Human Machine Interface Market Size, Share, Trends & Industry Growth Analysis Report by Offering (Basic, Advanced Panel-based, & Advanced PC-based HMI), Software (On-premises, Cloud-based), Screen Size (1"-9", 9"-17", More than 17"), Configuration (Standalone, Embedded), Industry - Global Forecast to 2028
Updated on : September 20, 2024
Human Machine Interface Market Size & Growth
The Global Human Machine Interface Market size is estimated to be worth USD 5.2 Billion in 2023 and is projected to reach USD 7.7 Billion by 2028, at a Compound Annual Growth Rate (CAGR) of 8.2% during the forecast period. The HMI industry is experiencing growth due to increasing industrial automation, driven by Industry 4.0 and the need for efficient control and monitoring of complex processes. The demand for user-friendly, touch-screen interfaces in various industries is rising, along with the integration of advanced technologies such as IoT and data analytics. Additionally, sectors like automotive, manufacturing, and healthcare are investing in HMI systems to enhance productivity and product quality.
Human Machine Interface Market Forecast to 2028
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Human Machine Interface Market Trends
Driver: Rising adoption of industrial automation in process and discrete industries
The increasing adoption of industrial automation in both process and discrete industries enhances operational efficiency, reduces labor costs, and improves productivity. These systems play a pivotal role in facilitating human interaction with automated machinery and control systems, thereby enabling seamless monitoring, control, and data visualization. With the ongoing trend towards Industry 4.0 and smart manufacturing, the HMI market is expected to continue its upward trajectory, providing solutions that empower industries to streamline their operations and remain competitive in an increasingly automated landscape. Furthermore, the demand for HMIs is on the rise as industries seek to stay competitive in an ever-evolving landscape.
The ability to remotely access and control industrial processes through advanced HMI solutions is becoming a game-changer, allowing for greater flexibility and adaptability in responding to market dynamics. As a result, the HMI market is poised for continuous growth as industrial automation becomes a cornerstone of modern manufacturing and production, transforming the way businesses operate and meet the demands of the future.
Restraint: High installation and maintenance cost
The high installation and maintenance costs represent a significant restraint in the Human-Machine Interface (HMI) market. The initial expenses associated with implementing HMI systems can be substantial, especially for small and medium-sized businesses. This includes the cost of hardware, software, and professional services required for system integration. Additionally, the need for specialized training for operators and maintenance personnel adds to the overall implementation cost. These financial barriers can deter some organizations, particularly those with budget constraints, from adopting HMI solutions, slowing down the market's growth.
These costs can be particularly burdensome for smaller businesses and organizations with limited budgets, hindering their adoption of advanced HMI technology. Furthermore, ongoing maintenance and software updates can add to the total cost of ownership, and organizations may face challenges in finding skilled professionals capable of maintaining and troubleshooting these systems. These costs can accumulate over time, and the need for skilled technicians to address any issues or system upgrades can add to the overall cost of ownership. To overcome this, the HMI providers are increasingly focusing on offering more cost-effective and user-friendly solutions, as well as providing long-term support and maintenance packages to alleviate the financial burden on businesses.
Opportunity: Surging demand for safety compliance automation systems in manufacturing industries
Industrial manufacturing industries can ensure workplace safety in manufacturing environments with the integration of HMI systems with safety compliance. HMI systems can be equipped with features such as real-time monitoring of safety parameters, emergency shutdown protocols, and alarms that can quickly alert operators to potential hazards. By seamlessly incorporating safety measures into the HMI interface, manufacturing companies can enhance their safety compliance, reduce accidents, and minimize downtime due to safety-related incidents, which ultimately leads to improved overall productivity and cost savings. With a heightened focus on workplace safety and regulatory compliance, manufacturers are increasingly seeking advanced HMI solutions that can integrate safety features and automation to mitigate risks and enhance worker protection. These systems enable real-time monitoring, alarms, and safety interlocks, allowing for the immediate response to potential hazards.
Challenge: Susceptibility of cloud-HMI systems to cyberattacks
Cloud-HMI platforms are gaining popularity as they can reduce initial cost, provide easy access, and quick deployment. However, security concerns associated with cloud computing are a major concern for end users. HMI systems rely on cloud infrastructure for data storage and remote monitoring, making them prime targets for cyber threats and data breaches. Ensuring robust cybersecurity measures, including encryption, access controls, and regular security updates, is essential to protect sensitive industrial data and maintain system integrity. As the adoption of cloud-based HMI solutions continues to rise, addressing these security challenges and safeguarding against cyber threats becomes paramount to instill trust and confidence in the technology's reliability within industrial settings.
