Global Human Machine Interface (HMI) industry valued approximately USD 3.96 billion in 2021 is anticipated to grow with a healthy growth rate of more than 10.2% over the forecast period 2022-2030. Increased need for machine communications ease, as well as increased demand for high processing power and large storage space, are driving the growth of human machine interfaces. Furthermore, developments in the production of novel display panels add to the growth of the industry. In particular, as enterprises embrace digital technologies and transform the processes, adoption of specialized of products and use of new concepts for interaction is prompting a paradigm shift in HMI design.
The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next nine years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Some of the key manufacturers involved in the market are Rockwell Automation, Inc., Schneider Electric SE, ABB Ltd., Siemens AG, Mitsubishi Electric Corporation, Advantech Co, Ltd, Emerson Electric Co., General Electric, Honeywell International, Inc, Yokogawa, Beckhoff, B&R, PhoenixContact, Keyence. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. Other strategies include new product developments and focus on continuous technology innovations.
Furthermore, the years considered for the study are as follows:
Historical year – 2017 - 2020
Base year - 2021
Forecast period - 2022 to 2030
