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Human Machine Interface Market By Offering, By Deployment Mode, By Configuration, By Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2022-2031

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    Report

  • 240 Pages
  • September 2023
  • Region: Global
  • Allied Market Research
  • ID: 5751069
Description Jump to:
A Human-Machine Interface (HMI) is a user interface or dashboard that connects a person to a machine, system, or device. HMI is most commonly used in the context of an industrial process, while the term can technically be applied to any screen that allows a user to interact with a device.

Increase in demand for monitoring the production plants drives the human machine interface market growth. The growing need for efficiently monitoring the production plants in various industries such as mining, automotive, and oil and gas drives the significant demand for HMI software. In addition, surge in industrial automation reduces labor and production costs, which helps to increase the production output. Thus, these factors drive the growth of the human machine interface market. However, accidents occur due to operational errors such as failure to act on information provided by the interface or inability to operate machine correctly, which restrain the market growth. On the contrary, mobile HMIs allow manufacturing plants of all sizes to achieve greater efficiency through faster performance, improved connectivity, and more intuitive user interfaces that promote operator safety. This is expected to provide lucrative opportunities for growth of the human machine interface market.

The human machine interface market is segmented on the basis of offering, deployment mode, configuration end user, and region. On the basis of offering, it is segmented into life hardware and software. On the basis of deployment mode, it is segmented into on-premise and cloud. On the basis of configuration, it is bifurcated into embedded HMI and standalone HMI. On the basis of end user, it is segmented into oil and gas, food and beverages, chemicals, pharmaceutical, metal and mining, automotive, aerospace and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The report analyzes the profiles of key players operating in the human machine interface market such as ABB, Advantech Co., Ltd., Emerson Electric Co., Honeywell International Inc., General Electric, Mitsubishi Electric Corporation, Rockwell Automation, Inc., Schneider Electric, Siemens AG and Yokogawa Electric Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the human machine interface market share.

Key Benefits For Stakeholders

The study provides an in-depth analysis of the market with current and future trends to elucidate the imminent investment pockets.

Information regarding key drivers, restraints, and opportunities along with their impact analysis on the market is provided in the report.

Porter's Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.

The quantitative analysis of the Global Human Machine Interface Market from 2021-2031 is provided to determine the market potential.

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Key Market Segments

By Industry Vertical

  • Oil and Gas
  • Food and Beverages
  • Chemicals
  • Pharmaceuticals
  • Metal and Mining
  • Automotive
  • Aerospace
  • Others

By Offering

  • Hardware
  • Software

By Deployment Mode

  • On-Premise
  • Cloud

By Configuration

  • Embedded HMI
  • Standalone HMI

By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
  • Key Market Players
  • ABB
  • Advantech Co., Ltd.
  • Siemens AG
  • General Electric
  • Rockwell Automation, Inc.
  • Emerson Electric Co.
  • Schneider Electric
  • Honeywell International Inc.
  • Mitsubishi Electric Corporation
  • Yokogawa Electric Corporation

