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Human Machine Interface (HMI) Market - Global Outlook and Forecast 2018-2023

SKU : ARZ180808
  • Published on : September 2018

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This market research report on global HMI market offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by technology (optical, acoustic, bionic, tactile, and motion), by configuration (standalone and embedded), by interface (software and hardware), by end-user (automotive, chemicals & petrochemical, mining & metallurgy, paper, packaging, & printing, food & beverage, healthcare, oil & gas, and others), and by geography (North America, Europe, APAC, Latin America, and MEA).

HMI Market - Overview

The introduction of HTML5 and IIOT that enables end-users with more flexibility and convenience is propelling the growth of the global HMI market. The development of technology and launch of the latest version of new software programs will allow optimal running, monitoring, and analyzing machinery and equipment across industries in the global market. Several factors such as rising labor wages, stringent rules pertaining to implementation of workspace safety, and energy efficiency is driving the demand in the global human machine interface market. Industrial automation across sectors such as automotive, chemicals and petrochemicals, healthcare, packaging, and processing industries will revolutionize the market. The increasing focus on customized and effective interfaces will create lucrative opportunities for leading vendors operating in the human machine interface market. The everchanging and dynamic industrial landscape of emerging economies such as India, Indonesia, Brazil, and Mexico will boost the revenues in the global market. The growing demand for multi-touch screens and rising popularity of AR and VR technology is fueling the growth of this market. The convenient, easy, and efficient functioning of industries such as defense, retail, housing, and construction will drive the demand in the global HMI market.

The increasing importance of safety, energy efficiency, better productivity, and sustainability will lead the expansion of the global human machine interface market. The implementation of SCADA and PLC in factory automation systems will transform the market over the next few years. The global HMI market is expected to generate revenues of more than $8 billion by 2023, growing at a CAGR of over 9% during 2017-2023.

HMI Market at a Glance

HMI Market - Dynamics

The growing popularity of virtualization and automation for processes and systems across industries will augment the growth of the global HMI market. Virtualization technology eases software management and helps reduce the costs associated with technological innovations in the market. Virtualization in combination with thin client technology provides an easy and cost-effective way to control process automation systems even in harsh industrial conditions. This mechanism offers the benefit of running multiple operating systems and applications, however, segregated from one another on a single host hardware. The use of virtualization for simplification of the automation process will augment the development of the global human machine interface market. These systems are designed to improve and increase the longevity of applications and run on latest software and hardware solutions in the global human machine interface market. The benefit of centralized management and high application flexibility will propel the demand in the global HMI market.

HMI Market - Segmentation

This market research report includes a detailed segmentation of the market by technology, configuration, interface, end-user, and geography.

Segmentation of HMI Market

HMI Market – By Technology

Use of tactile-based technology for 3D applications will propel the growth of the global HMI market during the forecast period

The global HMI market by technology is classified into optical, acoustic, bionic, tactile, and motion. Tactile segment dominated more than 2/3rd the market share in 2017, growing at CAGR of around 10% during the forecast period. The increasing use of this technology to provide effective public interface application will boost the revenues in the human machine interface market. Tactile technology has a wide range of applications, ranging from computer keyboards, mobile phones, to entertainment devices. The high potential of the tactile technology is 3D applications and motion sensing technology will result in the evolution of the human machine interface market. Tactile technology emerges as an excellent option for teleoperating robotic hands, games controls, and computers in the market. Optical and acoustic technologies are also extremely popular in the global market. Bionic technology is rapidly expanding across the healthcare industry and motion technology is used to detect motions, gyroscopes, and accelerometers in the global HMI market.

HMI Market – By Configuration

Embedded software offers real-time control functions in the global HMI market

The configuration segment in the global HMI market is categorized into standalone and embedded. The embedded segment occupied the largest market share in 2017, growing at a CAGR of approximately 10% during the forecast period. The vendors are using embedded software solutions to make product improvements by refining operator interfaces functionalities and communication options of components by leveraging advancements in electronics. Embedded solutions have enough memory and processing power to provide real-time control functions in the human machine interface market. Embedded HMI is the compact version designed to run on the smart automation component and to provide operator interface functionality and enhanced connectivity in the human machine interface market. The use of standalone touchscreen solutions offers some applications such as multiple production lines within a factory, it is desirable to provide the user access to multiple processes through the screen. These systems provide complete independence and flexibility to its end-users in the global HMI market.

