0

Human Machine Interface Market by End-user, Type, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR43480
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Safe and Secure SSL Encrypted

info
close
  • Single User:

    Quick and easy buy and download option

  • Enterprise:

    Flexible option - Complimentary customization included

2500 USD

The human machine interface market share is expected to increase by USD 2.64 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 8.16%.

This human machine interface market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers human machine interface market segmentations by end-user (automotive, healthcare, food and beverage, oil and gas, and others), type (hardware and software and service), and geography (North America, Europe, APAC, MEA, and South America). The human machine interface market report also offers information on several market vendors, including Advantech Co. Ltd., Eaton Corp. Plc, Emerson Electric Co., General Electric Co., Mitsubishi Electric Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Texas Instruments Inc. among others.

What will the Human Machine Interface Market Size be During the Forecast Period?

Human Machine Interface Market Size

Download the Free Report Sample to Unlock the Human Machine Interface Market Size for the Forecast Period and Other Important Statistics

 

Human Machine Interface Market: Key Drivers, Trends, and Challenges

The growing adoption of industrial automation is notably driving the human machine interface market growth, although factors such as growing threats from cyberattacks may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the human machine interface industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Human Machine Interface Market Driver

One of the key factors driving the human machine interface market growth is the growing adoption of industrial automation. Industrial automation is continuously growing, as it supports enterprises in industries such as manufacturing to carry out processes with minimal human intervention. For instance, the global industrial automation market is expected to grow by around $107 billion from 2019 to 2025. Industrial automation involves the application of different control systems, such as human machine interfaces, which enable operating machines to work on their own tasks that require endurance, speed, and precision. Several industrial enterprises are adopting industrial automation systems to reduce the labor burden and operating costs. Human machine interfaces in industrial automation enable machine operators to perform tasks with the help of concise automation equipment using an interface instead of levers and switches. The seamless integration of human machine interfaces, such as actuators, switch controls, and indicators, are critical to the successful operation of machines. Hence, with the growing adoption of industrial automation, the demand for human machine interfaces is also expected to increase during the forecast period.

Key Human Machine Interface Market Trend

Emergence of high-performance human machine interfaces is the major trend influencing the human machine interface market growth. High-performance human machine interfaces consist of displays and designs, which help viewers make decisions in the shortest amount of time after interacting with this solution. The human machine interface has evolved from mechanical walls to high-resolution screens with bright color possibilities and extreme sharpness. Users and operators are increasingly opting for high-performance human machine interfaces, as this helps in ensuring an effective and fast interaction. The design of this solution helps in drawing attention to the critical or most necessary indicators of the machine, which helps viewers to respond to problems to make effective and better-informed decisions. This is encouraging vendors to invest in the development of high-performance human machine interfaces in order to gain a competitive edge over their rivals. Thus, the emergence of high-performance human machine interfaces will support the growth of the market in focus during the forecast period.

Key Human Machine Interface Market Challenge

Growing threats from cyberattacks is one of the key challenges hindering the human machine interface market growth. Cyberattacks by hackers and cybercriminals are growing at an alarming rate. Cyberattacks can severely disrupt and damage enterprise reputation and goodwill. The number of cyberattacks, including system attacks or network attacks by hackers, is rising globally. Hackers and cybercriminals find it easy to attack human machine interfaces as some of the human machine interfaces are accessible via unauthenticated virtual network computing (VNC) servers. Thus, a potential hacker can interact with these exposed human machine interfaces using a VNC viewer. Many of these exposed human machine interfaces are used to perform critical functionalities such as reset, start, stop, parameter changes, and alarm. Although many vendors are offering human machine interfaces with enhanced security by reducing process steps, hackers and cybercriminals are finding ways around to hack the systems and get system access. It will have a negative impact on the growth of the global human machine interface market during the forecast period.

This human machine interface market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global human machine interface market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the human machine interface market during the forecast period.

Who are the Major Human Machine Interface Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Advantech Co. Ltd.
  • Eaton Corp. Plc
  • Emerson Electric Co.
  • General Electric Co.
  • Mitsubishi Electric Corp.
  • Robert Bosch GmbH
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG
  • Texas Instruments Inc.

 

This statistical study of the human machine interface market encompasses successful business strategies deployed by the key vendors. The human machine interface market is fragmented and the vendors are deploying growth strategies such as extending product portfolios with increasing investments in R&D to compete in the market.

Product Insights and News

  • Advantech Co. Ltd. - The company offers control panel, web browser terminal, industrial thin client and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The human machine interface market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Human Machine Interface Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the human machine interface market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Human Machine Interface Market?

Human Machine Interface Market Market segmentation by region

For more insights on the market share of various regions Request for a FREE sample now!

35% of the market's growth will originate from North America during the forecast period. US is the key market for human machine interface in North America. Market growth in this region will be slower than the growth of the market in other regions.

In North America, the human machine interface market is expected to be driven by the growth in industries such as healthcare, automotive, oil and gas, and food and beverages. The healthcare industry is expected to grow in this region, owing to an increase in the number of people with chronic diseases in countries such as the US and Canada. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 negatively impacted various end-user industries such as manufacturing, consumer goods, oil and gas, chemicals, and mining, which use human machine interfaces. However, owing to the pandemic, there has been positive growth in the healthcare industry, which is compensating for the loss incurred by the vendors in the regional human machine interface market to some extent. Conditions are improving due to an increase in the number of vaccinated individuals and the lifting of lockdown restrictions in phases. Hence, the requirement of human machine interface solutions from end-user industries, such as automotive, aerospace, industrial manufacturing, and oil and gas, are anticipated to increase by the end of 2021, which will help the market in focus witness significant growth during the forecast period.

What are the Revenue-generating End-user Segments in the Human Machine Interface Market?

Human Machine Interface Market Segmentation

To gain further insights on the market contribution of various segments Request for a FREE sample

The human machine interface market share growth by the automotive will be significant during the forecast period. In the automotive industry, technological advances are increasing, and consumer preferences are also changing. Therefore, the demand for automobiles is expected to remain stable during the forecast period. The demand for electric and autonomous vehicles is rising continuously and driving the growth of the automotive industry.

This report provides an accurate prediction of the contribution of all the segments to the growth of the human machine interface market size and actionable market insights on post COVID-19 impact on each segment.

 

Human Machine Interface Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8.16%

Market growth 2021-2025

$ 2.64 billion

Market structure

Fragmented

YoY growth (%)

5.45

Regional analysis

North America, Europe, APAC, MEA, South America, North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 35%

Key consumer countries

US, China, Japan, Germany, and Italy

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Advantech Co. Ltd., Eaton Corp. Plc, Emerson Electric Co., General Electric Co., Mitsubishi Electric Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Texas Instruments Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Human Machine Interface Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive human machine interface market growth during the next five years
  • Precise estimation of the human machine interface market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the human machine interface industry across North America, Europe, APAC, MEA, South America, North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of human machine interface market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Industrial machinery

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 15: End-user - Market share 2020-2025 (%)
    • 5.2 Comparison by End-user
      • Exhibit 16: Comparison by End-user
    • 5.3 Automotive - Market size and forecast 2020-2025
      • Exhibit 17: Automotive - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Automotive - Year-over-year growth 2020-2025 (%)
    • 5.4 Healthcare - Market size and forecast 2020-2025
      • Exhibit 19: Healthcare - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Healthcare - Year-over-year growth 2020-2025 (%)
    • 5.5 Food and beverage - Market size and forecast 2020-2025
      • Exhibit 21: Food and beverage - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Food and beverage - Year-over-year growth 2020-2025 (%)
    • 5.6 Oil and gas - Market size and forecast 2020-2025
      • Exhibit 23: Oil and gas - Market size and forecast 2020-2025 ($ million)
      • Exhibit 24: Oil and gas - Year-over-year growth 2020-2025 (%)
    • 5.7 Others - Market size and forecast 2020-2025
      • Exhibit 25: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: Others - Year-over-year growth 2020-2025 (%)
    • 5.8 Market opportunity by End-user
      • Exhibit 27: Market opportunity by End-user

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 28: Type - Market share 2020-2025 (%)
    • 6.2 Comparison by Type
      • Exhibit 29: Comparison by Type
    • 6.3 Hardware - Market size and forecast 2020-2025
      • Exhibit 30: Hardware - Market size and forecast 2020-2025 ($ million)
      • Exhibit 31: Hardware - Year-over-year growth 2020-2025 (%)
    • 6.4 Software and service - Market size and forecast 2020-2025
      • Exhibit 32: Software and service - Market size and forecast 2020-2025 ($ million)
      • Exhibit 33: Software and service - Year-over-year growth 2020-2025 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 34: Market opportunity by Type

    7 Customer landscape

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 36: Market share by geography 2020-2025 (%)
    • 8.2 Geographic comparison
      • Exhibit 37: Geographic comparison
    • 8.3 North America - Market size and forecast 2020-2025
      • Exhibit 38: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 39: North America - Year-over-year growth 2020-2025 (%)
    • 8.4 Europe - Market size and forecast 2020-2025
      • Exhibit 40: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 41: Europe - Year-over-year growth 2020-2025 (%)
    • 8.5 APAC - Market size and forecast 2020-2025
      • Exhibit 42: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 43: APAC - Year-over-year growth 2020-2025 (%)
    • 8.6 MEA - Market size and forecast 2020-2025
      • Exhibit 44: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 45: MEA - Year-over-year growth 2020-2025 (%)
    • 8.7 South America - Market size and forecast 2020-2025
      • Exhibit 46: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 47: South America - Year-over-year growth 2020-2025 (%)
    • 8.8 Key leading countries
      • Exhibit 48: Key leading countries
    • 8.9 Market opportunity by geography

      9 Drivers, Challenges, and Trends

      • 9.1 Market drivers
        • 9.2 Market challenges
          • Exhibit 50: Impact of drivers and challenges
        • 9.3 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • Exhibit 51: Vendor landscape
          • 10.2 Landscape disruption
            • Exhibit 52: Landscape disruption
            • Exhibit 53: Industry risks

          11 Vendor Analysis

          • 11.1 Vendors covered
            • Exhibit 54: Vendors covered
          • 11.2 Market positioning of vendors
            • Exhibit 55: Market positioning of vendors
          • 11.3 Advantech Co. Ltd.
            • Exhibit 56: Advantech Co. Ltd. - Overview
            • Exhibit 57: Advantech Co. Ltd. - Business segments
            • Exhibit 58: Advantech Co. Ltd. - Key offerings
            • Exhibit 59: Advantech Co. Ltd. - Segment focus
          • 11.4 Eaton Corp. Plc
            • Exhibit 60: Eaton Corp. Plc - Overview
            • Exhibit 61: Eaton Corp. Plc - Business segments
            • Exhibit 62: Eaton Corporation Plc - Key news
            • Exhibit 63: Eaton Corp. Plc - Key offerings
            • Exhibit 64: Eaton Corp. Plc - Segment focus
          • 11.5 Emerson Electric Co.
            • Exhibit 65: Emerson Electric Co. - Overview
            • Exhibit 66: Emerson Electric Co. - Business segments
            • Exhibit 67: Emerson Electric Co. - Key news
            • Exhibit 68: Emerson Electric Co. - Key offerings
            • Exhibit 69: Emerson Electric Co. - Segment focus
          • 11.6 General Electric Co.
            • Exhibit 70: General Electric Co. - Overview
            • Exhibit 71: General Electric Co. - Business segments
            • Exhibit 72: General Electric Co. - Key offerings
            • Exhibit 73: General Electric Co. - Segment focus
          • 11.7 Mitsubishi Electric Corp.
            • Exhibit 74: Mitsubishi Electric Corp. - Overview
            • Exhibit 75: Mitsubishi Electric Corp. - Business segments
            • Exhibit 76: Mitsubishi Electric Corp. -Key news
            • Exhibit 77: Mitsubishi Electric Corp. - Key offerings
            • Exhibit 78: Mitsubishi Electric Corp. - Segment focus
          • 11.8 Robert Bosch GmbH
            • Exhibit 79: Robert Bosch GmbH - Overview
            • Exhibit 80: Robert Bosch GmbH - Business segments
            • Exhibit 81: Robert Bosch GmbH - Key offerings
            • Exhibit 82: Robert Bosch GmbH - Segment focus
          • 11.9 Rockwell Automation Inc.
            • Exhibit 83: Rockwell Automation Inc. - Overview
            • Exhibit 84: Rockwell Automation Inc. - Business segments
            • Exhibit 85: Rockwell Automation Inc. - Key offerings
            • Exhibit 86: Rockwell Automation Inc. - Segment focus
          • 11.10 Schneider Electric SE
            • Exhibit 87: Schneider Electric SE - Overview
            • Exhibit 88: Schneider Electric SE - Business segments
            • Exhibit 89: Schneider Electric SE - Key offerings
            • Exhibit 90: Schneider Electric SE - Segment focus
          • 11.11 Siemens AG
            • Exhibit 91: Siemens AG - Overview
            • Exhibit 92: Siemens AG - Business segments
            • Exhibit 93: Siemens AG-Key news
            • Exhibit 94: Siemens AG - Key offerings
            • Exhibit 95: Siemens AG - Segment focus
          • 11.12 Texas Instruments Inc.
            • Exhibit 96: Texas Instruments Inc. - Overview
            • Exhibit 97: Texas Instruments Inc. - Business segments
            • Exhibit 98: Texas Instruments Inc. - Key offerings
            • Exhibit 99: Texas Instruments Inc. - Segment focus

          12 Appendix

          • 12.1 Scope of the report
            • 12.2 Currency conversion rates for US$
              • Exhibit 100: Currency conversion rates for US$
            • 12.3 Research methodology
              • Exhibit 101: Research Methodology
              • Exhibit 102: Validation techniques employed for market sizing
              • Exhibit 103: Information sources
            • 12.4 List of abbreviations
              • Exhibit 104: List of abbreviations

            Research Framework

            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
            Interested in this report?
            Get your sample now!
            Human Machine Interface Market market growth will increase by $2.64 bn during 2021-2025.
            The human machine interface market market is expected to grow at a CAGR of 8.16% during 2021-2025.
            Technavio has segmented the human machine interface market market by end-user (automotive, healthcare, food and beverage, oil and gas, and others) ,type (hardware and software and service) , and geography (North America, Europe, APAC, MEA, and South America).
            Advantech Co. Ltd., Eaton Corp. Plc, Emerson Electric Co., General Electric Co., Mitsubishi Electric Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Texas Instruments Inc. are a few of the key vendors in the human machine interface market market.
            North America will register the highest growth rate of 35% among the other regions. Therefore, the human machine interface market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
            The key factors driving the human machine interface market market growth are:
            • G row ing adoption of industrial automation
            • Use of hand gesture recognition method for h uman machine interface s
            The human machine interface market market vendors should focus on grabbing business opportunities from the automotive segment as it accounted for the largest market share in the base year.
            • What are the key global market and the regional market share?
            • What are the revenue-generating key market segments?
            • What are the key factors driving and challenging this market’s growth?
            • Who are the key market vendors and their growth strategies?
            • What are the latest trends influencing the growth of this market?
            • What are the variables influencing the market growth in the primary regions?
            • What are the factors influencing the growth of the parent market?
            • Off-the-shelf research reports
            • Reports can be tailored to meet the customer's needs
            • Trusted by more than 100 fortune 500 organizations
            • Information about the market's key drivers, trends, and challenges
            • Parent market analysis
            • Every week, 50,000 people visit our subscription platform
            • Detailed vendors report with competitive landscape
            • Covid-19 impact and recovery analysis
            • Data on revenue-generating market segments
            • Details on the market shares of various regions
            • Five-force market analysis

            Certified ISO 9001 : 2015

            We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

            We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

            Safe and Secure SSL Encrypted
            Technavio

            info
            close
            • Single User:

              Quick and easy buy and download option

            • Enterprise:

              Flexible option - Complimentary customization included

            2500 USD

            Technavio Get the report (PDF) sent to your email within minutes.

            Subscribe & Save

            Get lifetime access to our
            Technavio Insights

            Customized Report as per your Business Needs

            • Our analysts will work directly with you and understand your needs
            • Get data on specified regions or segments, competitor and Vendors
            • Data will be formatted and presented as per your requirements
            • We offer $1000 worth of FREE customization at the time of purchase

            Let us help you make report more suited to your requirements.

            • Get a competitive breakdown as per your niche industry
            • Customize the data with various metrics that meet your business prerequisite
            • Understand Revenue Sources, Customers and many more
            • Details on Market Share
            • These customizations are done in a short amount of time by our analysts and industry experts
            Technavio
            Enquire Before Buying
            17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>