REDDING, Calif., May 3, 2024 /PRNewswire/ -- According to a new
market research report titled, 'Human Machine Interface (HMI)
Market By Offering (Hardware (Display Units, Others), Software,
Services), Configuration (Connected, Web-based), End-use Industry
(Oil & Gas, Automotive, F&B, Others), & Geography -
Global Forecast to 2031,' the human-machine
interface market is projected to reach $8.57
billion by 2031, at a CAGR of 8.7% from 2024 to 2031.
Download Free Sample Report:
https://www.meticulousresearch.com/download-sample-report/cp_id=5805
Human-machine Interface (HMI) is a user interface or dashboard
that connects a person to a machine, system, or device. HMI has a
common role of interaction with operators, system integrators, and
engineers, particularly control system engineers, in a wide range
of manufacturing industries, including automotive, medical devices,
and aerospace & defense. HMI streamlines industrial processes
by digitizing and centralizing data presentation. Through HMI
interfaces, operators gain access to vital information presented
via graphs, charts, or digital dashboards, facilitating alarm
management and integration with SCADA, ERP, and MES systems, all
from a unified console. The growth of the human-machine interface
market is driven by the growing adoption of Industrial IoT (IIoT)
and increasing emphasis on user-friendly interfaces. High costs
associated with the installation and maintenance of HMIs may
restrain market growth.
Additionally, the integration of AI and edge computing
technologies in HMI systems and emerging applications of augmented
reality (AR)/virtual reality (VR) across various industries is
expected to generate growth opportunities for the players operating
in this market. However, the concerns regarding security are major
challenges impacting the market's growth. The adoption of
mobile-based HMI solutions is a key trend in the human-machine
interface market.
The human-machine interface market is segmented by offering
(hardware (control panels, display units, touchscreens, connectors
& cables, other hardware), software, services), configuration
(connected HMI, web-based HMI), end-use industry (automotive, oil
& gas, food & beverages, energy & power, chemicals,
pharmaceuticals & life sciences, aerospace & defense,
medical devices, and other end-use industries), and
geography. The study also evaluates industry competitors and
analyses the market at the regional and country levels.
Request Sample Report:
https://www.meticulousresearch.com/request-sample-report/cp_id=5805
Based on offering, the global human-machine interface
market is segmented into hardware, software, and services. In 2024,
hardware is expected to account for the largest share of 38%
of the human-machine interface market. The large market share of
this segment is driven by increased automation across industries
such as manufacturing, automotive, and healthcare. This surge in
demand stems from the need for advanced control and monitoring
systems to optimize operational efficiency and safety. Also, the
integration of IoT and Industry 4.0 initiatives further fuels the
segment's expansion, facilitating seamless connectivity and data
exchange between machines and operators. However, the hardware
segment is projected to record the highest CAGR during the forecast
period.
Based on configuration, the human-machine interface
market is segmented into connected HMI and web-based HMI. In
2024, the connected HMI segment is expected to account for the
larger share of the global human-machine interface market. The
large market share of this segment is attributed to the increasing
demand for robotization, automated manufacturing activities, and
connectivity in industries, coupled with advancements in networking
technologies. However, the web-based HMI segment is projected to
record the highest CAGR of 10.0% during the forecast
period.
Based on end-use industry, the human-machine interface
market is segmented into automotive, oil & gas, food &
beverages, energy & power, chemicals, pharmaceuticals &
life sciences, aerospace & defense, medical devices, and other
end-use industries. In 2024, the automotive segment is expected to
account for the largest share of 25% of the human-machine
interface market. The large market share of the segment is
attributed to the increasing consumer demand for advanced
infotainment, navigation, and driver-assistance systems.
Furthermore, advancements in augmented reality displays, voice
recognition, and touch-sensitive interfaces are driving the
adoption of sophisticated HMIs in vehicles. Additionally,
regulatory requirements for enhanced safety features and the rise
of autonomous driving technologies further propel the growth of HMI
solutions in the automotive sector.
The automotive segment is also projected to record the highest
CAGR during the forecast period.
Based on geography, the human-machine interface market is
segmented into North America,
Europe, Asia-Pacific, Latin
America, and the Middle
East & Africa. In 2024,
Asia-Pacific is expected to
account for the largest share of the human-machine interface
market. Asia-Pacific human-machine
interface market is estimated to be worth USD 1.9 billion in 2024. The large market
share of the Asia-Pacific region
is attributed to the rapid expansion of the automotive,
manufacturing, and consumer electronics industries. Increasing
urbanization, rising disposable incomes, and technological
advancements in HMI panels are driving the demand for intuitive and
user-friendly interfaces in various sectors. Furthermore,
government initiatives promoting industrial automation and smart
infrastructure development contribute to the growth of the HMI
market in Asia-Pacific. Also, the
region is projected to record the highest CAGR during the forecast
period.
