Market Overview:
The global human machine interaction (HMI) market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in the HMI market can be attributed to the increasing demand for advanced and user-friendly HMIs across different industries. The hardware segment is expected to hold the largest share of the global HMI market in 2018, followed by software. Among applications, industrial automation is expected to account for the largest share of the global HMI market in 2018, followed by financial services and logistics. North America is estimated to account for the largest share of the global HMI market in 2018, followed by Europe and Asia Pacific.
 Industry Outlook.svg)
Product Definition:
Human machine interaction (HMI) is a field of engineering that deals with the design and development of interfaces between humans and machines. The goal of human machine interaction is to create systems that are easy to use and understand, while also being efficient and visually appealing.
There are many different applications for human machine interaction, but some of the most common include: user interface design, information visualization, human computer interaction, ergonomics, and cognitive science.
Hardware (Basic HMI, Advanced PC-Based HMI, Advanced Panel-Based HMI):
Hardware (Basic HMI, Advanced PC-Based HMI, Advanced Panel-Based HMI) is used in Human Machine Interface (HMI) systems to create graphic user interfaces. The interface created by the combination of these elements is called as a human machine interface. It helps users to access and control the system easily with visual aids like text and graphics. These are mainly used in manufacturing industries for process control applications such as material handling equipment, robotics automation system etc.
Software (On-Premise HMI and Cloud-Based HMI):
On-premise HMI and cloud-based HMI are two types of software used in human machine interaction market. On-premise software is installed on computers present within the organization, whereas cloud based software is accessed from remote locations. The major difference between the two lies in terms of pricing and deployment model.
Application Insights:
The other application segment includes healthcare, aviation and defense. The financial services sector is expected to emerge as the fastest-growing segment over the forecast period owing to increasing demand for advanced HMI systems in banks, stock exchanges and insurance companies. Furthermore, advancements in technology have led to an increased focus on human machine interaction within this industry; thus driving growth.
The logistics sector is also expected to witness significant growth over the forecast period due largely to technological advancements that have revolutionized transportation & storage solutions across various industries such as retail and e-commerce. Moreover, with a rise in population along with rapid urbanization & industrialization has come an increased need for efficient transportation systems which will further boost market growth over the next few years.
Regional Analysis:
The market in North America accounted for the largest revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing adoption of advanced human machine interface technologies across various industrial and commercial sectors. Moreover, growing demand for automation among end-users such as manufacturing, oil & gas, and healthcare industries is also contributing toward regional growth.
Asia Pacific is anticipated to be the fastest-growing region during the forecast period due to rising demand from developing countries such as China and India. Rapid technological advancements coupled with increased government spending on infrastructure development are some of the major factors driving regional growth.
Growth Factors:
- Increasing demand for advanced HMI technologies in automotive and aerospace industries
- Growing demand for HMIs in medical and industrial applications
- Rising popularity of voice-activated HMIs
- Proliferation of smart devices and the Internet of Things (IoT)
- Advances in artificial intelligence (AI) and machine learning
Scope Of The Report
Report Attributes
Report Details
Report Title
Human Machine Interaction (HMI) Market Research Report
By Type
Hardware (Basic HMI, Advanced PC-Based HMI, Advanced Panel-Based HMI), Software (On-Premise HMI and Cloud-Based HMI)
By Application
Financial Services, Logistics, Industrial Automation, Other
By Companies
ABB, Advantech, Emersion Electric, General Electric, Honeywell International, Kontron, Mitsubishi Electric, Rockwell Automation, Schneider Electric, Siemens, Yokogawa Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Human Machine Interaction (HMI) Market Report Segments:
The global Human Machine Interaction (HMI) market is segmented on the basis of:
Types
Hardware (Basic HMI, Advanced PC-Based HMI, Advanced Panel-Based HMI), Software (On-Premise HMI and Cloud-Based HMI)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Financial Services, Logistics, Industrial Automation, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Advantech
- Emersion Electric
- General Electric
- Honeywell International
- Kontron
- Mitsubishi Electric
- Rockwell Automation
- Schneider Electric
- Siemens
- Yokogawa Electric
 Market Overview.svg)
Highlights of The Human Machine Interaction (HMI) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware (Basic HMI, Advanced PC-Based HMI, Advanced Panel-Based HMI)
- Software (On-Premise HMI and Cloud-Based HMI)
- By Application:
- Financial Services
- Logistics
- Industrial Automation
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Human Machine Interaction (HMI) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Human Machine Interaction (HMI) is the process of designing and implementing systems that allow people to interact with technology in a natural way. HMI systems can be used to control machines, monitors, or other devices in a manufacturing or office environment.
