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Human Machine Interface Market Size, Share & Trends Analysis Report By Product (Display Terminals, Interface Software, Industrial PCs, Others), By Application, By Region, And Segment Forecasts, 2023 - 2030

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    Report

  • 70 Pages
  • October 2023
  • Region: Global
  • Grand View Research
  • ID: 5899530
The global human machine interface market size is expected to reach USD 11.60 billion by 2030, registering a CAGR of 10.4% from 2023 to 2030. Developments in HMI programming software to integrate multi-vendor environment management ability is expected to fuel market growth over the coming years. In addition, advantages offered such as remote operation along with wide usage of HMIs in oil and gas and water treatment units for operating in harsh climates may also boost product demand significantly. This has also instigated companies to develop devices with better wear and tear properties.

Growing trend of protocol conversion for the exchange of data between all connected devices is anticipated to further catalyze HMI market growth. Moreover, technological advancements such as open platform architecture or OPA resulting in improvement of migration process is also likely to spur the demand in coming years.

Factors such as rising need for change in business process to incorporate HMIs along with high upfront capital may have adverse effects on the market development. Furthermore, awareness regarding HMIs among management and lower level staff along with the lack of experienced professionals may also affect the industry growth.

Human Machine Interface Market Report Highlights

  • Interface software accounted for substantial revenue share in 2022. This may be attributed to the increasing adoption of PC- based open source monitoring and controlling system worldwide.
  • Development of new and innovative displays along with emergence of industrial internet of things may contribute towards further growth in the display terminal segment.
  • Oil & gas emerged as the dominant application and register a significant CAGR of over 11.4% over the forecast period. This may be attributed to increasing demand from the oil & gas sector owing to the benefits offered by HMI regarding the flow of information inside a pipeline without updated monitoring capabilities for overcoming a particular problem.
  • HMI offers several benefits regarding driver safety and security by integrating solutions such as ADAS, ACC and LDW, which are expected to drive demand in the automotive industry.
  • North America HMI market is estimated to hold majority share and accounted for more than 29.3% of the consumption in 2022. Additionally, Asia Pacific is anticipated to exhibit high growth over the next few years. This may be attributed to the migration of manufacturing processes to developing regions in order to capitalize on labor cost and high availability of raw materials in this region.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Product
1.1.2. Application
1.1.3. Regional scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product
2.2.2. Application
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. Human Machine Interface (HMI) Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.2. Market restraint analysis
3.3.3. Market opportunity analysis
3.4. Human Machine Interface (HMI) Market Analysis Tools
3.4.1. Industry analysis - Porter’s
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL analysis
3.4.2.1. Political landscape
3.4.2.2. Technological landscape
3.4.2.3. Economic landscape
Chapter 4. Human Machine Interface (HMI) Market: Product Estimates & Trend Analysis
4.1. Human Machine Interface (HMI) Market: Key Takeaways
4.2. Human Machine Interface (HMI) Market: Movement & Market Share Analysis, 2022 & 2030
4.3. Display Terminals
4.3.1. Display terminals market estimates and forecasts, 2017 to 2030 (USD Million)
4.4. Interface software
4.4.1. Interface software market estimates and forecasts, 2017 to 2030 (USD Million)
4.5. Industrial PCs
4.5.1. Industrial PCs market estimates and forecasts, 2017 to 2030 (USD Million)
4.6. Others
4.6.1. Others market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 5. Human Machine Interface (HMI) Market: Application Estimates & Trend Analysis
5.1. Human Machine Interface (HMI) Market: Key Takeaways
5.2. Human Machine Interface (HMI) Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Automotive
5.3.1. Automotive market estimates and forecasts, 2017 to 2030 (USD Million)
5.4. Food & beverages
5.4.1. Food & beverages market estimates and forecasts, 2017 to 2030 (USD Million)
5.5. Oil & gas
5.5.1. Oil & gas market estimates and forecasts, 2017 to 2030 (USD Million)
5.6. Packaging
5.6.1. Packaging market estimates and forecasts, 2017 to 2030 (USD Million)
5.7. Others
5.7.1. Others market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 6. Human Machine Interface (HMI) Market: Regional Estimates & Trend Analysis
6.1. Regional Outlook
6.2. Human Machine Interface (HMI) Market by Region: Key Takeaway