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.3. Porter’s five forces analysis
3.4. Market dynamics
CHAPTER 4: HUMAN MACHINE INTERFACE MARKET, BY OFFERING
4.1. Overview
4.2. Hardware
4.3. Software
CHAPTER 5: HUMAN MACHINE INTERFACE MARKET, BY DEPLOYMENT MODE
5.1. Overview
5.2. On-Premise
5.3. Cloud
CHAPTER 6: HUMAN MACHINE INTERFACE MARKET, BY CONFIGURATION
6.1. Overview
6.2. Embedded HMI
6.3. Standalone HMI
CHAPTER 7: HUMAN MACHINE INTERFACE MARKET, BY INDUSTRY VERTICAL
7.1. Overview
7.2. Oil and Gas
7.3. Food and Beverages
7.4. Chemicals
7.5. Pharmaceuticals
7.6. Metal and Mining
7.7. Automotive
7.8. Aerospace
7.9. Others
CHAPTER 8: HUMAN MACHINE INTERFACE MARKET, BY REGION
8.1. Overview
8.2. North America
8.3. Europe
8.4. Asia-Pacific
8.5. LAMEA
CHAPTER 9: COMPETITIVE LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product mapping of top 10 player
9.4. Competitive dashboard
9.5. Competitive heatmap
9.6. Top player positioning, 2021
CHAPTER 10: COMPANY PROFILES
10.1. ABB
10.2. Advantech Co., Ltd.
10.3. Emerson Electric Co.
10.4. Honeywell International Inc.
10.5. General Electric
10.6. Mitsubishi Electric Corporation
10.7. Rockwell Automation, Inc.
10.8. Schneider Electric
10.9. Siemens AG
10.10. Yokogawa Electric Corporation
List of Tables
Table 01. Global Human Machine Interface Market, by Offering, 2021-2031 ($ Million)
Table 02. Human Machine Interface Market for Hardware, by Region, 2021-2031 ($ Million)
Table 03. Human Machine Interface Market for Software, by Region, 2021-2031 ($ Million)
Table 04. Global Human Machine Interface Market, by Deployment Mode, 2021-2031 ($ Million)
Table 05. Human Machine Interface Market for On-Premise, by Region, 2021-2031 ($ Million)
Table 06. Human Machine Interface Market for Cloud, by Region, 2021-2031 ($ Million)
Table 07. Global Human Machine Interface Market, by Configuration, 2021-2031 ($ Million)
Table 08. Human Machine Interface Market for Embedded Hmi, by Region, 2021-2031 ($ Million)
Table 09. Human Machine Interface Market for Standalone Hmi, by Region, 2021-2031 ($ Million)
Table 10. Global Human Machine Interface Market, by Industry Vertical, 2021-2031 ($ Million)
Table 11. Human Machine Interface Market for Oil and Gas, by Region, 2021-2031 ($ Million)
Table 12. Human Machine Interface Market for Food and Beverages, by Region, 2021-2031 ($ Million)
Table 13. Human Machine Interface Market for Chemicals, by Region, 2021-2031 ($ Million)
Table 14. Human Machine Interface Market for Pharmaceuticals, by Region, 2021-2031 ($ Million)
Table 15. Human Machine Interface Market for Metal and Mining, by Region, 2021-2031 ($ Million)
Table 16. Human Machine Interface Market for Automotive, by Region, 2021-2031 ($ Million)
Table 17. Human Machine Interface Market for Aerospace, by Region, 2021-2031 ($ Million)
Table 18. Human Machine Interface Market for Others, by Region, 2021-2031 ($ Million)
Table 19. Human Machine Interface Market, by Region, 2021-2031 ($ Million)
Table 20. North America Human Machine Interface Market, by Offering, 2021-2031 ($ Million)
Table 21. North America Human Machine Interface Market, by Deployment Mode, 2021-2031 ($ Million)
Table 22. North America Human Machine Interface Market, by Configuration, 2021-2031 ($ Million)
Table 23. North America Human Machine Interface Market, by Industry Vertical, 2021-2031 ($ Million)
Table 24. North America Human Machine Interface Market, by Country, 2021-2031 ($ Million)
Table 25. U.S. Human Machine Interface Market, by Offering, 2021-2031 ($ Million)
Table 26. U.S. Human Machine Interface Market, by Deployment Mode, 2021-2031 ($ Million)
Table 27. U.S. Human Machine Interface Market, by Configuration, 2021-2031 ($ Million)
Table 28. U.S. Human Machine Interface Market, by Industry Vertical, 2021-2031 ($ Million)
Table 29. Canada Human Machine Interface Market, by Offering, 2021-2031 ($ Million)
