Global Human Machine Interface (HMI) Market Growth and Development in Upcoming Years

Human Machine Interface (HMI) Market

The global human machine interface (HMI) market is anticipated to hit USD 6.98 billion by 2025. In the coming years, advances in HMI programming tools to integrate the potential of multi-vendor environment management are expected to fuel market growth. Furthermore, the benefits provided, such as remote operation, along with the large use of HMIs in oil and gas and water treatment units for working in harsh climates, can also significantly increase product demand. This has also inspired businesses to build devices that have better wear and tear properties.

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To further catalyze HMI market development, the growing trend of protocol conversion for data sharing between all connected devices is expected. In addition, technical developments such as open platform architecture or OPA are also likely to spur demand in coming years, resulting in improved migration processes. Factors such as the growing need to change the business process to implement HMIs along with high upfront capital could have adverse effects on market growth. In addition, the perception of HMIs among management and lower-level workers, along with the lack of experienced professionals, may also affect the growth of the industry.

From 2020 to 2025, the human-machine interface market in APAC is expected to rise at the fastest pace. One of the major factors driving the growth of the HMI market in APAC is the region’s process and distinct manufacturing industries’ gradual adoption of automated technologies.

Various end-user industries find major HMI applications in the automotive industry. The global market value is influenced by the involvement of some leading producers, as well as increased consumption. For example, registrations of alternatively driven vehicles in the European Union have increased steadily by 46.2 percent.

The rising trend of protocol conversion for data sharing between all connected devices is expected to drive HMI market growth even further. Furthermore, technical advances such as open platform architecture (OPA), which improves the migration process, are expected to boost demand in the coming years.

Among process industries, between 2020 and 2025, the pharmaceutical industry is expected to expand at the highest CAGR. As pharmaceutical manufacturing processes are highly complex, in order to achieve operational performance, careful monitoring of all processes in a manufacturing plant is important. Assets used in manufacturing need to be constantly tracked, which can be achieved using HMI solutions effectively. In addition, developments in the pharmaceutical industry, such as biopharmaceuticals, enable drug manufacturers to implement innovative solutions for monitoring and control to ensure quality, protection and compliance with regulations.

Leading companies typically not only rely on their installed base but also position themselves as technology leaders.  Technology leaders can increase market share while avoiding price competition by adopting technological trends early and working closely with key customers to keep ahead of the growing number of followers. Contextual HMI software is expected to replace stationary HMI software and bring major benefits to users.  Contextual HMI software provides simple and elegant solutions.  Contextual, in the case of HMI software, means in the context of the worker’s location and work to be performed.  Stationary HMI software often cannot meet the needs and expectations of mobile operators, as today’s workers want information at their fingertips, and they increasingly look to their mobile devices to provide it.

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COVID-19 Impact on the Human Machine Interface Market

The COVID-19 epidemic has caused global supply chains and company processes to be disrupted. Although the pandemic did not affect the demand for HMI software and services in 2019, the market forecasts take into account industry dynamics with the best predictions from ARC on how COVID-19 will affect the market for HMI software and services in various industries.

Some of the Major Market Key Players Are:

•    Schneider Electric SE (Europe),
•    Rockwell (U.S.A),
•    Siemens (Germany)
•    ABB Ltd (Switzerland)
•    Honeywell International Inc. (U.S.A)
•    Mitsubishi Electric Corporation (Japan)
•    Advantech Co, Ltd (Taiwan)
•    Emerson Electric Co. (U.S.A)
•    General Electric (U.S.A)
•    Yokogawa (Japan)

Source: VynZ Research

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