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Human Machine Interface Market Overview, To Develop with Increased Global Emphasis on Industrialization 2027

The human machine interface market was valued at US$ 4.18 Bn in 2019 and is projected to reach US$ 8.77 Bn by 2027; it is expected to grow at a CAGR of 9.9% from 2020 to 2027.


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Shahbaz Syed

2 years ago | 2 min read

According to the new research report
published by The Insight Partners, titled “
Human Machine Interface Market - Global
Analysis and Forecast to 2027”, the global human machine interface market is
expected to reach US$ 8.77 Bn by 2027, registering a CAGR of 9.9% during the
forecast period 2020-2027.

HMIs are not limited to manufacturing companies. Various
businesses operating in industry verticals such as energy, healthcare, and
defense are increasingly using them. Additionally, the benefits provided, such
as remote control, along with extensive use of HMIs in oil and gas treatment
units and water treatment units for working in harsh climates, can also
significantly increase product demand. This also instigated firms to improve
better wear and tear properties of products. That trend of protocol conversion
for data sharing between all connected devices is anticipated to catalyze
further growth of the HMI industry. Furthermore, technical developments such as
open platform architecture or OPA, leading to improved migration processes, are
also likely to spur demand in the coming years. Factors such as the growing
need for change in the business process to integrate HMIs along with high
upfront capital may adversely affect the development of the market. Also,
knowledge of HMIs among management and lower-level workers, along with a lack
of experienced professionals, may affect the growth of the industry. The HMI
industry has witnessed several technological developments and advancements from
the touchscreen.

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HMIs usually contain sensitive display elements and backlights,
and are likely to have operating temperature ranges that are more stringent
than other automation components. The display brightness (generally measured in
nits) and the estimated lifespan of the backlight should be carefully
evaluated. Hardware segment can be classified into PC-based hardware,
panel-based hardware, and others. Users may want to use a physical on-board
keypad or an external keyboard and mouse for certain applications —
particularly involving data entry. Most designers however follow the example of
mobile devices and are searching for touchscreens.

Software is classified into on premise and cloud-based. HMI
software offers the versatility of the touch screen across a multitude of
dimensions and colors. Additionally, it provides control functions for
industrial automation equipment. Programming can be achieved with Windows-based
applications and the screen editor. It can allow the schematics to be edited
quickly and can set correct communication protocols. The fastest-growing HMI
software is programs that will enable users to track and manage HMIs remotely
from smartphones, tablets, or off-site PCs. Traditional setups only allow users
to get to the HMI on the factory floor. Still, the new cloud-based HMI platform
provides remote access to operators allowing them to test machines from
anywhere. Often called web-based visualization, this is particularly useful
where machines run in hard-to-reach places. Related innovations in HMI software
also allow remote users to make adjustments to the system functions on-the-fly
(for variable production output). During the forecast period, the HMI software
offering market is expected to rise at a higher pace. HMI software systems
provide versatility and reliability and also boost production process
performance, which is expected to increase HMI software during the forecast
period.  

About Us:

The Insight Partners is a one stop industry research
provider of actionable intelligence. We help our clients in getting solutions
to their research requirements through our syndicated and consulting research
services. We specialize in industries such as Semiconductor and Electronics,
Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare
IT, Manufacturing and Construction, Medical Device, Technology, Media and
Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would
like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com

Phone: +1-646-491-9876

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