The North America Automotive HMI Market would witness market growth of 10.7% CAGR during the forecast period (2023-2030).
Using Human Machine Interfaces benefits the customer while giving automakers a clear advantage in a fiercely competitive industry. Automakers can use consumer preference for cutting-edge automotive safety or technology to their advantage by adding additional features to HMI and bolstering market competitors' positions. Additionally, by preventing unnecessary software development expenses and generating revenue from spares for current parts, sensors, and hardware, the flexibility and adaptability of the automobile HMI platform would also provide cost-cutting for manufacturers over the long run.
The usage of AI in automobiles enables software specialists to interface between this Interface system and the driver using the vehicle's onboard capabilities. Voice control systems like Google Assistant and Alexa ensure passengers have an integrated in-car experience by offering speech recognition technology. Furthermore, by limiting driver distraction or ensuring safer driving, this cutting-edge speech technology helps. The increased use of this technology will contribute to its market growth in the future as concerns about drivers' safety increase.
The United States is home to one of the greatest vehicle markets in the world. 2020 saw sales of 14.5 million light automobiles in the United States, according to the International Trade Association. Along with their vehicle assembly plants, many automakers also operate design, R&D, and testing facilities in the U.S. for engine and transmission manufacturing. Foreign direct investment in the U.S. automotive industry in 2019 was $143.3 billion.
Mexico is the seventh-largest manufacturer of passenger vehicles globally, as the International Trade Association reported, producing about three million cars annually. Moreover, 90% of Mexican-made vehicles are exported, with 76% going to the United States. The market in this region is anticipated to increase significantly due to the region's ongoing expansion of the automotive sector.
The US market dominated the North America Automotive HMI Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $9,641 million by 2030. The Canada market is poised to grow at a CAGR of 13.2% during (2023 - 2030). Additionally, The Mexico market would display a CAGR of 12.2% 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 U.S., Mexico, Canada, and Rest of North America.
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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