Table 30. Canada Human Machine Interface Market, by Deployment Mode, 2021-2031 ($ Million)
Table 31. Canada Human Machine Interface Market, by Configuration, 2021-2031 ($ Million)
Table 32. Canada Human Machine Interface Market, by Industry Vertical, 2021-2031 ($ Million)
Table 33. Europe Human Machine Interface Market, by Offering, 2021-2031 ($ Million)
Table 34. Europe Human Machine Interface Market, by Deployment Mode, 2021-2031 ($ Million)
Table 35. Europe Human Machine Interface Market, by Configuration, 2021-2031 ($ Million)
Table 36. Europe Human Machine Interface Market, by Industry Vertical, 2021-2031 ($ Million)
Table 37. Europe Human Machine Interface Market, by Country, 2021-2031 ($ Million)
Table 38. UK Human Machine Interface Market, by Offering, 2021-2031 ($ Million)
Table 39. UK Human Machine Interface Market, by Deployment Mode, 2021-2031 ($ Million)
Table 40. UK Human Machine Interface Market, by Configuration, 2021-2031 ($ Million)
Table 41. UK Human Machine Interface Market, by Industry Vertical, 2021-2031 ($ Million)
Table 42. Germany Human Machine Interface Market, by Offering, 2021-2031 ($ Million)
Table 43. Germany Human Machine Interface Market, by Deployment Mode, 2021-2031 ($ Million)
Table 44. Germany Human Machine Interface Market, by Configuration, 2021-2031 ($ Million)
Table 45. Germany Human Machine Interface Market, by Industry Vertical, 2021-2031 ($ Million)
Table 46. France Human Machine Interface Market, by Offering, 2021-2031 ($ Million)
Table 47. France Human Machine Interface Market, by Deployment Mode, 2021-2031 ($ Million)
Table 48. France Human Machine Interface Market, by Configuration, 2021-2031 ($ Million)
Table 49. France Human Machine Interface Market, by Industry Vertical, 2021-2031 ($ Million)
Table 50. Italy Human Machine Interface Market, by Offering, 2021-2031 ($ Million)
Table 51. Italy Human Machine Interface Market, by Deployment Mode, 2021-2031 ($ Million)
Table 52. Italy Human Machine Interface Market, by Configuration, 2021-2031 ($ Million)
Table 53. Italy Human Machine Interface Market, by Industry Vertical, 2021-2031 ($ Million)
Table 54. Spain Human Machine Interface Market, by Offering, 2021-2031 ($ Million)
Table 55. Spain Human Machine Interface Market, by Deployment Mode, 2021-2031 ($ Million)
Table 56. Spain Human Machine Interface Market, by Configuration, 2021-2031 ($ Million)
Table 57. Spain Human Machine Interface Market, by Industry Vertical, 2021-2031 ($ Million)
Table 58. Rest of Europe Human Machine Interface Market, by Offering, 2021-2031 ($ Million)
Table 59. Rest of Europe Human Machine Interface Market, by Deployment Mode, 2021-2031 ($ Million)
Table 60. Rest of Europe Human Machine Interface Market, by Configuration, 2021-2031 ($ Million)
Table 61. Rest of Europe Human Machine Interface Market, by Industry Vertical, 2021-2031 ($ Million)
Table 62. Asia-Pacific Human Machine Interface Market, by Offering, 2021-2031 ($ Million)
Table 63. Asia-Pacific Human Machine Interface Market, by Deployment Mode, 2021-2031 ($ Million)
Table 64. Asia-Pacific Human Machine Interface Market, by Configuration, 2021-2031 ($ Million)
Table 65. Asia-Pacific Human Machine Interface Market, by Industry Vertical, 2021-2031 ($ Million)
Table 66. Asia-Pacific Human Machine Interface Market, by Country, 2021-2031 ($ Million)
Table 67. China Human Machine Interface Market, by Offering, 2021-2031 ($ Million)
Table 68. China Human Machine Interface Market, by Deployment Mode, 2021-2031 ($ Million)
Table 69. China Human Machine Interface Market, by Configuration, 2021-2031 ($ Million)
Table 70. China Human Machine Interface Market, by Industry Vertical, 2021-2031 ($ Million)
Table 71. Japan Human Machine Interface Market, by Offering, 2021-2031 ($ Million)
Table 72. Japan Human Machine Interface Market, by Deployment Mode, 2021-2031 ($ Million)
Table 73. Japan Human Machine Interface Market, by Configuration, 2021-2031 ($ Million)
