Human Machine Interface Market size by Type (Display Terminals, Industrial PC's, Interface Software, and Others), by Offering (Hardware, Software and Services), by Components (Membrane Switch, Rubber Keyboard, Touchscreen Interface, Peripheral Devices, and Others), by Configuration (Embedded and Stand-Alone), by Technology (Motion, Bionic, Tactical, and Acoustic), and by End User (Automotive, Food & Beverage, Packaging, Metal & Mining, Aerospace, Pharmaceutical, Hospitality, Defence, Oil & Gas, and Others)– Global Opportunity Analysis and Industry Forecast 2024-2030

Market Definition

The Human Machine Interface Market size was valued at USD 5.34 billion in 2023 and is predicted to reach USD 10.14 billion by 2030 with a CAGR of 9.61% from 2024 to 2030.

Human Machine Interface (HMI) is a form of technology that enables engagement and communication of human with machine. HMI includes dashboard or screen through which human interacts with the machine. HMI is used in various sectors that includes automotive, food & beverage, packaging, metal & mining, aerospace, pharmaceutical, hospitality, defence, oil & gas and others. HMI acts as a bridge through humans can control machines through touchscreen and buttons, monitor data and input information. The use of HMI enhanced efficiency in performance of work through facilitating faster decision making and operation streamlining that adds to the advantage of using it. HMI empowers the operator to work in an informed, safer and productive work environment that attributes to the increasing applicability of HMI in contemporary time.

Market Dynamics and Trends

The rising automotive industry along with the surge in the demand for advanced in-vehicle technologies and interactive systems is driving the HMI market. HMIs play a crucial role in modern vehicles by providing touchscreen displays, voice recognition, gesture control, and other interactive features that enable drivers to access infotainment, navigation, climate control, and driver-assistance functionalities with ease.

In 2023, UK became the first country of the world to adopt hands free driving technology through installation of ADAS system in the vehicles. HMI in vehicles facilitates the use of ADAS system by providing the driver with intuitive visual, auditory and tactile feedback that allow the driver to customize setting based on individual preference and driving conditions.

Additionally, the rising adoption of automation in the operation of oil & gas industry is accelerating the growing demand of HMI market. HMI are used in oil & gas industry to get real time visualization, monitor drilling equipment and take informed decision that optimize operation efficiency and safety that results in its boosting market growth. 

According to Council of Foreign Relations Report of 2022, in current time U.S. produced 75% of its crude oil supply and 90% of natural gas domestically. The enhanced production growth in oil & gas sector of U.S. is contributed by adoption of HMI that allow interaction of humans with complex industrial machinery by offering intuitive controls, alarm management, and data analysis tools fastening the demand rate of HMI market.

Moreover, the increasing technological advancement in HMI in form of optimization of design, deployment and graphic option through direct interaction with machine is generating high demand of HMI. In March, 2023, Rockwell automation launched Factory Talk Optix to allow the users to test, design and deploy application directly from web browser.

These technological advancements in HMI are driving innovation, enhancing productivity, and improving user satisfaction across diverse applications and industries. However, connected HMIs that interface with networks or external devices may be vulnerable to cybersecurity threats such as hacking, malware, or data breaches, acts as restraining factor for the market’s growth.

Unauthorized access to sensitive information or control systems could pose significant risks to businesses and users. On the other hand, the emergence of AR & VR interface and Hepta technology in HMI is anticipated to generate significant growth opportunities for the market in the forthcoming years.

Market Segmentation and Scope of the Study

The HMI market is segmented on the basis of type, offering, components, configuration, technology, end users and geography. On the basis of type, the market is classified into display terminals, industrial PC's, interface software, and others. On the basis of offerings, the market is divided into hardware, software, and services. On the basis of component, the market is segmented into membrane switch, rubber keyboard, touchscreen interface, peripheral devices and others. On the basis of configuration, the market is divided into embedded, and standalone HMI. On the basis of technology, the market is bifurcated into motion, bionic, tactical, and acoustic. On the basis of end user, the market is segmented into automotive, food & beverage, packaging, metal & mining, aerospace, pharmaceutical, hospitality, defence, oil & gas, and others. Regional breakdown and deep analysis of each segment are included for North America, Europe, Asia-Pacific, and Rest of the World.

