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Published Date: 2016-12-15Number of Pages: 193

Human Machine Interface (HMI) Market (Type - Hardware (Display, Processor/Computer, Indicator, Joystick and Keypad), Software, Services; End-use Industry - Healthcare and Pharmaceutical, Automotive, Manufacturing, Oil and Gas, Packaging, Food & Beverage, Defense and Aerospace, Metal and Mining, Retail and Transportation) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Global Human Machine Interface Market: Snapshot

The increasing pressure to make manufacturing processes automated is the primary reason for the growth of the global human machine interface market. In addition, the application of human machine interface across industries is also projected to benefit the overall market in the coming few years. According to the research report, the global human machine interface (HMI) market is likely to progress at a CAGR of 12.5% during the forecast period from 2016 to 2024. The opportunity in the overall market is projected to reach US$11 bn by the end of 2024 from US$3.9 bn in 2015.

Efforts to Automate Favor Market Growth

Analysts anticipate that global market will witness a steady growth rate due to ongoing efforts by the governments across the globe to introduce automation in industries such as oil and gas, packaging, and manufacturing. These efforts are especially pronounced in regions such as North America and Europe. The growing adoption of human machine interface technology in emerging economies is expected to boost the overall market in the coming years. Despite the high cost of installing this technology, the market will respond to the intensifying need of bringing in operational efficiencies.

human machine interface market

 

Several End Users to Augment Demand for HMI Services due to Obstacles in Operations

On the basis of types of human machine interface, the global market is segmented into hardware, software, and services. The hardware segment is further divided into display, processor/computer, and others such as joysticks and keypads. The report states that the hardware segment held a whopping share of 57% in the global market in 2015. During the forecast period, the services segment is projected to display a steady growth rate due to a monumental demand for technical expertise to address a wide range of difficulties faced by end users while using human machine interface systems.

Emerging Manufacturing Sector in Asia Pacific Boosts Regional Market

On the basis of geography, the global market is segmented into Asia Pacific, North America, Europe, and Rest of the World. Of these, Asia Pacific is projected to charge ahead of others during the forecast period. The phenomenal pace of Asia Pacific human machine interface market will be attributable to the sudden rise in the manufacturing activities of emerging economies such as China, Japan, and India. These developing countries are expected to offer lucrative growth opportunities to the market. The research report assesses that introduction of human machine interface technologies will also manufacturers to offer accurate customizations and prolong service. North America and Europe will also show a significant rise in the overall market as several end users are vying to ensure operational efficiency in a wide range of work processes.

The competitive landscape in the global human machine interface market is projected to get consolidated in the coming years. The market is likely to witness a high degree of competition as well. Some of the leading players making a difference to the trajectory of the global market are Atmel Corporation, Eaton Corporation, Siemens AG, ABB Ltd., Honeywell International Inc., EAO AG, Bartec GmbH, Gefran SPA, General Electric Co., Rockwell Automation, Inc., Elektrobit Corporation, Parker Hannifin Corporation, Advantech Co. Ltd., American Industrial Systems, Inc., Emerson Electric Corporation, Beijer Electronics Inc., Schneider Electric SE, Danaher Corporation, Yokogawa Electric Corporation, and Omron Corporation.

 

Global Human Machine Interface Market: Overview

A human machine interface (HMI) is the connection point between a human (typically the machine operator) and a machine (typically an automated equipment). It is through an HMI device that a machine operator controls an automated machine. It typically comprises of a display device, keypad and a processor which together comprise the hardware, and a software system based on SCADA for process control, remote access to the equipment, and gathering real-time data. Increased level of adoption of automation technologies in manufacturing and production processes is one of the major factor driving the growth of the global HMI market. Additionally, rapid industrialization in emerging economies such as China, India, and Indonesia and rising number of factories incorporating smart technologies such as automation, data exchange and analytics are fuelling the growth of the global HMI market.

Global Human Machine Interface Market: Segmentation

This research report provides an in-depth analysis of the global HMI market based on types, hardware, end-use industries, and geography. The global HMI market is categorized on the basis of types into hardware, software and services. The hardware segment is further sub-divided into display, processor/computer, others (indicator, joystick and keypad). Furthermore, the report provides complete insights into different HMI end-use industry through industry segmentation, which includes healthcare and pharmaceutical, automotive, manufacturing, oil & gas, packaging, food & beverage, defense & aerospace, metal and mining, others (retail and transportation). The report analyzes each of these segments for the various geographies considered under the scope of the study.

Global Human Machine Interface Market: Geographical Outlook

Based on geographical regions, the report segments the global HMI market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America, which are analyzed in terms of revenue generation. North America is further segmented into the U.S. and Rest of North America, while Europe is divided into the U.K., Germany, France, Spain, Italy and Rest of Europe. Asia Pacific is subdivided into China, India, Japan, Australasia, and Rest of Asia Pacific. Also, MEA is further segmented into South Africa, Saudi Arabia, and the UAE, while South America is subdivided into Brazil and Rest of South America.

Global Human Machine Interface Market: Drivers and Trends

The report also provides an analysis of the factors that drive and restrain the growth of the HMI market. It discusses the prevailing market trends, prospective growth opportunities, and major strategies increasing the popularity of the global DCIM market. It provides market estimates and forecasts for all the segments in terms of revenue. Also provided in the report is the market share of key players and their revenue analysis in the HMI market. The report also provides industry developments, value chain analysis, and Porter’s Five Force Analysis for the global DCIM market.

Key Players Mentioned in the Report are:

Major business strategies adopted by key players, their SWOT analysis, and competition matrix have also been identified in the research report. The key market players profiled in this study include Atmel Corporation, Siemens AG, Eaton Corporation, ABB Ltd., Honeywell International Inc., EAO AG, Bartec GmbH, Gefran SPA, General Electric Co., Rockwell Automation, Inc., Elektrobit Corporation, American Industrial Systems, Inc., Parker Hannifin Corporation, Advantech Co. Ltd., Beijer Electronics Inc., Emerson Electric Corporation, Schneider Electric SE, Yokogawa Electric Corporation, Danaher Corporation and Omron Corporation.

Global HMI Market

By Type

  • Hardware
    • Display
    • Processor/Computer
    • Others (Indicator, Joystick and Keypad)
  • Software
  • Services

By End-use Industry

  • Healthcare and Pharmaceutical
  • Automotive
  • Manufacturing
  • Oil & Gas
  • Packaging
  • Food & Beverage
  • Defense & Aerospace
  • Metal and Mining
  • Others (Retail and Transportation)

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America


 
 
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