Table 74. Japan Human Machine Interface Market, by Industry Vertical, 2021-2031 ($ Million)
Table 75. India Human Machine Interface Market, by Offering, 2021-2031 ($ Million)
Table 76. India Human Machine Interface Market, by Deployment Mode, 2021-2031 ($ Million)
Table 77. India Human Machine Interface Market, by Configuration, 2021-2031 ($ Million)
Table 78. India Human Machine Interface Market, by Industry Vertical, 2021-2031 ($ Million)
Table 79. Australia Human Machine Interface Market, by Offering, 2021-2031 ($ Million)
Table 80. Australia Human Machine Interface Market, by Deployment Mode, 2021-2031 ($ Million)
Table 81. Australia Human Machine Interface Market, by Configuration, 2021-2031 ($ Million)
Table 82. Australia Human Machine Interface Market, by Industry Vertical, 2021-2031 ($ Million)
Table 83. South Korea Human Machine Interface Market, by Offering, 2021-2031 ($ Million)
Table 84. South Korea Human Machine Interface Market, by Deployment Mode, 2021-2031 ($ Million)
Table 85. South Korea Human Machine Interface Market, by Configuration, 2021-2031 ($ Million)
Table 86. South Korea Human Machine Interface Market, by Industry Vertical, 2021-2031 ($ Million)
Table 87. Rest of Asia-Pacific Human Machine Interface Market, by Offering, 2021-2031 ($ Million)
Table 88. Rest of Asia-Pacific Human Machine Interface Market, by Deployment Mode, 2021-2031 ($ Million)
Table 89. Rest of Asia-Pacific Human Machine Interface Market, by Configuration, 2021-2031 ($ Million)
Table 90. Rest of Asia-Pacific Human Machine Interface Market, by Industry Vertical, 2021-2031 ($ Million)
Table 91. LAMEA Human Machine Interface Market, by Offering, 2021-2031 ($ Million)
Table 92. LAMEA Human Machine Interface Market, by Deployment Mode, 2021-2031 ($ Million)
Table 93. LAMEA Human Machine Interface Market, by Configuration, 2021-2031 ($ Million)
Table 94. LAMEA Human Machine Interface Market, by Industry Vertical, 2021-2031 ($ Million)
Table 95. LAMEA Human Machine Interface Market, by Country, 2021-2031 ($ Million)
Table 96. Latin America Human Machine Interface Market, by Offering, 2021-2031 ($ Million)
Table 97. Latin America Human Machine Interface Market, by Deployment Mode, 2021-2031 ($ Million)
Table 98. Latin America Human Machine Interface Market, by Configuration, 2021-2031 ($ Million)
Table 99. Latin America Human Machine Interface Market, by Industry Vertical, 2021-2031 ($ Million)
Table 100. Middle East Human Machine Interface Market, by Offering, 2021-2031 ($ Million)
Table 101. Middle East Human Machine Interface Market, by Deployment Mode, 2021-2031 ($ Million)
Table 102. Middle East Human Machine Interface Market, by Configuration, 2021-2031 ($ Million)
Table 103. Middle East Human Machine Interface Market, by Industry Vertical, 2021-2031 ($ Million)
Table 104. Africa Human Machine Interface Market, by Offering, 2021-2031 ($ Million)
Table 105. Africa Human Machine Interface Market, by Deployment Mode, 2021-2031 ($ Million)
Table 106. Africa Human Machine Interface Market, by Configuration, 2021-2031 ($ Million)
Table 107. Africa Human Machine Interface Market, by Industry Vertical, 2021-2031 ($ Million)
Table 108. Abb: Key Executives
Table 109. Abb: Company Snapshot
Table 110. Abb: Product Segments
Table 111. Abb: Product Portfolio
Table 112. Abb: Key Stratergies
Table 113. Advantech Co. Ltd.: Key Executives
Table 114. Advantech Co. Ltd.: Company Snapshot
Table 115. Advantech Co. Ltd.: Service Segments
Table 116. Advantech Co. Ltd.: Product Portfolio
Table 117. Emerson Electric Co. : Key Executives
Table 118. Emerson Electric Co. : Company Snapshot
Table 119. Emerson Electric Co. : Service Segments
Table 120. Emerson Electric Co. : Product Portfolio
Table 121. Emerson Electric Co. : Key Stratergies
Table 122. Honeywell International Inc.: Key Executives
Table 123. Honeywell International Inc.: Company Snapshot
