Global Human Machine Interface (HMI) Market: Overview

The global market for human machine interface (HMI) is gaining a substantial impetus from the increasing automation in the manufacturing industry across the world. In 2015, the market presented an opportunity worth US$3.9 bn. Researchers anticipate the market to rise at a robust CAGR of 2.50% during the period from 2016 to 2024 and attain a value of US$11 bn by the end of 2024.

This research report is a thorough analytical study of the performance of the worldwide market for human machine interface in past and over the period from 2016 to 2024. The market report especially focuses on the growth boosters, obstructions, challenges, prospects, and the prominent trends in this market in an effort to determine the pace of its progress.

Global Human Machine Interface (HMI) Market: Trends and Opportunities

The demand for HMI hardware is increasing significantly across the world, thanks to their efficiency and sturdiness. The segment is anticipated to remain witnessing high demand in the years to come, maintaining its lead over other types of human machine interfaces.

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Human machine interfaces find considerable application in the healthcare and pharmaceutical, manufacturing, automotive, packaging, defense and aerospace, oil and gas, food and beverage, metal and mining, and various other sectors, such as retail and transportation. Of these, the most significant demand for human machine interfaces is from the manufacturing industry and this scenario is likely to remain so over the next few years.

Global Human Machine Interface (HMI) Market: Regional Outlook

Based on the geographies, the global market for human resource interface is classified into North America, Asia Pacific, Europe, the Middle East and Africa (MEA), and South America. Among these, Asia Pacific has surfaced the dominant regional market for human machine interface across the world. The constant increase in production activities, especially in emerging Asian economies, such as India, China, and Japan, is the main factor behind the significant growth of the Asia Pacific market for human machine interface. Over the years, these economies are likely to produce more lucrative opportunities, which will reflect on this regional market, ensuring its future dominance.

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North America and Europe are also projected witness a steady rise in their respective market for human machine interface over the next few years, as a number of enterprises in these regions are striving to ensure operational efficacy in a varied array of work procedures.

Companies Mentioned in this Report

Omron Corp., Danaher Corp., Yokogawa Electric Corp., Schneider Electric SE, Emerson Electric Corp., Beijer Electronics Inc., Advantech Co. Ltd., American Industrial Systems Inc., Elektrobit Corp., Rockwell Automation Inc., General Electric Co., Gefran SPA, Bartec GmbH, EAO AG, Honeywell International Inc., ABB Ltd., Eaton Corp., Siemens AG, and Atmel Corp. are some of the leading players in the global market for human machine interface.

The global human machine interface market is classified into:

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