Some of the key players operating in the human machine interaction (hmi) market are ABB, Advantech, Emersion Electric, General Electric, Honeywell International, Kontron, Mitsubishi Electric, Rockwell Automation, Schneider Electric, Siemens, Yokogawa Electric.
The human machine interaction (hmi) market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Human Machine Interaction (HMI) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Human Machine Interaction (HMI) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Human Machine Interaction (HMI) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Human Machine Interaction (HMI) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Human Machine Interaction (HMI) Market Size & Forecast, 2018-2028
4.5.1 Human Machine Interaction (HMI) Market Size and Y-o-Y Growth
4.5.2 Human Machine Interaction (HMI) Market Absolute $ Opportunity
Chapter 5 Global Human Machine Interaction (HMI) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Human Machine Interaction (HMI) Market Size Forecast by Type
5.2.1 Hardware (Basic HMI
5.2.2 Advanced PC-Based HMI
5.2.3 Advanced Panel-Based HMI)
5.2.4 Software (On-Premise HMI and Cloud-Based HMI)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Human Machine Interaction (HMI) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Human Machine Interaction (HMI) Market Size Forecast by Applications
6.2.1 Financial Services
6.2.2 Logistics
6.2.3 Industrial Automation
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Human Machine Interaction (HMI) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Human Machine Interaction (HMI) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Human Machine Interaction (HMI) Analysis and Forecast
9.1 Introduction
9.2 North America Human Machine Interaction (HMI) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Human Machine Interaction (HMI) Market Size Forecast by Type
9.6.1 Hardware (Basic HMI
9.6.2 Advanced PC-Based HMI
9.6.3 Advanced Panel-Based HMI)
9.6.4 Software (On-Premise HMI and Cloud-Based HMI)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Human Machine Interaction (HMI) Market Size Forecast by Applications
9.10.1 Financial Services
9.10.2 Logistics
9.10.3 Industrial Automation
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Human Machine Interaction (HMI) Analysis and Forecast
10.1 Introduction
10.2 Europe Human Machine Interaction (HMI) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Human Machine Interaction (HMI) Market Size Forecast by Type
10.6.1 Hardware (Basic HMI
10.6.2 Advanced PC-Based HMI
10.6.3 Advanced Panel-Based HMI)
10.6.4 Software (On-Premise HMI and Cloud-Based HMI)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Human Machine Interaction (HMI) Market Size Forecast by Applications
10.10.1 Financial Services
10.10.2 Logistics
10.10.3 Industrial Automation
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Human Machine Interaction (HMI) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Human Machine Interaction (HMI) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Human Machine Interaction (HMI) Market Size Forecast by Type
11.6.1 Hardware (Basic HMI
11.6.2 Advanced PC-Based HMI
11.6.3 Advanced Panel-Based HMI)
11.6.4 Software (On-Premise HMI and Cloud-Based HMI)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Human Machine Interaction (HMI) Market Size Forecast by Applications
11.10.1 Financial Services
11.10.2 Logistics
11.10.3 Industrial Automation
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Human Machine Interaction (HMI) Analysis and Forecast
12.1 Introduction
12.2 Latin America Human Machine Interaction (HMI) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Human Machine Interaction (HMI) Market Size Forecast by Type
12.6.1 Hardware (Basic HMI
12.6.2 Advanced PC-Based HMI
12.6.3 Advanced Panel-Based HMI)
12.6.4 Software (On-Premise HMI and Cloud-Based HMI)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Human Machine Interaction (HMI) Market Size Forecast by Applications
12.10.1 Financial Services
12.10.2 Logistics
12.10.3 Industrial Automation
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Human Machine Interaction (HMI) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Human Machine Interaction (HMI) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Human Machine Interaction (HMI) Market Size Forecast by Type
13.6.1 Hardware (Basic HMI
13.6.2 Advanced PC-Based HMI
13.6.3 Advanced Panel-Based HMI)
13.6.4 Software (On-Premise HMI and Cloud-Based HMI)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Human Machine Interaction (HMI) Market Size Forecast by Applications
13.10.1 Financial Services
13.10.2 Logistics
13.10.3 Industrial Automation
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Human Machine Interaction (HMI) Market: Competitive Dashboard
14.2 Global Human Machine Interaction (HMI) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Advantech
14.3.3 Emersion Electric
14.3.4 General Electric
14.3.5 Honeywell International
14.3.6 Kontron
14.3.7 Mitsubishi Electric
14.3.8 Rockwell Automation
14.3.9 Schneider Electric
14.3.10 Siemens
14.3.11 Yokogawa Electric
