Global human machine interface market expected to reach USD 5.70 billion by 2022, growing at a CAGR of slightly above 8.80% between 2017 and 2022.
The report covers forecast and analysis for the human machine interface market on a global and regional level. The study provides historic data of 2014-2016 along with a forecast from 2017 to 2022 based on revenue (USD Billion). The study includes drivers and restraints for the human machine interface market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the human machine interface market on a global level.
This report offers comprehensive coverage on global human machine interface market along with, market trends, drivers, and restraints of the human machine interface market. This report included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the human machine interface market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.
The study provides a decisive view on the human machine interface market by segmenting the market based on component, configuration type, application, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2022. On the basis of the component, the market is segmented by hardware and software. By type, the market is segmented by stand-alone HMI, embedded HMI. On the basis of Application wise, the human machine interface market is segmented into energy & power, oil & gas, healthcare, automobiles, aerospace defense and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global human machine interface market include Emerson Electric Corp., Honeywell International Inc., Rockwell Automation Inc., ABB Ltd., General Electric Co., Omron Corp., Siemens AG, and Eaton Corp., Rittal GmbH & Co, WECON Type Co. Ltd, Interlink Electronics, Inc., Panasonic Corp., EAO AG, among others.
The report segments global human machine interface market as follows:
Global Human Machine Interface Market: Component Segment Analysis
Global Human Machine Interface Market: Type Segment Analysis
Global Human Machine Interface Market: Application Segment Analysis
Global Human Machine Interface Market: Regional Segment Analysis
This report is based on in-depth qualitative and quantitative analyses of the global Human Machine Interface market. Zion Research has collected and analyzed key data belong to the global Human Machine Interface market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Human Machine Interface across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Human Machine Interface industry. Primary research makes up the major source of data collection and validation.
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Human Machine Interface market.
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Human machine interface (HMI) is software for information exchange between users and electromechanical systems. Some of the examples of HMI are rubber keypad, touch screen, membrane switches, interface software, etc. Due to growth in factory automation, technological needs, Smartphone, tablets and computer users, the demand for human machine interface is increasing. The major factors are driving the growth of HMI market is growing automation in manufacturing industries. Integration of analytics software with products will be expected to improve productivity and quality thereby spurring demand. However, high cost associated with installation is anticipated to pose the demand of HMI market. Nonetheless, continuous updating and upgrade of computer processors are also estimated to substitute traditional systems which will increase product demand. Advancement in broadband access technology is also expected to offer significant growth in coming years.
Human interface market is segmented by component, configuration type, application, and region. On the basis of the component, the market is segmented into hardware and software. By configuration type, the market is divided into stand-alone HMI and embedded HMI. Due to increasing adoption of the embedded HMI solutions in process industry such as in chemical and pharmaceuticals industries is impelling the growth of hardware segment. Embedded platforms enable easy communication between two machines and provide easy access to operators, and thus help operators in process industries to gain more process visibility. Increasing demand of mobile HMI is driving the growth of the advanced panel-based human machine interface market. In addition, the advanced panel-based HMIs have high demand in industries such as oil and gas, chemical, and energy and power, where critical operations are involved. Application segment is further divided into energy & power, oil & gas, healthcare, automobiles, aerospace defense and others. Increasing shale oil extraction significantly in North America will be expected to increase the need for industrial automation. Increasing usage of advanced technology in automobile sector has transformed the car dashboard layout to more flexible, dynamic and adaptable design is driving the growth of HMI market.
North America human machine interface market is estimated to emerge as a dominant segment due to increase in a number of automation projects over the forecast period. Europe is projected to exhibit steady growth for HMI market over the forecast period. Due to rapid industrialization in developing countries such as China, Japan, India is expected to give momentum to this market in Asia Pacific region. Latin America and Middle East & Africa are expected considerable growth in coming years for HMI market.
Emerson Electric Corp., Honeywell International Inc., Rockwell Automation Inc., ABB Ltd., General Electric Co., Rittal GmbH & Co, WECON Technology Co. Ltd, Interlink Electronics, Inc., Panasonic Corp., EAO AG, Omron Corp., Siemens AG, and Eaton Corp. are the major human machine interface suppliers.