Human Machine Interface Market Size, Share & Trends Analysis Report By Product (Display Terminals, Interface Software, Industrial PCs, Others), By Application, By Region, And Segment Forecasts, 2023 - 2030

Human Machine Interface Market Size & Trends

The global human machine interface market size was valued at USD 5.24 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 10.4% from 2023 to 2030. The growing adoption of industrial automation equipment in manufacturing is expected to drive growth. Integration of analytics software with products is further anticipated to improve productivity and quality, thereby spurring demand. However, the high installation cost is estimated to pose a challenge.

The industry has witnessed several technological advancements, from Light Emitting Diode (LED) indicators to fully functional, touchscreen, and graphic-oriented terminals. Integration of Bluetooth and Wi-Fi in these products has improved device mobility, which is also anticipated to catapult demand over the forecast period.

The surge in demand for high-resolution screens to analyze processes efficiently offers significant growth opportunities. Furthermore, continuous updating and upgrading of computer processors are also estimated to substitute traditional systems, increasing product demand. Advancement in broadband access technology is also expected to offer significant growth avenues over the next seven years.

Product Insights

The interface software segment held the highest market share of 40.6% in 2022. Interface software is primarily used to exchange information across different computer system components. Improvements in the application development process may decrease application size and computing speed.

The display segment is estimated to register the largest CAGR of 12.5% over the forecast period. Display terminals and interface software are used significantly in industrial automation systems. Technological advancements have changed from traditional Cathode Ray Tube (CRT)-based video terminals to innovative TFT-based capacitive displays. In addition to the capacitive display, LED and LCD-based UHD displays are also anticipated to provide avenues for industry growth. The availability of various display technologies is expected to surge demand over the next few years.

Industrial PC was first manufactured and used in industry automation by IBM. Significant changes in computer processors may result in the substitution of legacy computer processors. The increasing need for high storage space and processing power is also anticipated to increase growth over the next seven years.

Application Insights

The automotive segment dominated the market with a revenue share of 49.6% in 2022. In automobiles, advanced technology has transformed the car dashboard layout into a more flexible, dynamic, and adaptable design. Standalone systems may increase safety risks; however, integrating speech input/output systems with HMIs may lower driver distraction while commanding vehicles and catalyze industry growth.

The oil & gas segment is estimated to register a significant CAGR of 11.4% over the forecast period. HMIs in the oil and gas sector are evolving to provide advanced data visualization and analytics capabilities. They enable operators to visualize complex data sets, track performance metrics, and identify real-time patterns or anomalies. It helps make data-driven decisions, optimize processes, and improve operational performance.

HMI terminals are significantly used in the manufacturing industry for automation to improve overall plant management by improving communication between user & machine, providing warnings & alarms, and cost reduction. Rapid industrialization in several emerging economies, such as India and China, is expected to be a key factor for future growth.

Key end-use industries with heavy demand include food & beverages and packaging. Increasing shale oil extraction significantly in North America may increase the need for industrial automation, thereby offering avenues for growth.

Use cases in the healthcare sector mainly include emotions analytics. The industry has witnessed growing applications in unmanned vehicles & drones and cyber security in the military aerospace and defense sector.

Regional Insights

North America accounted for the largest market share of 29.3% in 2022, owing to early technology adoption. Further, the rise in the number of automation projects is expected to play a key role in driving regional demand over the forecast period. North America has a strong and diverse industrial base across the manufacturing, automotive, aerospace, energy, and healthcare sectors. These industries highly demand advanced HMIs to optimize processes, improve productivity, and enhance user experience. The region's large industrial presence provides a substantial customer base and market opportunity for HMI vendors.

On the other hand, Asia Pacific is projected to demonstrate growth at the highest CAGR of 12.0% over the forecast period. Asia Pacific's human-machine interface market is anticipated to grow rapidly due to industrialization. The availability of raw materials and low-cost labor also catalyzes regional demand. Europe is estimated to exhibit steady growth over the forecast period.

