Human Machine Interface (HMI) Market Forecasts to 2028 – Global Analysis By Configuration (Standalone, Embedded), Technology (Tactile Human Machine Interface (HMI), Motion Human Machine Interface (HMI)) and By Geography

Human Machine Interface (HMI) Market Forecasts to 2028 – Global Analysis By Configuration (Standalone, Embedded), Technology (Tactile Human Machine Interface (HMI), Motion Human Machine Interface (HMI)) and By Geography

According to Stratistics MRC, the Global Human Machine Interface (HMI) Market is accounted for $4.85 billion in 2022 and is expected to reach $7.36 billion by 2028 growing at a CAGR of 7.2% during the forecast period. Human machine interface (HMI) is referred to an automation that serve a connection between the operator and controller in an automated structure. Human machine interface (HMI) is used to optimize a process, by centralizing and digitizing, for the user, where the operators can see important pieces of information in different forms of graphs, chatbots, or digital assistance.

The number of consumer human machine interface devices dedicated to augmented reality (AR) and virtual reality (VR) throughout the world is forecast to grow to more than 73 million by 2030, an increase of more than 65 million compared to 2020.

Market Dynamics:

Driver:

Demand for ease in machine communications

Increasing demand for ease in machine communications along with growing demand for high processing power and huge storage space to encourage the human machine interface market adoption. Features such as alarm warnings, safe messaging along with improved internal communications is expected to provide advantage to a facility in terms of operations, security and production. HMI is anticipated to reduce the operation costs by substituting various push buttons, indicator lights, selectors along with lowering the requirement of additional display panels and cables. In addition to these features, high resolution of HMI system provides a clear-sighted view of the manufacturing operations, enabling the operator to control the facility centrally. Moreover, with the implementation of the system, facility managers have the ease of testing devices using flexible HMI without a single equipment, thus lowering the startup time and improving overall productivity.

Restraint:

Lack of standardization

For most end-users, it is common to have packaging lines with multiple HMIs, each with different levels of complexity and interactions. This lack of standardization can even exist across machines of a single type or brand, particularly if those machines are purchased at different times. Lack of standardization, high cost associated with the installation along with the safety and security issues is anticipated to curb the human machine interface market growth.

Opportunity:

Technological advancements

Increasing demand for high resolution displays for analyzing the industrial process efficiently along with the technological advancements in the computing processors is expected to offer growth opportunities. Technological advancements in the development of innovative display panels also provide opportunities for the growth of the market. For instance, Oil and Natural Gas Corporation (ONGC) installed ABB’s enterprise wide supervisory control and data acquisition (SCADA) for efficient real-time monitoring of all its production and drilling facilities spread across India and in Arabian Sea.

Threat:

Lack of skilled professionals

Lack of skilled professionals and insufficient awareness among management level individuals may present a challenge to the industry participants. For successful functioning, the technology necessitates a skilled team. Any organization's activities are hampered by a lack of skilled workers or the insufficiency of existing employees.

Covid-19 Impact

The industrial sector is expected to be one of the hardest hit sector by the COVID-19. Various process and discrete industries are likely to experience the supply chain disruptions due to industry’s partial reliance on Asia Pacific region. Along with that, the U.S., one of the biggest market of industrial human-machine interface, has the largest number of COVID-19 cases in world, due to which the industrial output and performance is expected to be hampered in the near future. Furthermore, due to corona virus pandemic the business development efforts by manufacturing industries could be hampered and therefore, the demand for industrial human-machine interface may go down for next 2-3 years.

The embedded segment is expected to be the largest during the forecast period

The embedded HMI solutions segment is expected to dominate the human machine interface market during the forecast period as it offers multiple benefits. Embedded HMIs are combined with powerful hardware and software platforms to use device capabilities to their fullest extent. A connected embedded platform is a part of an intelligent system. It is connected to a network that enables easy communication between two machines and provides easy access to the operator.

The software segment is expected to have the highest CAGR during the forecast period

Human machine interface software is used for performing monitoring functions, such as alarms, control functions, and printing management reports. The programming software used here is known as proprietary software, wherein the software is provided by the manufacturer for quick developments. The ability of HMI software to offer flexibility and reliability and to enhance the efficiency of production processes is expected to drive the demand for HMI software during the forecast period.

Region with largest share:

Asia Pacific is projected to hold the largest market share owing to the increase in disposable income and an increase in population. In this region, China and Japan are considered to be the manufacturing hubs of the pieces of equipment required for the human interface machine. Also, in India, manufacturing has emerged as one of the high-growth sectors. Rapid technological advancements in HMI solutions and extensive R&D activities by the regional industry participants are expected to create opportunities for the HMI market in the region. With various industries shifting their manufacturing bases in the region to capitalize on the availability of skilled and relatively cheap labor, Asia Pacific has transformed into a major manufacturing hub. The process and discrete manufacturing industries present in the region are progressively adopting automated technologies, which is one of the major factors driving the growth of the human machine interface market in the region.

Region with highest CAGR:

North America is projected to have the highest CAGR due to the early adoption of technologies in the region. Many heavy industry companies are accelerating their digital transformation journeys due to recent global events, particularly in fields such as engineering, mining, oil & gas, and manufacturing. Other factors such as the growing demand for smart automation solutions, advancements in the Industrial Internet of Things (IIoT) technology, and the surging need to monitor and increase the efficiency of manufacturing units are also significantly contributing to the growth of the North American market.

Key players in the market

Some of the key players profiled in the Human Machine Interface (HMI) Market include Schneider Electric SE, ABB Ltd., Rockwell Automation, Inc., Honeywell International, Inc., Siemens, General Electric Co, Omron Corporation, Eaton, Emerson Electric Co., Mitsubishi Electric Corporation, Advantech Co., Ltd, Yokogawa Electric Corporation, Beckhoff Automation,
Beijer Electronics Group, and Kontron Ag.

Key developments:

In February 2020: Rockwell Automation strengthened its control & visualization portfolio with the acquisition of ASEM, an expert in the HMI and IPC market. This acquisition is expected to help expand Rockwell’s control & visualization hardware and software portfolio and improve the company’s ability to deliver high-performance, integrated automation solutions.

In September 2019: ABB reinvented process control with the launch of new generation HMIs, to make real-time information more accessible to operators. The company launched a new version of Minerals Process Control Library with a new visual control graphic interface, the first to display process information in its situational context.

In April 2019: Mitsubishi Electric launched an HMI for extreme environments. With protection ratings of IP67F/IP66F and an extended operating temperature range of -20°C to +65°C, the GOT2507T-WTSD 7” operator terminal from Mitsubishi Electric meets the needs of harsh and demanding applications.

Products Covered:
• Display Terminals (Touchscreens)
• Interface Software
• Industrial Personal Computers (PCs)
• Membrane Switches
• Rubber Keypads
• Remote Panel

Offerings Covered:
• Hardware
• Software
• Services

Configurations Covered:
• Standalone
• Embedded

Screen Sizes Covered:
• Between 1 and 5
• Between 5.1 and 9
• Between 9.1 and 13
• Between 13.1 and 17
• More than 17

Technologies Covered:
• Tactile Human Machine Interface (HMI)
• Motion Human Machine Interface (HMI)
• Acoustic Human Machine Interface (HMI)
• Bionic Human Machine Interface (HMI)
• Optical Human Machine Interface (HMI)

Applications Covered:
• Automobiles
• Electronic Consumer Applications
• Gaming
• Retail & Transportation
• Smartphone and Tablets
• Healthcare
• Factory Automation

End Users Covered
• Discrete Industries
• Process Industries

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements