Human Machine Interface Market
Global Human Machine Interface Market Size, Share & Trends Analysis Report By Configuration (Embedded HMI and Stand-Alone HMI), By Industry Verticals (Food & Beverages, Pharmaceuticals, Automotive, Oil & Gas, and Others), and Forecast 2020-2026
The global human-machine interface (HMI) market is anticipated to grow at a CAGR of over 10% during the forecast period. HMI is a dashboard used to connect a person to any machine, system, or device for the operation of that machine. In simpler forms, HMI can be understood as any screen that enables the user to interact with the device. The most common application of HMI is found in the context of an industrial process. This is anticipated to increase the HMI market shares considerably during the forecast period.
Additionally, factors such as increasing use of HMI in industrial automation will drive the HMI market. In addition to this, the rapid shifting of enterprises, both small and medium, towards mobility will also impact the growth of the human-machine interface market during the forecast period. However, lack of awareness regarding the benefits of efficiency and data security provided by the human-machine interface will significantly restrain the growth of the human-machine interface market. Besides, the market will have new opportunities in developing economies such as India and China owing to the rapid industrialization across the region.
Segmental Outlook
The global human machine interface market is segmented based on the configuration and industry verticals. Based on the configuration, the market is bifurcated into embedded HMI and stand-alone HMI. Based on the industry verticals, the market is sub-segmented into the food & beverages, pharmaceutical, automotive, oil & gas, and others.
Global Human Machine Interface Market Share by Configuration, 2019 (%)
Embedded HMI Segment to Grow at a Significant CAGR
The embedded HMI is anticipated to grow at a significant CAGR during the forecast period. Embedded HMI provides more communication options and improved operator interface functionality to their components which is anticipated to drive the growth of the embedded HMI segment in the HMI market. Additionally, the embedded HMI consumes less energy in comparison to separate PC. In addition, they cost much less in terms of hardware investment, development time which will increase the adoption of embedded HMI in the HMI market.
Regional Outlooks
The global HMI market is further segmented based on geography into North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to hold the largest market share in the HMI market during the forecast period. The growth of the HMI market in the region is owing to the increasing automating industrial process across the region. Additionally, the well-developed vertical industries of HMI such as energy, healthcare, and defense in North America will also fuel the growth of the HMI market during the forecast period.
Global HMI Market Growth by Region, 2020-2026
Asia-Pacific to Grow Significantly During the Forecast Period
Asia-Pacific is anticipated to exhibit significant growth rate in the HMI market owing to the increasing number of countries with manufacturing hubs such as India, China, Japan, and many more. In addition to this, the government initiatives to increase the technological advanced industrial activities in the region will also significantly drive the HMI market across the region. For instance, the Make in India initiative is driving the industrial activities in India. The Indian Brand Equity Foundation (IBEF) estimates the manufacturing sector of India is expected to reach $1 trillion by the year 2025. This present future opportunity for the regional growth of the market.
Market Players Outlook
Some of the key players of the human machine interface market include ABB Ltd., Mitsubishi Electric Corp., Schneider Electric SE, Rockwell Automation Inc., Siemens AG, Texas Instruments Inc., and others. The market players are considerably contributing to the market growth by adopting various strategies including new product launch, merger, and acquisition, collaborations to stay competitive in the market.
Recent Activities
- In October 2019, Mitsubishi Corp. announced the launch of the EMIRAI S concept car that is equipped with cutting-edge technologies, such as an innovative HMI and biological-sensing technologies. This is expected to contribute to safe and secure transportation as well as enhanced passenger communication in the further mobility-as-a-service (MaaS) society.
- In December 2019, Beckhoff Automation GmbH & Co. KGwo announced the addition of new TwinCAT capabilities that are designed especially to streamline the machine-building engineering process. The new developments will take the TwinCAT to the cloud and enable one-click HMI dashboard creation.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global human machine interface market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Key Strategy Analysis
3.2. Key Company Analysis
3.2.1. ABB Ltd.
3.2.1.1. Overview
3.2.1.2. Financial Analysis
3.2.1.3. SWOT Analysis
3.2.1.4. Recent Developments
3.2.2. Rockwell Automation Inc.
3.2.2.1. Overview
3.2.2.2. Financial Analysis
3.2.2.3. SWOT Analysis
3.2.2.4. Recent Developments
3.2.3. Mitsubishi Electric Corp.
3.2.3.1. Overview
3.2.3.2. Financial Analysis
3.2.3.3. SWOT Analysis
3.2.3.4. Recent Developments
3.2.4. Schneider Electric SE
3.2.4.1. Overview
3.2.4.2. Financial Analysis
3.2.4.3. SWOT Analysis
3.2.4.4. Recent Developments
3.2.5. Siemens AG
3.2.5.1. Overview
3.2.5.2. Financial Analysis
3.2.5.3. SWOT Analysis
3.2.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Human Machine Interface Market by Configuration
5.1.1. Embedded HMI
5.1.2. Stand-Alone HMI
5.2. Global Human Machine Interface Market by Industry Verticals
5.2.1. Food & Beverages
5.2.2. Pharmaceutical
5.2.3. Automotive
5.2.4. Oil & Gas
5.2.5. Others (Metal & Mining, Semiconductor & Electronics)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. ABB Ltd.
