The Automotive Human-Machine Interfaces Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automotive Human-Machine Interfaces Global Market Report 2024, The automotive human-machine interfaces market size has grown rapidly in recent years. It will grow from $20.8 billion in 2023 to $23.34 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to advancements in infotainment systems, consumer demand for smart features, safety regulations, user experience enhancement, rise of hybrid vehicles, autonomous driving development.
The automotive human-machine interfaces market size is expected to see rapid growth in the next few years. It will grow to $36.29 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to energy-efficient vehicles, environmental sustainability focus, continuous evolution of smart cities, regulatory compliance and safety standards, ergonomics and design aesthetics. Major trends in the forecast period include touchscreen displays and gesture recognition, voice-activated controls and natural language processing, personalization and user profiles, connected car features and cloud-based services, haptic feedback and tactile controls, focus on driver monitoring systems (dms), artificial intelligence (ai) integration..
The increasing trend toward connected and autonomous vehicles is driving the automotive human-machine interface market. An autonomous vehicle is capable of operating on its own without the assistance of a human driver, and a connected car has wireless network connectivity capabilities to connect to adjacent devices. The automotive human-machine interface systems are widely used in these vehicles to provide users with a more interactive and efficient experience. For instance, according to TechCrunch, a US-based online newspaper focusing on high tech and startup companies, in 2022, there were over 1,400 self-driving cars in the US which are being tested by over 80 companies. Furthermore, according to Policy Advice, a US-based website devoted to helping everyday people make, save, and grow money, in the next two decades, 55% of small enterprises anticipate having a fully autonomous fleet. Therefore, the rise in autonomous and connected vehicles will propel the automotive human-machine interface market.
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The automotive human-machine interfaces market covered in this report is segmented –
1) By Product: Central Display, Voice Control System, Steering Mounted Control, Instrument Cluster, Head-Up Display, Rear Seat Entertainment, Multifunction Switch
2) By Technology: Visual Interface, Acoustic Interface, Other Technologies
3) By Access: Standard HMI, Multimodal HMI
4) By Function type: Primary, Secondary
5) By End User: Passenger Vehicle, Commercial Vehicle
Technological innovations have emerged as the key trend in the automotive human-machine interface market. Major companies operating in the automotive human-machine interface sector focus on developing new product innovations to meet customer demand. For instance, in June 2022, ArkX Laboratories, a US-based provider of advanced far-field voice capture and speech recognition technology, launched EveryWord Voice Control, featuring the Sensory TrulyHandsfree SDK technology suite. These additional capabilities allow OEMs to develop unique wake words, small to medium command sets (21 dialects), and speaker verification models for a genuinely branded voice experience. EveryWord ultra-far-field voice technologies enable enhanced, superior human-to-machine speech recognition that outperforms other existing OEM solutions. Furthermore, EveryWord technology offers the exceptional capability to recognize and block speech or noise coming from other single-point sources. This solution can be used in various applications, including automotive.
The automotive human-machine interfaces market report table of contents includes:
1. Executive Summary
2. Automotive Human-Machine Interfaces Market Characteristics
3. Automotive Human-Machine Interfaces Market Trends And Strategies
4. Automotive Human-Machine Interfaces Market – Macro Economic Scenario
5. Global Automotive Human-Machine Interfaces Market Size and Growth
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31. Global Automotive Human-Machine Interfaces Market Competitive Benchmarking
32. Global Automotive Human-Machine Interfaces Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Automotive Human-Machine Interfaces Market
34. Automotive Human-Machine Interfaces Market Future Outlook and Potential Analysis
35. Appendix
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