Quick Summary:
In the dynamic global landscape of the human machine interface (HMI) market, a comprehensive understanding of the market’s trajectory is essential for every business executive. An HMI is an integral component in electronic devices, enabling streamlined communication between users and machines. Its growing indispensability stems from its role in reducing errors, enhancing productivity, and relieving task saturation for users. Its applicability spans various industries including electronics, entertainment, medical, and military sectors, hence underscoring its widespread demand.
The market's expansion is largely spurred by the rising digitalization trend and the advent of HTML5 and Industrial Internet of Things (IIOT). These innovations revolutionize user interaction with software and equipment monitoring across industry verticals. It is also propelled by an increasing predilection for multi-touch screens and AR/VR gadgets. Moreover, HMIs are credited for reducing operating costs by replacing traditional indicators and controls. With value chain analysis, industry performance overviews, in-depth trend insights, and more, the market research report is an indispensable tool for players in the HMI market space. This report will be a valuable resource for industry players, investors, researchers, consultants, and business strategists navigating the global human machine interface market.
The global human machine interface market size reached US$ 4.8 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 7.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.
A human machine interface (HMI) is a component in electronic devices that allows the user to communicate and interact with the machine or the system efficiently. It is also referred as computer-human interface, man-machine interface (MMI) or human-computer interface. HMI consists of various hardware and software components that translate user inputs into signals for the machine to generate results. It incorporates motion sensors, peripheral devices, speech-recognition interfaces and other devices through which information is shared using sound, sight, heat and touch. It assists in error reduction, increasing user satisfaction, efficiency and comfort. It also enhances overall productivity by reducing task saturation and physical and mental stress for the user. As a result, the technology is finding extensive applicability in the electronics, entertainment, medical and military sectors to integrate humans into intricate mechanical systems.
The rising trend of digitalization, along with the introduction of HTML5 and Industrial Internet of Things (IIOT), are the key factors driving the growth of the market. HTML5 and IIOT enable end users to conveniently use new software programs and allow optimal monitoring of machinery and equipment across industries. Also, enterprises are increasingly focusing on generating customizable and useful interfaces to create more lucrative opportunities in the market. Additionally, there is an increasing preference for multi-touch screens and gadgets for augmented and virtual reality (AR/VR), which is also driving the market further. Moreover, benefits such as the reduction in operating costs by substituting indicator lights, push buttons, selectors and replacing them with minimalistic tools and control features have increased the adoption of HMI systems across the globe.
The publisher's latest report provides a deep insight into the global human machine interface market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global human machine interface market in any manner.
A human machine interface (HMI) is a component in electronic devices that allows the user to communicate and interact with the machine or the system efficiently. It is also referred as computer-human interface, man-machine interface (MMI) or human-computer interface. HMI consists of various hardware and software components that translate user inputs into signals for the machine to generate results. It incorporates motion sensors, peripheral devices, speech-recognition interfaces and other devices through which information is shared using sound, sight, heat and touch. It assists in error reduction, increasing user satisfaction, efficiency and comfort. It also enhances overall productivity by reducing task saturation and physical and mental stress for the user. As a result, the technology is finding extensive applicability in the electronics, entertainment, medical and military sectors to integrate humans into intricate mechanical systems.
The rising trend of digitalization, along with the introduction of HTML5 and Industrial Internet of Things (IIOT), are the key factors driving the growth of the market. HTML5 and IIOT enable end users to conveniently use new software programs and allow optimal monitoring of machinery and equipment across industries. Also, enterprises are increasingly focusing on generating customizable and useful interfaces to create more lucrative opportunities in the market. Additionally, there is an increasing preference for multi-touch screens and gadgets for augmented and virtual reality (AR/VR), which is also driving the market further. Moreover, benefits such as the reduction in operating costs by substituting indicator lights, push buttons, selectors and replacing them with minimalistic tools and control features have increased the adoption of HMI systems across the globe.
The publisher's latest report provides a deep insight into the global human machine interface market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global human machine interface market in any manner.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global human machine interface market report, along with forecasts at the global and regional level from 2023-2028. The report has categorized the market based on component, configuration, technology type and end use industry.Breakup by Component:
- Hardware
- Basic HMI
- Advanced Panel-Based HMI
- Advanced PC-Based HMI
- Software
- On-Premise HMI
- Advanced Panel-Based HMI
- Advanced PC-Based HMI
- Services
Breakup by Configuration:
- Embedded
- Standalone
Breakup by Technology Type:
- Motion HMI
- Bionic HMI
- Tactile HMI
- Optical HMI
- Acoustic HMI
Breakup by End Use Industry:
- Packaging
- Food and Beverage
- Automotive
- Pharmaceuticals
- Utilities
- Metals and Mining
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being ABB Asea Brown Boveri Ltd, Mitsubishi Electric Corporation, Honeywell International Inc, Rockwell Automation, Schneider Electric SE, Siemens AG, General Electric Company, Robert Bosch GmbH, Kontron S&T AG, Yokogawa India Ltd., Advantech Co. Ltd., Texas Instruments Incorporated, Eaton Corporation, etc.Key Questions Answered in This Report:
- How has the global human machine interface market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global human machine interface industry?
- What has been the impact of COVID-19 on the global human machine interface industry?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the configuration?
- What is the breakup of the market based on the technology type?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the global human machine interface industry?
- What are the key driving factors and challenges in the global human machine interface industry?
- What is the structure of the global human machine interface industry and who are the key players?
- What is the degree of competition in the global human machine interface industry?
Frequently Asked Questions about the Global Human Machine Interface Market
What is the estimated value of the Global Human Machine Interface Market?
What is the growth rate of the Global Human Machine Interface Market?
What is the forecasted size of the Global Human Machine Interface Market?
Who are the key companies in the Global Human Machine Interface Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 141 |
| Published | September 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 4.8 Billion |
| Forecasted Market Value ( USD | $ 7.4 Billion |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis
2 Scope and Methodology
4 Introduction
5 Global Human Machine Interface Market
6 Market Breakup by Component
7 Market Breakup by Configuration
8 Market Breakup by Technology Type
9 Market Breakup by End Use Industry
10 Market Breakup by Region
11 SWOT Analysis
13 Porter’s Five Forces Analysis
14 Competitive Landscape
Companies Mentioned
- ABB Asea Brown Boveri Ltd
- Mitsubishi Electric Corporation
- Honeywell International Inc
- Rockwell Automation
- Schneider Electric SE
- Siemens AG
- General Electric Company
- Robert Bosch GmbH
- Kontron S&T AG
- Yokogawa India Ltd.
- Advantech Co. Ltd.
- Texas Instruments Incorporated
- Eaton Corporation
Methodology
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