Industry Background:
A human-machine interface is the user interface that joins an operator to the controller for an industrial system. Industrial control systems are integrated software and hardware designed to regulate and control the operation of machinery and associated devices in industrial environments, together with those that are designated critical infrastructure. An HMI includes electronic elements for signaling and controlling automation systems. Some HMIs additionally translate data from industrial control systems into human-readable visual representations of the systems. HMIs are typically deployed on Windows-based machines, communicating with programmable logic controllers and different industrial controllers. The accessibility of human-machine interfaces poses a risk for ICS security. The systems themselves have long been considered secure from malware because they weren't connected to the internet.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Billion) |
Key Companies Profiled | ABB Ltd. (United States), Honeywell International Inc. (United States), Rockwell Automation Inc. (United States), Mitsubishi Corporation (Japan), Schneider Electric Buildings AB (Sweden), Emerson Electric Co. (United States), Eaton Corporation (United States), General Electric Co. (United States), Texas Instruments Inc. (United States) and Yokogawa Electric Corporation (Japan) |
According to AMA, the market for Human Machine Interface is expected to register a CAGR of 10.3% during the forecast period to 2028. This growth is primarily driven by Moving towards 4.0 Industry, Adoption of IOT and Increased Focus on Developing Manufacturing Processes.
Globally, a noticeable market trend is evident
The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as ABB Ltd. (United States), Honeywell International Inc. (United States), Rockwell Automation Inc. (United States), Mitsubishi Corporation (Japan), Schneider Electric Buildings AB (Sweden), Emerson Electric Co. (United States), Eaton Corporation (United States), General Electric Co. (United States), Texas Instruments Inc. (United States) and Yokogawa Electric Corporation (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 6 Sept 2018, Rockwell Automation Inc., a leading human-machine interface supplier, has launched PanelView 5510 graphics terminals (HMI) to offer enhanced software integration, greater connectivity and larger screen options for OEMs and end users. and On 28 Sept 2017, Mitsubishi Electric Automation, Inc. has introduced its latest human-machine interface (HMI). The GT25 Wide HMI is an interface that monitors and controls machine components with a graphical touchscreen that connects to equipment such as PLCs, VFDs, and servos. Info is displayed on high-resolution screens 7-inch wide video graphics array (WVGA) or 10-inch wide extended graphics array (WXGA) for clear image quality.
Market Growth Drivers:
Moving towards 4.0 Industry, Adoption of IOT and Increased Focus on Developing Manufacturing Processes
Challenges:
Increasing security threats related to the cloud–Human Machine Interface Market Platform
Restraints:
High Initial Cost and Lack of Skilled Workforce
Opportunities:
Growing investment in the renewable power projects, Integration of micro programmable logic controllers (PLCs) with HMI and Emerging Demand from Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Human Machine Interface Market
- Analysis about New Entrants in Human Machine Interface Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Human Machine Interface Study Sheds Light on
The Human Machine Interface Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Human Machine Interface industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Human Machine Interface industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.