Market Ecosystem
Human Machine Interface Market Share
Rockwell Automation (US), Siemens (Germany), Schneider Electric (France), ABB (Switzerland), and Honeywell International Inc. (US) are the top players in the HMI market. These HMI companies boast human machine interaction trends with a comprehensive product portfolio and solid geographic footprint.
Software to grow at the highest CAGR during 2023-2028.
Software is expected to grow at the highest CAGR due to escalating demand for more advanced and adaptable HMI software solutions, facilitating the interaction between humans and machines and the visualization of data. Secondly, HMI software rooted in software provides greater flexibility, making it easier to integrate with other systems and adapt to the ever-evolving technological landscape. Furthermore, there is a rising prominence of cloud-based and IoT-enabled HMI software, enabling remote monitoring and control and real-time data access have become indispensable.
Process industries grow at the highest CAGR during the forecast period.
Process industries such as oil & gas, chemicals, food & beverages, pharmaceuticals are actively seeking to enhance operational efficiency, minimize downtime, and improve safety, with HMI systems playing a pivotal role in realizing these objectives. The embrace of advanced HMI solutions facilitates real-time monitoring, predictive maintenance, and seamless control of intricate industrial processes, thereby fueling growth in this specific segment. Additionally, the imperative to adhere to stringent regulatory requirements and the growing emphasis on sustainable practices within these industries are further promoting the adoption of HMI technologies, thereby fostering their remarkable CAGR within the market.
Human Machine Interface Market Regional Analysis
Asia Pacific is expected to grow at the highest CAGR in the HMI market during the forecast period.
Asia Pacific serves as a key manufacturing center for various industries, and with these sectors increasingly embracing automation and digitalization, there is a substantial surge in demand for advanced HMI solutions. Furthermore, the swift industrialization occurring in nations such as China and India is fueling the demand for efficient and user-friendly interfaces for controlling and monitoring complex machinery and processes. Additionally, the rise of Industry 4.0 and the Internet of Things (IoT) is catalyzing the adoption of HMI systems to enhance connectivity and data-driven decision-making. Additionally, government initiatives and investments in smart manufacturing and infrastructure projects are bolstering the growth of the HMI market in the Asia Pacific region.
Human Machine Interface Market by Region
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Top Human Machine Interface Companies: Key players
The major companies in the HMI companies include
- Rockwell Automation (US),
- Siemens (Germany),
- Schneider Electric (France),
- ABB (Switzerland), and
- Honeywell International Inc. (US).
These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the HMI market.
Human Machine Interface Market Report Scope
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Report Metric |
Details |
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Estimated Market Size |
USD 5.2 Billion in 2023 |
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Projected Market Size |
USD 7.7 Billion by 2028 |
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Growth Rate |
CAGR of 8.2% |
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Years Considered |
2019–2028 |
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Base year considered |
2022 |
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Forecast period |
2023–2028 |
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Forecast units |
Value (USD million/billion) |
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Segments Covered |
Offering, Configuration, and End-User Industry |
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Regions covered |
North America, Asia Pacific, Europe, and Rest of the World |
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Companies covered |
Rockwell Automation (US), Siemens (Germany), Schneider Electric (France), ABB (Switzerland), and Honeywell International Inc. (US). |
Human Machine Interface Market Highlights
In this report, the overall HMI market has been segmented based on offering, configuration, end-user industry and region.
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Segment |
Subsegment |
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By Offering |
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By Configuration |
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By End-User Industry |
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By Region |
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Recent Developments in Human Machine Interface Industry
- In August 2022, Emerson unveiled an advanced Machine Visualization Solution that caters to the present-day industrial workforce by offering smartphone-like graphical displays that are both intuitive and robust for industrial settings. The PACSystems RXi HMI employs projective capacitive touchscreen technology, enabling users to engage with the visual interface through 10-point multitouch capabilities.
- In May 2022, Rockwell Automation launched V13 of FactoryTalk View Site software with new features. The new system offers deeper interaction with the Logix controller with the capability to drive HMI animation for automatic diagnostics through FactoryTalk ViewPoint web clients.
- In March 2022, General Electric upgrades its iFIX high-performance automation software to deliver faster time to insight and greater efficiency for industrial operations. iFIX 2022 offers to reduce time to solution and simplified browsing of PLC and control systems for faster updates with software quick installer tool to create the right user experience.
Frequently Asked Questions (FAQs):
What is the current size of the global HMI market?
The HMI market is estimated to be worth USD 5.2 billion in 2023 and is projected to reach USD 7.7 billion by 2028, at a CAGR of 8.2% during the forecast period.
Who are the global HMI market winners?
Companies such as Rockwell Automation (US), Siemens (Germany), Schneider Electric (France), ABB (Switzerland), and Honeywell International Inc. (US) fall under the winners’ category.
Which region is expected to hold the highest share of the HMI market?
