, USD Million; 2018–2028)

  • Display Projection
  • Haptic enabled control
  • Infotainment
  • Gesture Control
  • Driver monitoring
  • Others

Based on Region market is segmented into:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East Africa

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