HMI Software Market

Deployment of hyper automation and digital transformation across core industries supports market growth.

The deployment of hyper automation across core industries can increase the demand for HMI software. This is because hyper automation involves the integration of multiple technologies, including artificial intelligence, machine learning, robotic process automation, and other automation tools, to create a highly automated and interconnected system.

In such systems, the HMI software plays a crucial role in providing a user-friendly interface for humans to interact with and control the automated processes. As the complexity and scale of hyper automation deployments increase, the demand for advanced HMI software also increases to ensure efficient and effective control of the automated systems.

Furthermore, with the increasing adoption of Industry 4.0 and the Industrial Internet of Things (IIoT), the demand for HMI software is expected to continue growing as more and more industries look to streamline their operations through automation and digitalization.

Some of the references to increasing digital transformation can also be seen in the below examples:

Government of India initiatives towards self-manufacturing units in semiconductors and electronics, e-health, Digital payments (BHIM), e-education (SWAYAM), digital farming, AADHAAR (citizen identification program), direct benefit transfer (DBT), and digitization of cyber and overall law process structuring due to COVID where all records are saved now digitally are the driving factor of digital transformation in India.

Furthermore, the Singapore government is also taking digital transformation initiatives by creating platforms to access more than 3,000 government datasets to citizens and launching 110 interactive smartphone applications to create awareness of government plans and initiatives.

Government inclination towards creating new digitized policies and adopting technologies proliferate the demand for digital transformation, especially in developing nations, is one of the key factors expected to fuel the growth of digital transformation in the coming years.

This growth of digital transformation will enhance the pathway for HMI software through the forecast period.

HMI Software Market Segment Insight

The Global HMI Software Market Industry experiences a notable surge in demand for automation across various sectors, including manufacturing, automotive, and energy. As industries strive for increased efficiency and reduced operational costs, the integration of HMI software becomes essential. For instance, the manufacturing sector is projected to witness a significant transformation, with automation technologies driving the market's growth. By 2024, the market is expected to reach 5.5 USD Billion, reflecting the industry's shift towards automated solutions. This trend indicates a growing reliance on HMI software to facilitate seamless human-machine interactions, thereby enhancing productivity and operational effectiveness.

By region, this market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. The Asia Pacific region dominates this market with a significant share of 34.9% in 2023 and is also estimated to witness commendable growth with a CAGR of 9.7% during the forecast period. China holds the largest market share in HMI Software market and is expected to dominate the market through the forecast period. China is making significant strides in integrating HMI software with the Industrial Internet of Things (IIoT) to enhance industrial automation.

This integration aims to create a seamless connection between the physical and digital worlds, allowing for real-time data analysis and efficient decision-making. China is also exploring the integration of HMI software with artificial intelligence (AI) technologies to develop intelligent systems that can interact with humans more naturally. This integration aims to create a more intuitive user experience and enhance productivity. Small and medium-sized enterprises (SMEs) play a significant role in the Chinese economy.

According to the Ministry of Industry and Information Technology of the People's Republic of China, SMEs accounted for more than 60% of China's GDP in 2022 and contributed to about 80% of employment in urban areas. Therefore, SMEs are the major target market of HMI software across China.

In Asia-Pacific, HMI market in India is expected to grow at the highest rate. The Indian government has implemented various policies and initiatives to support the growth and development of SMEs. These include setting up specialized institutions such as the National Small Industries Corporation and the Small Industries Development Bank of India to provide SMEs with financing, marketing, and other support services. The government has also launched schemes such as the Credit Guarantee Fund Trust for Micro and Small Enterprises to enhance access to credit for SMEs.

This support from the government will increase network of manufacturing sector and is also becoming the potential market for HMI software.

Figure 4: HMI Software Market, by Region Type, 2022 & 2030 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

On the other side, North America holds the second position with a share of 33.0% in 2023. U.S. holds the largest market in North America with a share of more than 65% in 2023. HMI in the U.S. growth is supported by the integration of advanced technologies such as artificial intelligence (AI), machine learning, and the internet of things (IoT) with HMI. HMI systems in the U.S. are increasingly being designed to interact with intelligent machines and devices, enabling real-time monitoring, analysis, and control of industrial processes.

Major players in the HMI Software market, include Siemens AG, Schneider Electric SE, Rockwell Automation Inc, Honeywell International Inc, ABB Ltd, Mitsubishi Electric Corporation, General Electric Company, Emerson Electric Co, Yokogawa Electric Corporation, Bosch Rexroth AG, Omron Corporation, Parker Hannifin Corporation, Advantech Co, Delta Electronics, Inc and, Beijer Electronics AB.

The market's growth is predicted to be accelerated by the increasing deployment of digital transformation, as well as various strategic alliances and investments among regional businesses. Due to most of the HMI Software head offices are in U.S., the U.S. controls most of the market in this region and generates a sizeable portion of overall industry.