North America is expected to hold the highest share of HMI market due to its robust industrial infrastructure, technological innovation, and strong presence of key HMI solution providers, driving the adoption of advanced HMI systems across various sectors, including manufacturing, automobile, and healthcare.
What are the major drivers and opportunities related to the HMI market?
Rising adoption of industrial automation in process and discrete industries and Growing focus on real-time data analysis and predictive maintenance are some of the major drivers and opportunities for the HMI market.
What are the major strategies adopted by HMI companies?
The agitator companies have adopted product launches, acquisitions, expansions, and contracts to strengthen their position in the HMI market.
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The study involves four major activities that estimate the size of the HMI market. Exhaustive secondary research was conducted to collect information related to the market. Following this was validating these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the overall size of the HMI market. Subsequently, market breakdown and data triangulation procedures were used to determine the extent of different segments and subsegments of the market.
Secondary Research
Secondary sources in this research study include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, certified publications, articles from recognized authors; directories; and databases. The secondary data were collected and analyzed to estimate the overall market size, further validated by primary research.
Primary Research
In the primary research process, numerous sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information about this report. The primary sources from the supply side included various industry experts such as Chief X Officers (CXOs), Vice Presidents (VPs), and Directors from business development, marketing, product development/innovation teams, and related key executives from HMI providers, such as Rockwell Automation (US), Siemens (Germany), Schneider Electric (France), ABB (Switzerland), and Honeywell International Inc. (US); research organizations, distributors, professional and managed service providers, industry associations, and key opinion leaders. Approximately 25% of the primary interviews were conducted with the demand side and 75% with the supply side. These data were collected mainly through questionnaires, emails, and telephonic interviews, accounting for 80% of the primary interviews.
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Market Size Estimation
In the market engineering process, both top-down and bottom-up approaches were implemented, along with several data triangulation methods, to estimate and validate the size of the market and other dependent submarkets listed in this report.
- The key players in the industry and markets were identified through extensive secondary research.
- Both the supply chain of the industry and the market size, in terms of value, were determined through primary and secondary research.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- Market Size Estimation Methodology-Bottom-up approach and Top-down Approach
Data Triangulation
After estimating the overall market size, the total market was split into several segments. The market breakdown and data triangulation procedures were employed wherever applicable to complete the overall market engineering process and gauge exact statistics for all segments. The data were triangulated by studying various factors and trends from both the demand and supply sides. The market was also validated using both top-down and bottom-up approaches.
Market Definition
HMI, commonly known as the man-machine interface (MMI), is a technology that serves as the point of interaction between humans and machines or systems. It encompasses both the hardware and software components that enable users to monitor, control, and interact with devices, equipment, or industrial processes. It reduces human involvement in the manufacturing process, thereby increasing the productivity and safety of operators. HMIs provide a visual and often tactile interface, such as touchscreens, keypads, or other input methods, to facilitate the exchange of information and commands, offering users a user-friendly and intuitive means to access and manage complex machinery, automation systems, or digital devices across various industries, including manufacturing, automotive, healthcare, and more.
Stakeholders
- Associations and industrial bodies
- Component suppliers and distributors
- End users of HMI systems across various industries
- Government bodies such as regulatory authorities and policymakers
- HMI hardware manufacturers
- HMI software and services providers
- Industrial automation equipment providers
- Market research and consulting firms
- Original equipment manufacturers (OEMs)
- Research institutes and organizations
The main objectives of this study are as follows:
- To define, describe, and forecast the human machine interface (HMI) market based on offering, end-user industry, configuration, and region
- To estimate and forecast the market size, in terms of value, of various segments with regard to four main regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW)
- To forecast the market size, in terms of volume, for the hardware offering
- To describe various sales channels through which the sales operations of HMI solutions are conducted
- To provide detailed information regarding the major factors influencing the growth of the HMI market (drivers, restraints, opportunities, industry-specific challenges)
- To study and analyze technologies used in HMI devices, trends and emerging applications of HMI technology, components used in HMI systems, and screen size based classification of HMI systems
- To strategically analyze the micromarkets1 with respect to individual growth trends, future prospects, and contribution to the total market
- To analyze the opportunities in the market for various stakeholders by identifying the high-growth segments of the HMI market
- To strategically profile the key players and comprehensively analyze their market shares and core competencies2 and provide a detailed competitive landscape for the market leaders
- To analyze various development strategies such as mergers and acquisitions, new product launches and developments, and research and development implemented by the key market players in the HMI markets
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Country-wise Information:
- Analysis for additional countries (up to five)
Company Information:
- Detailed analysis and profiling of different market players (up to five)
Generating Response ...
Growth opportunities and latent adjacency in Human Machine Interface Market
In addition to the above mentioned brands, I think some other HMI products are also good, such as Proface and Hitech. Although the market share is not as good as Schneider, but in fact the product is quite good.