Global Human Machine Interface (HMI) market is estimated to cross USD 5.0 billion by the end of 2021 from the current value of USD 2.98 billion, thereby growing at a CAGR of 10.94%. The growth in the market is fuelling investments from vendors across the value chain into this technology.
The second phase of the industrial revolution in the early 1900s was characterized by assembly lines, standardized and specialized machines (introduction to automation). Today, industries are moving to the fourth phase called as ‘Industry 4.0’, characterized by the use of Internet-of-Things (IOT) to connect physical objects to the virtual world. While we enter the new phase, automation designers have already realized the importance of human skill sets such as supervision, detection of abnormalities, maintenance and process optimization. Hence, they have incorporated a high-level of collaboration with the machine automation and human operator using HMI, so as to remove the ability of Artificial Intelligence (AI) to take decisions on the operator’s behalf.
HMI is a graphical software application that provides operational process information to the operator or the user enabling interaction between humans and machines, for machines to receive and execute the operator’s control instructions. HMI increases the efficiency of the user and secures the data. Though, initial high costs associated with deploying such products act as a challenge to its growth, HMIs are not limited to the manufacturing enterprises. They are being increasingly used by various enterprises operating in industry verticals like energy, healthcare and defense.
HMI solutions have evolved a lot over the years and continue to take inspiration from the consumer products. Features such as recognition of hand gestures, 3D-style graphics, icon-based navigations, etc. are being incorporated to create user-friendly and intuitive user interfaces.
This report provides a comprehensive analysis of global human machine interface market for the period 2016 to 2021 covering various aspects of the industry, technologies and regional trends contributing towards the growth of this market. Some of the major vendors mentioned in the report are Honeywell, Rockwell Automation, Schneider Electric, Bosch, Mitsubishi, General Electric and others.
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