Human Machine Interface (HMI) provides a mean of communication, controlling, managing, exchanging information, and visual monitoring of processes. HMI is also referred to as user interface, operator panel or terminal. It allows an operator in industrial sector to view operator panel and interact with machines in a graphical or visual way. These systems are integrated with software, hardware, sensors, speech recognition, and associated devices.
Increasing deployment of smart factories is a major factor driving growth of the global human machine interface market. Increasing adoption of human machine interface by various industries such as oil & gas, manufacturing, automotive, and smart homes & smart buildings is another factor fueling growth of the target market. Moreover, many automotive OEM’s are deploying human machine interface into their vehicles, for instance Continental has developed its own HMI for automotive smart seating systems and head up display systems. This trend is expected to further drive growth of the global market to a significant extent over the forecast period. However, high installation and maintenance costs are major factors hampering growth of the global market.
The global human machine interface market is segmented on the basis of components, application, and region. Automotive application segment is expected to account for highest market share in the target market and is expected to register a CAGR of X.X% during the forecast period. On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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North America accounts for highest revenue share in the global human machine interface market, owing to early adoption of human machine interface technology and rising demand for automation solutions in countries in the region. Europe is expected to witness considerable growth in terms of revenue over the forecast period. Asia Pacific is expected to register highest CAGR of X.X% during the forecast period, owing to rapid industrialization and rising investments in automation services and solutions.
Key players in the global human machine interface market are Honeywell International Inc., General Electric Co., Emerson Electric Corp., Rockwell Automation Inc., Panasonic Corp., Siemens AG, ABB Ltd., Rittal GmbH & Co, WECON Technology Co. Ltd, Eaton Corp., and other prominent players.