Human Machine Interface Market

Human machine interface is a type of machine that controls and monitors human machine interaction. It comprises of group of screens, graphic displays, membrane switches, screens, keyboards, and other technology systems used by the machine operator to control, monitor, and interact with machine. Standard HMI device design consists of interface software specification, interaction specification, and prototyping. HMI system include processors, sensors, alarm switches and communications that monitor and control the manufacturing process, devoid of human involvement. Increasing adoption of industrial automation and machine learning technologies is 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, due to increasing disposable income, and rising population. According to the World Bank report, disposable income in India has reached US$ 3,310,308.0 million in March 2022, from US$ 2,41,5107.0 million in March 2020. Countries such as Japan and China which are the main manufacturing hub that are increasing human machine interactions. Moreover, India has also emerged as a manufacturing hub. For instance, Make in India program has made India one of the largest manufacturing hub in the world. For instance, According to the Indian Brand Equity Foundation (IBEF), the manufacturing sector of India is expected to reach US$ 10,00,000 million by 2025, and India is expected to rank among the top three growth economies and manufacturing destination of the world by 2023.

Furthermore, rising growth of industrial automation is expected to drive market growth during the forecast period. Industrial Automation is a technology that is based on the usage of mechanical, electronic and computer system in handling process and manufacturing process control.

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 (2023-2030), considering 2022 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 up gradation, market expansion, and marketing tactics
• 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 2030”