6.3. North America
6.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.3.2. U.S.
6.3.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.3.3. Canada
6.3.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.4. Europe
6.4.1. UK
6.4.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.4.2. Germany
6.4.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.4.3. France
6.4.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.5. Asia Pacific
6.5.1. Japan
6.5.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.5.2. China
6.5.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.5.3. India
6.5.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.5.4. Australia
6.5.4.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.5.5. South Korea
6.5.5.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.6. Latin America
6.6.1. Brazil
6.6.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.6.2. Mexico
6.6.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.7. MEA
6.7.1. Saudi Arabia
6.7.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.7.2. South Africa
6.7.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.7.3. UAE
6.7.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Market Participant Categorization
7.2.1. Yokogawa India Ltd.
7.2.1.1. Company overview
7.2.1.2. Financial performance
7.2.1.3. Product benchmarking
7.2.1.4. Strategic initiatives
7.2.2. Rockwell Automation
7.2.2.1. Company overview
7.2.2.2. Financial performance
7.2.2.3. Product benchmarking
7.2.2.4. Strategic initiatives
7.2.3. Seimens
7.2.3.1. Company overview
7.2.3.2. Financial performance
7.2.3.3. Product benchmarking
7.2.3.4. Strategic initiatives
7.2.4. OMRON Corporation
7.2.4.1. Company overview
7.2.4.2. Financial performance
7.2.4.3. Product benchmarking
7.2.4.4. Strategic initiatives
7.2.5. Honeywell International Inc.
7.2.5.1. Company overview
7.2.5.2. Financial performance
7.2.5.3. Product benchmarking
7.2.5.4. Strategic initiatives
7.2.6. Emerson Electric Co.
7.2.6.1. Company overview
7.2.6.2. Financial performance
7.2.6.3. Product benchmarking
7.2.6.4. Strategic initiatives
7.2.7. Eaton
7.2.7.1. Company overview
7.2.7.2. Financial performance
7.2.7.3. Product benchmarking
7.2.7.4. Strategic initiatives
7.2.8. ABB
7.2.8.1. Company overview
7.2.8.2. Financial performance
7.2.8.3. Product benchmarking
7.2.8.4. Strategic initiatives
7.2.9. Advantech Co., Ltd.
7.2.9.1. Company overview
7.2.9.2. Financial performance
7.2.9.3. Product benchmarking
7.2.9.4. Strategic initiatives
7.2.10. General Electric
7.2.10.1. Company overview
7.2.10.2. Financial performance
7.2.10.3. Product benchmarking
7.2.10.4. Strategic initiatives
7.2.11. American Industrial Systems Inc. (AIS)
7.2.11.1. Company overview
7.2.11.2. Financial performance
7.2.11.3. Product benchmarking
7.2.11.4. Strategic initiatives
7.2.12. Beijer Electronics
7.2.12.1. Company overview
7.2.12.2. Financial performance
7.2.12.3. Product benchmarking
7.2.12.4. Strategic initiatives
List of Tables
Table 1 List of abbreviation
Table 2 North America human machine interface (HMI) market, by product, 2017-2030 (USD Million)
Table 3 North America human machine interface (HMI) market, by application, 2017-2030 (USD Million)
Table 4 North America human machine interface (HMI) market, by region, 2017 to 2030 (USD Million)
Table 5 U.S. human machine interface (HMI) market, by product, 2017-2030 (USD Million)
Table 6 U.S. human machine interface (HMI) market, by application, 2017-2030 (USD Million)
Table 7 Canada human machine interface (HMI) market, by product, 2017-2030 (USD Million)
Table 8 Canada human machine interface (HMI) market, by application, 2017-2030 (USD Million)
Table 9 Europe human machine interface (HMI) market, by product, 2017-2030 (USD Million)
Table 10 Europe human machine interface (HMI) market, by application, 2017-2030 (USD Million)
Table 11 Europe human machine interface (HMI) market, by region, 2017 to 2030 (USD Million)
Table 12 Germany human machine interface (HMI) market, by product, 2017-2030 (USD Million)
Table 13 Germany human machine interface (HMI) market, by application, 2017-2030 (USD Million)
Table 14 UK human machine interface (HMI) market, by product, 2017-2030 (USD Million)
Table 15 UK human machine interface (HMI) market, by application, 2017-2030 (USD Million)
Table 16 France human machine interface (HMI) market, by product, 2017-2030 (USD Million)
Table 17 France human machine interface (HMI) market, by application, 2017-2030 (USD Million)
Table 18 Asia Pacific human machine interface (HMI) market, by product, 2017-2030 (USD Million)
Table 19 Asia Pacific human machine interface (HMI) market, by application, 2017-2030 (USD Million)
Table 20 Asia Pacific human machine interface (HMI) market, by region, 2017 to 2030 (USD Million)
Table 21 China human machine interface (HMI) market, by product, 2017-2030 (USD Million)
Table 22 China human machine interface (HMI) market, by application, 2017-2030 (USD Million)
Table 23 Japan human machine interface (HMI) market, by product, 2017-2030 (USD Million)
Table 24 Japan human machine interface (HMI) market, by application, 2017-2030 (USD Million)
