New York, United States, June 21, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “HMI market Analysis by Components, Configuration Type (Standalone, Embedded), End User (Automotive, Semiconductor, Pharmaceutical, Oil & Gas, Food & Beverage, Aerospace & Defense) – Planned evaluation through 2027 is about to be completed. ‘reach USD 7.24 billion by 2026, registering a CAGR of 4.80% throughout the forecast period (2021-2026).
HMI market overview
The Human Machine Interface market is poised to experience notable revenue growth with improved HMI frameworks conveying higher usual accommodation.
Scope of HMI Market Report:
|Market size||$7.24 billion|
|Forecast units||Value (USD billion)|
|Report cover||Revenue forecasts, competitive landscape, growth factors and trends|
|Segments Covered||Components, end user and region|
|Geographical areas covered||North America, Europe, Asia-Pacific and Rest of the World (RoW)|
|Main suppliers||Siemens AG, Honeywell International Inc., ABB Ltd., Rockwell Automation Inc., Schneider Electric SE, Clarion Co. Ltd. (Japan), Robert Bosch (Germany), Denso Corporation (Japan), Synaptics Incorporated (USA), Voicebox Technologies (USA) Magneti Marelli SpA (Italy), Altran Technologies, SA (France), Delphi PLC (United Kingdom United States), Continental AG (Germany), Alpine Electronics, Inc. (Japan), Valeo SA (France), Visteon Corporation (United States), and Luxoft Holding, Inc. (Switzerland)|
|Key market opportunities||Rapid and innovative HMI arrangements and extensive R&D exercises by Territorial Trade Members are needed to open doors to the HMI market|
|Key Market Drivers||Players working in the auto human-machine interface market are gradually devoting resources to improving car HMI frameworks to improve customer reception|
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The emergence of driverless cars and automated driving is influencing the growth of the HMI market. The human-machine interface industry is expected to undergo a momentous change thanks to the rapid technological revolution. The development of new products and exceptionally unique and versatile technological advances improving the adaptabilities of dashboard format are the latest trends in the human-machine interface market.
The market is expected to experience an explosion in demand soon, which will help it grow significantly. Additionally, growing preference for connected cars and premium vehicles and increasing vehicle sales are bolstering the market demand. The recent entry of high-tech companies such as Google has further boosted the growth prospects of the market. Additionally, the attractive advantages of HMI in various industries are favoring the Human Machine Interface market size.
Why is HMI becoming more important?
Human-machine interface (HMI), also widely known as man-machine interface or computer-human interface, enables communication between humans and machines, the mechanism for detecting external conditions. The growing use of Internet of Things (IoT) creates a vast need for an advanced HMI to interact with and control various connected devices.
Today we live in a world of interconnectivity, and IoT is crucial to connect industrial and consumer products through the Internet and HMIs are required to operate these devices. In recent years, with the latest technological upgrades, HMIs have become more sophisticated. Adding an HMI to a workplace or the most demanding industrial applications benefits a facility by improving productivity, operation and safety.
HMIs are everywhere, from high-tech machines and embedded (automotive) systems to vending machines. Several industries, such as pharmaceuticals, manufacturing plants, food and beverage, and utilities, use HMIs. In many industries, an HMI is the backbone of the production line, where it dramatically improves operations by enabling data acquisition, supervisory control, enhanced inventory control, and verification of every aspect of the lines. Manufacturing.
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Human Machine Interface Market Segments
The HMI Market report is segmented into Components, Technology, Interface, Configuration, End User and Regions. Among these, the component segment includes hardware and software. Then, the technology segment includes optics, acoustics, bionics, materials and motion. The interface segment includes equipment and programming.
The configuration segment includes standalone, integrated, and others. The end-user segment includes automotive, semiconductor, pharmaceutical, oil & gas, food & beverage, aerospace & defense, etc. Further, the regional segment is sub-segmented into Asia Pacific, Americas, Europe and Rest of the World.
HMI Market Regional Analysis
North America dominates the global human-machine interface market. Factors driving the growth of the market include high per capita income, large number of car users, as well as rapid advancements and adoption of futuristic technologies. Also, the presence of technologically advanced companies is further boosting the HMI market share.
The European human-machine interface market is likely to grow rapidly owing to the large presence of well-established automotive industries in France, Sweden, and Germany. The Italian luxury car industry, in particular, is providing further impetus to the human-machine interface market.
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The size of the human machine interface market in Asia-Pacific is expected to grow exponentially in the coming years. Rapidly growing manufacturing sectors and increasing integrations of futuristic HMIs in vehicles are increasing the market shares of the region. Additionally, considerable financial improvement in the region is having a positive impact on market growth, increasing discretionary cash flow in end-use industries. APAC countries, such as Japan, South Korea, China, and India, account for significant regional market shares, with significant technological advancements and leadership in data and electronics.
The HMI market in the Middle East benefits from wealthy Gulf countries, such as Saudi Arabia, Qatar and Kuwait. On the other hand, the African market is likely to lag due to poor infrastructure and low incomes.
Human Machine Interface Market Competitive Analysis
The Dominant Key Players in the Human Machine Interface Market Covered Are:
- Siemens AG
- Honeywell International Inc.
- ABB Ltd.
- Rockwell Automation Inc.
- Schneider Electric SE
- Clarion Co.Ltd. (Japan)
- Robert Bosch (Germany)
- Denso Corporation (Japan)
- Synaptics Incorporated (USA)
- Voicemail Technologies (US)
- S.A. (France)
- Delphi PLC (UK)
- Continental AG (Germany)
- Alpine electronics
- Inc. (Japan)
- Valeo SA (France)
- Visteon Corporation (USA)
- Luxoft Holding Inc. (Switzerland)
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Highly competitive, the HMI market appears fragmented due to the presence of several well-established industrial players. These players initiate strategic approaches such as mergers and acquisitions, collaboration, expansion, and technology launches to gain greater competitive advantage. Another strategy adopted by HMI vendors is to work closely with end users to deliver customized solutions and achieve a steady flow of demand, which benefits both partners.
For example, recently, on June 8, 2022, Volvo Cars and Epic Games announced their collaboration to develop a real-time 3D automotive HMI. Volvo unveils its vision for real-time, photorealistic 3D content that will revolutionize the role of the in-vehicle human-machine interface (HMI), bringing new customer value and the outside world safely into the vehicle.
The underlying technology includes an unreal engine, and the visualization tool developed by Epic Games is used to power one of the biggest games, Fortnite. Said Unreal Engine would run on the HMI, providing cutting-edge graphics and a host of other features new to the car but thoroughly proven in the gaming industry.
In another case, on June 22, 2022, Cincoze, a rugged embedded computer brand, launched its edge computing solutions complete with display for smart manufacturing at Embedded World 2022, Germany. The official launch of many new products demonstrated the finesse of Cincoze in on-board computer systems.
Its rugged integrated fanless computers feature state-of-the-art computing solutions for harsh environments. Integrated GPU computers feature GPUs for machine vision and AI deep learning, real-time processing of large images, plus modular panel PC and industrial monitors for HMI display computing solutions .
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