DALLAS, March 10, 2015 /PRNewswire/ --
SandlerResearch.org adds Global Automotive Human Machine Interface (HMI) Market 2015-2019 industry research report that says market to grow at a CAGR of 11.25% over the period 2014-2019.
One of the key trends in the market is the increased demand for automotive infotainment, which has resulted in a high demand for HMI systems. Infotainment devices used for communication, entertainment and navigation will influence the demand for telematics devices, ultimately leading to an increased market growth.
Analysts forecast the Global Automotive Human Machine Interface market to grow at a CAGR of 11.25% over the period 2014-2019. According to the report, technological innovations being offered by HMI system vendors are a major driver that is expected to boost the market growth in the next five years. Vendors have started incorporating new ideas and innovations into the existing systems, so as to make a strong hold in the competitive market.
HMI systems are a combination of software and hardware that provide an interface between automated systems and humans by using HMI software or HMI panels. It helps operators interact with automated systems in vehicles and understand the plant floor automation process. HMIs are widely used in high-end vehicles and are expected to be introduced into low-cost vehicles over the coming years. They provide inputs and monitor, control, and check various parameters of control systems in vehicles. The Global Automotive Human Machine Interface market is currently experiencing a rapid growth. The majority of the market growth stems from the Americas.
The report covers the present scenario and the growth prospects of the Global Automotive Human Machine Interface market for the period 2015-2019. This report considers 2014 as the base year and provides data for the 12 trailing months. It also presents the vendor landscape and a corresponding detailed analysis of the top five vendors. In addition, the report discusses the major drivers that influence the growth of the Global Automotive Human Machine Interface market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
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The report recognizes the following companies as the key players in the Global Automotive HMI Market: Delphi Automotive plc, Johnson Controls Inc., Magneti Marelli SpA and Valeo SA.
Other Prominent Vendors in the market are: Alpine, Altran Praxis, Clarion, Cypress Semiconductor, Denso, EAO, Gracenote, Harman, Immersion, Loquendo, Mecel, Nippon Seiki, Nuance Communications, Sharp Microelectronics of the Americas, Toshiba Mobile Display, Visteon and VoiceBox Technologies.
Further, the report states that infotainment may also cause distraction to drivers, which has become a major challenge for the vendors. Infotainment, which is a source of relaxation during tedious journeys may cause distraction while driving and hence vendors will need to ensure that integration of HMI systems in a vehicle should cause minimal distraction.
Other Related Reports on Automotive Sector:
Global Automotive Connectors Market 2015-2019 (http://www.sandlerresearch.org/global-automotive-connectors-market-2015-2019.html): Analysts forecast the Global Automotive Connectors market to grow at a CAGR of 7.99 percent over the period 2014-2019. The report recognizes the following companies as the key players in the Global Automotive Connectors Market: Delphi Automotive LLP, Sumitomo Electric Wiring Systems, TE Connectivity Ltd. and Yazaki Corp.
Other Prominent Vendors in the market are: Amphenol, HIROSE ELECTRIC, Hu Lane Associates, Japan Aviation Electronics Industry, J.S.T., Korea Electric Terminal, Kyocera, Molex and Rosenberger.
The growing adoption of automotive electronics is a key trend, which is expected to boost the market growth during the forecast period. With the increasing demand for comfort and convenience, advanced driver assistance systems and infotainment systems among consumers, automotive electronics are expected to gain popularity.
According to the report, rise in demand for automotive wiring harness in automobiles is the foremost driver that is expected to have a positive impact on the market. Recently, the electronic content in vehicles has been increasing because of the growing demand for advanced and intelligent features such as safety solutions, driving assistance systems and infotainment.
Global Electric Power Steering (EPS) Market 2015-2019 (http://www.sandlerresearch.org/global-electric-power-steering-market-2015-2019.html): Analysts forecast the Global Electric Power Steering market to grow at a CAGR of 8.63 percent over the period 2014-2019. The report recognizes the following companies as the key players in the Global Electric Power Steering Market: JTEKT Corp., Mitsubishi Electric Corp., Nexteer Automotive, NSK Ltd. and TRW Automotive Holdings Corp.
Other Prominent Vendors in the market are: China Automotive Systems, Continental, Delphi Automotive, Mando, Showa and ZF Lenksysteme.
Emerging economies such as China, Brazil, and India are experiencing rapid expansion and growth in terms of economy and infrastructure. These economies are poised to become prominent automotive markets globally in the coming years. This is also influencing the demand for vehicles fitted with EPS systems. Many automakers and component manufacturers are increasing their R&D spending to improve their product lines and bring in more technological innovations that would reduce/control emission levels.
According to the report, the growth of the market is attributed to the increase in demand for passenger cars fitted with EPS systems. Countries worldwide are implementing stringent regulations to reduce/control vehicle emission levels. The fuel economy of EPS-fitted cars is higher than that of hydraulic steering-fitted cars.
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