Table 25 India human machine interface (HMI) market, by product, 2017-2030 (USD Million)
Table 26 India human machine interface (HMI) market, by application, 2017-2030 (USD Million)
Table 27 Australia human machine interface (HMI) market, by product, 2017-2030 (USD Million)
Table 28 Australia human machine interface (HMI) market, by application, 2017-2030 (USD Million)
Table 29 South Korea human machine interface (HMI) market, by product, 2017-2030 (USD Million)
Table 30 South Korea human machine interface (HMI) market, by application, 2017-2030 (USD Million)
Table 31 Latin America human machine interface (HMI) market, by product, 2017-2030 (USD Million)
Table 32 Latin America human machine interface (HMI) market, by application, 2017-2030 (USD Million)
Table 33 Latin America human machine interface (HMI) market, by region, 2017 to 2030 (USD Million)
Table 34 Brazil human machine interface (HMI) market, by product, 2017-2030 (USD Million)
Table 35 Brazil human machine interface (HMI) market, by application, 2017-2030 (USD Million)
Table 36 Mexico human machine interface (HMI) market, by product, 2017-2030 (USD Million)
Table 37 Mexico human machine interface (HMI) market, by application, 2017-2030 (USD Million)
Table 38 Middle East and Africa human machine interface (HMI) market, by product, 2017-2030 (USD Million)
Table 39 Middle East and Africa human machine interface (HMI) market, by application, 2017-2030 (USD Million)
Table 40 Middle East and Africa human machine interface (HMI) market, by region, 2017 to 2030 (USD Million)
Table 41 South Africa human machine interface (HMI) market, by product, 2017-2030 (USD Million)
Table 42 South Africa human machine interface (HMI) market, by application, 2017-2030 (USD Million)
Table 43 Saudi Arabia human machine interface (HMI) market, by product, 2017-2030 (USD Million)
Table 44 Saudi Arabia human machine interface (HMI) market, by application, 2017-2030 (USD Million)
Table 45 UAE human machine interface (HMI) market, by product, 2017-2030 (USD Million)
Table 46 UAE human machine interface (HMI) market, by application, 2017-2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Human machine interface (HMI) market: Market outlook
Fig. 9 Human machine interface (HMI) market: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Human machine interface (HMI) market driver impact
Fig. 15 Human machine interface (HMI) market restraint impact
Fig. 16 Human machine interface (HMI) market strategic initiatives analysis
Fig. 17 Human machine interface (HMI) market: Product movement analysis
Fig. 18 Human machine interface (HMI) market: Product outlook and key takeaways
Fig. 19 Display terminals market estimates and forecasts, 2017-2030
Fig. 20 Interface software market estimates and forecasts, 2017-2030
Fig. 21 Industrial PCs market estimates and forecasts, 2017-2030
Fig. 22 Others market estimates and forecasts, 2017-2030
Fig. 23 Human machine interface (HMI) market: Application movement analysis
Fig. 24 Human machine interface (HMI) market: Application outlook and key takeaways
Fig. 25 Automotive market estimates and forecasts, 2017-2030
Fig. 26 Food and beverages market estimates and forecasts, 2017-2030
Fig. 27 Oil and gas market estimates and forecasts, 2017-2030
Fig. 28 Packaging market estimates and forecasts, 2017-2030
Fig. 29 Others market estimates and forecasts, 2017-2030
Fig. 30 Global human machine interface (HMI) market: Regional movement analysis
Fig. 31 Global human machine interface (HMI) market: Regional outlook and key takeaways
Fig. 32 North America market estimates and forecasts, 2017-2030
Fig. 33 U.S. market estimates and forecasts, 2017-2030
Fig. 34 Canada market estimates and forecasts, 2017-2030
Fig. 35 Europe market estimates and forecasts, 2017-2030
Fig. 36 UK market estimates and forecasts, 2017-2030
Fig. 37 Germany market estimates and forecasts, 2017-2030
Fig. 38 France market estimates and forecasts, 2017-2030
Fig. 39 Asia Pacific market estimates and forecasts, 2017-2030
Fig. 40 Japan market estimates and forecasts, 2017-2030
Fig. 41 China market estimates and forecasts, 2017-2030
Fig. 42 India market estimates and forecasts, 2017-2030
Fig. 43 Australia market estimates and forecasts, 2017-2030
Fig. 44 South Korea market estimates and forecasts, 2017-2030
Fig. 45 Latin America market estimates and forecasts, 2017-2030
Fig. 46 Brazil market estimates and forecasts, 2017-2030
Fig. 47 Mexico market estimates and forecasts, 2017-2030
Fig. 48 Middle East and Africa market estimates and forecasts, 2017-2030
Fig. 49 Saudi Arabia market estimates and forecasts, 2017-2030
Fig. 50 South Africa market estimates and forecasts, 2017-2030
Fig. 51 UAE market estimates and forecasts, 2017-2030

Companies Mentioned

  • Yokogawa India Ltd.
  • Rockwell Automation
  • Seimens
  • OMRON Corporation
  • Honeywell International Inc.
  • Emerson Electric Co.
  • Eaton
  • ABB
  • Advantech Co., Ltd.
  • General Electric
  • American Industrial Systems Inc. (AIS)
  • Beijer Electronics

Methodology

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Table Information