Overview and Scope
Human-machine interface refers to hardware or software that enables an operator to communicate with a controller. These are used to centralize and digitize data for a viewer to optimize an industrial process.
Sizing and Forecast
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 in the historic period can be attributed to rise of smart manufacturing, focus on workplace safety, energy efficiency initiatives, expansion of automotive industry, demand for enhanced user experience..
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 growth in the forecast period can be attributed to shift towards flexible manufacturing, focus on healthcare automation, growth of smart cities, e-commerce and warehouse automation, focus on user-centric design.. Major trends in the forecast period include gesture control, voice recognition, integration with artificial intelligence (ai), remote monitoring and control, multi-modal interfaces, customization and personalization..
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Segmentation & Regional Insights
The human machine interface market covered in this report is segmented –
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
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
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Major Driver Impacting Market Growth
Rising industrial automation in the manufacturing industry is expected to propel the growth of the human-machine interface (HMI) market going forward. Industrial automation refers to the management of various processes and machinery through the use of control systems, computers, robotics, and information technology. HMI is important in an automation system since it enables real-time data collection and sees how the control systems are represented visually, hence rising automation is expected to boost the human-machine interface market. For instance, in 2022, according to a report published by Nividous, a US-based intelligent automation company, robotic process automation is being used by 43% of manufacturers, while another 43% plan to implement RPA projects. Therefore, the rising industrial automation in the manufacturing industry is driving the growth of the human-machine interface market.
Key Industry Players
Major companies operating in the human-machine interfaces market are adopting new technological products, such as FactoryTalk Optix, to sustain their position in the market. FactoryTalk Optix is a cloud-enabled human-machine interface (HMI) platform that allows users to design, test, and deploy applications directly from a web browser anywhere, anytime. For instance, in March 2023, Rockwell Automation, a US-based industrial automation company, launched FactoryTalk Optix. FactoryTalk Optix is designed to improve process efficiency and deliverables with modern technologies, innovative designs, and scalable deployment options. It allows system developers to improve lifecycle management and on-demand access to cloud-based software with openness and interoperability through machine-to-machine and machine-to-cloud communications.
The human machine interface market report table of contents includes:
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
5. Global Human Machine Interface Market Size and Growth
….
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
35. Appendix
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