7.2. Beckhoff Automation GmbH & Co. KG
7.3. Beijer Electronics
7.4. Eaton Corp. plc
7.5. Emerson Electric Co.
7.6. Exor International
7.7. General Electric Co.
7.8. Honeywell International Inc.
7.9. Komax Group
7.10. Kontron S&T AG
7.11. Mitsubishi Electric Corp.
7.12. OMRON Corp.
7.13. Red Lion Controls, Inc.
7.14. Robert Bosch GmbH
7.15. Rockwell Automation, Inc.
7.16. Schneider Electric SE
7.17. Siemens AG
7.18. Texas Instruments Incorporated
7.19. Weintek Labs., Inc.
7.20. Yokogawa Corp. of America
1. GLOBAL HUMAN MACHINE INTERFACE MARKET RESEARCH AND ANALYSIS BY CONFIGURATION, 2019-2026 ($ MILLION)
2. GLOBAL EMBEDDED HMI MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL STAND-ALONE HMI MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL HUMAN MACHINE INTERFACE MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICALS, 2019-2026 ($ MILLION)
5. GLOBAL HUMAN MACHINE INTERFACE IN FOOD & BEVERAGE INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
6. GLOBAL HUMAN MACHINE INTERFACE IN PHARMACEUTICAL INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
7. GLOBAL HUMAN MACHINE INTERFACE IN AUTOMOTIVE INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
8. GLOBAL HUMAN MACHINE INTERFACE IN OIL & GAS INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL HUMAN MACHINE INTERFACE IN OTHER INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
10. GLOBAL HUMAN MACHINE INTERFACE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
11. NORTH AMERICAN HUMAN MACHINE INTERFACE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
12. NORTH AMERICAN HUMAN MACHINE INTERFACE MARKET RESEARCH AND ANALYSIS BY CONFIGURATION, 2019-2026 ($ MILLION)
13. NORTH AMERICAN HUMAN MACHINE INTERFACE MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICALS, 2019-2026 ($ MILLION)
14. EUROPEAN HUMAN MACHINE INTERFACE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
15. EUROPEAN HUMAN MACHINE INTERFACE MARKET RESEARCH AND ANALYSIS BY CONFIGURATION, 2019-2026 ($ MILLION)
16. EUROPEAN HUMAN MACHINE INTERFACE MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICALS, 2019-2026 ($ MILLION)
17. ASIA-PACIFIC HUMAN MACHINE INTERFACE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
18. ASIA-PACIFIC HUMAN MACHINE INTERFACE MARKET RESEARCH AND ANALYSIS BY CONFIGURATION, 2019-2026 ($ MILLION)
19. ASIA-PACIFIC HUMAN MACHINE INTERFACE MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICALS, 2019-2026 ($ MILLION)
20. REST OF THE WORLD HUMAN MACHINE INTERFACE MARKET RESEARCH AND ANALYSIS BY CONFIGURATION, 2019-2026 ($ MILLION)
21. REST OF THE WORLD HUMAN MACHINE INTERFACE MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICALS, 2019-2026 ($ MILLION)
1. GLOBAL HUMAN MACHINE INTERFACE MARKET SHARE BY CONFIGURATION, 2019 VS 2026(%)
2. GLOBAL HUMAN MACHINE INTERFACE MARKET SHARE BY INDUSTRY VERTICALS, 2019 VS 2026(%)
3. GLOBAL HUMAN MACHINE INTERFACE MARKET SHARE BY GEOGRAPHY, 2019 VS 2026(%)
4. US HUMAN MACHINE INTERFACE MARKET SIZE, 2019-2026 ($ MILLION)
5. CANADA HUMAN MACHINE INTERFACE MARKET SIZE, 2019-2026 ($ MILLION)
6. UK HUMAN MACHINE INTERFACE MARKET SIZE, 2019-2026 ($ MILLION)
7. FRANCE HUMAN MACHINE INTERFACE MARKET SIZE, 2019-2026 ($ MILLION)
8. GERMANY HUMAN MACHINE INTERFACE MARKET SIZE, 2019-2026 ($ MILLION)
9. ITALY HUMAN MACHINE INTERFACE MARKET SIZE, 2019-2026 ($ MILLION)
10. SPAIN HUMAN MACHINE INTERFACE MARKET SIZE, 2019-2026 ($ MILLION)
11. ROE HUMAN MACHINE INTERFACE MARKET SIZE, 2019-2026 ($ MILLION)
12. INDIA HUMAN MACHINE INTERFACE MARKET SIZE, 2019-2026 ($ MILLION)
13. CHINA HUMAN MACHINE INTERFACE MARKET SIZE, 2019-2026 ($ MILLION)
14. JAPAN HUMAN MACHINE INTERFACE MARKET SIZE, 2019-2026 ($ MILLION)
15. REST OF ASIA-PACIFIC HUMAN MACHINE INTERFACE MARKET SIZE, 2019-2026 ($ MILLION)
16. REST OF THE WORLD HUMAN MACHINE INTERFACE MARKET SIZE, 2019-2026 ($ MILLION)
