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The size of the global market for human-machine interfaces, which was estimated to be worth $5 billion in 2023, is expected to increase by 11.8% between 2023 and 2030 to reach $10.9 billion.
A human machine interface (HMI) is a part of an electronic equipment that makes it simple for a user to engage and communicate with a machine or system. The many hardware and software components that make up an HMI transform human inputs into signals that a computer may utilize to generate results. Additionally, information can be transmitted through sound, sight, heat, touch, and other senses using motion sensors, peripheral devices, speech-recognition interfaces, and other devices. Along with enhancing client pleasure, effectiveness, and comfort, it also helps to lower errors.
Growth in the human machine interface market is fueled by an increase in industrial automation. The execution of industrial factories and control automation tools is done to minimize human engagement in the creation of goods and services. This helps to boost production output by lowering labor expenses and production costs. The significant demand for human machine interaction is also driven by the rise in demand for monitoring production facilities across a variety of industries, including mining, the automobile, and oil and gas. These elements fuel the market for human-machine interfaces. However, the expensive expense of installing a human machine interface system limits the market's expansion for these devices. On the other hand, it is projected that the rising popularity of AR, VR, and multi-touch technologies would open up lucrative potential for the expansion of the market for human-machine interfaces.
The benefits of automation include better quality, uniformity, increased production, increased safety, increased accuracy, and reduced operational expenses. As a result, it has emerged as the most crucial component of the contemporary industrial sector. The quality, productivity, and mobility of plant assets have significantly improved thanks to the integration of cutting-edge HMI solutions and networking technology with different industrial automation systems. Therefore, manufacturers from a variety of industries, including food & beverage, oil & gas, metal & mining, automotive, semiconductor & electronics, and A&D, have adopted industrial automation equipment, such as human machine interface, field devices, and smart equipment, at a significant rate.
A significant barrier to industry expansion in price-sensitive regions like APAC and South America is the high installation cost of a human machine interface system. The inclusion of several stages, including consultation, acquisition, implementation, and running costs, that further raise the expense of the installing firm, is the cause of the high installation cost of the HMI system. The adoption of cutting-edge industrial automation machinery, such as smart field devices and industrial robots, is a result of the advent of smart manufacturing. The cost of the system is further increased by the necessity for more sophisticated HMIs equipped with the most recent functional technologies, including as speech recognition, gesture recognition, and multi-touch screens, to connect with this kind of machinery.
IoT has changed how many businesses, including manufacturing, operate. Industrial IoT (IIoT) refers to the use of IoT in manufacturing industries. By utilizing SCADA systems to connect a vast network of intelligent devices, it is changing manufacturing facilities. A fully digital plant is created as a result. Because the architecture offers information about operational and business systems in real-time, IIoT improves the efficiency, productivity, and innovation of industrial operations. Through connectivity, automation, and analytics, manufacturers who invest in IIoT profit from improved and effective productivity. Plant managers have total insight over all assets, resources, processes, and goods thanks to IIoT. Additionally, cloud technologies have given businesses new business capabilities and prospects. IoT adoption in manufacturing processes produces a lot of data that needs a location to be stored. Cloud computing is crucial in this situation. In order to avoid having to buy, set up, and operate separate data centers and networks, cloud computing makes use of the Internet's power.
The market is likely to grow as a result of a variety of features that are anticipated to benefit a facility in terms of security, operations, and production. These features include alarm warnings, safe messaging, and improved internal communications. By replacing conventional push buttons, indicator lights, and selectors, and by requiring fewer additional display panels and wires, the HMI is projected to cut operation costs while improving machine monitoring. Moreover, the Internet of Things (IoT) is a dominant trend, connecting both industrial and consumer goods. The expanding practice of protocol conversion for data transmission among all connected devices is also anticipated to support HMI market expansion. Major trends in the HMI market include the rapid adoption of industrial automation in the production process, the expansion of the use of mechanical development tools in the manufacturing industry, and the rise in demand for smart industrial solutions.
Report Coverage
Global Human Machine Interface research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Human Machine Interface report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Human Machine Interface competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Human Machine Interface market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Human Machine Interface market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Human Machine Interface market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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.), and Yokogawa Electric Corporation (Japan) among many others.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Human Machine Interface market based on the below-mentioned segments:
Global Human Machine Interface Market, By Offering
Hardware
Software
Global Human Machine Interface market, By Deployment Mode
On-Premise
Cloud
Global Human Machine Interface Market, By Industry Vertical
Oil and Gas
Food and Beverages
Chemicals
Pharmaceuticals
Metal and Mining
Automotive
Aerospace
Others
Global Human Machine Interface market, Regional Analysis
A human machine interface (HMI) is a part of an electronic equipment that makes it simple for a user to engage and communicate with a machine or system. The many hardware and software components that make up an HMI transform human inputs into signals that a computer may utilize to generate results. Additionally, information can be transmitted through sound, sight, heat, touch, and other senses using motion sensors, peripheral devices, speech-recognition interfaces, and other devices. Along with enhancing client pleasure, effectiveness, and comfort, it also helps to lower errors.
