Im Forum OEM NewsIncreasing Passenger Car Sales Is Bolstering the Growth of the India Automotive HMI Market
The Indian automotive HMI market is projected to reach $1 billion by 2023.
The growth of the market is majorly driven by the growing in-vehicle connectivity, rising demand for enhanced user experience and safety features, and increasing passenger car sales in the country.
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The HMI sales in the country is evenly distributed in the northern, southern and western regions of the country, with the western part of the country accounting for the maximum share, contributing more than 28% in automotive HMI market in 2017. The HMI sales in the eastern region of the country remains low, due to lower economic growth and low income levels in this part of the country.
Some of the major players operating in the Indian automotive HMI industry are Visteon Corporation, Panasonic Corporation, Continental AG, Robert Bosch GmbH, DENSO Corporation, Nippon Seiki Co. Ltd., Alpine Electronics Inc, Alps Electric Co., Ltd, Omron Corporation, ZF Friedrichshafen AG and Valeo SA.
Report Sample - India Automotive HMI Market Size | Global Forecast Report 2023 www.psmarketresearch.com/market-analysis/india-au... The Indian automotive HMI market attained a size of $466.9 million in 2017 and is forecasted to reach $1 billion by 2023, registering a CAGR of 14.1% during 2018–2023. The major factors driving the market growth are i...