Human Machine Interface Market by Component (Software, Hardware); by Configuration Type (Standalone, Embedded); by End User (Automotive, Semiconductor, Pharmaceutical, Oil & Gas, Food & Beverages, Aerospace & Defense); and by Region (North America, Europe, Asia Pacific, Latin America, MEA) - Global Forecasts 2022 to 2027

The global Human Machine Interface market gathered revenue around USD 6.9 billion in 2021 and market is set to grow USD 8.2 billion by the end of 2027 and is estimated to expand at a modest CAGR of 4.2% during the prediction period 2022 to 2027.

Human Machine Interface (HMI) is software that is used for the interface between the user and the machine or device that acts as an interface between the Programmable Logic Controller (PLC) and the operator. HMI is utilized in various industries such as pharmaceuticals, oil & gas, food & beverages and others to communicate between machinery and production plants. It provides a graph-based visualization of industrial control, monitoring system, and provides real-time data accumulations.

Global Human Machine Interface Market Dynamics:

The increasing trend of digitalization, coupled with the emergence Industrial Internet of Things (IIOT) is one of the important factors that drive the growth of human machine interface industry during the forecast period. The Industrial Internet of Things (IIOT) enables industries to conveniently use new software programs and allow optimal monitoring of machinery and equipment. For instance, according to secondary sources, by 2025, more than 75Bn of Internet of Things (IoT) connected device in use. Also, companies are increasingly focusing on generating customizable and useful interfaces that provide lucrative opportunities for the growth of the market. Moreover, the significant use of HMI in the automotive industry propels the demand for the human machine interface market.   

The report also provides an in-depth analysis of human machine interfaces market dynamics such as drivers, restraints, opportunities, and challenges:

Drivers

• Increasing adoption of industry 4.0
• Technological advancements such as AI and Machine Learning (ML)
• Increasing trends of Industrial Internet of Things (IIoT)

Restraints

• High installation cost

Opportunities

• The growing research and development activities

Challenges

• Inadequate HMI design

Report Coverage

Based on the component, the software segment in the human machine interface market is growing at the highest CAGR during the forecast period owing to the ability of HMI software to offer flexibility and reliability

Based on the component, the human machine interface industry has been segmented into software and hardware. The software segment of the human machine interface market is growing at the highest CAGR during the forecast period. The growth in the segment is attributed to the ability of HMI software to offer flexibility and reliability. HMI software is utilized to perform numerous types of functions such as alarms, control functions, and printing management reports. The programming software used is called proprietary software, wherein the software is provided by the manufacturer for rapid developments.

Based on the end user, the pharmaceutical segment is anticipated to witness the highest growth during the forecast period owing to the pharmaceutical process are very complex which require proper monitoring to achieve operational efficiency

Based on the end user, the human machine interface industry is segmented into automotive, semiconductor, pharmaceutical, oil & gas, food & beverages, and aerospace & defense. The pharmaceutical segment of human machine interface market is anticipated to witness the highest growth during the forecast period owing the pharmaceutical process is very complex which require proper monitoring to achieve operational efficiency. Moreover, advancement in the pharmaceuticals sector, such as biopharmaceuticals, encourages drug manufacturers to adopt advanced monitoring and controlling solutions to ensure quality, safety, and regulatory compliance. Thus, drive the demand of human machine interface in the pharmaceuticals industry.

Based on region, the Asia Pacific is expected to grow at the highest CAGR during the forecast period

Asia Pacific is expected to grow at the highest CAGR during the forecast period. The growth in the region is attributed to the rise in disposable income and increase in the population. The countries like China and Japan in the region are considered to be the manufacturing hubs of the piece of the equipment required for the human machine interface. Moreover, India has emerged as the fastest-growing manufacturing sector. The various government initiatives in India such as “Make in India” offers exceptional recognition to the Indian economies. For instance, according to the report published by the Indian Brand Equity Foundation (IBEF) in 2021, India's manufacturing sector is expected to reach USD 1 trillion by 2025. Therefore, these facts support the growth of the human machine interface market during the forecast period.  

Some of the prominent players in the Human Machine Interface Market include:

• Rockwell Automation, Inc.
• Siemens
• Kontron
• Emerson Electric Co.
• ABB
• Mitsubishi Electric Corporation
• Honeywell International Inc.
• GENERAL ELECTRIC
• Schneider Electric
• Yokogawa Electric Corporation
• Eaton
• Advantech Co., Ltd.
• OMRON Corporation
• Elektrobit
• Danaher

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:

By Component

• Software
• Hardware

By Configuration Type

• Standalone
• Embedded

By End User

• Automotive
• Semiconductor
• Pharmaceutical
• Oil & Gas
• Food & Beverages
• Aerospace & Defense

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

COVID-19 Impact on the Human Machine Interface Market Analysis:

The outbreak of COVID-19 is anticipated to impact the global industrial spending significantly over the coming years, as the non-operational status of numerous industries deemed non-essential by governments across the globe is facing huge losses, which is anticipated to impact their tech spending till the end of 2021. The automotive industry, which was formerly facing a depression in sales during 2019, is anticipated to observe a continued drop in sales until the end of 2020. This is anticipated to significantly impact the product installations spending on technological upgrades involving HMI to enhance the production capacities.

*Note: A detailed analysis is specific to the human machine interface market will be provided in the report.

The report also provides an in-depth analysis of key trends in the human machine interface market:

• The increasing adoption of Human Machine Interface (HMI) in the manufacturing industry. The growing competition and the necessity to contain costs are forcing industries to achieve zero-defect production. This requires a more reliable and accurate quality control system, that guarantees the compliance of each piece including the integration of innovative technologies such as artificial vision, which will enable HMI devices to automatically perform control, measurement and classification functions.
• The advent of industry 4.0 accelerate the growth of the HMI because companies need technological solutions that simplify the interaction between men and machine to increase productivity, cut resources, and time waste.

The report also provides an in-depth analysis of recent news developments and investments:

• In February 2020, Rockwell Automation, Inc. (US) has signed an agreement to acquire Italy-based ASEM, S.p.A., which engages in the development of digital automation technologies. ASEM offers an extensive range of Human-Machine Interface (HMI) hardware and software, remote access capabilities, and stable Industrial IoT gateway solutions.  
• In February 2020, ABB Power Grids (Switzerland) has introduced the advent of MicroSCADA X, the industry-acclaimed power and automation management solution, to clients in India. The new edition offers a unified experience, giving utilities and businesses one vision in their power networks. MicroSCADA X capabilities a next-generation Human Machine Interface (HMI), allowing an intuitive and adaptive experience that gives clear and simplified insights into clients’ power infrastructure.

Key Points Covered in Human Machine Interface Market Study:

• Growth of Human Machine Interface in 2021
• Market Estimates and Forecasts (2017-2027)
•  Brand Share and Market Share Analysis
•  Key Drivers and Restraints Shaping Market Growth
•  Segment-wise, Country-wise, and Region-wise Analysis
•  Competition Mapping and Benchmarking
•  Recommendation on Key Winning Strategies
•  COVID-19 Impact on Demand for Human Machine Interface and How to Navigate
•  Key Product Innovations and Regulatory Climate
•  Human Machine Interface Consumption Analysis
•  Human Machine Interface Production Analysis
•  Human Machine Interface and Management