Table 124. Honeywell International Inc.: Product Segments
Table 125. Honeywell International Inc.: Product Portfolio
Table 126. General Electric: Key Executives
Table 127. General Electric: Company Snapshot
Table 128. General Electric: Service Segments
Table 129. General Electric: Product Portfolio
Table 130. Mitsubishi Electric Corporation: Key Executives
Table 131. Mitsubishi Electric Corporation: Company Snapshot
Table 132. Mitsubishi Electric Corporation: Product Segments
Table 133. Mitsubishi Electric Corporation: Product Portfolio
Table 134. Mitsubishi Electric Corporation: Key Stratergies
Table 135. Rockwell Automation, Inc.: Key Executives
Table 136. Rockwell Automation, Inc.: Company Snapshot
Table 137. Rockwell Automation, Inc.: Service Segments
Table 138. Rockwell Automation, Inc.: Product Portfolio
Table 139. Schneider Electric: Key Executives
Table 140. Schneider Electric: Company Snapshot
Table 141. Schneider Electric: Product Segments
Table 142. Schneider Electric: Product Portfolio
Table 143. Siemens Ag: Key Executives
Table 144. Siemens Ag: Company Snapshot
Table 145. Siemens Ag: Product Segments
Table 146. Siemens Ag: Product Portfolio
Table 147. Siemens Ag: Key Stratergies
Table 148. Yokogawa Electric Corporation: Key Executives
Table 149. Yokogawa Electric Corporation: Company Snapshot
Table 150. Yokogawa Electric Corporation: Service Segments
Table 151. Yokogawa Electric Corporation: Product Portfolio
List of Figures
Figure 01. Human Machine Interface Market, 2021-2031
Figure 02. Segmentation of Human Machine Interface Market, 2021-2031
Figure 03. Top Impacting Factors in Human Machine Interface Market
Figure 04. Top Investment Pockets in Human Machine Interface Market (2022-2031)
Figure 05. Moderate Bargaining Power of Suppliers
Figure 06. Low Threat of New Entrants
Figure 07. Moderate Threat of Substitutes
Figure 08. Moderate Intensity of Rivalry
Figure 09. High Bargaining Power of Buyers
Figure 10. Global Human Machine Interface Market: Drivers, Restraints and Opportunities
Figure 11. Human Machine Interface Market, by Offering, 2021 and 2031 (%)
Figure 12. Comparative Share Analysis of Human Machine Interface Market for Hardware, by Country 2021 and 2031 (%)
Figure 13. Comparative Share Analysis of Human Machine Interface Market for Software, by Country 2021 and 2031 (%)
Figure 14. Human Machine Interface Market, by Deployment Mode, 2021 and 2031 (%)
Figure 15. Comparative Share Analysis of Human Machine Interface Market for On-Premise, by Country 2021 and 2031 (%)
Figure 16. Comparative Share Analysis of Human Machine Interface Market for Cloud, by Country 2021 and 2031 (%)
Figure 17. Human Machine Interface Market, by Configuration, 2021 and 2031 (%)
Figure 18. Comparative Share Analysis of Human Machine Interface Market for Embedded Hmi, by Country 2021 and 2031 (%)
Figure 19. Comparative Share Analysis of Human Machine Interface Market for Standalone Hmi, by Country 2021 and 2031 (%)
Figure 20. Human Machine Interface Market, by Industry Vertical, 2021 and 2031 (%)
Figure 21. Comparative Share Analysis of Human Machine Interface Market for Oil and Gas, by Country 2021 and 2031 (%)
Figure 22. Comparative Share Analysis of Human Machine Interface Market for Food and Beverages, by Country 2021 and 2031 (%)
Figure 23. Comparative Share Analysis of Human Machine Interface Market for Chemicals, by Country 2021 and 2031 (%)
Figure 24. Comparative Share Analysis of Human Machine Interface Market for Pharmaceuticals, by Country 2021 and 2031 (%)
Figure 25. Comparative Share Analysis of Human Machine Interface Market for Metal and Mining, by Country 2021 and 2031 (%)
Figure 26. Comparative Share Analysis of Human Machine Interface Market for Automotive, by Country 2021 and 2031 (%)
Figure 27. Comparative Share Analysis of Human Machine Interface Market for Aerospace, by Country 2021 and 2031 (%)
