Human Machine Interface Global Market Report 2024

Description

“Human Machine Interface Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on human machine interface market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for human machine interface? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The human machine interface market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product: Hardware; Software; Services
2) By Configuration: Embedded HMI; Standalone HMI
3) By End-User: Chemicals And Petrochemicals; Food And Beverages; Oil And Gas; Paper; Packaging; Printing
Companies Mentioned: Rockwell Automation Inc; Siemens AG; Schneider Electric SE; Asea Brown Boveri Ltd.; Honeywell International Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Human-machine interface (HMI) refers to the technology that allows an operator to interact with and control a machine or system. It can involve both hardware and software components and plays a crucial role in centralizing and digitizing data for operators to optimize industrial processes.

The main products in the human-machine interface market include hardware, software, and services. The hardware component consists of the physical parts of the interface, encompassing both internal components and externally connected devices. The configuration of HMI can be either embedded, integrated within a larger system, or standalone, operating independently. Various end-users benefit from human-machine interfaces, including industries such as chemicals and petrochemicals, food and beverages, oil and gas, as well as paper, packaging, and printing.

The human-machine interface market research report is one of a series of new reports from The Business Research Company that provides human-machine interface market statistics, including global market size, regional shares, competitors with a human-machine interface market share, detailed human-machine interface market segments, market trends and opportunities, and any further data you may need to thrive in the human-machine interface industry. This human-machine interface market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The human machine interface market size has grown strongly in recent years. It will grow from $5.28 billion in 2023 to $5.77 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth observed during the historical period can be attributed to various factors, including the rise of smart manufacturing practices, an increased focus on workplace safety measures, initiatives promoting energy efficiency, expansion within the automotive industry, and a growing demand for enhanced user experiences in human-machine interfaces.

The human machine interface market size is expected to see rapid growth in the next few years. It will grow to $8.5 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The anticipated growth in the forecast period can be attributed to several factors, including a shift towards flexible manufacturing processes, an increased focus on healthcare automation, the growth of smart cities, the expansion of e-commerce and warehouse automation, and a continued emphasis on user-centric design in human-machine interfaces. Key trends expected in the forecast period include the incorporation of gesture control and voice recognition technologies, integration with artificial intelligence (AI) for enhanced functionality, remote monitoring and control capabilities, the implementation of multi-modal interfaces to provide diverse interaction options, and a growing focus on customization and personalization of human-machine interfaces. These trends reflect the ongoing evolution of technology and user preferences in the human-machine interface landscape.

The anticipated growth of the human-machine interface (HMI) market is driven by the increasing adoption of industrial automation in the manufacturing sector. Industrial automation involves the control of processes and machinery using technologies such as control systems, computers, robotics, and information technology. HMI plays a crucial role in automation systems by facilitating real-time data collection and providing a visual representation of control systems. The rising trend of automation, as indicated by a report from Nividous in 2022, where 43% of manufacturers are already utilizing robotic process automation (RPA) and another 43% plan to implement RPA projects, is a significant factor propelling the growth of the human-machine interface market.

The proliferation of cyber threats is identified as a key driver for the growth of the human-machine interfaces market. Cyber threats encompass potential risks posed by malicious activities to compromise data and disrupt computer systems, networks, and digital information. Human-machine interfaces, being connected to networks, represent potential vulnerabilities that cyber attackers may exploit to gain unauthorized access to control systems. The increasing number of cybercrime reports, such as the 13% increase to 76,000 reports in 2022 according to the Australian Cyber Security Centre, highlights the need for robust cybersecurity measures in the human-machine interface market.

A prominent trend in the human-machine interface market is the focus on product innovations by major companies. These companies are developing innovative solutions to enhance their market position. For example, Renesas Electronics Corporation, a Japanese company in the human-machine interface sector, introduced the 32-Bit RX671 MCUs with high performance and power efficiency, incorporating advanced features such as touch sensing and speech recognition capabilities.

Major players in the human-machine interfaces market are adopting new technological products, such as FactoryTalk Optix, to maintain their market standing. FactoryTalk Optix is a cloud-enabled HMI platform that allows users to design, test, and deploy applications directly from a web browser. The platform, launched by Rockwell Automation, is designed to enhance process efficiency with modern technologies, innovative designs, and scalable deployment options, offering openness and interoperability through machine-to-machine and machine-to-cloud communications.

In April 2023, Beijer Electronics, a Sweden-based HMI terminal manufacturer, acquired Smart HMI GmbH. This acquisition aims to expand digitalization and visualization capabilities, complementing and integrating well with Beijer Electronics' existing offerings for its broad customer base. Smart HMI GmbH, based in Germany, specializes in providing human-machine interface solutions.

Major companies operating in the human machine interface market report are Rockwell Automation Inc, Siemens AG, Schneider Electric SE, Asea Brown Boveri Ltd., Honeywell International Inc., Advantech Co. Ltd., Emerson Electric Co., General Electric Company, Mitsubishi Electric Corporation, Yokogawa Electric Corporation, Eaton, Robert Bosch GmbH, Kontron AG, Texas Instruments Incorporated, Omron Corporation, IPCS Automation, Livewire, MPTA education, CRTL-Labs, Neuralink, MindX, Beijer Electronics AB, Pro-face America, Phoenix Contact GmbH & Co. KG, Beckhoff Automation GmbH & Co. KG, Weintek Labs Inc., Lanner Electronics Inc., B&R Industrial Automation GmbH, RDS Displays Ltd., Digital Electronics Corporation .

