The global human machine interfaces market was valued at USD 4.57 billion in 2022, which is anticipated to grow at a CAGR of 8.33% from 2023 to 2032. The manufacturing sector's increased use of industrial automation around the globe is the primary driver of the human machine interface market's expansion. Another reason propelling the human machine interface market's expansion is incorporating products with analytics software to improve output and standard. However, high installation costs are anticipated to be a barrier. From Light Emitting Diode indicators to fully functional touchscreens and graphic-oriented terminals, the HMI market has seen a variety of technological breakthroughs. WiFi and Bluetooth integration has also increased device mobility, anticipated to drive demand for human machine interfaces during the projected period.
A human machine interface (HMI) is part of an electronic device that enables user-friendly communication and interaction with a machine or system. Human inputs are transformed into signals that a machine may use to produce outcomes via various software and hardware components that form an HMI. Furthermore, it sends information via sound, sight, heat, and touch through motion sensors, peripheral devices, speech-recognition interfaces, and other devices. It enhances client satisfaction, effectiveness, and comfort while also reducing errors. The market for human machine interfaces is expanding due to increased industrial automation. Industrial facilities and control automation tools are used to minimize human involvement in creating services and products. As a result, labour and manufacturing expenses are decreased, helping to boost production output. The significant demand for human machine interaction is also driven by the rise in demand for monitoring production facilities across several industries, including mining, automotive, and oil and gas. The market for human-machine interfaces is expanding as a result of several factors. However, the market for human machine interfaces is constrained by the high installation costs of these systems. On the other hand, the rise in popularity of AR, VR, and multi-touch technologies is expected to open up the lucrative potential for expanding the market for human-machine interfaces.
A rise in industrial automation and demand for monitoring production facilities- The practice of using software and control systems to monitor and run independently as mechanized system solutions for manufacturing processes is called industrial automation. Industrial facilities and control automation tools are used to minimize human involvement in creating goods and services. In turn, this lowers labour and production expenses, raising production output. Human machine interface (HMI) is also a crucial component of industrial automation that helps to enhance industrial controls. Recent years have seen an increase in automation across various industries, including oil & gas, mining, petrochemicals, pharmaceuticals, packaging, and energy. The quality, productivity, and mobility of plant assets, including machinery and equipment, have significantly improved because cutting-edge HMI solutions and networking technology are integrated with different industrial automation systems. During the projected period, these factors are anticipated to propel industry expansion for global human-machine interfaces. HMI software is in high demand due to the need for improved manufacturing inspections across various industries, including mining, automotive, and oil & gas. A rise in demand for human interface systems is also projected due to expected improvements in quality and productivity enabled by the mixing of technological and logical software. The introduction of IIOT and HTML5 also fuels the rise of human machine interface operations. Additionally, these technologies give end users more ease and flexibility. According to projections, releasing the most recent software versions will enable optimal operation, visualization, and analysis of machinery and equipment across industries. In addition, there is an increase in the market for human-machine interfaces due to several problems, such as rigorous guidelines for adopting energy efficiency, workplace safety, and an increase in labour wages.
High costs- The high installation cost of a human machine interface system serves as a significant barrier to the market's expansion. The complexity of the HMI system's installation process, which includes consultation, purchase, implementation, and ongoing operating expenditures, contributes to its high installation cost. Additionally, installing and buying some cutting-edge technologies like multi-touch screens, laser key panels, voice recognition, and gesture recognition is expensive. The primary causes of these technologies' delayed adoption are their high installation costs and a shortage of experienced operators. During the projected period, these issues are expected to hamper market expansion. Despite HMI's many benefits, it still has several flaws that put users at risk of accidents and mental health issues. Furthermore, employing poor HMI systems might result in several accidents at work. In addition, if the information presented by systems is confusing and difficult to grasp, the machine operator may experience cognitive overload. Accidents can sometimes happen because of operational mistakes, such as failing to act on additional information from the interface and failing to run the machine properly. All these issues are anticipated throughout the forecast period to slow the global market for human machine interfaces.
