Human Machine Interface Market Size, Share, Growth, Forecast 2030

Human Machine Interface Market

Human Machine Interface Market By Component (Hardware and Software), Type (Stand-Alone HMI and Embedded HMI), By Application ( Energy and Power, Oil and Gas, Healthcare, Automobiles, Aerospace and Defense, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Category: Technology & Media Report Format : PDF Pages: 145 Report Code: ZMR-2023 Published Date: Jul-2021 Status : Published

The global Human Machine Interface market size accounted for USD 4.2 Billion in 2020 and is expected to reach USD 8.6 Billion by 2028, growing at a CAGR of around 9.1% between 2021 and 2028.       

Global Human Machine Interface Market Size Overview    

The global Human Machine Interface market size accounted for USD 4.2 Billion in 2020 and is expected to reach USD 8.6 Billion by 2028, growing at a CAGR of around 9.1% between 2021 and 2028.       

Human machine interface (HMI) is a medium for information exchange among users and electromechanical systems. Rubber keypads, touch screens, interface software, and membrane switches are some examples of HMI. Due to growth in factory automation; smartphones, tablets, and computer users; technological needs the demand for human machine interface is increasing.

Technological advancements in HMI will be likely to power the requirement of human machine interface market. For example, voice recognition, improved gesture recognition, touch screen modules, touchless sensing, augmented reality, and wearable technology are mounting productivity & safety in various sectors that are likely to fuel the growth of human machine interface market size.

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COVID-19 Impact Analysis:

The global Human Machine Interface market size has witnessed a slight decline in the sales for short term to the lockdown enforcement placed by governments in order to contain COVID spreading. The restrictions imposed by various nations to contain COVID had stopped production resulting in disruption across the whole supply chain. However, the global markets are slowly opening to their full potential and theirs a surge in demand. The market would remain bullish in the upcoming year.  The decrease in the global Human Machine Interface market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.   

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Growth Factors

The increasing need for reliable hardware and data security paired with strong demand for efficient & reliable software & system is enforcing to fuel the growth of human machine interface market. The increasing requirement from various sectors such as oil & gas, manufacturing, healthcare, and aerospace & defense is offering traction to the market. On the other hand, the complex designing structure and high installation cost of HMI are hindering the development of the global human machine interface market.

Moreover, new HMI solutions are pre-configured to convey info to an on-premise solution or the cloud. Hence, the rollout of IoT is altering the manufacturing factories, thereby fostering the development of human machine interface market. Moreover, increasing M&A initiatives by market players are also responsible for the development of the market. For example, in July 2017, ABB concluded the acquirement of B&R, the biggest independent operator focusing on the open-architecture and software & product-based solutions for factory & machine automation universally, fostering the market.

Report Scope:

 

Segment Analysis Preview

The global human machine interface market is segmented into configuration type, component, region, and application. By component, this market is divided into software and hardware. The hardware sector in this market will be likely to hold the biggest share in the coming years due to the rising usage of various devices for discrete applications.

Based on type, the human machine interface market is divided into embedded HMI and stand-alone HMI. Based on application, the human machine interface market is bifurcated into oil and gas, energy and power, automobiles, healthcare, defense, aerospace, and others. Manufacturing sectors are powering the growth of this market owing to increasing requirements to elevate the monitoring & efficiency of manufacturing plants.

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Region Analysis Preview

North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa are key regional segments of the global Human Machine Interface market. Asia-Pacific is anticipated to remain the leading region over the forecast period. This is mainly attributed to the rising trend among the various industries to shift their manufacturing bases in Asia-Pacific to capitalize on the availability of skilled as well as relatively cheap labor. In addition to this, the Asia-Pacific has transformed into a major manufacturing hub. The process and discrete manufacturing industries present in the region are progressively adopting automated technologies. The aforementioned factors significantly push the growth of the market in this region over the forecast period.  

Key Market Players & Competitive Landscape

The major players operating in the Human Machine Interface market are Honeywell International Inc., Emerson Electric Corp., ABB Ltd., Rockwell Automation Inc., Rittal GmbH & Co, General Electric Co., Interlink Electronics, Inc., WECON Technology Co. Ltd, EAO AG, Panasonic Corp., Siemens AG, Omron Corp., and Eaton Corp. among others.

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The global Human Machine Interface market is segmented as follows:   

By Component

  • Hardware
  • Software

By Type

  • Stand-Alone HMI
  • Embedded HMI

By Application

  •  Energy and Power
  •  Oil and Gas
  •  Healthcare
  • Automobiles
  • Aerospace and Defense
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

The global Human Machine Interface market was valued at USD 4.2 Billion in 2020.

The global Human Machine Interface market is expected to reach USD 8.6 Billion by 2028, growing at a CAGR of 9.1% between 2021 to 2028.

Some of the key factors driving the global Human Machine Interface market growth are increasing need for reliable hardware and data security paired with strong demand for efficient & reliable software & system.

Asia-Pacific is anticipated to remain the leading region over the forecast period. In addition to this, the Asia-Pacific has transformed into a major manufacturing hub. The process and discrete manufacturing industries present in the region are progressively adopting automated technologies. The aforementioned factors significantly pushes growth of the market in this region over forecast period.

The major players operating in the Human Machine Interface market are Honeywell International Inc., Emerson Electric Corp., ABB Ltd., Rockwell Automation Inc., Rittal GmbH & Co, General Electric Co., Interlink Electronics, Inc., WECON Technology Co. Ltd, EAO AG, Panasonic Corp., Siemens AG, Omron Corp., and Eaton Corp among others.

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