The Human Machine Interface (HMI) market is at the point where technological developments are rapid while automation is gradually being integrated into various industries. HMI is the intermediary that bridges humans and machines, providing communication channels in different applications. A number of factors affect the market dynamics for HMI, and influence its development.
A major factor behind the constant changes in HMI market is technology. Now that Industry 4.0 and the era of IoT are upon us, more end users want intuitive cutting-edge interfaces to raise user experience while improving operational performance (OpEx). The trend is toward touchscreens, gesture recognition and voice control to create a more natural mode for people interacting with machines. Besides enhancing end user satisfaction, this process of technological evolution also helps industries implementing HMI solutions increase their overall productivity.
In addition, the growing trend of automation in manufacturing processes and industrial operations is an important influence on HMI market developments. Industries are looking for ways to simplify the process, minimize human involvement and increase precision. As a result, there is an increasing need for HMI systems that can smoothly integrate into automated processes while providing real-time data visualization and control. This trend is particularly apparent in industries such as automotive, pharmaceuticals and energy where well-performing human-machine interfaces are vital.
The global trend toward sustainability and energy efficiency is having an impact on the HMI market. More and more industries are concentrating on reducing energy consumption, minimizing waste of all kinds, and improving environmental performance generally. The HMI systems are an important part of environmental conservation, helping monitor and regulate energy use in many applications. Consequently there is increasing demand for HMI solutions which not only deliver high-end functionality, but also help environmental goals.
Moreover, the market dynamics of HMIs are affected by various industries adopting these technologies. Though manufacturing has always been a traditional bastion for HMI applications, other areas such as healthcare and transportation are increasingly becoming hot spots of growth. Different industries have different needs and requirements, making the HMI providers to respond by offering customized solutions. The diversification of its application areas makes the market more complex, however; every industry has different requirements and demands when it comes to HMIs producers.
Report Attribute/Metric | Details |
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Segment Outlook | Technology Type, Component, Configuration, Industry Vertical, and Region |
Human Machine Interface (HMI) Market Size was valued at USD 5250.3 Million in 2023. The Human Machine Interface (HMI) industry is projected to grow from USD 5701.82 Million in 2024 to USD 11015 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 8.58% during the forecast period (2024 - 2032). Growing adoption of industry 4.0 and growing demand for smart automation solutions are driving the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Artificial intelligence advancements spurred Industry 4.0, with robots now openly interfering in human decision-making, encouraging the technocentric perspective. Its main goal is to connect existing technology by making use of the Internet of Things (IoT), which offers access to real-time data. Due to Industry 4.0, business owners can take full advantage of real-time data, which also provides them with enhanced control and understanding of every area of their operations.
The development of Industry 4.0 and the Industrial Internet of Things (IIoT) has made it easier to connect industrial and consumer items, allowing smartphones and smartwatches to be transformed into mobile or wearable HMIs. Companies must make use of current technologies, speed up technology adoption, and unlock new sources of value if they want to stay ahead of the curve. Thus, the adoption of Industry 4.0 across various industries is presenting growth opportunities for the players operating in the global human machine interface market.
Based on Component, the Human Machine Interface (HMI) Market is segmented into Hardware, Software, and Services. The Hardware segment held the majority share in 2022, contributing around ~51 % to the market revenue. Based on Hardware, the market is further segmented into Basic HMI, Advanced Panel Based HMI, and Advanced PC Based HMI. Based on Software, the market is further segmented into On-Premise HMI and Cloud Based HMI.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Based on technology type, the global Human Machine Interface (HMI) is segmented into Motion HMI, Bionic HMI, Tactile HMI, and Acoustic HMI. The Motion HMI segment held the majority share in 2022 contributing around ~40% to the market revenue. Motion HMI likely refers to interfaces that involve motion-based interactions, such as touchscreens, gestures, or other forms of physical interaction to control and communicate with machines or systems.
Based on configuration, the global Human Machine Interface (HMI) is segmented into Embedded HMI and Stand-alone HMI. The Embedded HMI segment claims the largest market share in the Human Machine Interface (HMI) Market. Embedded HMI provide a simpler and more user-friendly integrated environment, increasing operator efficiency. Technological advancements and rising need for integrated solutions are projected to propel the embedded human machine interface market forward.
Based on vertical, the global Human Machine Interface (HMI) is segmented into process industries and discrete industries. The process industries segment claims the largest market share in the Human Machine Interface (HMI) Market. Based on process industries, the market is further divided into Oil and Gas, Pharmaceutical, Food & Beverage, Chemicals, Energy & Power, Metal & Mining, Water & Wastewater, and Others. Based on discrete industries, the market is further divided into Automotive, Packaging, Aerospace and Defense, and Others.
By Region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the world.
In terms of revenue, North America held the share of 35.1% in the Human Machine Interface (HMI) market in 2022. North America consists of the U.S, Canada, and Mexico. The widespread implementation of industrial automation in manufacturing is the primary driver driving the market's expansion. Additionally, other elements like the expanding need for intelligent automation solutions, developments in the Industrial Internet of Things (IIoT) technology, and the growing desire to monitor and boost the productivity of manufacturing facilities are also significantly fueling the market's expansion.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The growth in APAC is due to the growing population and the available money. China and Japan are regarded as the major producers of human-machine interaction technology in this region. India is projected to become a significant hub for the growth of the manufacturing sector, which will expand market potential in the ensuing years. The country's fast industrialization also drives the HMI market in China and India. With the growing number of automation projects, easy access to low-cost labor and raw materials will likely increase demand. In addition, the demand for sophisticated solutions would increase as more public, and private infrastructure investors entered the Asia-Pacific market.
Europe region consists of UK, Germany, France, Rest of Europe for the study. The rise of the cognitive era and the increasing adoption of AI are to blame for the change of HMI across Europe, which is anticipated to open up new prospects for market expansion. The European Commission proposed a plan to invest EUR 20 billion in artificial intelligence by 2020, an increase of almost 70%. The United States and Asia-Pacific are investing at least three times as much as Europe, and the commission wants to keep up. Due to the soaring need for automation and control systems, which propels the expansion of local process automation businesses, Europe is the region where the HMI application is most prevalent. According to the European Commission, digitization has played a critical role in modernizing the European process sector.
The Human Machine Interface (HMI) Market has witnessed significant growth over the forecast period due to the growing demand for smart automation solutions, and development of IIoT, the growing adoption of industry 4.0, and the surging adoption of industrial automation in manufacturing processes. There are several domestic, regional, and global players operating in the Human Machine Interface (HMI) market who continuously strive to gain a significant share of the overall market. During the study, MRFR analyzed some of the major players in the Human Machine Interface (HMI) Market who have contributed to the market growth. These include Yokogawa Electric Corporation, Rockwell Automation, Inc., ABB, General Electric (GE), Mitsubishi Electric Corporation, Schneider Electric SE, Jabil Inc., Siemens AG, Honeywell International Inc., Advantech Co., Ltd, Emerson Electric Co, Omron Corporation, Eaton Corporation, Beckhoff Automation, and EXOR International.
July 2023: In Pune, in July 2023, FactoryTalk Optix was released by Rockwell Automation. It is a modern human-machine interface (HMI) system that is cloud-based and enables users to design, test, and deploy applications straight from a web browser at any place or time. This allows for industrial organizations to simplify the automation design process while still being productive. Users can use industry standards for cybersecurity to access machines, controllers, or HMI from anywhere. Remote entry facilitates on-demand remote aid, programming, setup, and updates, as well as troubleshooting remote systems and applications, which are part of maintenance activities.
August 2023: Recently, in August 2023, Exor introduced the Exor X5 Wireless HMI (Human Machine Interface), its latest invention, which is one of the most well-known brands providing industrial automation solutions. The innovative product is designed to change forever how operators interact with their machines on the production floor. The device has an attractive, sleek design built with durability in mind, having five five-inch colored display screens combined with a user-friendly interface, thereby making it easy even for those operating it for the first time to understand what they should do next without much struggle involved. This wireless technology we used when designing it ensures the highest level of productivity since now all operators can be able not only access but control machines right from where they stand during working hours without having to move about looking here and there trying to find out what needs to be fixed at any given moment during work shift. There’s also a web server within the device, so that connection may happen remotely through internet connection-enabled devices.
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