Market Research Future (MRFR) has published on the “Global Human Machine Interface (HMI) Market”
The Human Machine Interface (HMI) market is estimated to register a CAGR of 8.58% during the forecast period of 2024 to 2032. Market
MRFR recognizes the following companies as the key players in the global Human Machine Interface (HMI) market - Yokogawa Electric Corporation, Rockwell Automation, Inc., ABB, General Electric (GE), Mitsubishi Electric Corporation, Schneider Electric SE, Jabil Inc., Siemens AG, Honeywell International Inc., Advantech Co., Ltd, Emerson Electric Co, Omron Corporation, Eaton Corporation, Beckhoff Automation, and EXOR International and Other player
Human Machine Interface Market Highlights
The global Human Machine Interface (HMI) market is accounted for to register a CAGR of 8.58% during the forecast period and is estimated to reach USD 11015 million by 2032.
Human-machine interface (HMI) refers to a technology that provides a connection between the operator and controller in an industrial system. Industrial control systems (ICS) comprise of integrated hardware and software, designed to monitor and control the operation of machinery and related devices in an industrial environment. An HMI can range from a physical control panel with buttons and indicator lights to an industrial PC with a color graphics display running dedicated HMI software.
Segment Analysis
The global HMI market has been segmented based on component, technology type, configuration, and vertical.
Based on Component, the global Human Machine Interface (HMI) market is segmented into Hardware, Software, and Services. The Hardware segment held the majority share in 2022, contributing around ~51% to the market revenue.
Based on technology type, the global Human Machine Interface (HMI) is segmented into Motion HMI, Bionic HMI, Tactile HMI, and Acoustic HMI. The Motion HMI segment held the majority share in 2022 contributing around ~40% to the market revenue.
Based on configuration, the global Human Machine Interface (HMI) is segmented into Embedded HMI and Stand-alone HMI. The Embedded HMI segment claims the largest market share in the global Human Machine Interface (HMI) market.
Based on vertical, the global Human Machine Interface (HMI) is segmented into process industries and discrete industries. The process industries segment claims the largest market share in the global human machine interface (HMI) market.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Human Machine Interface Market Research Report
Regional Analysis
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World.
North America holds largest market share in the HMI market. Major contributors to this include the U.S. and other nations. Furthermore, it is also strong in automotive industry. Mexico, which produces over three million automobiles a year, is the sixth-largest global manufacturer of passenger vehicles, according to the International Trade Association (ITA). 80 percent of the cars made in Mexico are exported, with the remaining 19 percent going to other countries.
Compared to other regions, Asia-Pacific is anticipated to grow faster due to rising disposable income and population. China and Japan are regarded as the region's primary equipment manufacturing countries for the human interface machine. Manufacturing has also become one of India's high-growth industries. The "Make in India" project solidifies India's position as a manufacturing hub and raises the profile of the Indian economy. India's manufacturing sector is anticipated to exceed $1 trillion by 2025. By 2025, it is anticipated that India will rank among the world's top three manufacturing and growing economies. Rising R&D to provide cutting-edge HMI solutions in this region is anticipated to fuel market expansion. A Closed-Loop Human-Machine Interface (CL-HMI), for instance, was developed by Chinese researchers on January 8, 2022. It attaches flexible electronics to the user's skin and offers haptic feedback control of robots via Bluetooth, Wi-Fi, and the internet. Current HMIs are large, expensive, and only have limited uses.
Europe is third largest region in HMI market. The rise of the cognitive era and the increasing adoption of AI are to blame for the change of HMI across Europe, which is anticipated to open up new prospects for market expansion. Additionally, robot technologies are being adopted by European industry more and more to automate their current processes. Furthermore, Germany has the highest robot density level in Europe and ranks fourth globally, with 301 industrial robots per 10,000 employees.
Rest of the World region consists of Middle East and Africa and South America. Middle East and Africa market was growing due to the growing need to effectively monitor the production plants in numerous industries, including mining, automotive, oil, and gas. The manufacturing and processing sectors' increasing demand for cutting-edge technological solutions has fueled the HMI market. In addition, the expansion of applications across end-user sectors and demand for industrial automation drives the Latin American human machine interface market.
Key Findings of the Study
- The global Human Machine Interface (HMI) market is expected to reach USD 11015 million by 2032, at a CAGR of 8.58% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market, imperative factors, such as growing population and the available money.
- Based on component, the hardware segment was attributed to holding the largest market in 2022, with an approximate market share of 51 %.
- Yokogawa Electric Corporation, Rockwell Automation, Inc., ABB, General Electric (GE), Mitsubishi Electric Corporation, Schneider Electric SE, Jabil Inc., Siemens AG, Honeywell International Inc., Advantech Co., Ltd, Emerson Electric Co, Omron Corporation, Eaton Corporation, Beckhoff Automation, and EXOR International. and Others are the key market players.
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Companies Covered | 15 |
Pages | 188 |
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