Press release
Human Machine Interface Market Size To Reach US$ 6.9 Billion by 2027
Human Machine Interface Market
A human machine interface (HMI), also called computer-human interface, man-machine interface (MMI) or human-computer interface, represents a component in electronic devices that allows the user to interact and communicate with the machine or the system efficiently. It translates user inputs into signals for the machine to generate results. HMI incorporates peripheral devices, motion sensors, speech-recognition interfaces and other devices via which information is shared by using sight, sound, heat, and touch. It assists in increasing user satisfaction, efficiency, comfort, etc. A human machine interface also enhances overall productivity by reducing task saturation and physical and mental stress for individuals. Consequently, it finds extensive applications in numerous sectors, such as consumer electronics, entertainment, medical, military, etc.
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Human Machine Interface Market Growth and Demand:
The emerging trend of digitalization and the introduction of HTML5 and the Industrial Internet of Things (IIOT) are primarily driving the human machine interface market. Additionally, they enable users to conveniently use new software programs and allow optimal monitoring of machinery and equipment across industries, which is further catalyzing the market growth. Besides this, the escalating demand for multi-touch screens and gadgets for augmented and virtual reality is acting as another significant growth-inducing factor. Moreover, leading manufacturers are minimizing operating costs by substituting indicator lights, push buttons, selectors, etc., with minimalistic tools and control features, thereby bolstering the market growth. Apart from this, the inflating need for generating customizable and useful interfaces is also positively influencing the global market. Furthermore, the development of enhanced internal communication and alarm warnings is anticipated to fuel the human machine interface market over the forecasted period.
Competitive Landscape:
• ABB Asea Brown Boveri Ltd
• Mitsubishi Electric Corporation
• Honeywell International Inc
• Rockwell Automation
• Schneider Electric SE
• Siemens AG
• General Electric Company
• Robert Bosch GmbH
• Kontron S&T AG
• Yokogawa India Ltd
• Advantech Co. Ltd
• Texas Instruments Incorporated
• Eaton Corporation
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Key Market Segmentation:
Breakup by Component:
• Hardware
o Basic HMI
o Advanced Panel-Based HMI
o Advanced PC-Based HMI
• Software
o On-Premise HMI
o Advanced Panel-Based HMI
o Advanced PC-Based HMI
• Services
Breakup by Configuration:
• Embedded
• Standalone
Breakup by Technology Type:
• Motion HMI
• Bionic HMI
• Tactile HMI
• Optical HMI
• Acoustic HMI
Breakup by End Use Industry:
• Packaging
• Food and Beverage
• Automotive
• Pharmaceuticals
• Utilities
• Metals and Mining
• Others
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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