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Automotive HMI Market to Reach $29,582.8 Million by 2023: P&S Market Research

/EIN News/ -- NEW YORK, Feb. 19, 2018 (GLOBE NEWSWIRE) -- According to the report published by P&S Market Research, Global automotive HMI market is projected to attain a size of $29,582.8 million by 2023, registering a CAGR of 13.8% during 2018-2023. The increased demand for automotive HMI is mainly led by rising in-vehicle connectivity, increasing sales of premium cars, and growing demand for enhanced safety features.

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On the basis of access, the automotive HMI market is categorized into multimodal HMI and standard HMI. Standard HMI access has been accounting for a larger revenue share in the global market till now. During the forecast period, multimodal HMI is expected to witness faster growth, due to increasing demand for premium and comfort features in passenger cars. Automakers and OEMs are progressively deploying complex multimodal HMIs due to the various benefits offered by it.

On the basis of product, the global automotive HMI market is categorized into instrument clusters, touch screen display, head-up displays (HUD), steering mounted controls, rear seat entertainment (RSE) units, and multifunction switches. Among these, touch screen display has been contributing the maximum revenue to the global market till now. However, the fastest growth in revenue during the forecast period is expected from the HUD category, due to its increasing adoption in premium cars.

Browse 181 pages report with 130 tables, 68 figures and detailed TOC onAutomotive HMI Market” at:

Asia-Pacific has been contributing the highest revenue in the automotive HMI market, followed by Europe and North America. Continuous infrastructural developments coupled with industrial development activities in emerging economies have opened new avenues, creating several opportunities in the region for automotive OEMs. Due to increasing living standards and growing passenger car penetration, India is expected to be the fastest growing market in the region during the forecast period.

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In the automotive HMI market, a single vendor does not necessarily offer all product categories. Many vendors collaborate with each other for software and hardware components to form the end product. Moreover, the markets for HMI products such as steering mounted controls and touch screen display are highly fragmented due to the presence of number of regional and international players.

Some of the major players in the global automotive HMI industry are Panasonic Corporation, Robert Bosch GmbH, Delphi Automotive PLC, DENSO Corporation, Continental AG, Texas Instruments Inc., Visteon Corporation, Alpine Electronics Inc., EAO AG, and Yazaki Corporation.

More Reports by P&S Market Research:

Adaptive Cruise Control (ACC) Market

As per the research, the global adaptive cruise control market high is likely to grow from $4,767.0 million in 2016 to $15,290.0 million by 2023. The rapidly growing automotive industry especially in emerging economies of India, China, Brazil is generating significant demand for vehicle fitted with adaptive cruise control. Increasing number of road accidents and awareness to safety systems is also driving the market.  Vehicle safety regulations and initiatives by various associations and trade unions are backing the increasing installations of adaptive cruise control (ACC) systems in vehicles. Governments and associations across the globe have been increasingly formulating multi-dimensional policies toward vehicle and passenger safety, increasing fuel efficiency and improving overall performance of the vehicle.

Advanced Driver Assistance Systems (ADAS) Market

The global ADAS market is being driven due to several factors, including government initiatives to include advanced technology in public safety on roads, increasing demand for premium passenger cars and growing demand for connectivity in vehicles. The increasing partnerships and collaborations have been observed during the recent past in the global ADAS market. The key players are also engaged in launching new products with up graded technology and features. Europe dominated the global market; however Asia-Pacific is estimated to surpass it during the forecast period.

About P&S Market Research

P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries.

With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication. Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions.


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