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Automotive HMI Demand
OREGAON, PORTLAND, UNITED STATES, May 26, 2023 /einpresswire.com / -- According to a recent report published by Allied Market Research, titled,"automotive hmi market by Type and Technology: Global Opportunity Analysis and Industry Forecast, 2018-2025", the global automotive HMI market size was valued at $14,807.5 million in 2017, and is projected to reach $33,590 million by 2025, registering a CAGR of 11.1% from 2018 to 2025. The central display segment was the highest contributor to the global market, with $6,527.1 million in 2017, and is estimated to reach 33,589.8 million by 2025, at a CAGR of 11.1% during the forecast period.
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Central display to maintain its leadership status by 2025
Based on product type, central display accounted for more than two-fifth of the total market in 2017 and is expected to dominate during the forecast period. This is due to the integrated approach of displaying contents of infotainment systems and connected platforms. The head-up display segment is anticipated to grow at a CAGR of 12.8% throughout the period, thereby coming out as the fastest growing segment.
Visual Interface to dominate during the period
Based on technology, visual interface contributed to nearly four-fifth of the market in 2017 and will retain its top status all throughout 2018-2025. The integrated primary display systems and better visualization of data gathered through sensors and ADAS systems have spurred the growth.
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Asia-Pacific to contribute the major share by 2025
Based on region, Asia-Pacific held the major share in the market in terms of revenue in 2017, contributing more than one-fourth of the total share, owing to rise in ADAS and autonomous driving capability along with enhancement in vehicle interiors. North America is expected to grow at the highest CAGR of 11.9% throughout the tenure. Increase in sales of vehicles in the region along with rise in per-capita purchase power of people have acted as the prime reasons for high market share in the province.
Key market players
The key players analyzed in the report include Robert Bosch GmbH, Visteon Corporation, Alpine Electronics, Inc., Samsung Electronics Co. Ltd., Harman International Industries, Inc., Panasonic Corporation, Valeo, Clarion Co. Ltd., Continental AG, Nuance Communications Inc., and Nuance Communications, Inc. They have adopted different strategies including collaborations, joint ventures, partnerships, expansions, mergers & acquisitions, and others to gain a strong position in the industry.
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