Global Human Machine Interface Market By Product (Hardware, Software), By Configuration (Embedded HMI, Standalone HMI), By Deployment Mode (On-Premise, Cloud), End-User Industry (Automotive, Food & Beverage, Packaging, Pharmaceutical, Oil & Gas, Metal & Mining, Other End-User Industries), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032
- Published date: Oct. 2023
- Report ID: 57603
- Number of Pages: 285
- Format:
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Report Overview
The Global Human Machine Interface Market size is expected to be worth around USD 10.7 Billion by 2032 from USD 4.8 Billion in 2022, growing at a CAGR of 8.6% during the forecast period from 2023 to 2032.
A human machine interface is an electrical device component that allows the user to communicate easily and interact with the machine or system. Human machine interface consists of many hardware as well as software components that convert human inputs into signals that the machine utilizes to get results. Information is transmitted using devices such as motion sensors, peripheral devices, speech-recognition interfaces through sound, heat, sight, and touch. Customer efficiency, satisfaction, and comfort are also improved, which is helpful in reducing errors.
The rise in industrial automation fuels this market growth. In the development of products and services to reduce human interaction, control automation devices and industrial factories are used. This gradually reduces labor as well as production costs which increases the production output. The increasing need for monitoring the production plants in many industries, such as mining, automotive, and oil and gas, significantly increases the demand for human machine interface market. These factors fuel the growth of human machine interface market.
Note: Actual Numbers Might Vary In Final Report
Key Takeaways
- The human machine interface market is expected to grow at a CAGR of 8.6% from 2023 to 2032.
- The hardware segment leads with 51.6% of the revenue share, followed by the software segment.
- Embedded HMIs dominate with a revenue share of 58.3%, indicating the trend toward integrated systems in various industries.
- The integration of Industrial Internet of Things (IIoT) can revolutionize HMIs by making them more efficient and providing real-time analytics.
- North America hold the largest market share of 33% due to early technology adoption, while the Asia-Pacific region shows significant growth potential due to increasing industrialization.
- The pandemic led to a negative impact, particularly affecting manufacturing and automotive sectors. However, recovery is seen in the post-COVID period.
- The complexity of implementing HMI systems, including consultation, integration, and running costs, serves as a barrier to entry for some companies.
- With numerous local and global players like Rockwell Automation, ABB, and Siemens, competition is intense.
Product Analysis
Based on product, the market for human machine interface is segmented into hardware and software. Among these types, the hardware segment is the most lucrative in the global human machine interface market, with a revenue share of 51.6% during the forecast period. They give thorough information to machine operators, send the statistical analysis of throughput to plant supervisors and workers using a single running machine cycle, replace printed paper charts on facility bulletin boards and give plant managers remote access to global data through smartphones and mobile devices.
Many human machine interfaces filter data prior to sending it to the final destination and permitted audience, replace printed paper charts on facility bulletin boards, and give plant managers remote access to global data through smartphones and mobile devices. Many human machine interfaces filter data prior to sending it to the final destination and permitted audience.
Configuration Analysis
By configuration, the market is divided into Embedded Human machine interface and Standalone Human Machine Interface. The embedded Human machine interface segment dominates the market with a revenue share of almost 58.0% during the forecast period. The increasing requirement for integrated systems and the simplicity of machine-to-machine communication, it is specifically useful for machine manufacturers who seem to provide entire packages to customers without having to set up and integrate a separate system. Embedded human machine interfaces enable the development of software for a variety of devices with varying features.
Note: Actual Numbers Might Vary In Final Report
Deployment Mode Analysis
The global Human-Machine Interface (HMI) market is experiencing a period of significant growth and transformation, heavily influenced by the shift towards Industry 4.0 and the Internet of Things (IoT). The traditional on-premise deployment still dominates in industries where data security is a major concern, such as the healthcare sector, critical infrastructure, and financial services. On-premise solutions offer robust control and reduced latency, which is beneficial for real-time applications. However, the initial setup costs and ongoing maintenance can be expensive. On the other hand, cloud-based deployment is gaining traction due to its scalability, cost-effectiveness, and the ability to integrate with other cloud services easily.
This mode is particularly beneficial for small and medium enterprises that may not have the resources for an extensive on-premise setup. The cloud model also supports better data analytics and remote monitoring, which is crucial in a globalized business landscape. Nonetheless, concerns regarding data privacy and security do limit the widespread adoption of cloud-based HMIs. As the market evolves, a hybrid model that combines the strengths of both on-premise and cloud deployments may emerge as a practical solution for varied needs. Therefore, the choice of deployment mode remains a strategic decision, influenced by factors like data sensitivity, resource availability, and specific industry requirements.
