About HMI Software
A Human-Machine Interface (HMI) is a user interface or dashboard that connects a person to a machine, system, or device. The increasing need to improve process efficiency in manufacturing plants is one of the primary factors behind the growth of this market. Manufacturing plants implement automation systems to increase the efficiency of the project and reduce the operational cost. Many vendors provide customizable HMI solutions and HMI devices running on third-party software, which enables the end-users in designing analytical models. Process visualization and data availability is a necessity in manufacturing plants which is facilitated by HMI software by providing real-time data availability, reducing direct human interference in operations, and reducing process time.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global HMI Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Schneider Electric SE (France), Mitsubishi Electric (Japan), Siemens AG (Germany), ABB Ltd. (Switzerland), Honeywell (United States), Emersion Electric (United States), Rockwell Automation(United States), General Electric(United States), Yokogawa Electric (Japan), Kontron AG (Germany) and Advantech Co., Ltd. (Taiwan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global HMI Software market by and Region.
On the basis of geography, the market of HMI Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industries, the sub-segment i.e. Automotive will boost the HMI Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Configuration, the sub-segment i.e. Embedded HMI will boost the HMI Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Motion HMI will boost the HMI Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. System will boost the HMI Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing adoption of Industry 4.0
Market Growth Drivers:
Growing demand for smart automation solutions, coupled with the evolution of IIoT
Challenges:
Complex graphics of HMI software
Restraints:
High installation costs of HMI
Opportunities:
Increasing investments in greenfield projects
Market Leaders and their expansionary development strategies
In April 2023, Beijer Electronics, part of the BEIJER GROUP, has acquired German company Smart HMI GmbH based in Meerbusch, a company specializing in web technology-based visualization software. Smart HMI's software platform WebIQ is the future-oriented web-based visualization platform with comprehensive features for creating industrial web HMIs. expand our digitalization and visualization capabilities for our prioritized segments.
In February 2023, Exor, a leading provider of human-machine interface (HMI) solutions, launched of its eX707M Web industrial HMI. Designed for industrial automation applications, this advanced HMI offers an integrated web server, making it ideal for use in modern factory automation systems.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Software Developers, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.