Automotive HMI Market Estimates a Billion New Opportunities in the Near Future

HMI market to reach 28.4 billion dollars with a CAGR of 8.8%between the years 2021-2026. This estimation promises success to Continental AG, Visteon Corporation, Robert Bosch, and Vale—the major automotive HMI manufacturers.

FERMONT, CA: The global automotive HMI market is estimated to reach up to 28.4billion dollars with a CAGR of 8.8 percent between the years 2021-2026. This report anticipates new opportunities in the passenger car, light commercial vehicle, and electric vehicle (EV) markets. Furthermore, the increasing customer demand for in-vehicle safety features and strong recovery in automotive production drives the market forward. The efforts to improve adoption rates of connected and autonomous vehicles by OEM shave also significantly developed this sector.

Due to continuous innovation in display technologies and reduced cost of automotive displays, the central display segment currently stands strong, even while the highest growth can be seen by the visual interface segment. This interface adds to the growing demand of autonomous and electric vehicles, and integration of different display systems. Moreover, the major automotive HMI manufacturers like Continental AG, Visteon Corporation, Robert Bosch, and Valeonow anticipate promising growth in their production sector. The four primary factors that drive the market dynamics of automotive HMI are low-cost software, improved devices in the connected vehicle, rising demand in enhanced user experience and convenience features, and increased adoption by OEMs.