Human Machine Interface Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Human Machine Interface Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


Market Overview:

The global human machine interface market size reached US$ 4.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.

A human machine interface (HMI) is a component in electronic devices that allows the user to communicate and interact with the machine or the system efficiently. It is also referred as computer-human interface, man-machine interface (MMI) or human-computer interface. HMI consists of various hardware and software components that translate user inputs into signals for the machine to generate results. It incorporates motion sensors, peripheral devices, speech-recognition interfaces and other devices through which information is shared using sound, sight, heat and touch. It assists in error reduction, increasing user satisfaction, efficiency and comfort. It also enhances overall productivity by reducing task saturation and physical and mental stress for the user. As a result, the technology is finding extensive applicability in the electronics, entertainment, medical and military sectors to integrate humans into intricate mechanical systems.

The rising trend of digitalization, along with the introduction of HTML5 and Industrial Internet of Things (IIOT), are the key factors driving the growth of the market. HTML5 and IIOT enable end users to conveniently use new software programs and allow optimal monitoring of machinery and equipment across industries. Also, enterprises are increasingly focusing on generating customizable and useful interfaces to create more lucrative opportunities in the market. Additionally, there is an increasing preference for multi-touch screens and gadgets for augmented and virtual reality (AR/VR), which is also driving the market further. Moreover, benefits such as the reduction in operating costs by substituting indicator lights, push buttons, selectors and replacing them with minimalistic tools and control features have increased the adoption of HMI systems across the globe.

IMARC Group’s latest report provides a deep insight into the global human machine interface market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global human machine interface market in any manner.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global human machine interface market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on component, configuration, technology type and end use industry.

Breakup by Component:

Hardware
Basic HMI
Advanced Panel-Based HMI
Advanced PC-Based HMI
Software
On-Premise HMI
Advanced Panel-Based HMI
Advanced PC-Based HMI
Services

Breakup by Configuration:

Embedded
Standalone

Breakup by Technology Type:

Motion HMI
Bionic HMI
Tactile HMI
Optical HMI
Acoustic HMI

Breakup by End Use Industry:

Packaging
Food and Beverage
Automotive
Pharmaceuticals
Utilities
Metals and Mining
Others

Breakup by Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being ABB Asea Brown Boveri Ltd, Mitsubishi Electric Corporation, Honeywell International Inc, Rockwell Automation, Schneider Electric SE, Siemens AG, General Electric Company, Robert Bosch GmbH, Kontron S&T AG, Yokogawa India Ltd., Advantech Co. Ltd., Texas Instruments Incorporated, Eaton Corporation, etc.

Key Questions Answered in This Report:
How has the global human machine interface market performed so far and how will it perform in the coming years?
What are the key regional markets in the global human machine interface industry?
What has been the impact of COVID-19 on the global human machine interface industry?
What is the breakup of the market based on the component?
What is the breakup of the market based on the configuration?
What is the breakup of the market based on the technology type?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the global human machine interface industry?
What are the key driving factors and challenges in the global human machine interface industry?
What is the structure of the global human machine interface industry and who are the key players?
What is the degree of competition in the global human machine interface industry?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Human Machine Interface Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Component
5.5 Market Breakup by Configuration
5.6 Market Breakup by Technology Type
5.7 Market Breakup by End Use Industry
5.8 Market Breakup by Region
5.9 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Major Types
6.1.2.1 Basic HMI
6.1.2.2 Advanced Panel-Based HMI
6.1.2.3 Advanced PC-Based HMI
6.1.3 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Major Types
6.2.2.1 On-Premise HMI
6.2.2.2 Advanced Panel-Based HMI
6.2.2.3 Advanced PC-Based HMI
6.2.3 Market Forecast
6.3 Services
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Configuration
7.1 Embedded
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Standalone
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Technology Type
8.1 Motion HMI
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Bionic HMI
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Tactile HMI
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Optical HMI
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Acoustic HMI
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by End Use Industry
9.1 Packaging
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Food and Beverage
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Automotive
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Pharmaceuticals
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Utilities
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Metals and Mining
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Others
9.7.1 Market Trends
9.7.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Europe
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Asia Pacific
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porter’s Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 ABB Asea Brown Boveri Ltd
14.3.2 Mitsubishi Electric Corporation
14.3.3 Honeywell International Inc
14.3.4 Rockwell Automation
14.3.5 Schneider Electric SE
14.3.6 Siemens AG
14.3.7 General Electric Company
14.3.8 Robert Bosch GmbH
14.3.9 Kontron S&T AG
14.3.10 Yokogawa India Ltd.
14.3.11 Advantech Co. Ltd.
14.3.12 Texas Instruments Incorporated
14.3.13 Eaton Corporation

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