Figure 28. Comparative Share Analysis of Human Machine Interface Market for Others, by Country 2021 and 2031 (%)
Figure 29. Human Machine Interface Market by Region, 2021 and 2031 (%)
Figure 30. U.S. Human Machine Interface Market, 2021-2031 ($ Million)
Figure 31. Canada Human Machine Interface Market, 2021-2031 ($ Million)
Figure 32. UK Human Machine Interface Market, 2021-2031 ($ Million)
Figure 33. Germany Human Machine Interface Market, 2021-2031 ($ Million)
Figure 34. France Human Machine Interface Market, 2021-2031 ($ Million)
Figure 35. Italy Human Machine Interface Market, 2021-2031 ($ Million)
Figure 36. Spain Human Machine Interface Market, 2021-2031 ($ Million)
Figure 37. Rest of Europe Human Machine Interface Market, 2021-2031 ($ Million)
Figure 38. China Human Machine Interface Market, 2021-2031 ($ Million)
Figure 39. Japan Human Machine Interface Market, 2021-2031 ($ Million)
Figure 40. India Human Machine Interface Market, 2021-2031 ($ Million)
Figure 41. Australia Human Machine Interface Market, 2021-2031 ($ Million)
Figure 42. South Korea Human Machine Interface Market, 2021-2031 ($ Million)
Figure 43. Rest of Asia-Pacific Human Machine Interface Market, 2021-2031 ($ Million)
Figure 44. Latin America Human Machine Interface Market, 2021-2031 ($ Million)
Figure 45. Middle East Human Machine Interface Market, 2021-2031 ($ Million)
Figure 46. Africa Human Machine Interface Market, 2021-2031 ($ Million)
Figure 47. Top Winning Strategies, by Year (2019-2021)
Figure 48. Top Winning Strategies, by Development (2019-2021)
Figure 49. Top Winning Strategies, by Company (2019-2021)
Figure 50. Product Mapping of Top 10 Players
Figure 51. Competitive Dashboard
Figure 52. Competitive Heatmap: Human Machine Interface Market
Figure 53. Top Player Positioning, 2021
Figure 54. Abb: Net Revenue, 2020-2022 ($ Million)
Figure 55. Abb: Revenue Share by Segment, 2022 (%)
Figure 56. Abb: Revenue Share by Region, 2022 (%)
Figure 57. Advantech Co. Ltd.: Net Revenue, 2020-2022 ($ Million)
Figure 58. Advantech Co. Ltd.: Revenue Share by Segment, 2021 (%)
Figure 59. Emerson Electric Co. : Net Sales, 2019-2021 ($ Million)
Figure 60. Emerson Electric Co. : Revenue Share by Segment, 2021 (%)
Figure 61. Honeywell International Inc.: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 62. Honeywell International Inc.: Net Sales, 2020-2022 ($ Million)
Figure 63. Honeywell International Inc.: Revenue Share by Segment, 2022 (%)
Figure 64. Honeywell International Inc.: Revenue Share by Region, 2021 (%)
Figure 65. General Electric: Net Revenue, 2020-2022 ($ Million)
Figure 66. General Electric: Revenue Share by Segment, 2022 (%)
Figure 67. General Electric: Revenue Share by Region, 2022 (%)
Figure 68. Mitsubishi Electric Corporation: Net Sales, 2021-2023 ($Billion)
Figure 69. Mitsubishi Electric Corporation: Research & Development Expenditure, 2021-2023 ($Billion)
Figure 70. Mitsubishi Electric Corporation: Revenue Share by Segment, 2022 (%)
Figure 71. Mitsubishi Electric Corporation: Revenue Share by Region, 2022 (%)
Figure 72. Rockwell Automation, Inc.: Net Sales, 2019-2021 ($ Million)
Figure 73. Rockwell Automation, Inc.: Revenue Share by Region, 2021 (%)
Figure 74. Rockwell Automation, Inc.: Revenue Share by Segment, 2021 (%)
Figure 75. Schneider Electric Se.: Net Revenue, 2020-2022 ($ Million)
Figure 76. Schneider Electric Se.: Revenue Share by Segment, 2022 (%)
Figure 77. Schneider Electric Se.: Revenue Share by Region, 2022 (%)
Figure 78. Siemens: Net Revenue, 2020-2022 ($ Million)
Figure 79. Siemens: Revenue Share by Segment, 2022 (%)
Figure 80. Siemens: Revenue Share by Region, 2022 (%)
Figure 81. Yokogawa Electric Corporation: Net Sales, 2020-2022 ($ Million)
Figure 82. Yokogawa Electric Corporation: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 83. Yokogawa Electric Corporation: Revenue Share by Segment, 2022 (%)
Figure 84. Yokogawa Electric Corporation: Revenue Share by Region, 2022 (%)

