As per this study the Global Human Machine Interface Market was valued USD 4.4 BN (by revenue) in 2018 and is anticipated to reach USD 8.5 BN by 2025 with a CAGR of 10%.
 
Human machine interface is an interface that allows humans to interact with the machine. It is a software application that represents data to an operator/user about the state of the process and to accept and implement the operator's control instructions. Basically, the information is present in the graphic form. It helps to enhance the productivity of the operation. For example, alarming is a great example of an HMI function that offers visual indicators of a machine’s issue and its severity.
 
Objectives of the Study:

• Define and measure the global human machine interface market
• Revenue forecast of the global human machine interface market and its various sub-segments with respect to main geographies
• Analyze and identify major market trends along with the factors driving or inhibiting the market growth
• Study the company profiles of the major market players with their market share
• Analyze competitive developments

 
Market Dynamics
 
Rising adoption of industrial automation equipment in the manufacturing sector is projected to raise demand for human-machine interface. Moreover, integration of analytics software with products in order to improve the productivity and quality is further spurring the product demand. However, high cost associated with the installment is likely to act as a challenge for the market.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of human machine interface.
 
Market Segmentation
 
The broad human machine interface market has been sub-grouped into product, configuration and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.

By Product

• Hardware
• Software

 
By Configuration

• Embedded HMI
• Standalone HMI

 
By Application

• Oil And Gas
• Automotive
• Aerospace And Defense
• Chemicals
• Pharmaceutical
• Energy And Power
• Building
• Metals And Mine
• Food And Beverage
• Packaging
• Medical Device
• Others

 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for human machine interface in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Europe Human Machine Interface Market By Revenue (USD MN)
 

 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the human machine interface market include Emerson Electric Corp., Honeywell International Inc., Rockwell Automation Inc., ABB Ltd, General Electric Co., Omron Corp., Siemens AG, Eaton Corp., Rittal GmbH & Co., WECON Technology Co. ltd., Interlink Electronics, Inc., Panasonic Corp and EAO AG. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.