Global human-machine interface (HMI) market
Dublin, July 13, 2022 (GLOBE NEWSWIRE) — The “Human Machine Interface (HMI) Market – Forecast 2022 to 2027” report has been added to from ResearchAndMarkets.com offer.
Human Machine Interface (HMI) is used to improve a process by consolidating and digitizing it for the consumer, allowing operators to see critical information in multiple formats such as graphics, chatbots, and digital media.
One of the major trends driving the boom in the human-machine interface market is the adoption of automation in various end-user industries, such as food and beverage, packaging, etc., to increase operational efficiency. The rapid adoption of industrial automation in the manufacturing sector, the development of the Industrial Internet of Things (IIoT), the increased demand for intelligent automation solutions and the growing need for optimization and monitoring in production facilities. manufacturing are all factors driving the expansion of the market.
The robust expansion of the market will be driven by the multiple benefits of HMI technology in industrial applications over the forecast period.
In an equipped industrial environment, HMI technology allows visual presentation of data, production monitoring, analysis of machine inputs and outputs and remote administration, among other functionalities. Additionally, HMI visual displays allow the projection of real-time graphical data through sophisticated software, enabling deeper analysis and decision making.
The system uses HMI screens to connect PLCs in real time, eliminating the need for operators to walk around and keep manual records on paper or charts. As a result, a wide range of sectors are using the technology. Manufacturing, energy & power, transportation, oil & gas, automotive, healthcare, consumer electronics and others are some of the end-user industries that the HMI market is classified into . During the forecast period, HTML5 and IIoT (Industrial Internet of Things) are likely to drive the market. HTML5 and IIoT will help end users by making it easier for them to use new applications and enable monitoring of equipment and machinery across industries.
Due to the increase in the global average disposable income, the increased demand for HMI technology will be driven by the rapid growth of the consumer electronics and automotive sectors. Through innovation and technological improvement, the HMI industry will experience increased market stability with the launch of new user-friendly interface devices. For example, the first human-machine interface (HMI) combined digital cockpit system using BlackBerry QNX technology was launched in September 2019 by DENSO Corporation and BlackBerry Limited, and it had been delivered in major vehicles of the leading Japanese automaker. SUBARU.
Similarly, Continental revealed in January 2020 that it had created an effective human-computer interaction (HMI) solution specifically for autonomous vehicles. Additionally, Candra, a leading global supplier of human-machine interface (HMI) tools and development partner for automotive and industrial consumers, announced a strategic agreement with Pricol, one of India’s largest component manufacturers. automotive and precision engineered products, in September 2021. Pricol will have access to a global HMI solution for next-generation connected Driver Information System (DIS) products across all vehicle segments through this technology agreement key.
Security issues and lack of employees could hamper the growth of the HMI market.
Market growth may be hampered by factors such as increased need to modify business processes to accommodate HMIs, as well as large up-front investments. Additionally, a lack of familiarity with HMIs among management and lower-level staff, as well as a shortage of skilled professionals, can stifle industry expansion. A skilled team is needed for the technology to work properly.
The activities of the organization are hampered by a lack of skills or the inadequacy of the existing staff. Data processing, transfer and management are all included in the scope of HMI technology. Efficient systems must be able to store and analyze large amounts of data, which increases business expenses. While technology allows people to access data from anywhere on the planet, it also allows them to access crucial data.
The loss of critical data in a business environment can hamper operations and lead to significant costs. Viruses and hackers can also target HMI technology, affecting business operations. While the development of the Internet of Things (IoT) offers exciting growth prospects, it also poses several challenges for the business.
North America is expected to hold the largest HMI market share over the forecast period, followed by Asia-Pacific.
By geography, the human-machine interface market is segmented into five regions: North America, South America, Europe, Middle East & Africa, and Asia-Pacific. The North America HMI market is likely to loom large throughout the forecast period owing to the region’s superior infrastructure and growing adoption of modern technologies. Furthermore, the Asia-Pacific region is expected to experience rapid expansion in the coming years.
This could be related to the shift of manufacturing activities to developing countries to take advantage of lower labor costs and more readily available raw materials. China and Japan are recognized as the centers of production of equipment for human interface machines in this region. The manufacturing industry is also one of the fastest growing industries in India.
Information on COVID-19
The HMI market was moderately influenced by the coronavirus outbreak. While increased investment in the pharmaceutical and healthcare sectors has increased demand for SAM, a slowdown in economic activity following containment attempts to disrupt the virus cycle has dampened demand for the automotive sector and other industries.
Main topics covered:
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market factors
4.2. Market constraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining power of suppliers
4.3.2. Bargaining powers of buyers
4.3.3. The threat of substitutes
4.3.4. The threat of new entrants
4.3.5. Competitive rivalry in the industry
4.4. Industry Value Chain Analysis
5. HUMAN-MACHINE INTERFACE MARKET, BY COMPONENT
6. MAN-MACHINE INTERFACE MARKET, BY SETUP TYPE
7. MAN-MACHINE INTERFACE MARKET, BY END-USER INDUSTRY
7.3. Water and wastewater
7.4. Energy and power
7.6. oil and gas
7.7. Health care
7.8. Consumer electronics
8. HUMAN-MACHINE INTERFACE MARKET, BY GEOGRAPHY
8.2. North America
8.2.1. United States
8.3. South America
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.3. South Korea
8.6.6. South Korea
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Key Players and Strategic Analysis
9.2. Emerging players and market profitability
9.3. Mergers, acquisitions, agreements and collaborations
9.4. Supplier Competitiveness Matrix
10. COMPANY PROFILES
10.1. Mitsubishi Electric Corporation
10.2. Omron Company
10.3. Rockwell Automation
10.7. Honeywell International Inc.
10.8. General Electric
10.9. Electric Yokogawa
10.10. Kontron S&T Group
For more information on this report, visit https://www.researchandmarkets.com/r/f0lzju
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