The global Human Machine Interface market 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.
Market Overview
The global Human Machine Interface market 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 the users and electromechanical systems. Rubber keypad, touch screen, interface software, and membrane switches are some examples of HMI. Due to growth in factory automation; smartphone, 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, improvements gesture recognition, touch screen modules, touchless sensing, augmented reality, and wearable technology are mounting productivity & safety in various sectors that is likely to fuel the growth of human machine interface market.
COVID-19 Impact Analysis:
The global Human Machine Interface market 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 the production resulting in a 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 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 the 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.
Growth Factors
Increasing need for reliable hardware and data security paired with strong demand for efficient & reliable software & system are enforcing to fuel the growth of human machine interface market. Increasing requirement from various sectors such as oil & gas, manufacturing, healthcare, and aerospace & defence is offering traction to the human machine interface market. On the other hand, complex designing structure and high installation cost of HMI is hindering the development of 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 roll out 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 human machine interface 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 human machine interface market.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Segment Analysis Preview
The global human machine interface market is segmented into the configuration type, component, region, and application. By component, the human machine interface market is divided into software and hardware. Hardware sector in human machine interface market will be likely to hold the biggest share in the coming years due to 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 human machine interface market owing to increasing requirement to elevate monitoring & efficiency of manufacturing plants.
Region Analysis Preview
North America, Europe, Asia-Pacific, Latin America and Middle East & Africa are key regional segments of 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 pushes growth of the market in this region over 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.
The global Human Machine Interface market is segmented as follows:
By Component
By Type
By Application
By Region
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Component
FIG NO. 2. Market Attractiveness Analysis, By Type
FIG NO. 4. Market Attractiveness Analysis, By Region
FIG NO. 5. Global Human Machine Interface Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 6. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 7. Market Revenue Share, By Component, 2020 & 2028
FIG NO. 8. Global Human Machine Interface Market for Hardware, Revenue (USD Billion) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Human Machine Interface Market for Hardware, By Country, 2020 & 2028
FIG NO. 10. Global Human Machine Interface Market for Software, Revenue (USD Billion) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Human Machine Interface Market for Software, By Country, 2020 & 2028
FIG NO. 19. Market Revenue Share, By Type, 2020 & 2028
FIG NO. 20. Global Human Machine Interface Market for Stand-Alone HMI, Revenue (USD Billion) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Human Machine Interface Market for Stand-Alone HMI, By Country, 2020 & 2028
FIG NO. 22. Global Human Machine Interface Market for Embedded HMI, Revenue (USD Billion) 2016 – 2028
FIG NO. 23. Comparative Revenue Analysis of Human Machine Interface Market for Embedded HMI, By Country, 2020 & 2028
FIG NO. 24. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 25. Global Human Machine Interface Market for Energy and Power, Revenue (USD Billion) 2016 – 2028
FIG NO. 26. Comparative Revenue Analysis of Human Machine Interface Market for Energy and Power, By Country, 2020 & 2028
FIG NO. 27. Global Human Machine Interface Market for Oil and Gas, Revenue (USD Billion) 2016 – 2028
FIG NO. 28. Comparative Revenue Analysis of Human Machine Interface Market for Oil and Gas, By Country, 2020 & 2028
FIG NO. 29. Global Human Machine Interface Market for Healthcare, Revenue (USD Billion) 2016 – 2028
FIG NO. 30. Comparative Revenue Analysis of Human Machine Interface Market for Healthcare, By Country, 2020 & 2028
FIG NO. 31. Global Human Machine Interface Market for Automobiles, Revenue (USD Billion) 2016 – 2028
FIG NO. 32. Comparative Revenue Analysis of Human Machine Interface Market for Automobiles, By Country, 2020 & 2028
FIG NO. 33. Global Human Machine Interface Market for Aerospace and Defense, Revenue (USD Billion) 2016 – 2028
FIG NO. 34. Comparative Revenue Analysis of Human Machine Interface Market for Aerospace and Defense, By Country, 2020 & 2028
FIG NO. 35. Global Human Machine Interface Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 36. Comparative Revenue Analysis of Human Machine Interface Market for Others, By Country, 2020 & 2028
FIG NO. 37. Global Human Machine Interface Market Revenue Share, By Region, 2020 & 2028
FIG NO. 38. North America Human Machine Interface Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 39. Porter’s Five Forces Analysis for Global Human Machine Interface Market
FIG NO. 40. PEST Analysis for Global Human Machine Interface Market
FIG NO. 41. Pricing Analysis for Global Human Machine Interface Market
FIG NO. 42. Value Chain Analysis for Global Human Machine Interface Market
FIG NO. 43. Company Share Analysis, 2019
FIG NO. 44. Radar Determinant Chart, 2019
FIG NO. 45. Company Strategic Developments – Heat Map Analysis
FIG NO. 46. Honeywell International Inc. Business Segment Revenue Share, 2020 (%)
FIG NO. 47. Honeywell International Inc. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 48. Market Channels
FIG NO. 49. Marketing Channel Development Trend
FIG NO. 50. Growth in World Gross Product, 2008-2018
FIG NO. 51. Research Methodology – Detailed View
FIG NO. 52. Research Methodology
List of Tables
TABLE NO. 1. Global Human Machine Interface Market: Snapshot
TABLE NO. 2. Quarterly Human Machine Interface Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Human Machine Interface Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global Human Machine Interface Market for Hardware, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Human Machine Interface Market for Software, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Human Machine Interface Market for Stand-Alone HMI, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Human Machine Interface Market for Embedded HMI, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Human Machine Interface Market for Energy and Power, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Human Machine Interface Market for Oil and Gas, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global Human Machine Interface Market for Healthcare, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Human Machine Interface Market for Automobiles, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. Global Human Machine Interface Market for Aerospace and Defense, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 15. Global Human Machine Interface Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 16. G6obal Human Machine Interface Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 17. North America Human Machine Interface Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 18. North America Human Machine Interface Market Revenue, By Component, 2016 – 2028 (USD Billion)
TABLE NO. 19. North America Human Machine Interface Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 20. North America Human Machine Interface Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 21. U.S. Human Machine Interface Market Revenue, By Component, 2016 – 2028 (USD Billion)
TABLE NO. 22. U.S. Human Machine Interface Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 23. U.S. Human Machine Interface Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 24. Canada Human Machine Interface Market Revenue, By Component, 2016 – 2028 (USD Billion)
TABLE NO. 25. Canada Human Machine Interface Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 26. Canada Human Machine Interface Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 27. Mexico Human Machine Interface Market Revenue, By Component, 2016 – 2028 (USD Billion)
TABLE NO. 28. Mexico Human Machine Interface Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 29. Mexico Human Machine Interface Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 30. Drivers for the Human Machine Interface Market: Impact Analysis
TABLE NO. 31. Restraints for the Human Machine Interface Market: Impact Analysis
TABLE NO. 32. Major Buyers of Human Machine Interface
TABLE NO. 33. Distributors/Traders List of Human Machine Interface
TABLE NO. 34. Global Human Machine Interface Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 35. Global Human Machine Interface Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)
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.
Primary Research
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
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.
Models
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.
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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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