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Human Machine Interface (HMI) Solutions - Global Strategic Business Report

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    Report

  • 733 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 3345941

Global Human Machine Interface (HMI) Solutions Market to Reach $11.6 Billion by 2030

The global market for Human Machine Interface (HMI) Solutions estimated at US$6.6 Billion in the year 2023, is projected to reach a revised size of US$11.6 Billion by 2030, growing at a CAGR of 7.4% over the analysis period 2023-2030.

Display Terminals, one of the segments analyzed in the report, is projected to record 7.1% CAGR and reach US$3.5 Billion by the end of the analysis period. Growth in the Interface Software segment is estimated at 8.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 9.1% CAGR

The Human Machine Interface (HMI) Solutions market in the U.S. is estimated at US$1.8 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2030 trailing a CAGR of 9.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6% and 7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR.

Exciting New Report Features

  • Full access to influencer engagement stats
  • Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
  • Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
  • Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

What to Expect from the Global Economy in 2024

Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

Select Competitors (Total 97 Featured)

  • Denso Corporation
  • Omron Corporation
  • Cypress Semiconductor Corporation
  • Continental AG
  • Microchip Technology, Inc.
  • Alps Alpine Co., Ltd.
  • Honeywell Process Solutions (HPS)
  • Larsen & Toubro Ltd.
  • NEXCOM International Co., Ltd.
  • Bosch Group
  • Gefran SpA
  • Beijer Electronics, Inc.
  • Aveva Group PLC
  • Maple Systems, Inc.
  • Material Handling Systems, Inc. (MHS)