Increased use of cutting-edge technologies and usage of mobile HMIs- The market is expanding due to the rising popularity of AR, VR, and multi-touch screens. Additionally, loT has altered how several businesses, including manufacturing, do their business. The human machine interface is also expected to cut operational costs by replacing different indicator lights, selectors, and push buttons and eliminating the need for extra connections and display panels. Managers can increase production by cutting startup time by implementing a configurable HMI facility. All of these elements are anticipated to offer attractive opportunities for the expansion of the market share for human machine interfaces. As connectivity becomes more and more crucial to industrial automation, mobile HMIs are becoming increasingly common. They enable workers to connect with data systems on the shop floor and retrieve machine information without returning to the control room or office. Mobile devices are additionally being utilized as an interface for IIoT systems, enabling machine parameters to be monitored and controlled wherever the device is situated. Modern HMIs also enable manufacturing facilities of all sizes to operate more efficiently because of their enhanced connection, faster performance, and operator-safety-enhancing user interfaces.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the most significant global human machine interfaces market, with a 36.04% market revenue share in 2022. The market expansion is anticipated to be fueled by increasing efforts made by major companies in this area to create next-generation HMI solutions.
The product type segment is divided into software, hardware, and services. The software segment dominated, with a market share of around 37.48% in 2022. HMI software can be used in any workplace that uses complex processes, machinery, industrial equipment, and robotics that need human operator control and supervision. This offers various advantages, including simplicity of use, increased effectiveness and productivity, improved employee safety, increased dependability, and cost savings, all of which are anticipated to fuel this market's revenue growth. Machine dependability is a significant issue for the owners and managers of any industrial location. Additionally, by giving real-time access to data obtained by internal sensors and cameras for machine monitoring, HMI software also functions as supervisory software, improving machine reliability.
The configuration segment is divided into standalone HMI and embedded HMI. The embedded HMI segment dominated the market, with a market share of around 60.35% in 2022. Embedded systems collaborate with larger equipment and devices to complete specific tasks. Advanced embedded human machine interaction solutions are responsible for a responsive and elegant user experience across various industries. Additionally, industrial systems frequently use embedded operating systems and embedded software to carry out specific monitoring and control tasks, and modern medical equipment uses a variety of embedded systems for sensors and control mechanisms, fueling the segment's revenue growth.
Report Description:
Attribute | Description |
---|---|
Market Size | Revenue (USD Billion) |
Market size value in 2022 | USD 4.57 Billion |
Market size value in 2032 | USD 10.17 Billion |
CAGR (2023 to 2032) | 8.33% |
Historical data | 2019-2021 |
Base Year | 2022 |
Forecast | 2023-2032 |
Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
Segments | Product Type, Configuration |
1. Introduction
1.1. Objective of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product Type
4.3.2. Market Attractiveness Analysis By Configuration
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Rise in industrial automation and demand for monitoring production facilities
5.3. Restraints
5.3.1. High costs
5.4. Opportunities
5.4.1. Increased use of cutting-edge technologies and usage of mobile HMIs
6. Global Human Machine Interfaces Market Analysis and Forecast, By Product Type
6.1. Segment Overview
6.2. Software
6.3. Hardware
6.4. Services
7. Global Human Machine Interfaces Market Analysis and Forecast, By Configuration
7.1. Segment Overview
7.2. Standalone HMI
7.3. Embedded HMI
8. Global Human Machine Interfaces Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global Human Machine Interfaces Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in the Human Machine Interfaces Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. Eaton Corporation
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Emerson Electric Co.
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Yokogawa Electric Corporation
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Mitsubishi Electric Corporation
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Schneider Electric SE
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. ABB Ltd.
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Honeywell International Inc.
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. American Industrial Systems Inc.
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Siemens AG
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Rockwell Automation Inc.
