Human Machine Interface Market 2021 : Future Growth Prospect, Industry Share And Growing Demand Analysis Till 2026

The Human Machine Interface Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Human Machine Interface market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Human Machine Interface market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Human Machine Interface market.

The global human machine interface market was valued at USD 3.71 billion in 2020, and it is expected to reach a value of USD 7.24 billion by 2026, at a CAGR of 10.3%, over the forecast period (2021-2026). 

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Top Leading Companies of Human Machine Interface Market are - ABB Ltd, Honeywell International Inc., Rockwell Automation Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Emerson Electric Co., General Electric Co., Texas Instruments Inc., Yokogawa Electric Corporation, Siemens AG, Robert Bosch GmbH, Eaton Corporation and others.

Industry News and Updates:

- February 2020 - ABB Power Grids has announced the introduction of MicroSCADA X, the industry-acclaimed power and automation control solution, to customers in India. The new version provides a unified experience, giving utilities and businesses one vision of their power networks. MicroSCADA X features a next-generation human-machine interface (HMI), enabling an intuitive and adaptive experience that provides clear and simplified insights into customers’ power infrastructure.

- February 2020 - Rockwell Automation, Inc. has signed an agreement to acquire Italy-based ASEM, S.p.A., which engages in the development of digital automation technologies. ASEM provides a wide range of Human-Machine Interface (HMI) hardware and software, remote access capabilities, and secure Industrial IoT gateway solutions.

Key Market Trends:

Automotive is Expected to Hold Significant Share

- The automotive sector finds significant HMI applications among various end-user industries. The presence of some leading manufacturers, along with the increase in consumption, drives the market value globally. For instance, registrations of alternatively-powered cars in the European Union incurred a steady growth of about 46.2%. By July 2019, 110,630 electrically-chargeable vehicles (ECV) were registered, which is 51.8% more than that in 2018. Nowadays, vehicles are equipped with multiple HMI systems that require several device-specific operating systems to work in unison.

Asia-Pacific is Expected to Witness Fastest Growth

- Asia-Pacific is expected to grow at a higher growth rate, compared to other regions, because of the increase in disposable income and an increase in population. In this region, China and Japan are considered to be the manufacturing hubs of the pieces of equipment required for the human interface machine. Also, in India, manufacturing has emerged as one of the high-growth sectors. 'Make in India' initiative places India on the global map as a manufacturing hub and gives significant recognition to the Indian economy. According to the Indian Brand Equity Foundation, India's manufacturing sector is expected to reach USD 1 trillion by 2025, and India is expected to rank one among the top three growth economies and manufacturing countries of the world by the year 2020.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Human Machine Interface Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Human Machine Interface Market (%),2016 - 2026
- Human Machine Interface Market Share, By Brand
- Human Machine Interface Market Share, By Company
- Human Machine Interface Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Human Machine Interface Market Value Analysis & Forecast
- Promising Human Machine Interface Development by Major Companies
- Detailed Human Machine Interface Portfolio of the Major Companies
- Major Deals in the Human Machine Interface Market
- Major Companies Analysis

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