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • In This Age of Digitalization, HMI Acquires New Significance
  • A Universal Feature for all Electronic & Digital Devices, HMI to Benefit from the Growing Momentum of Digital Transformation of Businesses: Global Digital Transformation Opportunity (In US$ Billion) for the Years 2019, 2021 and 2023
  • Human Machine Interface (HMI) Solutions - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
2. FOCUS ON SELECT PLAYERS
  • ABB Limited (Switzerland)
  • Advantech Co., Ltd. (Taiwan)
  • American Industrial Systems, Inc. (USA)
  • Beijer Electronics, Inc. (Sweden)
  • Eaton Corporation Inc. (USA)
  • Emerson Electric Co. (USA)
  • Honeywell Process Solutions (USA)
  • Kontron S&T AG (Germany)
  • Mitsubishi Electric Corporation (Japan)
  • Omron Corporation (Japan)
  • Rockwell Automation, Inc. (USA)
  • Schneider Electric SE (France)
  • Siemens AG (Germany)
  • Yokogawa Electric Corp. (Japan)
3. MARKET TRENDS & DRIVERS
  • Autonomy-Connectivity-Electrification-Electronification Spur the Importance of Easy-to-Use HMI in the Automotive Industry
  • Digital HMI to Witness Strong Penetration in the Automotive Instrument Cluster Market Still Dominated by Analog HMI: Global Automotive Instrument Cluster Market (In US$ Billion) by Type for the Years 2019, 2021, 2023
  • As In-Vehicle Connectivity & the Resulting Information Overload Floods the Car, Driver Focused HMI Emerges into the Spotlight
  • As In-Vehicle Connectivity Solutions Grow in Commercial Value, HMI Becomes a Key Engineering Essential Vital for the Successful Design of Safe Connected Cars: Global OEM Connected Car Solutions for Passenger Cars (In 000 Units) by Type for the Years 2018, 2020 and 2024
  • Digital Transformation in the Oil & Gas Industry Spurs Demand for Advanced Panel HMI
  • Growing Importance of Digital Oilfield Accelerates HMI Demand
  • Active Integration of IIoT and M2M Communication in Oil & Gas Infrastructure Widens Opportunities
  • As Digital Technologies Penetrate the Oil & Gas Industry to Relieve Cost & Efficiency Pressures, HMI Draws Increased Interest: Global Spending on Digital Oilfield Technologies (In US$ Billion) for the Years 2019, 2021 and 2023
  • Strong Penetration of Industrial Automation Concept Spurs Growth of HMI
  • Unprecedented Rise in Investments on Industrial Automation Brings HMI into the Spotlight for Controlling & Monitoring Machines & Processes: Global Industrial Automation Market (In US$ Billion) for the Years 2019, 2022, 2024 & 2026
  • HMI Technologies Take Center Stage in Industrial Automation Ecosystem
  • PC-based HMI Remains Popular in Industrial Environments
  • Evolution of IoT Drives Robust Innovation in HMI Technology
  • Growing IoT Ecosystem Across Industries Bring the Value of Intuitive HMI Designs Into the Spotlight: Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025
  • Touchscreen Enhanced With Haptics & Ultra-Haptics: The Current Focus Area for Innovation
  • Haptics Facilitate Seamless Interaction with Virtual Models
  • UltraHaptics Bring In New Era of Touchless Screens
  • HD Haptics Emerge to Enhance User Experience
  • Rising Demand for Mobility and Efficiency: Strong Growth Driver for Mobile HMI Solutions
  • Multi-Modal HMI Gains in Popularity
  • Backlighting for HMI: “Light Guide Film Technology” in Focus
  • From Graphical User Interface to Natural Language User Interfaces, the Transition Has Begun
  • AR/VR Emerge as Attractive Technologies to Bridge the Current Human/Machine Gap
  • Augmented Reality Makes Inroads into the Automotive HMI Market with the Next Generation Automotive Grade Heads-Up Displays
  • AI Enabled HMI: From Science Fiction to Commercial Deployment
  • Intersection of Natural Language Processing (NLP) & Artificial Intelligence Marks the First Step Forward in Redefining HMI in the Age of Intelligence: Global AI in NLP (In US$ Billion) for the Years 2019, 2022 and 2024
  • Affective Computing: The Future of all Emotional Human-Machine Interactions
  • Developments in Affective Computing Bodes Well for the Development of Next Generation Futuristic Emotionally Aware HMI Solutions: Global Market for Affective Computing (In US$ Million) for the Years 2020, 2022 & 2024
  • Holographic HMI to Witness Strong Adoption in the Enterprise/Industrial Sector
  • As the World Moves to the 3rd Wave of Mobility Called Productive Mobility as Evidenced by the Explosion of BYOW, Holographic HMI & Wearable HMI Will Witness Robust Growth & Adoption: Global Market for Enterprise Wearables (In US$ Million) for the Years 2015, 2017, 2020 and 2025
  • Chat Bots & Digital Assistants: A New Paradigm in HMI Waiting to Disrupt the Market
  • Expanding Implementation of Conversational Bots Underlines the Unleashing of Conversational UX as the HMI of the Future: Global Chatbot Market (In US$ Million) for the Years 2020, 2023, 2026 and 2028
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Human Machine Interface (HMI) Solutions Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Human Machine Interface (HMI) Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Human Machine Interface (HMI) Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Human Machine Interface (HMI) Solutions by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Display Terminals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Display Terminals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for Display Terminals by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Interface Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Interface Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for Interface Software by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Industrial Pcs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Industrial Pcs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for Industrial Pcs by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Other Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Other Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for Other Products by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 19: World 16-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 21: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 22: World 16-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Food & Beverages by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Food & Beverages by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 25: World 16-Year Perspective for Food & Beverages by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 27: World Historic Review for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 28: World 16-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 29: World Recent Past, Current & Future Analysis for Packaging by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 30: World Historic Review for Packaging by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 31: World 16-Year Perspective for Packaging by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 32: World Recent Past, Current & Future Analysis for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 33: World Historic Review for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 34: World 16-Year Perspective for Aerospace & Defense by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 35: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 36: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 37: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Human Machine Interface (HMI) Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Human Machine Interface (HMI) Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Human Machine Interface (HMI) Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Human Machine Interface (HMI) Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Human Machine Interface (HMI) Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Human Machine Interface (HMI) Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Human Machine Interface (HMI) Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
REST OF EUROPE
ASIA-PACIFIC
  • Human Machine Interface (HMI) Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
REST OF WORLDIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Denso Corporation
  • Omron Corporation
  • Cypress Semiconductor Corporation
  • Continental AG
  • Microchip Technology, Inc.
  • Alps Alpine Co., Ltd.
  • Honeywell Process Solutions (HPS)
  • Larsen & Toubro Ltd.
  • NEXCOM International Co., Ltd.
  • Bosch Group
  • Gefran SpA
  • Beijer Electronics, Inc.
  • Aveva Group PLC
  • Maple Systems, Inc.
  • Material Handling Systems, Inc. (MHS)

Table Information