The global human machine interface market was valued US$ 4.18 Bn in 2019 and is expected to grow at a CAGR of 9.9% from 2020 to 2027 to reach US$ 8.77 Bn by 2027. The growing population and subsequently rising demand of human machine interface product from several industrial verticals have gained significant traction in the past few years, especially across the developing economies such as Asia and Africa. Subsequently, various prominent manufacturers have embraced swift technological advancements, especially the Internet of Things (IoT) and machine learning-based technologies that assist in improving the performance of substantial industrial assets. As a result, there has been a surge in the adoption as well as integration of several technology-driven solutions in industrial setups, which monitor, control, optimize, and manage different industrial components, such as machinery, equipment, system, and communication systems. This has generated the demand for a robust, as well as efficient, solution that facilitates the interaction between human and industrial machines; this resulted in the development of the interface between human and machine.
Factors such as the rising adoption of automated industrial solutions and machine learning technologies continue to drive the growth of the embedded human machine interface market. The embedded interface aids in the seamless management of sophisticated industrial machinery. Further, the growing focus of several sectors on improving their manufacturing efficiencies through continuous monitoring and improved control of industrial assets also continues to drive the growth of the human machine interface market across the developing economies. However, the high cost of installation and lack of awareness restrict the market growth across a few African countries.
Globally, the market players operating in the human-machine interface market offer a broad range of products, accessories, and software. As a result, based on the offering, the global human machine interface market has been segmented into hardware, software, and services. Moreover, the market for hardware is further segmented into panel-based, PC-based, and others, whereas the market based on software is sub segmented into on-premises and cloud. By configuration, the global human machine interface market is bifurcated into stand-alone and embedded. The human-machine interface has a profound scope of application across numerous industry verticals; however, for the study scope primarily includes energy & power, general manufacturing, healthcare and pharmaceuticals, and automotive, among other end-user industries. Based on geography, the human machine interface market has been segmented into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Russia, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), and South America (Brazil, Argentina, and Rest of South America).
The overall global human machine interface market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the human machine interface market with respects to all the segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the human machine interface market.
Reasons to Buy
Factors such as the rising adoption of automated industrial solutions and machine learning technologies continue to drive the growth of the embedded human machine interface market. The embedded interface aids in the seamless management of sophisticated industrial machinery. Further, the growing focus of several sectors on improving their manufacturing efficiencies through continuous monitoring and improved control of industrial assets also continues to drive the growth of the human machine interface market across the developing economies. However, the high cost of installation and lack of awareness restrict the market growth across a few African countries.
Globally, the market players operating in the human-machine interface market offer a broad range of products, accessories, and software. As a result, based on the offering, the global human machine interface market has been segmented into hardware, software, and services. Moreover, the market for hardware is further segmented into panel-based, PC-based, and others, whereas the market based on software is sub segmented into on-premises and cloud. By configuration, the global human machine interface market is bifurcated into stand-alone and embedded. The human-machine interface has a profound scope of application across numerous industry verticals; however, for the study scope primarily includes energy & power, general manufacturing, healthcare and pharmaceuticals, and automotive, among other end-user industries. Based on geography, the human machine interface market has been segmented into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Russia, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), and South America (Brazil, Argentina, and Rest of South America).
The overall global human machine interface market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the human machine interface market with respects to all the segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the human machine interface market.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Human Machine Interface market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global human machine interface market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. Human Machine Interface Market Landscape
5. Human Machine Interface Market - Key Market Dynamics
6. Human Machine Interface - Global Market Analysis
7. Human Machine Interface Market Analysis - By Offering
8. Human Machine Interface Market Analysis - By Configuration
9. Human Machine Interface Market Analysis - By End-user Industry
10. Human Machine Interface Market - Geographic Analysis
11. Impact of COVID-19 Pandemic on Global Drain Cleaning Equipment Market
12. Industry Landscape
13. Key Company Profiles
14. Appendix
Companies Mentioned
- ABB Ltd.
- Advantech Co., Ltd.
- General Electric Co.
- Honeywell International, Inc.
- Kontron S T Ag
- Mitsubishi Electric Corporation
- Rockwell Automation, Inc.
- Schneider Electric
- Siemens Ag
- Yokogawa Electric Corporation
