According to the World Health Organization (WHO), nearly 20–50 million people suffer from non-fatal injuries during road traffic crashes. As per the WHO, around 1.3 million human fatalities are caused due to road accidents each year. To reduce the number of road accidents, governments across the world are implementing mandatory policies to integrate safety features, such as human–machine interfaces (HMIs), in automobiles. Automotive HMI solutions offer safety features such as mobile device integration, voice interactions, and touch screens, which allow drivers to identify and comprehend vital information, which helps in reducing distractions while driving.
Additionally, the increasing consumer
preference for in-vehicle connectivity will accelerate the automotive HMI
market at a CAGR of 10.8% during 2020–2030. According to P&S
Intelligence, the market revenue will surge from $18,822.3 million in 2019 to
$55,318.4 million by 2030. In the contemporary era of constant connectivity,
people across the world are creating a huge requirement for in-vehicle
connectivity features. To cater to the evolving needs of customers, automakers
are partnering with consumer electronic vendors and information technology (IT)
companies to integrate in-vehicle connectivity features, such as infotainment
systems, in their offerings.
In recent years, HMI system manufacturers
have focused on partnerships, mergers, and acquisitions to reach out to a
greater number of automakers. For instance, in July 2019, Toyota Motor
Corporation and DENSO CORPORATION formed a joint venture to engage in research
and development (R&D) of next-generation in-vehicle semiconductors. The
research is being conducted on the basic processing methods and structure of
next-generation semiconductors, to create electronic parts such as periphery
monitoring sensors for automated vehicles and power modules for electric
vehicles (EVs).
Currently, HMI equipment manufacturers are
producing central displays, voice recognition systems, head-up displays, rear-seat
entertainment units, gesture recognition systems, multifunction switches,
instrument clusters, and steering-mounted controls for automakers. Apart from DENSO
CORPORATION, Continental AG, GIP Development SARL (Blaupunkt), Faurecia, EAO
AG, KYOCERA Corporation, Harman International Industries Inc., Intellias Ltd.,
Nippon Seiki Co. Ltd., LS Automotive India Pvt. Ltd., Panasonic Corporation,
Leopold Kostal GmbH & Co. KG, Robert Bosch GmbH, Magneti Marelli CK
Holdings Co. Ltd., Valeo S.A., Luxoft, Visteon Corporation, and Marquardt GmbH
are some of the prominent manufacturers of such products.
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