The Asia Pacific Automotive HMI Market would witness market growth of 11.2% CAGR during the forecast period (2023-2030).
Automobile manufacturers have achieved new degrees of human-vehicle interactions due to their persistent focus on utilizing new UX/UI concepts. The development of autonomous vehicles is therefore speeding up owing to the inclusion of new in-car software features, opening up new opportunities for the market. In order to offer accuracy and comfort, automotive manufacturers are widely adopting 3D and 2D visuals.
The market is also driven by the growing consumer desire for in-vehicle connections. The integration of in-vehicle connectivity elements is growing due to people's growing desire to stay connected to the outside environment while driving. As a result of contracts with IT or consumer electronics companies, automakers are quickly adding in-vehicle networking capabilities into infotainment systems in accordance with customer demands. Examples include real-time traffic monitoring, roadside assistance, vehicle diagnostics, traffic & collision warnings, and smartphone connectivity with the car. The market is expected to grow because of the rising demand for connectivity features in cars.
The most frequent cause of fatalities and serious injuries globally is road safety, which is also a critical issue for development and public health. At least one Indian is involved in every ten road fatalities globally, according to the WHO. The Indian government reports that there were 1,53,972 fatalities and 3,84,448 injuries due to 4,12,432 road accidents that were officially reported in the nation in 2021. Between 18 and 45, the age range most frequently affected by traffic accidents, approximately 67 percent of all accidental deaths take place. In addition, China saw an increase in the number of cars from 207 million in 2010 to 348 million in 2019, a 68.12% increase in ten years.
With a rate of 9.6 per 100,000 as opposed to the average of 2.2 per 100,000, regional Australia's traffic fatality rate in 2018 was much higher than that of urban areas. The prevalence of rapid motorways in rural regions has a substantial impact on the rise in fatality rates. Growing adoption of automobiles with cutting-edge technologies like touch screen displays, voice recognition, and others as a result of the region's increasing traffic accidents, even as automotive HMI enhances vehicle safety. As a result, the market would expand in the region.
The China market dominated the Asia Pacific Automotive HMI Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,719.5 million by 2030. The Japan market would showcase a CAGR of 10.5% during (2023 - 2030). Additionally, The India market is anticipated to grow at a CAGR of 11.9% during (2023 - 2030).
Based on Vehicle Type, the market is segmented into Passenger Cars, and Commercial Vehicles. Based on Display Size, the market is segmented into 5-10", <5", and >10". Based on Technology, the market is segmented into Visual Interface, Acoustic Interface, and Others. Based on Access Type, the market is segmented into Multimodal HMI System, and Standard HMI System. Based on Product, the market is segmented into Central Displays, Instrument Cluster Displays, Gesture Recognition, Malfunction Switches, Voice Recognition System, Steering Mounted Control System, Head Up Displays, Rotary Controllers, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Automotive HMI Market is Projected to reach USD 47.5 Billion by 2030, at a CAGR of 10.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Harman International Industries, Inc. (Samsung Electronics Co., Ltd.), Continental AG, Denso Corporation, Panasonic Holdings Corporation, Alps Alpine Co., Ltd., Visteon Corporation, Robert Bosch GmbH, Valeo SA, Synaptics Incorporated, and Aptiv PLC.
By Vehicle Type
By Display Size
By Technology
By Access Type
By Product
By Country
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