Global Human Machine Interface Market was valued $xx Bn in 2019 and is expected to reach $7.24 Bn by 2026, at a CAGR of 5.3% during the forecast period.
Global Human Machine Interface Market Introduction
A human machine interface (HMI) is an electronic device component that allows the user to easily communicate and interact with the machine or system. It's also known as a computer-human interface (CHI), a man-machine interface (MMI), or a human-computer interface (HCI). HMI is made up of a number of hardware and software components that convert human inputs into signals that the machine may use to produce results. Motion sensors, peripheral devices, speech-recognition Interface and other devices are used to transmit information via sound, sight, heat, and touch. It helps to reduce errors while also improving customer satisfaction, efficiency, and comfort.
Global Human Machine Interface Market Dynamics
The global human machine interface (HMI) market was valued at 3.71 billion dollars in 2020, with estimates expecting a 7.24 billion dollar increase by 2026. In the coming years, advancements in HMI programming software to integrate multi-vendor environment management capability are likely to fuel market growth. Furthermore, benefits such as remote control and widespread use of HMIs in oil and gas and water treatment facilities for use in severe climates may greatly raise product demand. This has prompted corporations to build technologies that are more resistant to wear and tear.
The growing trend of protocol conversion for data transmission amongst all linked devices is expected to fuel HMI market growth. Furthermore, technology improvements such as open platform architecture (OPA) that streamline the migration process are expected to boost demand. The market's growth is being fueled by the rising trend of digitalization, as well as the introduction of HTML5 and the Industrial Internet of Things (IIOT). End customers may easily use new software applications thanks to HTML5 and IIOT, and machinery and equipment can be monitored more effectively across industries. In addition, businesses are increasingly focusing on creating adaptable and useful interfaces in order to establish more profitable market prospects. In addition, the industry is being driven by an increased preference for multi-touch screens and devices for augmented and virtual reality (AR/VR). According to the World Bank, the number of linked IoT devices reached 20.35 billion in 2017 and is expected to reach 51.11 billion by 2023.
Over the last few years, the importance of user interfaces has grown increasingly obvious. Apple's devices, such as the iPod and iPhone, are iconic examples of how smart user interfaces have completely revolutionized how people perceive certain product types. Apple's and other consumer-oriented merchandise's success demonstrates that standard aesthetics, visuals, and atmosphere play a key role in brand differentiation and consistent customer experiences. Many industrial businesses have come to the same conclusion and are beginning to place a greater emphasis on the quality of their products' user interfaces. Higher levels of functionality and interactions incorporated in the HMI, as well as rising consumer demand for multi-touchscreens and high-quality displays, are likely to drive the growth of the market.
Global Human Machine Interface Market Segment Analysis
Automotive is expected to account for a significant share of the market.
Various end-user industries find major HMI applications in the automotive industry. Modifications have become an unavoidable feature of the car business as manufacturing technology evolves at a rapid pace. Because these solutions are widely used in production units for practically all machines and other supporting tasks, the automobile sector is expected to contribute considerably to the growth of the HMI market. The global market value is driven by the presence of some significant producers, as well as increased consumption. For example, registrations of alternatively powered vehicles in the European Union have increased steadily by 46.2 %. By July 2019, 110,630 electric cars (EVs) had been registered, up 51.8 % from the previous year. Vehicles nowadays are equipped with several HMI systems, which necessitate the coordination of many device-specific operating systems.
In addition, DENSO Corporation and Qualcomm Technologies, Inc. announced cooperation in January 2020 to develop next-generation cockpit technologies. Due to enhanced driver aid capabilities using cameras and sensors, as well as different entertainment functions, the amount of information delivered by a car to the driver has increased in recent years. Human-machine interfaces play a vital role in giving updates to drivers quickly, productively, and safely while avoiding distractions, thanks to these changes for vehicle-driver communication. Multiple HMI components, including the instrument cluster, in-vehicle multimedia, and the Head-Up Display, work together to make this procedure possible. As the use of data-driven connected vehicles grows, this combination of powerful software and human interaction produces a seamless automotive user experience.
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Global Human Machine Interface Market Regional Insights
Because of rising disposable income and population, Asia-Pacific is expected to grow at a faster rate than other regions. China and Japan are thought to be the production centers for the equipment needed for the human interface machine in this region. The success of China's first brain-computer interface (BCI) implant was announced by Zhejiang University in January 2020. The brain-machine interface opens up a new channel of communication and control between the brain and other devices, such as artificial limbs.
The HMI market in APAC is likely to benefit from rapid technological improvements in HMI solutions and strong R&D activity by regional industry participants. APAC has developed into a significant manufacturing hub as numerous firms relocate their manufacturing facilities there to take advantage of the availability of skilled and relatively inexpensive labor. One of the primary factors supporting the growth of the HMI market in APAC is the region's process and discrete manufacturing industries' gradual use of automated technology.
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Global Human Machine Interface Market Report Scope: Inquire before buying
Global Human Machine Interface Market, by Region
• North America
• Europe
• South America
• MEA
• Asia Pacific
Global Human Machine Interface Market Key Players
• Rockwell Automation, Inc.
• Schneider Electric SE
• ABB Ltd.
• Siemens AG
• Mitsubishi Electric Corporation
• Advantech Co, Ltd
• Emerson Electric Co.
• General Electric
• Honeywell International, Inc
• Yokogawa
• Robert Bosch GmbH
• Kontron AG
• Texas Instruments
• Eaton
• Omron
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