Key Companies & Market Share Insights

Product developers emphasize understanding new technological innovations in displays and processors to develop better and more efficient solutions for different applications. Key industry players also focus on mergers and acquisitions as a part of their core business strategy. Today's Industries need help managing a large volume of operation databases, so manufacturers focus on developing systems that aim to resolve this problem and gain a competitive advantage. A growing preference for digital panels over traditional systems is expected to drive market demand and fuel the need for innovation. The following are some of the major participants in the global human machine interface (HMI) market:

• Yokogawa India Ltd.

• Rockwell Automation

• Siemens

• OMRON Corporation

• Honeywell International Inc.

• Emerson Electric Co.

• Eaton

• ABB

• General Electric

• Advantech Co., Ltd.

• American Industrial Systems Inc. (AIS)

• Beijer Electronics

Recent Developments

• In January 2023, Sibros and Marelli announced a collaboration to bring advanced over-the-air solutions to the next-generation vehicle's cockpit. Marelli's MInD-Xp platform will provide a domain control unit (DCU) to run various in-cabin functions, enhancing the driver and passenger experiences through a coherent Human-Machine Interface (HMI).

• In May, 2023, Rockwell Automation, Inc., a global company specializing in industrial automation and digital transformation, collaborated with Avid Solutions, Inc. This collaboration aims to assist companies in producing Green Hydrogen (H2) efficiently and rapidly. Rockwell Automation and Avid Solutions aim to provide comprehensive support and expertise to companies producing Green Hydrogen, enabling them to optimize their operations, enhance efficiency, and accelerate the transition toward sustainable energy solutions.

• In February 2022, GE Digital announced the release of CIMPLICITY 2022, the latest version of its renowned HMI/SCADA software. CIMPLICITY is a trusted and secure automation platform that enables true client/server visualization and control. It empowers industrial companies to effectively manage operations and facilitate the connected worker concept, ensuring fast time to value through innovative solutions with minimal or no code requirements. CIMPLICITY enables seamless control from individual machines to global plant locations, offering a comprehensive solution for industrial automation needs.

• In May 2022, SECO, a global leader in embedded systems, IoT, and AI solutions, showcased its expanded Human Machine Interface (HMI) product portfolio at Embedded World 2022 in Nuremberg, Germany. The portfolio includes the FLEXY VISION family and the modular Proven Concept (PCT) HMI series by Garz & Fricke, offering various installation options and a single-board computer for display intelligence and interfaces.

• In August 2022, ABB India announced the development and expansion of its smart power factory in Nelamangala, Bengaluru. This expansion aims to meet the growing demand for the company's energy management technologies and solutions. The upgraded facility showcases ABB's commitment to leveraging advanced technologies such as collaborative robotics, AI, and digitalization to enhance HMI. This state-of-the-art factory aims to create a sophisticated, automated, and flexible manufacturing environment ready for the future.

• In October 2022, Schneider Electric introduced updates to its EcoStruxure domain architecture and platform, specifically targeting EcoStruxure Power. The company has integrated ETAP Operator Training Software (eOTS) and EcoStruxure Power Operation energy management software to enhance the training experience for facility managers. This integration allows facility managers to access a highly realistic Power Operation training environment powered by ETAP's electrical digital twin.

Human Machine Interface (HMI) Market Report Scope

Global Human Machine Interface (HMI) Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global human machine interface (HMI) market based on product, application, and region:

• Product Outlook (Revenue in USD Million, 2017 - 2030)

  • Display Terminals

  • Interface Software

  • Industrial PCs

  • Others

• Application Outlook (Revenue in USD Million, 2017 - 2030)

  • Automotive

  • Food & Beverages

  • Oil & Gas

  • Packaging

  • Others

• Regional Outlook (Revenue in USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

  • Asia Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

  • Middle East and Africa

    • Saudi Arabia

    • South Africa

    • UAE