Growth in the human machine interface market is fueled by an increase in industrial automation. The execution of industrial factories and control automation tools is done to minimize human engagement in the creation of goods and services. This helps to boost production output by lowering labor expenses and production costs. The significant demand for human machine interaction is also driven by the rise in demand for monitoring production facilities across a variety of industries, including mining, the automobile, and oil and gas. These elements fuel the market for human-machine interfaces. However, the expensive expense of installing a human machine interface system limits the market's expansion for these devices. On the other hand, it is projected that the rising popularity of AR, VR, and multi-touch technologies would open up lucrative potential for the expansion of the market for human-machine interfaces.
The benefits of automation include better quality, uniformity, increased production, increased safety, increased accuracy, and reduced operational expenses. As a result, it has emerged as the most crucial component of the contemporary industrial sector. The quality, productivity, and mobility of plant assets have significantly improved thanks to the integration of cutting-edge HMI solutions and networking technology with different industrial automation systems. Therefore, manufacturers from a variety of industries, including food & beverage, oil & gas, metal & mining, automotive, semiconductor & electronics, and A&D, have adopted industrial automation equipment, such as human machine interface, field devices, and smart equipment, at a significant rate.
A significant barrier to industry expansion in price-sensitive regions like APAC and South America is the high installation cost of a human machine interface system. The inclusion of several stages, including consultation, acquisition, implementation, and running costs, that further raise the expense of the installing firm, is the cause of the high installation cost of the HMI system. The adoption of cutting-edge industrial automation machinery, such as smart field devices and industrial robots, is a result of the advent of smart manufacturing. The cost of the system is further increased by the necessity for more sophisticated HMIs equipped with the most recent functional technologies, including as speech recognition, gesture recognition, and multi-touch screens, to connect with this kind of machinery.
IoT has changed how many businesses, including manufacturing, operate. Industrial IoT (IIoT) refers to the use of IoT in manufacturing industries. By utilizing SCADA systems to connect a vast network of intelligent devices, it is changing manufacturing facilities. A fully digital plant is created as a result. Because the architecture offers information about operational and business systems in real-time, IIoT improves the efficiency, productivity, and innovation of industrial operations. Through connectivity, automation, and analytics, manufacturers who invest in IIoT profit from improved and effective productivity. Plant managers have total insight over all assets, resources, processes, and goods thanks to IIoT. Additionally, cloud technologies have given businesses new business capabilities and prospects. IoT adoption in manufacturing processes produces a lot of data that needs a location to be stored. Cloud computing is crucial in this situation. In order to avoid having to buy, set up, and operate separate data centers and networks, cloud computing makes use of the Internet's power.
The market is likely to grow as a result of a variety of features that are anticipated to benefit a facility in terms of security, operations, and production. These features include alarm warnings, safe messaging, and improved internal communications. By replacing conventional push buttons, indicator lights, and selectors, and by requiring fewer additional display panels and wires, the HMI is projected to cut operation costs while improving machine monitoring. Moreover, the Internet of Things (IoT) is a dominant trend, connecting both industrial and consumer goods. The expanding practice of protocol conversion for data transmission among all connected devices is also anticipated to support HMI market expansion. Major trends in the HMI market include the rapid adoption of industrial automation in the production process, the expansion of the use of mechanical development tools in the manufacturing industry, and the rise in demand for smart industrial solutions.
Report Coverage
Global Human Machine Interface research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Human Machine Interface report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Human Machine Interface competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Human Machine Interface market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | 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.), and Yokogawa Electric Corporation (Japan) among many others. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Human Machine Interface Market from 2021 to 2030.
- Market Forecast for Human Machine Interface Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Human Machine Interface competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Human Machine Interface
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Human Machine Interface market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Human Machine Interface market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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.), and Yokogawa Electric Corporation (Japan) among many others.
Primary Target Market
- Market Players of Human Machine Interface
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Human Machine Interface market based on the below-mentioned segments:
Global Human Machine Interface Market, By Offering
Hardware
Software
Global Human Machine Interface market, By Deployment Mode
On-Premise
Cloud
Global Human Machine Interface Market, By Industry Vertical
Oil and Gas
Food and Beverages
Chemicals
Pharmaceuticals
Metal and Mining
Automotive
Aerospace
Others
Global Human Machine Interface market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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