Geographical Analysis

North America holds the dominant share of global HMI market and is expected to continue dominating the market during the forecasted period. This is attributed to the ongoing technological advancement in HMI in the countries such as U.S. and Canada. These nations allocate significant portions of their GDP to research and development in the science and technology sector, aimed at fostering new technological innovations in existing products.

This commitment to innovation drives the growth of the HMI market in the region. According to World Economic Forum report, 2023, U.S. scores highest in R&D investment of science and technology sector. Large share of R&D spending on science and technology sector enables technological advancement in HMI in form of cutting-edge interfaces, including touchscreens, gesture recognition, voice control, augmented reality (AR), and virtual reality (VR), among others.

Moreover, the rising adoption of government initiative in form of funding and incentives for bringing innovation in the region is driving the market growth of HMI in the region. Funding initiatives of government that provide grants, subsidies, or tax incentives for businesses to invest in HMI systems incentivize companies to adopt these technologies, leading to increased demand in the region.

In March, 2024, Under Canada Innovative Solutions Program, NAQI Logix launched NAQI Earbuds that does not require brain implants. Innovative Solutions Canada is an initiative that provides government grants and procurement contracts to stimulate technology research, development, and commercialization to small Canadian business. Such kind of government support programs aimed at promoting technology adoption and innovation leads to introduction of innovative HMI solutions driving its demand in the region.

On the other hand, Asia Pacific is expected to show a steady rise in the HMI market. This is attributed to the presence of key players such as Rockwell Automation, Atrolin, Mitsubishi Electric, and Schneider Electric  that are adopting various strategies including business expansion and product launch is further driving the demand of HMI market. 

For instance, in January, 2024, Atrolin opened new lighting, HMI and electronic plant in India. The opening of vehicle manufacturing plant with HMI system to facilitate vehicles with advanced technology is accelerating the demand of HMI in the region.

Moreover, the growing demand of cloud adoption in the region is further accelerating the demand of HMI. Cloud-based HMI solutions allow remote access and control of systems from any location, allowing users to monitor and manage operations in real-time via web-based interfaces or mobile devices.

According to report of MicKinsey Digital, 2022, cloud adoption in China is expected to more than double in size from USD 32 billion in 2021 to USD 90 billion by 2025. Cloud adoption accelerate the demand of HMI market by providing enhanced accessibility, integration capabilities, and cost-effectiveness, enabling organizations to modernize their operations and improve productivity.

Competitive Landscape

The HMI market comprises of various market players such as Rockwell Automation Inc., Eaten Corporation Inc., OMRON Corporation, Honeywell International Inc., Marelli Holdings Co. Ltd., Mitsubishi Electric, ABB Ltd., Schneider Electric, Advantech Co., Ltd and American Industrial Systems Inc. These companies are adopting various strategies such as collaboration and product launc`h to remain dominant in the HMI market.

For instance, in July, 2023, Omron corporation launched NYE Series HMI that meets all global standards of recycling, reusing and contains no hazardous elements such as cadmium and lead. The launch of eco- friendly HMI series by Omron is boosting the demand of HMI market due to global support towards sustainable development.

Moreover, in January, 2023, Mareli collaborated with Sibros to incorporate air solution in next generation vehicle cockpit. The collaboration led to development of various in-cabin functions, enhancing the driver and passenger experiences through a coherent HMI boosting up the adoption of HMI in transportation sector.

Key Benefits

• The report provides quantitative analysis and estimations of the HMI market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep dive analysis of the HMI market including the current and future trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the HMI market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Key Market Segments 

By Type 

• Display Terminals

• Industrial PC's

• Interface Software

• Others 

By Offering 

• Hardware

• Software 

• Services

By Components 

• Membrane Switch

• Rubber Keyboard

• Touchscreen Interface

• Peripheral Devices

• Others

By Configuration 

• Embedded 

• Stand Alone HMI

By Technology 

• Motion

• Bionic

• Tactical

• Acoustic

By End User

• Automotive

• Food & Beverage

• Packaging

• Metal & Mining

• Aerospace

• Pharmaceutical

• Hospitality

• Defence

• Oil & Gas

• Others

By Region

• North America    

  • The U.S.

  • Canada

  • Mexico

• Europe    

  • The U.K.

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Netherlands

  • Finland

  • Sweden

  • Norway

  • Russia

  • Rest of Europe

• Asia-Pacific    

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific

• Rest of the World (RoW)    

  • Latin America

  • Middle East

  • Africa

REPORT SCOPE AND SEGMENTATION:

Test