HUMAN MACHINE INTERFACE MARKET ANALYSIS

Global human interface machine market is estimated to be valued at US$ 10,800 Mn by 2030.

Standard HMI device design consists of interface software specification, interaction specification, and prototyping. HMI (Human Machine Interface) system solutions include various technologies, such as industrial automation, High end software development and others and protocols such as processors, sensors, alarm switches and communications that monitor and control any product manufacturing process without any human involvement.

Global Human Machine Interface Market: Regional Insights

Asia Pacific held a dominant position in the global human machine interface market in 2022, accounted for 32.2% share in terms of value, owing to rising population and disposable income of people is expected to boost the buying power of people and eventually the economy. China and Japan are dominant countries in Asia Pacific region regarding manufacturing of equipment required for Human Machine Interface.

Figure 1: Global Human Machine Interface Market Share (%), By Region, 2022

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North America also showed tremendous growth due to growing income of people in the region.

Global Human Machine Interface Market - Impact of Coronavirus (Covid-19) Pandemic

Due to Covid-19 pandemic, many industries witnessed significant shift in their business. There is significant impact on human machine interface market, as Chinese automotive industries rapidly closing their business to reduce the spread of COVID-19 pandemic. Further, this trend continued in Europe and North America region, where factories where temporary closed due COVID-19 spread. In pre-crisis time, automotive industry witnessed significant drops in their sale. For instance, According to the Coherent Market Insights analysis, in 2019, China registered 4.2% of drops in automotive sells, which is negatively impacted the human machine interface market.

Global Human Machine Interface Market- Drivers:

High growth of industrial automation

Industrial automation refers to practices of software and control systems to monitor and operate independently as mechanized system solutions of manufacturing processes. Industrial factory and control automation devices are executed for reducing the human interaction in the development of products and services. This, in turn, reduces labor and production costs thereby helping to increase the production output. Human machine interface (HMI) plays a vital part in industrial automation to improve industrial controls. For instance, on February 13, 2023, Exor, a provider of human-machine interface (HMI) solutions, had launched eX707M a Web industrial HMI. Designed for industrial automation applications, this advanced HMI offers an integrated web server, making it ideal for use in modern factory automation systems. Over the years, many industries such as packaging, pharmaceutical, energy, mining, automobile, petrochemical, and oil & gas has witnessed automation in the recent past. Since HMI provides realistic views of plant, industries are replacing conventional control process with advanced methods. Thus, these factors are expected to drive growth of the global human machine interface market during the forecast period. Growing demand for mobility and efficiency.

Growing demand for mobility and efficiency

Manufacturing industries are struggling with reliable and instant monitoring and controlling of data from different remote locations. Furthermore, global manufacturers are seeking for solutions that can enable the remote monitoring, maintenance, and controlling of equipment. Furthermore, remote maintenance helps to decrease costs and enhance efficiency compared to local maintenance procedures. Remote monitoring and controlling of volume data will offer mobility to manufacturing industries and other sectors. This, in turn, is increasing the demand for HMI with communication devices for allowing information access on their personal communication devices. Hence, these factors are expected to propel the market growth over the forecast period.

Global Human Machine Interface Market- Opportunities:

Manufacturing opportunities in emerging economies

HMI devices has high scope in the emerging nations such as China, Brazil, and India among others, as the economy of these countries is improving at a rapid pace. China is the fastest growing economy across the globe. Industrialization is growing rapidly in these countries that is expected to boost global human machine interface market. For instance, The Reserve Bank has projected 6.4 per cent economic growth of India for the FY 2023-24.

Research and development activities among market players

Key market players are focusing on research and development activities in order to expand their product portfolio. For instance, in June 2022, Qt, a provider of software technology, had launched a novel HMI software framework for developing next-generation digital cockpits.

Global human machine interface market was valued at US$ 4,900 Mn in 2022 and is forecast to reach a value of US$ 10,800 Mn by 2030, exhibiting CAGR of 10.38% between 2023 and 2030.

Global Human Machine Interface Market- Trends:

Advantage to the entire operation by limiting the number of alarm systems.

