Human Machine Interface Market Size & Share, by Type (Touchscreen, Gesture-Based), End-user (Automotive, Healthcare, Consumer Electronics) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5122
  • Published Date: Jul 31, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Human Machine Interface Market size is anticipated to reach USD 20 billion by the end of 2035, growing at a CAGR of 8% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of human machine interface was over USD 10 billion. Automation is a major factor contributing to the growth of the HMI market. Industries such as manufacturing, automotive, aerospace, and healthcare were increasingly using HMIs to enhance operational efficiency, reduce errors, and improve overall productivity. The integration of HMIs with IoT devices and systems allowed seamless communication and control, leading to increased demand for smart HMIs that can interact with a wide range of connected devices.

The human machine interface industry was experiencing significant growth due to the increasing adoption of automation and the integration of advanced technologies in various industries. The HMI market refers to the technology that enables interaction between humans and machines, making it possible for users to control and monitor machines and systems effectively. 


Human Machine Interface Market
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Human Machine Interface Sector: Growth Drivers and Challenges

Growth Drivers

  • Industrial Automation and Industry 4.0: The increasing adoption of Industry 4.0 and smart cities manufacturing concepts is driving the demand for HMIs in industrial automation.
  • Growing Adoption of IoT and IIoT: The integration of HMIs with Internet of Things (IoT) and Industrial Internet of Things (IIoT) devices facilitated seamless communication and control in connected environments.
  • Entertainment and Gaming Industry: In the consumer electronics sector, gaming consoles and entertainment systems were incorporating advanced HMIs to provide immersive and interactive experiences to users. According to a report, the global gaming console industry sales are projected to reach USD 47 billion by 2027.

Challenges

  • Complexity and Usability: As HMIs become more sophisticated and capable of handling advanced tasks, there is a risk of increased complexity, which may make them harder for users to operate effectively. Ensuring a balance between functionality and user-friendly interfaces is crucial to avoid overwhelming users.
  • Security Concerns
  • Reliability and Safety

Human Machine Interface: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~8%

Base Year Market Size (2022)

~ USD 10 Billion

Forecast Year Market Size (2035)

~ USD 20 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)
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Human Machine Interface Segmentation

Type (Touchscreen, Gesture-Based)

The touchscreen segment in the human machine interface market is estimated to gain the largest revenue share of 60% in the year 2035. Smartphones and tablets have become integral parts of people's lives, driving the demand for touchscreen interfaces in the consumer electronics industry. According to a report, global smartphone shipments reached over 1.3 billion units in 2020. The integration of touchscreen HMIs with the Internet of Things (IoT) devices has facilitated seamless communication and control in industrial automation.

In the automotive industry, touchscreen HMIs are widely used in infotainment systems, providing drivers and passengers with interactive experiences and connectivity features.

End User (Automotive, Healthcare, Consumer Electronics)

The automotive human machine interface market is expected to garner a significant share in the year 2035. Integration of smartphones with automotive systems has driven the need for HMIs that provide a smooth and intuitive interface for users. A study showed that 78% of respondents in the United States used smartphones as part of the in-car connectivity system in 2020.

The integration of advanced driver assistance systems (ADAS) and safety features has driven the demand for HMIs that can effectively display critical information to drivers. Digital cockpits that integrate multiple displays and provide a seamless user experience have gained popularity among automakers and consumers.

Our in-depth analysis of the global market includes the following segments:

            Type

  • Touchscreen
  • Gesture-Based

            End User

  • Automotive
  • Healthcare
  • Consumer Electronics

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Human Machine Interface Industry – Regional Synopsis

APAC Market Forecast

The human machine interface market in the Asia Pacific region is projected to hold the largest market share of 40% by the end of 2035. The Asia Pacific region is a major market for consumer electronics, including smartphones, tablets, and gaming devices, contributing to the demand for touchscreen HMIs. According to a report, the Asia Pacific region accounted for over half of the global smartphone users in 2020. The automotive industry in the Asia Pacific region has been experiencing significant growth, driving the demand for HMIs in vehicles' infotainment and safety systems.

North American Market Statistics

The human machine interface market in the North America region is projected to hold the second largest share during the forecast period. North America is a significant hub for industrial automation, leading to increased adoption of HMIs in manufacturing and other industrial applications. The automotive sector in North America has been a major driver for the HMI market, with the integration of advanced infotainment and safety systems in vehicles. North America is home to many technology companies and research institutions, driving innovation in HMI technologies and applications.

Research Nester
Human Machine Interface Market Size
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Companies Dominating the Human Machine Interface Landscape

top-features-companies

    Key Players

    • Siemens AG
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Schneider Electric SE
    • Rockwell Automation, Inc.
    • General Electric Company
    • Honeywell International Inc.
    • ABB Ltd.
    • Mitsubishi Electric Corporation
    • Advantech Co., Ltd.
    • Emerson Electric Co.
    • Bosch Rexroth AG

In the News

  • Siemens AG announced that it would be cutting 2,700 jobs as part of its cost-cutting measures in response to the economic impact of the COVID-19 pandemic. The job cuts were primarily focused on Siemens' gas and power division, which faced challenges due to declining demand for power generation equipment during the global recession caused by the pandemic.
  • General Electric Company announced its decision to exit the coal power business. GE had been a major player in the coal power industry, providing equipment and services to coal-fired power plants. However, the company decided to shift its focus towards renewable energy and cleaner technologies, aligning with the global push for sustainability and reducing carbon emissions.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5122
  • Published Date: Jul 31, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for automotive sector is the major factor driving the market growth.

The market size of human machine interface is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Siemens AG, Schneider Electric SE, Rockwell Automation, Inc., General Electric Company, Honeywell International Inc., ABB Ltd., and others.

The automotive segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Human Machine Interface Market Report Scope
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