Human Machine Interface Market – Growth, Trends, Size and Industry Outlook 2035

Market Snapshot

The Human Machine Interface market size and char is projected to reach approximately USD 10.98 billion by 2035 from a market value of approximately USD 5.43 billion in 2022. According to the Human Machine Interface Market Analysis, the Human Machine Interface market is growing at a CAGR of about 8% between 2023~2035.

Human Machine Interface Market Growth Factors

  1. integration of emerging technologies in the industrial environment to fuel the growth of the Human Machine Interface market – logical software implementations are underway in the manufacturing industry due to the increasing need for this equipment for more efficient plant management. Increased use of automation technologies in manufacturing will also have a positive impact on the sector’s growth rate. Technologies such as IoT have several operations in many industries, including manufacturing. The technology is used to link huge smart device networks with the ASCADA system, which contributes to the development of manufacturing plants. According to a World Bank report, the number of connected IoT devices is expected to record revenues of approximately USD 20.35 billion in 2017 and USD 51.11 billion in 2023.
  2. increasing awareness of the nature of this technology could increase the size of the human-machine interface market. Increasing knowledge and awareness among people about the benefits of human-machine interfaces such as alarm alerts, protective messages and internal interaction is expected to drive the market share of human-machine interfaces over the forecast period. Moreover, increasing demand for human-machine interfaces in security, operations and production sectors is anticipated to create significant growth opportunities for the market in the future.
  3. concern over the demand for high resolution in developing countries is another major reason for the market growth.

Key trends in the human-machine interface market

  1. in February 2020, ASEM, a market leader in the HMI and IPC sector, joined Rockwell Automation’s control and visualisation portfolio. The acquisition is expected to expand the control and visualisation of Rockwell’s hardware and software portfolio and strengthen its ability to deliver integrated, high-performance automation systems.
  2. the ABBability NGX hoist control, which will help mining companies achieve optimum performance and safety in their lifting operations, will be introduced in May 2022, according to ABB. Created using the latest technical standards on human factors and ergonomics. In addition, it provides a state-of-the-art, easy-to-use operator interface based on the latest human machine interface (HMI) insights.

Human machine interface market segments

On the basis of configuration type, the market is segmented into standalone and embedded. Of these, the embedded segment is expected to achieve the highest CAGR by the end of 2035. Embedded systems work in conjunction with larger gadgets and machines to perform specific tasks. The main objective of enhanced embedded human-machine interfaces is to provide a highly efficient and effective user experience in a wide range of areas. In addition, embedded operating systems and embedded software are used in the industrial sector to monitor and control multiple tasks. It is also estimated that some embedded systems can be used as sensors and control mechanism systems in modern medical devices, facilitating the expansion of this sector.

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