Call 888-776-0942 from 8 a.m. to 10 p.m. Eastern Time

Dublin, July 1, 2021/PRNewswire/-The "Human Machine Interface (HMI) Market-Forecast from 2021 to 2026" report has been added to ResearchAndMarkets.com's products.

It is expected that during the analysis period, the human-machine interface market will grow at a compound annual growth rate of 6.20%, and the market size will increase from USD 4.125 billion in 2019 to USD 6.286 billion in 2026.

Human Machine Interface (HMI) is a high-level dashboard or interface that can realize the connection between the user and the machine, system or device. This technology helps convert human instructions into machine language to achieve smooth operation. HMI technology also facilitates operations in remote areas and provides safety for workers. During the forecast period, the increasing modernization and industrial adoption of HMI has promoted market growth. Technological advancements have enabled multiple vertical industries to adopt various modern devices, thereby providing market stability for HMI technology. In addition, the various advantages of HMI have brought innovation and a wider range of applications. It is expected that during the research period, industry R&D and innovation will tap new opportunities. However, security and staffing issues, as well as data analysis, transmission, and maintenance, limit market prospects by restricting the market. The many advantages of HMI technology in industrial applications will be the reason for the strong market growth during the forecast period. The rapid adoption of HMI technology in daily industrial operations will provide strong market growth during the forecast period. In a fully equipped industrial setting, this technology facilitates the visualization of data, production tracking, monitoring of machine input and output, remote operation, and other functions. In addition, the HMI visual screen can display real-time graphical information with the help of complex software, which helps in better analysis and decision-making. This technology connects PLCs for real-time communication through the display on the HMI screen, thereby reducing the need for operators to commute and manually record paper or circuit boards. Therefore, this technology is adopted by multiple vertical industries. According to the end user industry, the HMI market is segmented into manufacturing, energy and power, transportation, water and wastewater, automobiles, oil and gas, utilities, healthcare, consumer electronics, etc. HMI applications in the manufacturing, energy and power, oil and gas, pharmaceutical, and food and beverage industries have led to a surge in production. The reduction of accidents and hazards has eased management tasks, helped reduce costs, and obtained the benefits of economies of scale. The bullish growth in these industries will help increase the market prospects for HMI technology. In addition, the expansion of the oil and gas and energy power industries will bring new growth opportunities. The discovery of new oil fields in the Middle East and Africa and the increase in renewable energy and power projects will open up new opportunities. Due to the increase in global average disposable income, the rapid growth of the consumer electronics and automotive industries will also increase the demand for HMI technology. The growing demand for wearable and automotive smart devices has created a demand for HMI in these industries. With the advancement of innovation and technology, the invention of more user-friendly interface devices will provide market stability for the human-machine interface industry. In addition, increasing investments in healthcare, water and wastewater treatment industries will open up new prospects for the market. Safety issues and staffing issues may limit the market growth of HMI technology. Like any other technology, HMI has several disadvantages that limit its market growth. The first is the security threats this technology faces. Although the technology allows personnel to access from any corner of the world, it also provides users with access to critical data. In an industry setting, certain data leakage may affect business operations and cause huge losses. In addition, the human-machine interface technology has the risk of being attacked by viruses and hackers, which hinders the work of the organization. In addition, staffing issues also arise when using HMI technology. This technology requires skilled labor to run smoothly. Lack of skilled workers or insufficient existing