Human Machine Interface Market 2021-2026: Global Share, Size, Growth, Key Players, and Trend

According to the latest report by IMARC Group, titled “Human Machine Interface Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global human machine interface market exhibited strong growth during 2015-2020. Looking forward, the global human machine interface market is expected to grow at a CAGR of around 9% during 2021-2026. Human-machine interface (HMI) is a software application that connects an operator to the controller for an industrial system. It comprises hardware and software components that allow the human operator to control, monitor, and collect data to generate results. It consists of various components, such as peripheral devices, motion sensors, speech-recognition interfaces, and other devices that aid in the transmission of information through heat, sound, sight, and touch. This application is now widely used across numerous industry verticals, including medical, military, and electronics, for reducing the chances of errors and improving the overall efficiency of the system.

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Global Human Machine Interface Market Trends:

The global HMI market is primarily driven by the rising trend of automation across the globe. The increasing incorporation of automated and digitized systems in production facilities has created a demand for efficient monitoring solutions, along with an escalating need for enhanced internal communication and alarm warnings, which is expected to impact the market positively. Additionally, HMI is extensively utilized in the oil and gas sector as it aids in remote location monitoring irrespective of the climatic conditions or other challenges. It is also employed in the pharmaceutical industry, owing to the growing requirement of machinery that enables contamination-free production of medicines with minimum human contact. Apart from this, HMI also forms an indispensable part of the chemical industry for defect identification.

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Key Market Segmentation:

Competitive Landscape with Key Player:

• ABB Asea Brown Boveri Ltd

• Mitsubishi Electric Corporation

• Honeywell International Inc

• Rockwell Automation, Inc.

• Schneider Electric SE

• Siemens AG

• General Electric Company

• Robert Bosch GmbH

• Kontron S&T AG

• Yokogawa India Ltd.

• Advantech Co., Ltd.

• Texas Instruments Incorporated

• Eaton Corporation plc.

Market Breakup by Component:

• Hardware

  • Basic HMI

  • Advanced Panel-Based HMI

  • Advanced PC-Based HMI

• Software

  • On-Premise HMI

  • Advanced Panel-Based HMI

  • Advanced PC-Based HMI

• Services

Market Breakup by Configuration:

• Embedded

• Standalone

Market Breakup by Technology Type:

• Motion HMI

• Bionic HMI

• Tactile HMI

• Optical HMI

• Acoustic HMI

Market Breakup by End-Use Industry:

• Packaging

• Food and Beverage

• Automotive

• Pharmaceuticals

• Utilities

• Metals and Mining

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Middle East and Africa

• Latin America.

Key Highlights of the Report:

• Market Performance (2015-2020)

• Market Outlook (2021- 2026)

• Porter’s Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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