End-User Industry Analysis
Based on End-User Industry, the market for human machine interface is segmented into Automotive, Food & Beverage, Packaging, Pharmaceutical, Oil & Gas, Metal & Mining, and Other End-User Industries. Human machine interface terminals are significantly used in the manufacturing industry for automation for improving overall plant management by communication improvement between user and machine, offering warnings and alarms, and cost reduction. Rapid industrialization in many emerging economies like India and China is a key factor for future market growth. Other End-User industries included are oil & gas, food & beverages, and packaging. The rise in shale oil extraction in North America may significantly surge the need for industrial automation. In automobiles, by using advanced technology, the car dashboard layout has been transformed into a more flexible, dynamic, and adaptable design. Safety risks are improved by standalone systems.
Key Market Segments
Based On Product
- Hardware
- Software
By Configuration
- Embedded HMI
- Standalone HMI
By Deployment Mode
- On-Premise
- Cloud
End-User Industry
- Automotive
- Food & Beverage
- Packaging
- Pharmaceutical
- Oil & Gas
- Metal & Mining
- Other End-User Industries
Drivers
Automation enables various advantages like enhanced productivity, uniformity, increased safety, superior quality, minimized operating costs, and improved accuracy. Thus, it is an integral part of the modern industrial sector. There is an increase in productivity, quality, and mobility of plant assets due to the integration of advanced human machine interface automation equipment. The use of industrial automation equipment like human machine interface, smart equipment, and field devices has increased significantly among manufacturers from numerous industries like food & beverages, oil & gas, mining, automotive, etc.
Restraints
The installation expenses of human machine interface systems are high; this serves as a major restraint factor of human machine interface market. The high installation expenses of human machine interface are due to the participation of various stages, like consultation, implementation, running costs, and acquisition, which leads to an increase in expenses in installing company. The adoption of advanced industrial automation equipment is due to the introduction of smart manufacturing equipment like industrial robots and smart field devices. For communication with such types of equipment, an advanced human machine interface is needed with multi-touch, latest functional technologies like voice recognition and gesture recognition screen that increase the cost of the system.
Opportunity
Various industrial operations, including manufacturing, are transformed by IoT. Industrial IoT is termed the application of IoT across manufacturing industries. Manufacturing plants are revolutionized by connecting a wide network of intelligent devices with the help of SCADA systems. Thus, a fully digital plant is established. IIoT leads to efficient industrial processes, innovation, and productivity; the architecture gives information about operational and business systems on a real-time basis. The manufacturers are benefited from increased and efficient productivity through automation, connectivity, and analytics. IIoT gives complete visibility of assets, resources, procedures, and products to plant managers.
Trends
Bioacoustic Sensing
Bioacoustic sensing is the use of digital technology to record and analyze sounds. Listening is one of the most important methods in bioacoustics. By programming the HMI in accordance with sound, the Human Machine Interface can be incorporated with bioacoustics. For example, if the equipment used is broken and generates a unique sound, the operator is immediately informed. This avoids delays and provides faster action time. For example, Skinput is an input technology that utilizes bioacoustics sensing to understand finger taps on the skin; a user interface on the skin for direct manipulation is provided by this device. The same technology can be made for HMI in industries where a physical control panel is not required, but a virtual control panel is displayed on the operator & rsquo skin that can be assessed from any location.
Augmented Reality
The implementation and adoption of augmented reality is growing. The combination of HMI and augmented reality help to see accurate details related to any context, receive guidance on operation on-site and provide on-spot solutions while troubleshooting. Quick decisions can be taken immediately by connecting the operator to the control system without trying to reach their workstation. Augmented reality increases the use of human machine interface in industries.
Regional Analysis
North America segment dominated the market by 33% due to early technology adoption. Also, an increase in automation projects drives the market. Asia Pacific region is expected to be the second largest growing region due to growing industrialization. The availability of raw materials and low cost for labor management catalyze regional demand.
Note: Actual Numbers Might Vary In Final Report
Key Regions and Countries Covered in this Report:
- North America
- The US
- Canada
- Mexico
- Western Europe
- Germany
- France
- The UK
- Spain
- Italy
- Portugal
- Ireland
- Austria
- Switzerland
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- The Czech Republic
- Greece
- Rest of Eastern Europe
- APAC
- China
- Japan
- South Korea
- India
- Australia & New Zealand
- Indonesia
- Malaysia
- Philippines
- Singapore
- Thailand
- Vietnam
- Rest of APAC
- Latin America
- Brazil
- Colombia
- Chile
- Argentina
- Costa Rica
- Rest of Latin America
- Middle East & Africa
- Algeria
- Egypt
- Israel
- Kuwait
- Nigeria
- Saudi Arabia
- South Africa
- Turkey
- United Arab Emirates
- Rest of MEA
Emerging key players are focused on a variety of strategic policies to develop their respective businesses in foreign markets. Several human machine interface market companies are concentrating on expanding their existing operations and R&D facilities. Furthermore, businesses in the human machine interface market are developing new products and portfolio expansion strategies through investments and mergers, and acquisitions. In addition, several key players are now focusing on different marketing strategies which is boosting the target product growth.