staff hinders the operation of the organization. Data analysis, transmission and maintenance also challenge the scope of HMI technology. In order to maintain and analyze large amounts of data, an efficient system is required, which increases the cost of the organization. Although the evolving Internet of Things (IoT) offers strong growth prospects, it also poses some challenges to market growth. During the forecast period, the North American human-machine interface market will occupy a considerable share. However, the Middle East and the Asia-Pacific region are expected to grow at a favorable rate. Based on geographic location, the human-machine interface market is divided into North America, South America, Europe, the Middle East and Africa, and the Asia-Pacific region. Due to the rapid adoption of the most advanced infrastructure and advanced technologies in the region, the North American HMI market is expected to occupy an important share during the forecast period. However, the Middle East and the Asia-Pacific region are expected to grow at the fastest rate during the forecast period. The rising operation of the oil and gas industry in the Middle East has supported market growth. More new oil and gas fields in the region will provide several growth opportunities. Rumaila oil field in Iraq, Nambire refinery in Angola, Etan and Zabazaba oil fields in Nigeria, and Yanbu in Saudi Arabia are all potential markets for this industry. In addition, the development of infrastructure and the construction of water and sewage treatment plants will provide steady growth for the industry. On the other hand, in the Asia-Pacific region, the surge in demand from the consumer electronics and automotive industries will support market growth. Booming manufacturing operations and technological advancement will provide stable growth. Increasing investment in healthcare and infrastructure has also expanded the scope of the market. Insights into the COVID-19 epidemic. The coronavirus pandemic has had a moderate impact on the HMI market. The increase in investment in the medical and pharmaceutical industries has increased the market demand for the HMI industry, but due to the adoption of containment measures to break the virus cycle, economic operations have stagnated, shrinking the demand in several other industries. Key topics covered: 1. Introduction 2. Research methodology 3. Executive summary 4. Market dynamics 4.1. Market drivers 4.2. Market restrictions 4.3. Porter's five forces analysis 4.4. Industry value chain analysis 5. Human-machine interface market, according to component 5.1. Introduction 5.2. Hardware 5.3. Software 6. Human-machine interface market, press screen size 6.1. Introduction 6.2.1 Between 1" and 5" 6.3. Between 5.1" and 9" 6.4. 6.5 between 9.1" and 13". Between 13.1" and 17" 6.6. Over 17" 7. Human-machine interface market, according to end user industry 7.1. Introduction 7.2. Manufacturing 7.3. Energy and electricity 7.4. Transportation 7.5. Water and wastewater 7.6. Automobile 7.7. Oil and gas 7.8. Utilities 7.9. Healthcare 7.10 Consumer electronics 7.11. Other 8. Human-machine interface market, by geographic distribution 8.1. Introduction 8.2. North America 8.2.1. United States 8.2.2. Canada 8.2.3. Mexico 8.3. South America 8.3.1. Brazil 8.3.2. Argentina 8.3.3. Others 8.4. Europe 8.4.1. Germany 8.4.2. France 8.4.3. United Kingdom 8.4.4. Spain 8.4.5. Others 8.5. Middle East and Africa 8.5.1. Saudi Arabia 8.5.2. UAE 8.5 .3. Israel 8.5.4. Others 8.6. Asia Pacific 8.6.1. China 8.6.2. India 8.6.3. Korea 8.6.4. Taiwan 8.6.5. Thailand 8.6.6. Indonesia 8.6.7. Japan 8.6. 8. Other 9. Competitive environment and analysis 9.1. Major players and strategic analysis 9.2. Emerging players and market profits 9.3. Mergers, acquisitions, agreements and cooperation 9.4. Supplier competition eness matrix 10. Company profile 10.1. Mitsubishi Electric Corporation 10.2. Omron 10.3. Rockwell Automation 10.4. Schneider Electric 10.5. ABB 10.6. Siemens 10.7. Honeywell International 10.8. General Electric 10.9. Yokogawa India Ltd. 10.10. Kontron Technology Group on this report For more information, please visit https://www.researchandmarkets.com/r/blvw5x

Research and Marketing Laura Wood, Senior Manager [email protected] US Eastern Time Office Hours call +1-917-300-0470 US/Canada toll-free number +1-800-526-8630 GMT Office Hours call +353-1- 416-8900 US Fax: 646-607-1904 Fax (Outside the US): +353-1-481-1716

More news releases on similar topics

Cision Distribution 888-776-0942 8 a.m. to 9 p.m. Eastern Time