The global HMI market is expected to generate revenues of more than $8 billion by 2023, growing at a CAGR of over 9% during 2017-2023.

CHICAGO, IL, UNITED STATES, October 8, 2018 /EINPresswire.com/ -- Arizton's market research report on global HMI market offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by technology (optical, acoustic, bionic, tactile, and motion), by configuration (standalone and embedded), by interface (software and hardware), by end-user (automotive, chemicals & petrochemical, mining & metallurgy, paper, packaging, & printing, food & beverage, healthcare, oil & gas, and others), and by geography (North America, Europe, APAC, Latin America, and MEA).

The increasing importance of safety, energy efficiency, better productivity, and sustainability will lead the expansion of the global human machine interface market. The implementation of SCADA and PLC in factory automation systems will transform the market over the next few years. The global HMI market is driven by growing demand from semiconductor fabrication plants that requires control centers, clean rooms, and assembling lines for effective equipment control. HMIs facilitate a high degree of customizations and are increasingly finding their application in equipment which is characterized by ruggedness and reliability in the human machine interface market. The market research report provides in-depth market analysis and segmental analysis of the global HMI market by technology, configuration, interface, end-user, and geography.

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The report considers the present scenario of the global HMI market and its market dynamics for the period 2018−2023. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the human machine interface market. It also profiles and analyzes the leading companies and various other prominent companies operating in the human machine interface market.

HMI Market – Dynamics

The growing demand for enterprise networking and remote access is boosting the implementation of HMI PLC technology and augmenting the development of the global HMI market. The emergence of industrial Ethernet applications that help increase the productivity of manufacturing units and industrial automation will lead to the transformation of the global market. The development of systems that enable easy use and delivering superior consumer experiences will help players sustain the intense competition in the market. The focus on convenience and launch of enhanced surfaces will augment the growth of the global HMI market during the forecast period. The development of gesture recognition technology that ensures seamless communication and information transfer will propel the evolution of the global HMI market. Gesture recognition is the science of deciphering human gestures as input signals using mathematical algorithms. This includes the full body recognition or a small change in the facial expression. The implementation of gesture recognition systems will eventually make traditional input devices redundant in the global market.

HMI Market –Segmentation

This market research report includes a detailed segmentation of the market by technology, configuration, interface, end-user, and geography. Tactile segment dominated more than 2/3rd the market share in 2017, growing at CAGR of around 10% during the forecast period. The motion technology implemented in the market can detect motions, gyroscopes, and accelerometers. The integration of sensors with hardware enables devices to detect motion. The vendors are using embedded software solutions to make product improvements by refining operator interfaces functionalities and communication options of components by leveraging advancements in electronics.

The hardware segment dominated the majority of the market share in 2017, growing at a CAGR of around 9% during the forecast period. HMI software provides operators to manage industrial and process control machinery through Graphical User Interface (GUI). The development of innovative software solutions that help control and offer data acquisitions of SCADA applications in the human machine interface market. Chemical and petrochemical segment occupied around 1/3rd of the market share in 2017, growing at a CAGR of more than 9% during the forecast period. The introduction of systems that are robust, can withstand the harsh environment, and are resistant to dust, moisture, water, extreme temperatures, and exposure to harsh chemicals is driving the growth of the global human machine interface market.

 Market Segmentation by Technology
o Optical
o Acoustic
o Bionic
o Tactile
o Motion

 Market Segmentation by Configuration
o Standalone
o Embedded

 Market Segmentation by Interface
o Software
o Hardware

 Market Segmentation by End-user
o Automotive
o Chemicals & Petrochemical
o Mining & Metallurgy
o Paper, Packaging, & Printing
o Food & Beverage
o Healthcare
o Oil & Gas
o Others

HMI Market –Geography

The global HMI market by geography is apportioned into North America, Europe, APAC, Latin America, and MEA. North America dominated the largest market share in 2017, growing at a CAGR of more than 10% during the forecast period. The demand for infotainment systems and hybrid vehicles across the North American region is driving the human machine interface market. The increasing focus on energy efficiency and environment-friendliness and their implementation at homes and workplaces is propelling the demand for technology-enabled control systems in the APAC market. The development of automated security and access control solutions will drive the growth of the APAC human machine interface market.

Market Segmentation by Geography
• APAC
o China
o Japan
o Other APAC Countries
• Europe
o Germany
o France
o UK
• North America
o US
o Canada
• Latin America
• MEA

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Key Vendor Analysis

The global HMI market is witnessing a surge in demand for solutions from various industries and facing intense competition. The leading vendors are leveraging rapidly changing technologies to introduce innovations and upgrades in the human machine interface market. The market is moderately fragmented, and top players control over 50% of the total share. The companies are focusing on offering varied features such as quality, technology, and price to sustain the competition in the human machine interface market. The increasing investments in the development of new technologies will help vendors gain a competitive advantage in the global human machine interface market during the forecast period.