North America was the largest region in the human machine interface market in 2023. Asia-Pacific is expected to be the fastest-growing region in the human-machine interface market during the forecast period. The regions covered in the human machine interface market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the human machine interface market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The human-machine interface consists of revenues earned by providing software solutions such as supervisory-level software and machine-level software. The market value includes the value of related goods sold by the service provider or included within the service offering. The human-machine interface market also includes sales of data handlers, pushbutton replacers, and overseers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11035

1. Executive Summary

2. Human Machine Interface Market Characteristics

3. Human Machine Interface Market Trends And Strategies

4. Human Machine Interface Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Human Machine Interface Market Size and Growth

5.1. Global Human Machine Interface Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Human Machine Interface Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Human Machine Interface Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Human Machine Interface Market Segmentation

6.1. Global Human Machine Interface Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hardware
Software
Services
6.2. Global Human Machine Interface Market, Segmentation By Configuration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Embedded HMI
StAndalone HMI
6.3. Global Human Machine Interface Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Chemicals And Petrochemicals
Food And Beverages
Oil And Gas
Paper
Packaging
Printing

7. Human Machine Interface Market Regional And Country Analysis

7.1. Global Human Machine Interface Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Human Machine Interface Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Human Machine Interface Market

8.1. Asia-Pacific Human Machine Interface Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Human Machine Interface Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Human Machine Interface Market, Segmentation By Configuration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Human Machine Interface Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Human Machine Interface Market

9.1. China Human Machine Interface Market Overview
9.2. China Human Machine Interface Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Human Machine Interface Market, Segmentation By Configuration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Human Machine Interface Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Human Machine Interface Market

10.1. India Human Machine Interface Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Human Machine Interface Market, Segmentation By Configuration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Human Machine Interface Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Human Machine Interface Market

11.1. Japan Human Machine Interface Market Overview
11.2. Japan Human Machine Interface Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Human Machine Interface Market, Segmentation By Configuration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Human Machine Interface Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Human Machine Interface Market

12.1. Australia Human Machine Interface Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Human Machine Interface Market, Segmentation By Configuration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Human Machine Interface Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Human Machine Interface Market

13.1. Indonesia Human Machine Interface Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Human Machine Interface Market, Segmentation By Configuration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Human Machine Interface Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Human Machine Interface Market

14.1. South Korea Human Machine Interface Market Overview
14.2. South Korea Human Machine Interface Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Human Machine Interface Market, Segmentation By Configuration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Human Machine Interface Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Human Machine Interface Market

15.1. Western Europe Human Machine Interface Market Overview
15.2. Western Europe Human Machine Interface Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Human Machine Interface Market, Segmentation By Configuration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Human Machine Interface Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Human Machine Interface Market

16.1. UK Human Machine Interface Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Human Machine Interface Market, Segmentation By Configuration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Human Machine Interface Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Human Machine Interface Market

17.1. Germany Human Machine Interface Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Human Machine Interface Market, Segmentation By Configuration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Human Machine Interface Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Human Machine Interface Market

18.1. France Human Machine Interface Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Human Machine Interface Market, Segmentation By Configuration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Human Machine Interface Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Human Machine Interface Market

19.1. Italy Human Machine Interface Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Human Machine Interface Market, Segmentation By Configuration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Human Machine Interface Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Human Machine Interface Market

20.1. Spain Human Machine Interface Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Human Machine Interface Market, Segmentation By Configuration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Human Machine Interface Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Human Machine Interface Market

21.1. Eastern Europe Human Machine Interface Market Overview
21.2. Eastern Europe Human Machine Interface Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Human Machine Interface Market, Segmentation By Configuration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Human Machine Interface Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Human Machine Interface Market

22.1. Russia Human Machine Interface Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Human Machine Interface Market, Segmentation By Configuration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Human Machine Interface Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Human Machine Interface Market

23.1. North America Human Machine Interface Market Overview
23.2. North America Human Machine Interface Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Human Machine Interface Market, Segmentation By Configuration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Human Machine Interface Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Human Machine Interface Market

24.1. USA Human Machine Interface Market Overview
24.2. USA Human Machine Interface Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Human Machine Interface Market, Segmentation By Configuration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Human Machine Interface Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Human Machine Interface Market

25.1. Canada Human Machine Interface Market Overview
25.2. Canada Human Machine Interface Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Human Machine Interface Market, Segmentation By Configuration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Human Machine Interface Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Human Machine Interface Market

26.1. South America Human Machine Interface Market Overview
26.2. South America Human Machine Interface Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Human Machine Interface Market, Segmentation By Configuration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Human Machine Interface Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Human Machine Interface Market

27.1. Brazil Human Machine Interface Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Human Machine Interface Market, Segmentation By Configuration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Human Machine Interface Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Human Machine Interface Market

28.1. Middle East Human Machine Interface Market Overview
28.2. Middle East Human Machine Interface Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Human Machine Interface Market, Segmentation By Configuration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Human Machine Interface Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Human Machine Interface Market

29.1. Africa Human Machine Interface Market Overview
29.2. Africa Human Machine Interface Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Human Machine Interface Market, Segmentation By Configuration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Human Machine Interface Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Human Machine Interface Market Competitive Landscape And Company Profiles

30.1. Human Machine Interface Market Competitive Landscape
30.2. Human Machine Interface Market Company Profiles
- 30.2.1. Rockwell Automation Inc
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Siemens AG
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Schneider Electric SE
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Asea Brown Boveri Ltd.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Honeywell International Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Human Machine Interface Market Competitive Benchmarking

32. Global Human Machine Interface Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Human Machine Interface Market

34. Human Machine Interface Market Future Outlook and Potential Analysis

34.1 Human Machine Interface Market In 2028 - Countries Offering Most New Opportunities
34.2 Human Machine Interface Market In 2028 - Segments Offering Most New Opportunities
34.3 Human Machine Interface Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer