The Global Market for Human Machine Interface (HMI) Solutions is Projected to Exceed US$5.0 Billion by 2020

Strong Growth in Industrial Automation Drives the Global Human Machine Interface (HMI) Solutions Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Human Machine Interface (HMI) Solutions. The global market for Human Machine Interface (HMI) Solutions is projected to exceed US$5.0 billion by 2020, driven by strong growth in industrial automation, technological advancements, and robust demand from end-use industries.

Human machine interface (HMI) solutions comprises a broad gamut of hardware and software solutions that can range from input buttons of a phone to control panels used in the most complex industrial machinery. Popularly known as User Interface (UI), Man Machine Interface (MMI) or Operator Interface Terminal (OIT), HMI represents a platform for communication and information exchange between electromechanical systems/machines and human beings. Modern HMI solutions are full-fledged ‘enterprise interfaces’ that capture, convey, and control information flow from the factory floor to all departments/operations in the client’s enterprise ecosystem. Technology advancements in HMI solutions, over the years, resulted in significant customization, scalability, interoperability, and portability across multiple platforms.

Increasing need for data security and reliable hardware, along with robust demand for efficient and reliable systems and software, represent major growth drivers in the global HMI market. Major complementary technologies enabling efficiency improvements in HMI solutions include voice recognition, gesture recognition, touchless sensing, touch screen modules, wearable technology, and mobile augmented reality, among others. The evolution of the Industrial Internet of Things (IIoT) and Industry 4.0 technologies offer a strong business case for smart HMI solutions. Future growth in the market will be driven by robust demand from end-use industries such as automotive, oil & gas, packaging, aerospace & defense, and food & beverage, among others. Other important growth drivers include increasing industrial demand for sustainability and energy efficiency, and growing demand for mobility for accessing data from multiple locations for real-time controlling and monitoring of machinery. Additionally, growing need to improve manufacturing safety and productivity and increasing investments in new & advanced infrastructure and power projects are also driving market growth.

As stated by the new market research report on Human Machine Interface (HMI) Solutions, the United States represents the largest market worldwide. Key growth drivers in developed markets such as the US, Europe and Japan include increasing investments in industrial automation, rising security concerns, growing demand for convenient and technically advanced HMI solutions, and stringent energy efficiency regulations. Asia-Pacific ranks as the fastest growing market with a CAGR of 8.5% over the analysis period. Untapped possibilities in technology penetration and growing automation of process monitoring and control in China and India are expected to benefit demand in the region.

Key players covered in the report include Advantech Co., Ltd., American Industrial Systems Inc., ARC Informatique, Beijer Electronics Inc., Brainchild Electronic Co., Ltd., B-Scada, Inc., EAO AG., Elektrobit Corporation, GGI International, IMO Pacific Pty Ltd., Ing. Punzenberger COPA-DATA GmbH, Interlink Electronics, Inc., Panasonic Corporation, Pro-face America, Inc., Progea S.r.l., Red Lion Controls Inc., Renu Electronics Pvt. Ltd., Rightware Oy, Rittal GmbH & Co. KG, Schneider Electric Software, LLC, Siemens AG, and WECON Technology Co. Ltd., among others.

The research report titled “Human Machine Interface (HMI) Solutions: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil, and Rest of Latin America). Key segments analyzed in the report include HMI Software and HMI Hardware. End-use application industries analyzed in the report include Automotive, Food & Beverage, Healthcare, Oil & Gas, and Others.

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