The major vendors in the global market are:
• Schneider Electric
• Rockwell Automation Inc.
• Siemens AG
• Mitsubishi Electric Corp.
• Omron Corp.

Other prominent vendors include ABB Ltd., General Electric, Toshiba, Kontron AG, Honeywell International Inc., Panasonic Corp., Bosch Rexroth, Eaton Corp., Emerson Electric Co., and Yokogawa Electric Corp.

Key market insights include
1. The analysis of global HMI market provides market size and growth rate for the forecast period 2018-2023.
2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the global HMI market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of global HMI market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.

Table of contents include

8 Market Dynamics

8.1 Market Growth Enablers

8.1.1 Enterprise Networking to Drive Human Machine Interface-PLC Technology

8.1.2 Increased Demand for Multi-Touch GUI

8.1.3 Rise of Augmented Reality (AR) and Immersive Experiences by VR

8.1.4 Rapid Rise in Global Industrial Automation Expenditure

8.1.5 YOY Impact of Market Growth Enablers

8.1.6 YOY Impact of Market Growth Enablers on Regions

8.2 Market Growth Restraints

8.2.1 Threat of Data Privacy and Security Concerns

8.2.2 Rapid Technology Curve and Automation Being Expensive in Several End-users

8.2.3 High Degree of Variability and Lack of Organizational Focus

8.2.4 YOY Impact of Market Growth Restraints

8.2.5 YOY Impact of Market Growth Restraints on Regions

8.3 Market Opportunities & Trends

8.3.1 Growing Demand for IoT in Industries for Data Capturing and Handling Dramatically

8.3.2 Automated Gesture Recognition Systems to Gather Significant Interest

8.3.3 Increasing Penetration of Smart Wearables

8.3.4 Growing Virtualization and Automation to Majorly Impact Human Machine Interface Development

8.3.5 YOY Impact of Market Opportunities & Trends on Regions

9 Global HMI Market

9.1 Market Overview

9.2 Market Size & ForecasT

9.3 Porter’s Five Forces Analysis

9.3.1 Threat of New Entrants

9.3.2 Bargaining Power of Suppliers

9.3.3 Bargaining Power of Buyers

9.3.4 Threat of Substitutes

9.3.5 Competitive Rivalry

10 GLobal HMI Market by Technology

10.1 Market Overview

10.2 Optical Human Machine Interface

10.2.1 Market Size & Forecast

10.2.2 Optical Human Machine Interface Market by Geographical Segmentation

10.3 Acoustic Human Machine Interface

10.3.1 Market Size & Forecast

10.3.2 Acoustic Market Segmentation by Geography

10.4 Bionic Human Machine Interface

10.4.1 Market Size & Forecast

10.4.2 Global Bionic Human Machine Interface Market Segmentation by Geography

10.5 Tactile Human Machine Interface

10.5.1 Market Size & Forecast

10.5.2 Global Tactile Human Machine Interface Market by Geography

10.6 Motion Human Machine Interface

10.6.1 Market Size & Forecast

10.6.2 Global Motion HMI Market by Geography

11 Global HMI Market by Configuration

11.1 Market Overview

11.2 Standalone Human Machine Interface

11.2.1 Market Size & Forecast

11.2.2 Global Standalone Human Machine Interface Market by Geography

11.3 Embedded Human Machine Interface

11.3.1 Market Size & Forecast

11.3.2 Global Embedded Human Machine Interface Market by Geography

12 Global HMI Market by Interface

12.1 Market Overview

12.2 Human Machine Interfacesoftware

12.2.1 Market Size & Forecast

12.2.2 Global Human Machine Interface Software Market by Geography

12.3 Human Machine Interface Hardware

12.3.1 Market Size & Forecast

12.3.2 Global Human Machine Interface Hardware Market by Geography

12.3.3 By Panels

13 Global HMI Market by End-User

13.1 Market Overview

13.2 Automotive Human Machine Interface

13.2.1 Market Size & Forecast

13.2.2 Global Automotive Human Machine Interface Market Segmentation by Geography

13.3 Chemicals and Petrochemicals Human Machine Interface

13.3.1 Market Size & Forecast

13.3.2 Global Chemicals and Petrochemical Human Machine InterfaceMarket by Geography

13.4 Mining and Metallurgy Human Machine Interface

13.4.1 Market Size & Forecast

13.4.2 Global Mining and Metallurgy Human Machine InterfaceMarket by Geography

13.5 Paper, Packaging, and Printing Human Machine Interface

13.5.1 Market Size & Forecast

