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Human Machine Interface Market Trends

Report ID: GMI9561
Published Date: May 2024
Report Format: PDF

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Human Machine Interface Market Trends

The human machine interface (HMI) market is expanding significantly due to several important trends and developments. The fusion of IoT with Human Machine Interface HMI systems is one noteworthy development that is transforming human-machine interaction. Devices with IoT capabilities provide smooth connection between humans and machines, allowing for remote monitoring and real-time data sharing. This trend is especially noticeable in industrial environments, where IoT-enabled HMIs improve productivity, efficiency, and the ability to perform predictive maintenance.

The increasing use of touchscreen interfaces in a variety of industries is another factor propelling the HMI market. Touchscreens are perfect for a wide range of applications, from industrial control panels and automobile infotainment systems to smartphones and tablets, thereby providing simple and engaging user experiences. The demand for touchscreen HMIs is predicted to increase as touchscreen technology advances with features such as gesture recognition and haptic feedback. Companies are launching innovative HMI product offerings owing to these rising advancements. For instance, in March 2024, Idec, a supplier of automation components expanded its product range of SmartAXIS Touch combined PLC + HMIs to include FT2J Series 7-inch model with expandable I/O capabilities. The new series delivers a compact and simplified solution as opposed to operating two separate devices.

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

Human machine interface (HMI) industry size was USD 5.3 billion in 2023 and is projected to expand at over 8% CAGR from 2024 to 2032, owing to the increasing automation in various sectors, and advancements in touchscreen technology and gesture recognition.

The embedded configuration segment in the human machine interface industry accounted for 55% revenue share in 2023 and is projected to expand at substantial rate from 2024 to 2032, as they are less expensive than standalone HMI systems.

The motion technology segment in the human machine interface (HMI) industry accounted for 41% share in 2023 and is estimated to witness robust growth between 2024 and 2032, as they offer more intuitive and engaging way for users to interact with machines.

North America human machine interface industry recorded 35% share in 2023 and is estimated to depict significant growth between 2024 to 2032, led by the continued focus on automation in manufacturing industries like automotive and aerospace.