Latest technological innovations and rising demand for connected and autonomous vehicle are key factors driving industry growth for the past few years. Rising research and development activities coupled with declined cost of HMI systems are expected to favor market progress as well. Additionally, increasing demand for high-end luxury cars with advanced HMI systems is anticipated to propel market growth over the coming years. Growing per capita income and need for convenience and comfort are other factors complementing industry growth as well. Development of the multimodal HMI systems with advanced features including the multiple interfaces and a holistic HMI system is driving more customers towards HMI systems. Europe region currently holds major market share, owing to the rising per capita income and increasing R&D activities over the past few years. Major players dominating the global market include Alpine Electronics Inc., Altran Technologies SA, Continental AG, Clarion Co. Ltd., Delphi Automotive PLC, Harman International Industries, Inc., Luxoft Holding, Inc., Magneti Marelli S.P.A., Synaptics Incorporated, Visteon Corp., Valeo S.A., and Voicebox Technologies among others.
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