Global Human Machine Interface (HMI) Market – Industry Trends and Forecast to 2029

Human Machine Interface (HMI) Market Analysis and Size

Automation and integration of advanced technologies can truly revolutionize the industry. The human-machine interface can integrate technologies and generate results from motion sensors, peripheral devices, speech-recognition interfaces and other devices. This in turn can improve the user experience, enhance customer satisfaction and translate into greater productivity.

Global human machine interface (HMI) market was valued at USD 4.34 billion in 2021 and is expected to reach USD 8.10 billion by 2029, registering a CAGR of 8.12% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Human Machine Interface (HMI) Market Scope and Segmentation

Market Definition

Also known as computer-human interface, man-machine interface (MMI) or human-computer interface, human machine interface is a component of electronic devices that is used to establish a connection between the operator and the controller. The role of human machine interface is to allow efficient and effective communication between the user and the machine by translating the user inputs into signals for the machine to generate results.    

Human Machine Interface (HMI) Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Growing awareness about the benefits of technology

Rising awareness and knowledge about human machine interface such as safe messaging along with improved internal communications and alarm warnings will bolster the growth of the market. Further, the growing role of human machine interface in operations, security and production will yet again carve the way for market growth.

• Increased demand for high resolution

Rising demand and availability of high resolution displays in the developing and developed economies for analyzing the industrial process efficiently will widen the scope of growth to a great extent. Also, rising technological advancements in computer processors will further offer greater opportunities.

Furthermore, the factors such as rising urbanization, industrialization and growing number of automobile users globally have further contributed to the overall market expansion during the forecast period. Additionally, the evolution of the industrial internet of things (IIoT) and rising adoption of smart automation solutions are anticipated to drive the market's growth rate.

Opportunities

• Rising deployment of advanced technologies

Growing adoption of industrial automation in the manufacturing sector, surging deployment of combined of logical software with scientific tools and rising need of this technology in the production sector for enhancement of the plant administration will positively influence the market growth rate.  

• Increasing internet adoption

Growing access to high speed internet and improving internet infrastructure in the developing economies will yet again propel the market growth rate. Penetration of 4G and 5G internet services will widen the scope of growth and expansion globally.  

Restraints/Challenges

• High costs and investment

High deployment and maintenance costs of the technology will impede the growth rate. Also, rising safety and security issues will narrow down the scope of growth. The government's lack of standardization and regulations will yet again derail the market growth rate. 

• Lack of technical expertise

Dearth of expert knowledge and technical expertise especially in the developed and developing economies and lack of skilled professionals and awareness among management level individuals will create hurdles for the market in regards to the smooth growth in the market value. Further, lack of skilled professionals combined with low experience quotient will hamper the market growth rate.

This human machine interface (HMI) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the human machine interface (HMI) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Human Machine Interface (HMI) Market

The COVID-19 pandemic had a staggeringly negative impact on the market. Disruptions in the manufacturing industry as a result of lockdown and movement restrictions put a halt on the growth of the market. The automotive industry met a slump in terms of automobile production/ manufacturing and sales. The human machine interface market therefore incurred huge losses. However, post relaxations, the industry is scrutinizing ways to recover from the losses.

Recent Developments

• Rockwell Automation added ASEM, a HMI and IPC sector leader, to its control & visualisation portfolio in February 2020. Rockwell's control & visualisation hardware and software portfolio is anticipated to grow as a result of this acquisition, strengthening the business's capacity to offer integrated, high-performance automation solutions.
• In an effort to improve operators' access to real-time information, ABB redefined process control in September 2019 with the introduction of new generation HMIs. In order to display process information in its situational context for the first time, the business introduced a new edition of Minerals Process Control Library with a new visual control graphic interface.
• Mitsubishi Electric introduced an HMI for harsh situations in April 2019.

Human Machine Interface (HMI) Market Scope

The human machine interface (HMI) market is segmented on the basis of components, configuration type, end user industry, technology type and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Components

• Hardware
• Basic HMI
• Advanced Panel-Based HMI
• Advanced PC-Based HMI
• Software
• On-Premise HMI
• Advanced Panel-Based HMI
• Advanced PC-Based HMI
• Services

Configuration Type

• Standalone
• Embedded

End User Industry

• Process Industry
• Oil & Gas
• Food & Beverages
• Pharmaceuticals
• Chemicals
• Energy & Power
• Metals & Mining
• Others
• Discreet Industry
• Automotive
• Aerospace & Defence
• Packaging
• Semiconductor & electronics
• Medical Devices
• Others

Technology Type

• Motion HMI
• Bionic HMI
• Tactile HMI
• Acoustic HMI

Sales Channel

• Direct Sales Channel
• Indirect Sales Channel

Human Machine Interface (HMI) Market Regional Analysis/Insights

The human machine interface (HMI) market is analyzed and market size insights and trends are provided by country, components, configuration type, end user industry, technology type and sales channel as referenced above.

The countries covered in the human machine interface (HMI) market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates the human machine interface (HMI) market due to the increased investment on futuristic technologies and growing per capita income. Prevalence of advanced infrastructure in in the region is another important factor determining the dominance of this region.

Asia-Pacific region is showing a promising potential and is set to grow with the highest growth rate during the forecast period. This is because of the large number of car users in the region, expanding discretionary cash flow in end-use industries and growth of the manufacturing industry.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Human Machine Interface (HMI) Market Share Analysis

The human machine interface (HMI) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to human machine interface (HMI) market.

Some of the major players operating in the human machine interface (HMI) market are

• Beckhoff Automation (Germany)
• Beijer Electronics Group (Sweden)
• Eaton. (Ireland)
• Exor International (Italy)
• Kontron (Germany)
• OMRON Corporation (Japan)
• Red Lion (U.S.)
• Robert Bosch Gmbh (Japan)
• Texas Instruments Incorporated. (U.S.)
• Weintek Labs., Inc. (Taiwan)
• Rockwell Automation, Inc. (U.S.)
• Schneider Electric (France)
• ABB (Switzerland)
• Siemens (Germany)
• Mitsubishi Electric Corporation (Japan)
• Advantech Co., Ltd. (Taiwan)
• Emerson Electric Co. (U.S.)
• General Electric (U.S.)
• Honeywell International, Inc. (U.S.)
• Yokogawa Electric Corporation (Japan)

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