Human Machine Interface (HMI) Market 2021 Size, Revenue, Growth Rate, Restraints, Forecast Analysis by 2025

Shibuya-ku, Tokyo, Japan, Japan, Jan 21, 2022, 01:28 /Comserve / -- An Human Machine Interface (HMI) stands a key constituent for these sweeping automation trends wherein it plays a vital role in presenting information to an operator or the user about the state of a process

Both capabilities of control systems and human machine interfaces thus are evolving with the growth and expectations of key infrastructural and manufacturing end-users.

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The report provides a holistic view of the global HMI market , the companies involved in the market, and the factors driving its growth. The report also provides information about the latest trends that are likely to become strong market driving forces over the next five years. It also provides the Porter's Five Forces analysis along with a description of each force and its impact on the market. Further, the report also provides complete value chain analysis of the global human machine interface market.

HMI Market: Key Vendor Analysis
• Schneider Electric
• Rockwell Automation
• Siemens
• Mitsubishi Electric
• Omron

Other vendors included in the report are ABB, General Electric, Toshiba, Kontron, Honeywell, Panasonic, Bosch Rexroth, Eaton, Emerson, Yokogawa.

HMI Market Dynamics
Continuous shift from WIMP-based GUI to Multi-touch GUI will drive the market growth

Internet of Things (IoT) is likely to change data capturing and handling dramatically, automated gesture recognition systems to gather significant interest, moderation and fundamental shifts in the wearables market, and virtualization and automation to majorly impact human machine interface development are among the latest trends that are going to boost the market growth during the forecast period. The report discusses the major trends and drivers, which are likely to shape the human machine interface market. A continuous shift from WIMP (Windows-Icon-Mouse-Pointer Based GUI) to Multi-Touch GUI, rise of augmented reality (AR) and immersive experiences, and overwhelming rise in global industrial automation expenditure are the key factors that are likely to drive the market.

HMI Market: Segmental Overview
Motion technology to post the highest growth rate of 10% during the forecast period.

Tactile, optical, and acoustic technologies together held 90.7% of the market share in 2016. The main driving factor of these technologies is that they provide effective public interface applications. The bionic technology will be the major revenue contributing segment of the global HMI market. Also, the motion technology will post the highest growth rate of more than 10% during the forecast period.
The analysts at Arizton expect that embedded configuration will have the dominance over the HMI market growing rapidly compared with the standalone segment. Similarly, the software interface will post a rapid growth rate during the forecast period but the hardware interface will remain the dominant segment in terms of revenue. In 2022, the automotive, chemicals and petrochemicals, and food and beverage manufacturing sectors will be the major end-users of the global HMI market.

HMI Market: Geographical Analysis
North America to remain the largest market followed by Europe

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The global HMI market, which is concentrated in four countries, constituting about half of the global market size, is China, Japan, Canada, and the US. The demand for human machine interface implementation in the North America region is driven by a high awareness of their advantages over conventional products, better product availability, and extensive reach of innovative products. The US is the world's largest market for human machine interfaces, driven by a high degree of automation, better availability of range and awareness, followed by China. The market in Europe is largely driven by the demand from key end-user industries in Germany, the UK, and France.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

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