Market Overview

Automotive HMI Market in India to 2023: Analysis by Product, Interface, Access, End-Use, and Region - Market Size, Share, Development, Growth, and Demand Forecast - ResearchAndMarkets.com

Share:

The "India
Automotive HMI Market by Product, by Interface, by Access, by End-Use,
by Region -Market Size, Share, Development, Growth, and Demand Forecast,
2013-2023"
report has been added to ResearchAndMarkets.com's
offering.

The Indian automotive HMI market is projected to reach $1 billion by
2023.

The growth of the market is majorly driven by the growing in-vehicle
connectivity, rising demand for enhanced user experience and safety
features, and increasing passenger car sales in the country.

Based on product, the Indian automotive HMI market is categorized into
steering mounted controls, touch screen display, multifunction switches,
head-up display (HUD), instrument clusters and rear seat entertainment
(RSE). Of these, the touch screen display category is estimated to
account for the largest share in the market, driven by its increasing
adoption in medium category cars.

On the basis of end-use, the Indian automotive HMI market is segmented
into economy, medium, and premium cars. On the basis of value, the
medium car category held the largest share in the automotive HMI market
of the country in 2017, accounting for more than 62%, due to increasing
HMI penetration in these cars. However, premium car is expected to be
the fastest growing category during the forecast period, due to its
increasing sales in the country.

On the basis of access, the Indian automotive HMI market is categorized
into multimodal HMI and standard HMI. Standard HMI access held a larger
revenue share, at more than 90%, in 2017, due to lower cost of these
HMIs when compared to the multimodal ones. However, multimodal HMI is
expected to witness faster growth during the forecast period, due to
increasing demand for premium and comfort features in passenger cars.
Benefits offered by multimodal HMI, such as improved recognition and
faster interaction, are likely to swell their adoption in passenger cars.

The HMI sales in the country is evenly distributed in the northern,
southern and western regions of the country, with the western part of
the country accounting for the maximum share, contributing more than 28%
in automotive HMI market in 2017. The HMI sales in the eastern region of
the country remains low, due to lower economic growth and low income
levels in this part of the country.

Car sales in India have witnessed a significant growth in the last
decade, driven by the share of young population, rising income levels,
and urbanization in the country. The sales of passenger cars would
continue to witness a strong growth during the forecast period, thus,
driving the Indian automotive HMI market.

Additionally, increasing urbanisation in the country is leading to
growing demand for passenger cars from Tier1 and Tier2 cities in the
country. According to the census data, the population residing in urban
areas increased from 28.5% in 2001 to 31.2% in 2011. Rising passenger
car sales is increasing the sales of HMI products such as steering
mounted controls, touch screen displays, and RSEs, thus, benefiting the
Indian automotive HMI market.

Key Topics Covered

Chapter 1. Research Background

Chapter 2. Research Methodology

Chapter 3. Executive Summary

Chapter 4. Introduction

Chapter 5. India Market Size & Forecast

Chapter 6. Competitive Landscape

Chapter 7. Company Profiles

  • Panasonic Corporation
  • Robert Bosch GmbH
  • Valeo SA
  • ZF Friedrichshafen AG
  • Continental AG
  • Omron Corporation
  • Visteon Corporation
  • Alpine Electronics Inc.
  • Alps Electric Co. Ltd.
  • Nippon Seiki Co. Ltd.
  • Denso Corporation

For more information about this report visit https://www.researchandmarkets.com/research/rb5w9l/automotive_hmi?w=4

View Comments and Join the Discussion!