13.5.2 Global Paper, Packaging, and Printing Human Machine InterfaceMarket by Geography

13.6 Food and Beverage Human Machine Interface

13.6.1 Market Size and Forecast

13.6.2 Global Food and Beverage Human Machine InterfaceMarket by Geography

13.7 Healthcare Human Machine Interface

13.7.1 Market Size and Forecast

13.7.2 Global Healthcare Human Machine InterfaceMarket by Geography

13.8 Oil and Gas Human Machine Interface

13.8.1 Market Size and Forecast

13.8.2 Global Oil and Gas Human Machine InterfaceMarket by Geography

13.9 Other End-user Human Machine Interface

13.9.1 Market Size and Forecast

13.9.2 Global Other End-user Human Machine InterfaceMarket by Geography

14 Global HMI Market by Geography

14.1 Market Overview

15 APAC: HMI Market

15.1 Market Size & Forecast 2017–2023

15.2 Product Segmentation

15.2.1 Market in APAC by Technology: Market Size & Forecast

15.2.2 Market in APAC by Configuration: Market Size & Forecast

15.2.3 Market in APAC by Interface: Market Size & Forecast

15.2.4 Market in APAC by End-users: Market Size & Forecast

15.3 Key Countries

15.3.1 China: Market Size & Forecast

15.3.2 Japan: Market Size & Forecast

15.4 Other APAC Countries

15.4.1 Market Size and Forecast

16 Europ: HMI Market

16.1 Market Size & Forecast 2017–2023

16.2 Product Segmentation

16.2.1 Market in Europe by Technology: Market Size & Forecast

16.2.2 HMI Market in Europe by Configuration: Market Size & Forecast

16.2.3 Market in Europe by Interface: Market Size & Forecast

16.2.4 HMI Market in Europe by End-users: Market Size & Forecast

16.3 Key Countries

16.3.1 Germany: Market Size & Forecast

16.3.2 UK: Market Size & Forecast

16.3.3 France: Market Size & Forecast

17 North America: HMI Market

17.1 Market Size & Forecast 2017–2023

17.2 Product Segmentation

17.2.1 Market in North America by Technology: Market Size & Forecast

17.2.2 HMI Market in North America by Configuration: Market Size & Forecast

17.2.3 Market in North America by Interface: Market Size & Forecast

17.2.4 HMI Market in North America by End-users: Market Size & Forecast

17.3 Key Countries

17.3.1 US: Market Size & Forecast

17.3.2 Canada: Market Size & Forecast

18 Latin America: HMI Market

18.1 Market Size & Forecast 2017–2023

18.2 Product Segmentation

18.2.1 Market in Latin America by Technology: Market Size & Forecast

18.2.2 HMI Market in Latin America by Configuration: Market Size & Forecast

18.2.3 Market in Latin America by Interface: Market Size & Forecast

18.2.4 HMI Market in Latin America by End-users: Market Size & Forecast

19 MEA: HMI Market

19.1 Market Size & Forecast 2017–2023

19.2 Product Segmentation

19.2.1 Market in Latin America by Technology: Market Size & Forecast

19.2.2 HMI Market in MEA by Configuration: Market Size & Forecast

19.2.3 Market in MEA by Interface: Market Size & Forecast

19.2.4 HMI Market in MEA by End-users: Market Size & Forecast

20 Competitive Landscape

20.1 Competition Overview

20.2 Market Structure and Mapping of Competition

20.3 Overview of Competition

20.3.1 Herfindahl-Hirschman Index

21 Key Company Profiles

21.1 Schneider Electric

21.1.1 Key Strengths

21.1.2 Key Strategy

21.1.3 Key Opportunities

21.2 Rockwell Automation inc

21.2.1 Key Strengths

21.2.2 Key Strategy

21.2.3 Key Opportunities

21.3 Siemens AG

21.3.1 Key Strengths

21.3.2 Key Strategy

21.3.3 Key Opportunities

21.4 Mitsubishi Electric Corp.

21.4.1 Key Strengths

21.4.2 Key Strategy

21.4.3 Key Opportunities

21.5 Omron corp.

21.5.1 Key Strengths

21.5.2 Key Strategy

21.5.3 Key Opportunities

22 Other Prominent Companies

22.1 ABB Ltd.

22.2 General Electric

22.3 Toshiba

22.4 Kontron AG

22.5 Honeywell International Inc.

22.6 Panasonic Corp.

22.7 Bosch Rexroth

22.8 Eaton Corp.

22.9 Emerson Electric Co.

22.1 Yokogawa Electric Corp.

23 Report Summary

23.1 Key Takeaways

23.2 strategic recommendations

23.3 Qualitative Summary: Global HMI Market

23.4 Quantitative Summary: Global HMI Market

23.4.1 Market by Geography

23.4.2 Market by Technology

23.4.3 Market by End-users

23.4.4 Market by Configuration

23.4.5 Market by Interface

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