The report also includes an extensive assessment of the key
growth strategies adopted by the leading market participants in the
last three to four years. The key players operating in the
human-machine interface market are Siemens AG (Germany), Schneider Electric SE (France), Rockwell Automation, Inc. (U.S.),
Mitsubishi Electric Corporation (Japan), Honeywell International Inc. (U.S.),
B&R Industrial Automation GmbH (Austria), Emerson Electric Co. (U.S.), General
Electric Company (GE Group) (U.S.), Advantech Co., Ltd.
(Taiwan), Maple Systems (U.S.),
Omron Corporation (Japan), Eaton
Corporation plc (Ireland), Exor
International S.p.A. (Italy),
Kinco Electric (Shenzhen) Ltd.
(China) and General Industrial
Controls Private Limited (India).
Have Specific Research Needs? Request a Customized
Report:
https://www.meticulousresearch.com/request-customization/cp_id=5805
Scope of the report:
Human Machine Interface Market Assessment, by
Offering
- Hardware
- Control Panels
- Display Units
- Touchscreens
- Connectors & Cables
- Other Hardware
- Software
- Services
Human Machine Interface Market Assessment, by
Configuration
- Connected HMI
- Web-based HMI
Human Machine Interface Market Assessment, by End-use
Industry
- Automotive
- Oil & Gas
- Food & Beverage
- Energy & Power
- Chemical
- Pharmaceuticals & Life Sciences
- Aerospace & Defense
- Medical Devices
- Other End-use Industries
Human Machine Interface Market Assessment, by
Geography
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Buy Now:
https://www.meticulousresearch.com/Checkout/33730770
Related Report:
SCADA Market by Type (Monolithic SCADA Systems,
Distributed SCADA Systems, Networked SCADA Systems), Component
(Hardware, Software, Services), Deployment Mode, End-use Industry
(Oil & Gas, Automotive, F&B), and Geography - Global
Forecast to 2030
Industrial Automation Software Market by Product
(SCADA, DCS, MES, HMI, PLC, IT and Software Environment Integration
Solutions, Production Process Test Systems), Deployment Type, End
User, and Geography - Global Forecast to 2029
Industrial Automation Market by Component
(Plant-level Controls, Enterprise-level Controls, Plant
Instrumentation), Mode of Automation (Semi, Fully), End User (Oil
& Gas, Automotive, F&B, Aerospace & Defense, Others),
and Geography - Global Forecast to 2030
South East Asia Industrial Automation Market by
Component (Plant-level Controls, Enterprise-level Controls, Plant
Instrumentation), Mode of Automation, End User, and Geography -
Forecast to 2030
Europe Industrial Automation Market by Component
(Plant-level Controls, Enterprise-level Controls, Plant
Instrumentation), Mode of Automation (Semi, Fully Automatic), End
User (Oil & Gas, Automotive, F&B, Others), and Geography -
Forecast to 2030
Asia-Pacific Industrial Automation Market by
Component (Plant-level Controls, Enterprise-level Controls, Plant
Instrumentation), Mode of Automation (Semi, Fully Automatic), End
User (Oil & Gas, Automotive, F&B, Others), and Geography -
Forecast to 2030
About Meticulous Research®
Meticulous Research® was founded in 2010 and
incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a
private limited company under the Companies Act, 1956. Since its
incorporation, the company has become the leading provider of
premium market intelligence in North
America, Europe,
Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and
values. Since the inception, we have only thrived to research,
analyze, and present the critical market data with great attention
to details. With the meticulous primary and secondary research
techniques, we have built strong capabilities in data collection,
interpretation, and analysis of data including qualitative and
quantitative research with the finest team of analysts. We design
our meticulously analyzed intelligent and value-driven syndicate
market research reports, custom studies, quick turnaround research,
and consulting solutions to address business challenges of
sustainable growth.
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn-
https://www.linkedin.com/company/meticulous-research
Content Source:
https://www.meticulousresearch.com/pressrelease/1040/human-machine-interface-hmi-market-2031
Logo:
https://mma.prnewswire.com/media/1757980/Meticulous_Research_Logo_1.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/human-machine-interface-market-to-be-worth-8-57-billion-by-2030---exclusive-report-by-meticulous-research-302135600.html