The Human Machine Interface (HMI) market for the manufacturing industry was valued at US$2.281 billion in 2021.
HMI devices allow for the rapid gathering of data and a centralized control system platform. The rapidly rising investments and projects towards the implementation of factory automation and streamlining of the manufacturing process are the prominent reasons driving the demand for HMI devices in the manufacturing industry. Furthermore, rising investments in expansions and the establishment of newer and advanced manufacturing outlets are also projected to boost the demand for HMI devices in the coming years.
This research study examines the Human Machine Interface (HMI) market for the manufacturing industry based on various segments: component, type, system, screen size, and geography. First, a brief overview of the market details key driving factors and challenges. Next, Porter's five forces model analyzes the Human Machine Interface (HMI) industry comprehensively. This is followed by industry value chain analysis which determines the companies which are part of the different processes and contributing to various sectors.
The study also presents in-depth information concerning the development, trends, and industry policies and regulations affecting the Human Machine Interface (HMI) market for the manufacturing industry. Moreover, the research study analyzes the overall regulatory framework of the Human Machine Interface (HMI) sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.
Human Machine Interface (HMI) market for the manufacturing industry – Forecasts from 2023 to 2028 is a comprehensive and latest report. It provides vital market information to executives and interested stakeholders to enable them to get vital market information. The report also analyzes the competitive landscape and details strategies of key market players and also plots them on our vendor matrix in four quadrants: leader, follower, challenger, and niche.
The scope and coverage of the Human Machine Interface (HMI) market for manufacturing industry report are as below:
| Report Metric | Details |
| Market Size Value in 2021 | US$2.281 billion |
| Growth Rate | CAGR during the forecast period |
| Base Year | 2021 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered | Component, Type, System, Screen Size, and Geography |
| Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies Covered | Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation, Inc., Schneider Electric, ABB, Siemens AG, Honeywell, General Electric, Yokogawa Electric Corporation, Kontron S & T AG |
| Customization Scope | Free report customization with purchase |
Different segments covered under the Human Machine Interface (HMI) market for manufacturing industry report are as below: