Human Machine Interface Market, By Product (Display terminals, Interface Software, Industrial PCs and Others), By Application (Automotive, Mining, Food, Healthcare, Packaging, Aerospace & Defense, Oil & gas and Others) and by Region (North America, Europe

Human Machine Interface Market, By Product (Display terminals, Interface Software, Industrial PCs and Others), By Application (Automotive, Mining, Food, Healthcare, Packaging, Aerospace & Defense, Oil & gas and Others) and by Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Human-machine interface is a type of machine that controls and monitors human-machine interaction. It is a group of screens, graphic displays, membrane switches, screens, keyboards, and other technology systems used by the machinist to control, monitor, and interact. Standard HMI device design consists of interface software specification, interaction specification, and prototyping. HMI system include processors, sensors, alarm switches and communications which monitor and control the manufacturing process, devoid of human involvement. Increasing adoption of industrial automation, machine learning technologies are expected to drive market growth over forecast period. Globally, major market players are focusing on developing new technologies to offer various product, software and services in the market.
Market Dynamics
Asia Pacific region is expected to drive market growth during forecast period. This is attributed to increase in the disposable income and in population. According to the World Bank report, the population in India reached US$ 1,341.0 million in March 2020, from 1,327.0 million in March 2021. Countries such as Japan and China are the main manufacturing hub that increasing human machine interactions. In addition, India manufacturing hub has emerged as the high growth sectors. For instance, Make in India program has placed India as one of the largest manufacturing hub in the world. For instance, According to the Indian Brand Equity Foundation (IBEF), the manufacturing sector of India has expected to reach US$ 1000,000 million by 2025 and India is expected to rank among the top three growth economies and manufacturing destination of the world by the year 2020.
Furthermore, high growth of industrial automation is expected to drive market growth during the forecast period. Industrial automation refers to practices of software and control systems to monitor and operate independently as mechanized system solutions of manufacturing processes. Industrial factory and control automation devices are executed for reducing the human interaction in the development of products and services. This, in turn, reduces labor and production costs thereby helping to increase the production output. Human machine interface (HMI) plays a vital part in industrial automation to improve industrial controls. Over the years, many industries such as packaging, pharmaceutical, energy, mining, automobile, petrochemical, and oil & gas has witnessed automation in the recent past. Since HMI provides realistic views of plant, industries are replacing conventional control process with advanced methods. Thus, these factors are expected to drive growth of the global human machine interface market during the forecast period.
Market Taxonomy
This report segments the global human machine interface market on the basis of product, application and region. On the basis of product, the global human machine interface market is segmented into display terminals, interface software, industrial PCs and others. On the basis of application, the global human machine interface market is segmented into automotive, mining, food, healthcare, packaging, aerospace & defense, oil & gas and others. On the basis of region, the global human machine interface market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Key features of the study:
This report provides an in-depth analysis of the global human machine interface market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global human machine interface market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered in the global human machine interface market are ABB Ltd., General Electric Company, Advantech Co., Ltd., Emerson Electric Corporation, Atmel Corporation, Eaton Corporation, American Industrial Systems, Inc., BARTEC Top Holding GmbH, and Beijer Electronics, Inc.
The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The global human machine interface market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global human machine interface market.
Detailed Segmentation:
Global Human Machine Interface Market, By Product:
Display terminals
Interface Software
Industrial PCs
Others
Global Human Machine Interface Market, By Application:
Automotive
Mining
Food
Healthcare
Packaging
Aerospace & Defense
Oil & gas
Others
Global Human Machine Interface Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
Company Profiles
ABB Ltd.*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
General Electric Company
Advantech Co., Ltd.
Emerson Electric Corporation
Atmel Corporation
Eaton Corporation
American Industrial Systems, Inc.
BARTEC Top Holding GmbH
Beijer Electronics, Inc.
*Browse all the market data tables and figures on “Global Human Machine Interface Market- Forecast to 2027”