HMI Market – By Interface

PLC integrated touchscreens to contribute to the development of the global HMI market during the forecast period

The global HMI market by interface is segmented into hardware and software. The hardware segment dominated the majority of the market share in 2017, growing at a CAGR of around 9% during the forecast period. The use of digital technology such as LCD, LED, and touchscreens that offer simplicity and have applications across industries is propelling the growth of this segment in the global human machine interface market. The recent integration of PLC with a touchscreen is expected to revolutionize the global human machine interface market over the next few years. These integrated screens are designed to provide necessary color, screen size, resolution, and capability that is necessary to display information in easy and attractive methods relating to multiple processes in the market. The adoption of flat panel displays will offer a wide range of benefits across industries in the global market. The introduction of SCADA applications and sensors will transform the software segment in the global HMI market.

HMI Market – By End-Users

Safety mandates in the chemical & petrochemical sectors to drive the demand in the global HMI market

The end-user segment in the global HMI market is divided into automotive, chemicals & petrochemical, mining & metallurgy, paper, packaging, & printing, food & beverage, healthcare, oil & gas, and others. Chemical and petrochemical segment occupied around 1/3rd of the market share in 2017, growing at a CAGR of more than 9% during the forecast period. The introduction of systems that are robust, can withstand the harsh environment, and are resistant to dust, moisture, water, extreme temperatures, and exposure to harsh chemicals is driving the growth of the global human machine interface market. The implementation of these solutions in the production process facilitates easy overall management of the plant, thereby, fueling the revenues in the global human machine interface market. The introduction of the state-of-the-art control system, operator interface, workstation with an up-to-date control platform, well-designed graphics that provides powerful visualization, and control or an information computing solution will transform the chemical and petrochemical sector. The automotive, food and beverage manufacturing, and healthcare industries are the major end-users in the global human machine interface market. The use of logic controllers in the packaging industry will transform the global market.

HMI Market – By Geography

Demand for product innovations across North America to contribute to the increased revenues in the global HMI market

The global HMI market by geography is apportioned into North America, Europe, APAC, Latin America, and MEA. North America dominated the largest market share in 2017, growing at a CAGR of more than 10% during the forecast period. The proliferation of well-connected and evolved connectivity grid, product development with emphasis on low-power consumption, sustainability, and well-connected institutional footprint are some of the factors attributing to the growth of the North America human machine interface market. The demand for infotainment systems and hybrid vehicles across the North American region is driving the human machine interface market.  Countries such as China, Japan, Canada and the US are the highest revenue generators in the global market. Rapid industrialization and a growing number of private and public infrastructure investors across the APAC and other developing markets will boost the demand for sophisticated solutions. The stringent safety and environmental regulations in various European countries will lead the development of the global human machine interface market.

Key Countries Profiled

The key countries profiled in the report are:

  • China
  • Japan
  • Other APAC Countries
  • Germany
  • France
  • UK
  • US
  • Canada

Key Vendor Analysis

The global HMI market is witnessing a surge in demand for solutions from various industries and facing intense competition. The leading vendors are leveraging rapidly changing technologies to introduce innovations and upgrades in the human machine interface market. The market is moderately fragmented, and top players control over 50% of the total share. The companies are focusing on offering varied features such as quality, technology, and price to sustain the competition in the human machine interface market. The increasing investments in the development of new technologies will help vendors gain a competitive advantage in the global human machine interface market during the forecast period.

The major vendors in the global market are:

  • Schneider Electric
  • Rockwell Automation Inc.
  • Siemens AG
  • Mitsubishi Electric Corp.
  • Omron Corp.

Other prominent vendors include ABB Ltd., General Electric, Toshiba, Kontron AG, Honeywell International Inc., Panasonic Corp., Bosch Rexroth, Eaton Corp., Emerson Electric Co., and Yokogawa Electric Corp.

Key market insights include

  1. The analysis of global HMI market provides market size and growth rate for the forecast period 2018-2023.
  2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the global HMI market.
  3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
  4. It offers a complete overview of market segments and the regional outlook of global HMI market.
  5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.

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