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Human Machine Interface Market Drivers, Share, Size, Outlook, Industry Review and Forecast (2019-2024)

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Human Machine Interface Market Drivers, Share, Size, Outlook, Industry Review and Forecast (2019-2024)

February 25
16:05 2020
Human Machine Interface Market Drivers, Share, Size, Outlook, Industry Review and Forecast (2019-2024)

Global Human Machine Interface Market
The global human machine interface (HMI) market is driven by the rising trend of automation and digitization across various industries, including pharmaceutical, oil and gas, and chemicals.

According to the latest report by IMARC Group, titled “Human Machine Interface Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global human machine interface market size is growing at a stable rate. Human machine interface (HMI) is a software application that connects an operator to the controller for an industrial system. It comprises hardware and software components that allow the human operator to control, monitor and collect data to generate results. It consists of various components, such as peripheral devices, motion sensors, speech-recognition interfaces and other devices that aid in the transmission of information through heat, sound, sight and touch. This application is now widely used across numerous industry verticals, including medical, military and electronics, for reducing the chances of errors and improving the overall efficiency of the system.

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Global Human Machine Interface Market Trends:

The global HMI market is primarily driven by the rising trend of automation across the globe. The increasing incorporation of automated and digitized systems in production facilities has created a demand for efficient monitoring solutions, along with an escalating need for enhanced internal communication and alarm warnings, which is expected to impact the market positively. Additionally, HMI is extensively utilized in the oil and gas sector as it aids in remote location monitoring irrespective of the climatic conditions or other challenges. It is also employed in the pharmaceutical industry, owing to the growing requirement of machinery that enables contamination-free production of medicines with minimum human contact. Apart from this, HMI also forms an indispensable part of the chemical industry for defect identification. On account of the aforementioned factors, the market is expected to grow at a CAGR of around 7% during 2019-2024.

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Key Market Segmentation:

  • On the basis of the component, the market has been divided into hardware (basic HMI, advanced panel-based HMI and advanced PC-based HMI), software (on-premise HMI, advanced panel-based HMI and advanced pc-based HMI), and services.
  • Based on the configuration, the market has been bifurcated into embedded and standalone.
  • On the basis of the technology type, the market has been categorized into motion HMI, bionic HMI, tactile HMI, optical HMI and acoustic HMI.
  • Based on the end use industry, the market has been segregated into packaging, food and beverages, automotive, pharmaceuticals, utilities, metals and mining, and others.
  • On the geographical front, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
  • The competitive landscape of the market has been studied, with the detailed profiles of the key players operating in the market. Some of these include ABB Asea Brown Boveri Ltd, Mitsubishi Electric Corporation, Honeywell International Inc, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, General Electric Company, Robert Bosch GmbH, Kontron S&T AG, Yokogawa India Ltd., Advantech Co., Ltd., Texas Instruments Incorporated, and Eaton Corporation plc.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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