Market Overview:

The global human machine interface market size reached US$ 4.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.9 Billion by 2027, exhibiting a growth rate (CAGR) of 7.79% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

IMARC Group’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:

IMARC Group 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 2022-2027. Our 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.

Report Coverage:

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?