Indian Automotive HMI Market Drivers, Opportunities, and Trends in Coming Years


Posted November 30, 2020 by Rahul_Gautam

How is Growing Penetration of Connected Cars Driving Indian Automotive Human-Machine Interface Market?
 
Owing to the growing number of road accidents across the globe, including India, the demand for features which can enhance the safety and security features of vehicles is growing day by day. Attributed to this, automobile manufacturers are increasingly trying to develop new technologies in order to enhance the driving experience. These factors have led to the increasing penetration of connected and autonomous vehicles. Other than this, consumer are also creating requirement for in-vehicle digital systems and predictive maintenance, which is why vehicles are increasingly being converted into smart machines that are able to connect the driver with the outside world.

In order to achieve this sort of flexibility in autonomous and connected cars, vehicles need to be integrated with innovative automotive human-machine interfaces (HMI). Almost all modern vehicles are now equipped with different kinds of HMI technologies. These solutions are integrated in vehicles to assist drivers in controlling infotainment and connectivity solutions. Owing to all these factors, the Indian automotive HMI market is predicted to generate a revenue of $1 billion by 2023, rising from $466.9 million in 2017, progressing at a 14.1% CAGR during the forecast period (2018–2023).

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The demand for different HMI products in the past was higher for medium vehicles in the country; however, the adoption of these products is projected to increase substantially in premium cars in the near future. This can be attributed to the growing sales of these vehicles in India on account of increasing disposable income of people. Geographically, the western region made the largest contribution to the Indian automotive HMI market. This is primarily owing to the rising sales of premium and medium cars in this part of the country.

In conclusion, the demand for automotive HMI in India is growing due to the increasing penetration of connected and autonomous cars.
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Issued By Rahul Gautam
Country India
Categories Automotive , Blogging , Business
Tags indian automotive hmi market , indian automotive hmi market demand , indian automotive hmi market report , indian automotive hmi market revenue , indian automotive hmi market share
Last Updated November 30, 2020