Automotive HMI Market to Reach $29,582.8 Million by 2023

Global automotive HMI market is projected to attain a size of $29,582.8 million by 2023, registering a CAGR of 13.8% during 2018-2023.

The increased demand for automotive HMI is mainly led by rising in-vehicle connectivity, increasing sales of premium cars, and growing demand for enhanced safety features.

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Asia-Pacific has been contributing the highest revenue in the automotive HMI market, followed by Europe and North America. Continuous infrastructural developments coupled with industrial development activities in emerging economies have opened new avenues, creating several opportunities in the region for automotive OEMs. Due to increasing living standards and growing passenger car penetration, India is expected to be the fastest growing market in the region, during the forecast period.

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Some of the major players in the global automotive HMI industry are Panasonic Corporation, Robert Bosch GmbH, Delphi Automotive PLC, DENSO Corporation, Continental AG, Texas Instruments Inc., Visteon Corporation, Alpine Electronics Inc., EAO AG, and Yazaki Corporation.

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