TechNavio Says Innovations in Automotive HMI Will Enhance Adoption of HMI Systems in Small, Medium & Premium Car Segments by 2019
By Business Wire News
By Business Wire News
TechNavio has published a new report on the Global Automotive HMI Market, which is expected to grow at a CAGR of 11.25 percent from 2014-2019.
According to the latest report by TechNavio, consumers have been gravitating towards smaller and smarter cars. While premium brands like Mercedes-Benz and Audi are still key for market growth, the market is witnessing a growing focus on reducing prices of HMI systems to cater to the needs of low-end vehicle manufacturers.
“To penetrate the market, vendors and service providers are incorporating new ideas and innovations into existing systems. It is expected that functions like cruise control, telephony and media controls will be installed in steering wheels to create a better interface between driver and vehicle in both premium and low-cost vehicles over the forecast period,” says Faisal Ghaus, Vice President of TechNavio.
The new TechNavio report also emphasizes an increase in global vehicle production and heightened use of infotainment devices, which are expected to play a vital role in the growth of the Global Automotive HMI Market.
“Infotainment devices used for communication, entertainment and navigation are expected to influence demand for telematics devices, which will also spur market growth,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
TechNavio is a leading global technology research and advisory company.
Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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