Market Key Players
With the presence of many local and regional players, the market for Human machine interface is fragmented. Market players are subject to intense competition from top market players, particularly those with strong brand recognition and high distribution networks. To stay on top of the market, companies have gained various expansion strategies such as partnerships and product launches.
The following are some of the major players in the Global Human Machine Interface Market industry:
- Rockwell Automation Inc.
- ABB
- General Electric
- Mitsubishi Electric Corporation
- Schneider Electric SE
- Jabil Inc.
- Siemens AG
- Honeywell International Inc.
- Advantech Co. Ltd
- Emerson Electric Co.
- Omron Corporation
- Eaton Corporation PLC
- Beckhoff Automation
- Other Key Players
Recent Developments
- In November 2022: A simple and humanized design for overhead systems featured for Innovative Upper Trim concept was introduced by Grupo Antolin, a global supplier of technological solutions for car interiors. The company revealed it as the second of a series of new Grupo Antolin concepts with a precise and single motive to embrace future mobility through innovation.
- In December 2022: A new service in all vehicles with BMW operating systems 7 & 8 was announced by Parkopedia, which enables drivers to pay effortlessly for parking in Germany and Austria. Also, the company has planned for future expansion in other European countries in 2023.
Report Scope
Report Features Description Market Value (2022) US$ 4.8 Bn Forecast Revenue (2032) US$ 10.7 Bn CAGR (2023-2032) 8.6% Base Year for Estimation 2022 Historic Period 2016-2022 Forecast Period 2023-2032 Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments Segments Covered By Product- Hardware, Software; By Configuration- Embedded HMI, Standalone HMI; By Deployment Mode- On-Premise, Cloud; End-User Industry- Automotive, Food & Beverage, Packaging, Pharmaceutical, Oil & Gas, Metal & Mining, Other End-User Industries Regional Analysis North America – The US, Canada, & Mexico; Western Europe – Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, & Rest of Western Europe; Eastern Europe – Russia, Poland, The Czech Republic, Greece, & Rest of Eastern Europe; APAC – China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, & Rest of APAC; Latin America – Brazil, Colombia, Chile, Argentina, Costa Rica, & Rest of Latin America; the Middle East & Africa – Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, & Rest of MEA Competitive Landscape Rockwell Automation, Inc., ABB, General Electric, Mitsubishi Electric Corporation, Schneider Electric SE, Jabil Inc., Siemens AG, Honeywell International Inc., Advantech Co., Ltd, Emerson Electric Co., Omron Corporation, Eaton Corporation PLC, Beckhoff Automation, and Other Key Players Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements. Purchase Options We have three licenses to opt for Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF) Frequently Asked Questions (FAQ)
What is Human Machine Interface (HMI) Market ?Human Machine Interface (HMI) devices enable humans to interface with machines and processes more easily, providing humans with easy interaction between machines and processes and humans. HMIs are widely utilized across industries including manufacturing, power generation, oil & gas exploration & extraction as well as transportation.
What are the key components of an HMI system?An HMI system typically consists of hardware (screens and input devices) as well as software for programming and controlling operations as well as communication interfaces that connect machines or systems to one another.
What is the size of the Human Machine Interface Market?The Global Human Machine Interface Market size is expected to be worth around USD 10.7 Bn by 2032 from USD 4.8 Bn in 2022, growing at a CAGR of 8.6%.
What industries use HMI systems extensively?HMI systems are widely used in industries such as manufacturing, automotive, aerospace, healthcare, and process control. They are crucial for enhancing human-machine interaction and improving operational efficiency.
What are the latest trends in the HMI market?Recent trends in the HMI market include the adoption of advanced touchscreen technology, the integration of augmented reality (AR) and virtual reality (VR) into HMI systems, and the emphasis on cybersecurity in HMI design.
Human Machine Interface MarketPublished date: Oct. 2023add_shopping_cartBuy Now get_appDownload Sample - Rockwell Automation, Inc.
- ABB Ltd Company Profile
- General Electric
- Mitsubishi Electric Corporation Company Profile
- Schneider Electric SE. Company Profile
- Jabil Inc.
- Siemens AG
- Honeywell International Inc.
- Advantech Co., Ltd
- Emerson Electric Co. Company Profile
- Omron Corporation
- Eaton Corporation PLC
- Beckhoff Automation
- Other Key Players
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