Human Machine Interfaces refers to the interface of input/output devices that establish contact and exchange information between humans and computers. These devices include keyboards, monitors, printers, and mice. The human-machine interface is a computer with an interactive control circuit for transmitting information between devices. It completes two tasks together with human-computer interaction devices: Conversion of information format and Control of information transmission.
The global human machine interface market size was valued at USD 4.32 billion in 2019 and projected to reach USD 6.34 Billion by 2027, registering a CAGR of 4.68% during the forecast period, 2020-2027. The major factors attributed to the surge are the adoption of industrial automation in the manufacturing process, the evolution of industrial internet of things, and the growing demand for smart automation solutions. Additionally, the increase in the manufacturing sector’s adoption of industrial automation equipment is expected to propel the growth of the human-machine interface market in future periods. Further, the ease in machine communications along with rising demand for high processing power and huge storage space to encourage the human-machine interface market adoption are anticipated to enhance the human-machine interface demand.
Moreover, the growing efforts for lowering the expenses in the numerous businesses and the rise of new digital industrial technology is propelling the growth of the global human-machine interface (HMI) market. Furthermore, the increasing demand for enhanced efficiency in IT and telecom, the extreme rise in electronic, mobile, and computer applications, etc. will simultaneously foster the growth of the human-machine interface industry. Also, the increase in factory automation, technological needs, smartphones, tablets, and computer users will spur the growth of the global human machine interface market share. Additionally, the upsurge in high-resolution screens to analyze the process and continuous updating and upgrade of computer processors estimated to will boost the industry growth of the human-machine interface.
With the continuous improvement of sensor technology, network communication, and computing power, the predicted economic return value of IoT (Internet of Things) has increased rapidly, accelerating its development speed. The Industrial Internet of Things (IoT) or Industry 4.0 has promoted the manufacturing industry’s computerization, enabling communication and information technology systems to automate production effectively and establish interconnected smart factories. Due to adaptability, resource optimization, and human-computer interaction, intelligent factories have higher flexibility, efficiency, and productivity.
Industry 4.0 is the Internet of Things in production, connecting the entire value chain. Industry 4.0 is a transformation based on nine digital industrial technologies. In this industrial transformation, sensors, machines, and IT systems will be integrated across the entire value chain across a single enterprise. This interconnected system is interconnected through standard Internet protocols, collects and analyzes relevant data, predicts errors, and constantly adjusts to the changing environment. Industry 4.0 can collect and analyze data between machines, which can make production faster, more flexible, and more efficient, thereby improving product quality and reducing production costs.
Affected by the epidemic, COVID-19, millions of people worldwide are forced to work from home. Retailers are striving to maintain normal supply, and nervous consumers are trying their best to buy all the necessities for people’s livelihood, such as toilet paper, from various channels. The epidemic made the future of automation that had already begun to come early and exposed the long-standing problems in the field of AI entrepreneurship. Many industries that originally depended on manpower are rethinking how to strengthen the role of automated robots in their industrial operations. The industries most affected are those with large assembly operations, such as automobile manufacturers and electronic component manufacturers.
Based on offering, the global human machine interface market classified into hardware (basic HMI, advanced PC-based HMI, advanced panel-based HMI) and software (on-premise HMI and cloud-based HMI. The software will witness significant growth in the forecast period. It is primarily attributed to the software performing monitoring functions, such as alarms, control functions, and printing management, and it offers flexibility and reliability and to enhance the efficiency of production processes.
Hardware will be expected to dominate the HMI market during the forecast period due to the growing need for high storage space and processing power for hardware HMI.
Based on the configuration, the global human machine interface market bifurcates into Stand-Alone HMI and Embedded HMI. The embedded HMI segment held a lucrative share in 2019 and projected to dominate the global human machine interface market by 2027. Due to the rapid technological developments, growing need for integrated systems, and the emergence of machine-to-machine communication technology that eases the operational work.
The stand-alone human-machine interface will grow at a significant rate during the forecast period due to the stand-alone isolated terminals that were deployed by an OEM as part of a machine.
Based on the end-user industry, the global human-machine interface markets segmented into manufacturing, automotive, healthcare, food & beverages, oil & gas, packaging, aerospace & defense, and others. The manufacturing segment held higher market potential in 2019. It is attributed to the HMI used for automation to improve overall plant management by enhancing communication between user & machine, providing warning & alarms, and cost reduction.
The automotive segment exhibits a lucrative market share in 2019 and expected to generate significant revenue during 2020-2027. Due to growing usages of advanced technology has transformed the car dashboard layout to a more flexible, dynamic, and adaptable design.
Based on geography, the global human machine interface market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific estimated to occupy the lion’s share in the human-machine interface market by 2027. It is owing to rapid technological advancements in HMI solutions, and various industries shifting their manufacturing bases in the region capitalize on the availability of skilled and relatively cheap labor.
North America witnessed a prominent share of the human-machine interface market and projected to remain dominant by 2027. It is due to the presence of a large number of solution providers and the upcoming high-end production activities.
Companies such as Rockwell Automation, Inc., Schneider Electric SE, ABB Ltd., Siemens AG, Mitsubishi Electric Corporation, Advantech Co, Ltd, Emerson Electric Co, General Electric, Honeywell International, Inc., Yokogawa, Beckhoff Automation, Beijer Electronics Group, Eaton, Exor International, Kontron AG, and Omron Corporation are the key players in the global human machine interface market.
By Offering
By Configuration
By End-User Industry
By Region
Global Human Machine Interface Market
Human Machine Interface is the hardware or software that enables the engagement of humans with a controller.
The value of the global human machine interface market was valued at USD 4.52 billion in 2020 and will reach USD 6.34 Billion by 2027.
The growth rate of the Human Machine Interface market is 4.68%.
The most common examples of Human Machine Interface devices that we use in our daily lives include touchscreens and keyboards.
Growing demand for smart automation solutions, the evolution of IoT, increase in internet and smartphones users are the key factors to drive the Human Machine Interface market.
Due to rapid technological advancements, the availability of skilled labor at a relatively cheap cost is attributed to the most significant Human Machine Interface share in the Asia Pacific region.
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