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Product Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
List of Table
1. Global Human Machine Interfaces Market, By Product Type, 2019-2032 (USD Billion)
2. Global Software, Human Machine Interfaces Market, By Region, 2019-2032 (USD Billion)
3. Global Hardware, Human Machine Interfaces Market, By Region, 2019-2032 (USD Billion)
4. Global Services, Human Machine Interfaces Market, By Region, 2019-2032 (USD Billion)
5. Global Human Machine Interfaces Market, By Configuration, 2019-2032 (USD Billion)
6. Global Standalone HMI, Human Machine Interfaces Market, By Region, 2019-2032 (USD Billion)
7. Global Embedded HMI, Human Machine Interfaces Market, By Region, 2019-2032 (USD Billion)
8. Global Human Machine Interfaces Market, By Region, 2019-2032 (USD Billion)
9. North America Human Machine Interfaces Market, By Product Type, 2019-2032 (USD Billion)
10. North America Human Machine Interfaces Market, By Configuration, 2019-2032 (USD Billion)
11. U.S. Human Machine Interfaces Market, By Product Type, 2019-2032 (USD Billion)
12. U.S. Human Machine Interfaces Market, By Configuration, 2019-2032 (USD Billion)
13. Canada Human Machine Interfaces Market, By Product Type, 2019-2032 (USD Billion)
14. Canada Human Machine Interfaces Market, By Configuration, 2019-2032 (USD Billion)
15. Mexico Human Machine Interfaces Market, By Product Type, 2019-2032 (USD Billion)
16. Mexico Human Machine Interfaces Market, By Configuration, 2019-2032 (USD Billion)
17. Europe Human Machine Interfaces Market, By Product Type, 2019-2032 (USD Billion)
18. Europe Human Machine Interfaces Market, By Configuration, 2019-2032 (USD Billion)
19. Germany Human Machine Interfaces Market, By Product Type, 2019-2032 (USD Billion)
20. Germany Human Machine Interfaces Market, By Configuration, 2019-2032 (USD Billion)
21. France Human Machine Interfaces Market, By Product Type, 2019-2032 (USD Billion)
22. France Human Machine Interfaces Market, By Configuration, 2019-2032 (USD Billion)
23. U.K. Human Machine Interfaces Market, By Product Type, 2019-2032 (USD Billion)
24. U.K. Human Machine Interfaces Market, By Configuration, 2019-2032 (USD Billion)
25. Italy Human Machine Interfaces Market, By Product Type, 2019-2032 (USD Billion)
26. Italy Human Machine Interfaces Market, By Configuration, 2019-2032 (USD Billion)
27. Spain Human Machine Interfaces Market, By Product Type, 2019-2032 (USD Billion)
28. Spain Human Machine Interfaces Market, By Configuration, 2019-2032 (USD Billion)
29. Asia Pacific Human Machine Interfaces Market, By Product Type, 2019-2032 (USD Billion)
30. Asia Pacific Human Machine Interfaces Market, By Configuration, 2019-2032 (USD Billion)
31. Japan Human Machine Interfaces Market, By Product Type, 2019-2032 (USD Billion)
32. Japan Human Machine Interfaces Market, By Configuration, 2019-2032 (USD Billion)
33. China Human Machine Interfaces Market, By Product Type, 2019-2032 (USD Billion)
34. China Human Machine Interfaces Market, By Configuration, 2019-2032 (USD Billion)
35. India Human Machine Interfaces Market, By Product Type, 2019-2032 (USD Billion)
36. India Human Machine Interfaces Market, By Configuration, 2019-2032 (USD Billion)
37. South America Human Machine Interfaces Market, By Product Type, 2019-2032 (USD Billion)
38. South America Human Machine Interfaces Market, By Configuration, 2019-2032 (USD Billion)
39. Brazil Human Machine Interfaces Market, By Product Type, 2019-2032 (USD Billion)
40. Brazil Human Machine Interfaces Market, By Configuration, 2019-2032 (USD Billion)
41. Middle East and Africa Human Machine Interfaces Market, By Product Type, 2019-2032 (USD Billion)
42. Middle East and Africa Human Machine Interfaces Market, By Configuration, 2019-2032 (USD Billion)
43. UAE Human Machine Interfaces Market, By Product Type, 2019-2032 (USD Billion)
44. UAE Human Machine Interfaces Market, By Configuration, 2019-2032 (USD Billion)
45. South Africa Human Machine Interfaces Market, By Product Type, 2019-2032 (USD Billion)
46. South Africa Human Machine Interfaces Market, By Configuration, 2019-2032 (USD Billion)
List of Figures
1. Global Human Machine Interfaces Market Segmentation
2. Human Machine Interfaces Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Human Machine Interfaces Market Attractiveness Analysis By Product Type
9. Global Human Machine Interfaces Market Attractiveness Analysis By Configuration
10. Global Human Machine Interfaces Market Attractiveness Analysis By Region
11. Global Human Machine Interfaces Market: Dynamics
12. Global Human Machine Interfaces Market Share by Product Type (2023 & 2032)
13. Global Human Machine Interfaces Market Share by Configuration (2023 & 2032)
14. Global Human Machine Interfaces Market Share by Regions (2023 & 2032)
15. Global Human Machine Interfaces Market Share by Company (2022)
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