Executive Summary

According to the report, the global human machine interface market was valued at $4 billion in 2021, and is estimated to reach $10.8 billion by 2031, growing at a CAGR of 10.8% from 2022 to 2031.

The Human Machine Interface Market is likely to experience a significant growth rate of 10.8% from 2022-2031 owing to increasing market demand from the automotive sector and a rise in demand for automation of manufacturing industries.

A Human-Machine Interface (HMI) is a user interface or dashboard that connects a person to a machine, system, or device. HMI is most commonly used in the context of an industrial process, while the term can technically be applied to any screen that allows a user to interact with a device.

HMIs utilized in the industrial context are mostly screens or touchscreens that connect users to machines, systems, or devices. Factory operators use HMIs to control and automate machinery, as well as their production lines. HMIs can be simple screen displays mounted on machines in the factory, advanced touchscreens, multi-touch-enabled control panels, push buttons, and computers with keyboards, mobile devices or a tablet.

Surge in industrial automation and increase in demand for monitoring the production plants are major growth factors for the market. However, high costs and investment and inadequate HMI design are the major factors hampering the growth of the market. On the contrary, rise in deployment of advanced technologies and increase in adoption of mobile HMIs will provide lucrative opportunities for the growth of the market in the upcoming years.

Moreover, increasing demand for high-resolution displays for efficient process analysis offers huge growth opportunities for HMI market. In addition, continuous updates and upgrades of computer processors are also replacing older systems and increasing product demand, along with advances in broadband access technology are also expected to drive significant growth during the forecast period.

COVID-19 had a positive impact on the human machine interface market. This is caused by owing to the increasing use of smart devices and appliances in almost every aspect of manufacturing work operations. People have been forced to work from home, which was increasing demand for human machine interface in the market. Moreover, the COVID-19 pandemic has also spurred cloud adoption across industrial sectors, as customers seek to take advantage of cloud benefits, including scalability and cost savings. Furthermore, in the approaching years, it is anticipated that this aspect will present the human machine interface industry with numerous, very lucrative prospects.

The human machine interface market is segmented on the basis of offering, deployment mode, configuration, end user, and region. On the basis of offering, it is bifurcated into life hardware and software. On the basis of deployment mode, it is bifurcated into on-premise and cloud. On the basis of configuration, it is bifurcated into embedded HMI and standalone HMI. On the basis of end user, it is segmented into oil and gas, food and beverages, chemicals, pharmaceutical, metal and mining, automotive, aerospace and others. Region wise, it is analyzed across North America (the U.S., and Canada), Europe (the UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).

The key players profiled in the study include ABB, Advantech Co., Ltd., Emerson Electric Co., Honeywell International Inc., General Electric, Mitsubishi Electric Corporation, Rockwell Automation, Inc., Schneider Electric, Siemens AG and Yokogawa Electric Corporation. The players in the market have been actively engaged in the adoption various strategies such as acquisition, product launch and partnership to remain competitive and gain advantage over the competitors in the market. For instance, in February 2020, Rockwell Automation fortified its control and representation portfolio with the procurement of ASEM, a specialist in the HMI and IPC market. This obtaining is relied upon to help grow Rockwell's control and perception equipment and programming portfolio and improve the organization's capacity to convey superior, incorporated robotization arrangements.

Key Market Insights

By component, the hardware segment was the highest revenue contributor to the market, and is estimated to reach $6.38 billion by 2031, with a CAGR of 9.8%. However, the software segment is estimated to be the fastest growing segment with the CAGR of 12.5% during the forecast period.

By deployment mode, the on-premise segment was the highest revenue contributor to the market, and is estimated to reach $4.99 billion by 2031, with a CAGR of 8.5%.

By configuration, the contact standalone HMI segment was the highest revenue contributor to the market, and is estimated to reach $5.93 billion by 2031, with a CAGR of 9.3%.

By industry vertical, the Automotive segment dominated the global market, and is estimated to reach $1.64 billion by 2031, with a CAGR of 6.8%. However, the pharmaceuticals segment is expected to be the fastest growing segment during the Human machine interface market forecast.

Based on region, North America was the highest revenue contributor, accounting for $1.45 billion in 2021, and is estimated to reach $3.25 billion by 2031, with a CAGR of 8.6%.

Companies Mentioned

  • ABB
  • Advantech Co., Ltd.
  • Siemens AG
  • General Electric
  • Rockwell Automation, Inc.
  • Emerson Electric Co.
  • Schneider Electric
  • Honeywell International Inc.
  • Mitsubishi Electric Corporation
  • Yokogawa Electric Corporation

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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