In the last five years (2017-2022), global Human Machine Interface market has seen many opportunities; but also witnessed severe challenges for system integrators, technology providers, and OEM (original equipment manufacturer) HMI designers. Earlier, operator’s HMI system was depend on the concept of control walls that has been replaced by a sophisticated system called digital control. For instance, in June 2020, OCS a technical components and industrial process solutions provider launched a new SCADA platform to allow customers to improve efficiency, product quality and safety. The digital control solutions provide an advantage to the entire manufacturing operation by limiting the number of alarm systems. Moreover, skilled operator can monitor the entire operation. At the time when the concepts were introduced, it had the ability to build and display visuals that help in monitoring and controlling the manufacturing operation.

Rapid Evolution to process and access information at shop floor and other multiple locations

Many manufacturing industries worldwide are facing challenges regarding managing and accessing of vast volumes of operational information. HMI software solutions are evolving rapidly in order to process and access information at shop floor, and other multiple locations. Manufacturers seek for advanced HMI solutions that support multi-node, multi-process applications with intuitive graphic interface for complex manufacturing and processing applications. End user industries such as automotive, aerospace & defense and others prefer intelligence panels over traditional HMI systems due to rising need to process information at multiple locations in the manufacturing plant.

Global Human Machine Interface Market- Restraints:

Inadequate HMI design in the market

HMI provides numerous advantages, but has disadvantages that can result into accidental and psychological risk. Furthermore, usage of inadequate HMI systems can lead to various occupational accidents. HMI systems are complex, and thus, needs to be operated by a skilled personnel. These operators require proper training regarding the usage of these systems. The machine operator may suffer from cognitive overload, if the information provided by systems is ambiguous or is not readily understandable. In some cases, incident occurs due to operational errors such as failure to act on information provided by the interface or inability to operate machine correctly. For instance, in San Francisco an Airplane incident occurred where The captain selected an inappropriate autopilot mode, which, without the captain's awareness, resulted in the autothrottle no longer controlling airspeed. The aircraft then descended below the desired glide path with the crew unaware of the decreasing airspeed. The attempted go-around was conducted below 100 feet, by which time it was too late. Over-reliance on automation and lack of systems understanding by the pilots were cited as major factors contributing to the accident. Therefore, these factors are expected to restrain growth of the global human machine interface market during the forecast period.

High installation cost of HMI

The major challenge for HMI is its slow adoption since it requires heavy infrastructure to enable interface between human and machine. Currently present HMI technologies include multi-color display, rubber keypad, and touch screen panel. These technologies are user-friendly and operators require less training to adopt them. Some advanced technologies include multi-touch screen, laser key panels, voice recognition, gesture recognition, and wearable electronics still these technologies are slowly adopted in the plants. The huge installation cost and lack of skilled operators is the main factor behind the slow adoption of these technologies. Hence, these factors are expected to hinder the market growth over the forecast period.

Figure 2: Global Human Machine Interface Market Share (%), By Segment, 2022

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Global Human Machine Interface Market- Segmentation:

Global Human Machine Interface market report is segmented into Product and Application.

Based on Product, the market is segmented into Display Terminals, Interface Software, Industrial PCs, and Others. Out of which, interference software segment is expected to dominate the global market over the forecast period.

Based on Application, the market is segmented into Automotive, Mining, Food, Healthcare, Packaging, Aerospace & Defense, Oil & Gas, and others. Out of which, automotive segment is expected to dominate the global market over the forecast period

Global Human Machine Interface Market: Key Developments

Major market players are focusing on product launches in order to enhance their product portfolio. For instance, in June 2022, iWave Systems, an embedded technology computing company, launched a 12.1 Rugged HMI for tough and extreme operating environments. Because of this now this technology can be used in the any environment and is not necessarily be controlled.

In June 2022, Qt, a provider of software technologies around the world, launched novel HMI software framework which helps them into developing the next-generation digital cockpits.

In July 2020, Omron Automation, an automation technology company, launched a software version of its NA5 human-machine interface that will run on the Omron industrial PC series, and will provide their end users with more control over their machines.

In September 2019, ABB Ltd, a digital solutions and services provider, introduced new version of its automation software Minerals Process Control Library with a new visual control graphic interference.

Global Human Machine Interface Market: Key Companies Insights

Global Human Machine Interface market is highly competitive, owing to rising launch of new technologies due to ongoing R&D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis. Some of the key players 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

*Definition: Human Machine interface is a component of a machine that controls and monitors human machine interaction. It comprises of group of screens, graphic displays, membrane switches, screens, keyboards, and other technology systems that are used by the machine operator to control, monitor, and interact with machine.