The Europe Automotive HMI Market would witness market growth of 10.2% CAGR during the forecast period (2023-2030).
The desire for better vehicle entertainment or user experience systems is growing as average income levels rise regionally. Advanced Driver Assistance Systems (ADAS) and Human Machine Interfaces (HMI) are receiving increased attention from end users. When driving, navigating, taking calls, etc., these technologies are a huge help.
In conjunction with in-car sensors, the HMI platform provides a real-time augmented reality (AR) experience to the driver via the head-up display (HUD). The HUD aids drivers in making judgments by assisting them in anticipating the actions of other vehicles on the road, such as cornering techniques and changes in the posted speed limit. This increases overall driver and vehicle safety. Additionally, there has been a huge increase in demand for connected automobiles, driven by a more tech-savvy population and by consumers who are more interested in comfort and security in their vehicles.
The European market has benefited the UK automotive industry with its diverse goods, which include luxury, volume, and niche automobiles, due to its well-connected supply chains and significant demand for UK-built cars across the continent. 50% of the UK's total exports of automobiles go to the European Union.
Europe is one of the world's top auto producers since it is home to many countries that thrive in the automotive industry. Particularly in Italy, the car industry substantially contributes to the national economy. Approximately €106 billion ($119 billion), or 6.2% of Italy's GDP and 11% of its industrial turnover, were reported in 2019, as per data provided by the International Trade Association. Italy produced over 914,000 automobiles in 2019, and 1.381,496 new cars were registered in 2020. The regional countries' steadily expanding automotive industries present the potential for the European market to expand.
The Germany market dominated the Europe Automotive HMI Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,032.3 million by 2030. The UK market is registering a CAGR of 9.2% during (2023 - 2030). Additionally, The France market would witness a CAGR of 11% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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