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Global Market for Human Machine Interface (HMI) Solutions

Global Market for Human Machine Interface (HMI) Solutions

Dublin, May 31, 2023 (GLOBE NEWSWIRE) -- The "Human Machine Interface (HMI) Solutions - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Human Machine Interface (HMI) Solutions Market to Reach $11.6 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Human Machine Interface (HMI) Solutions estimated at US$6.1 Billion in the year 2022, is projected to reach a revised size of US$11.6 Billion by 2030, growing at a CAGR of 8.5% over the analysis period 2022-2030. Display Terminals, one of the segments analyzed in the report, is projected to record 8.2% CAGR and reach US$3.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Interface Software segment is readjusted to a revised 9.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 10.5% CAGR

The Human Machine Interface (HMI) Solutions market in the U.S. is estimated at US$1.7 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2030 trailing a CAGR of 10.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 8.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR.

Select Competitors (Total 97 Featured)-

• Denso Corporation

• Omron Corporation

• Cypress Semiconductor Corporation

• Continental AG

• Microchip Technology, Inc.

• Alps Alpine Co., Ltd.

• Honeywell Process Solutions (HPS)

• Larsen & Toubro Ltd.

• NEXCOM International Co., Ltd.

• Bosch Group

• Gefran SpA

• Beijer Electronics, Inc.

• Aveva Group PLC

• Maple Systems, Inc.

• Material Handling Systems, Inc. (MHS)

Key Attributes:

Report Attribute	Details
No. of Pages	733
Forecast Period	2022 - 2030
Estimated Market Value (USD) in 2022	$6.1 Billion
Forecasted Market Value (USD) by 2030	$11.6 Billion
Compound Annual Growth Rate	8.4%
Regions Covered	Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights

• World Market Trajectories

• In This Age of Digitalization, HMI Acquires New Significance

• A Universal Feature for all Electronic & Digital Devices, HMI to Benefit from the Growing Momentum of Digital Transformation of Businesses: Global Digital Transformation Opportunity (In US$ Billion) for the Years 2019, 2021 and 2023

• Human Machine Interface (HMI) Solutions - Global Key Competitors Percentage Market Share in 2022 (E)

• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Autonomy-Connectivity-Electrification-Electronification Spur the Importance of Easy-to-Use HMI in the Automotive Industry

• Digital HMI to Witness Strong Penetration in the Automotive Instrument Cluster Market Still Dominated by Analog HMI: Global Automotive Instrument Cluster Market (In US$ Billion) by Type for the Years 2019, 2021, 2023

• As In-Vehicle Connectivity & the Resulting Information Overload Floods the Car, Driver Focused HMI Emerges into the Spotlight

• As In-Vehicle Connectivity Solutions Grow in Commercial Value, HMI Becomes a Key Engineering Essential Vital for the Successful Design of Safe Connected Cars: Global OEM Connected Car Solutions for Passenger Cars (In 000 Units) by Type for the Years 2018, 2020 and 2024

• Digital Transformation in the Oil & Gas Industry Spurs Demand for Advanced Panel HMI

• Growing Importance of Digital Oilfield Accelerates HMI Demand

• Active Integration of IIoT and M2M Communication in Oil & Gas Infrastructure Widens Opportunities

• As Digital Technologies Penetrate the Oil & Gas Industry to Relieve Cost & Efficiency Pressures, HMI Draws Increased Interest: Global Spending on Digital Oilfield Technologies (In US$ Billion) for the Years 2019, 2021 and 2023

• Strong Penetration of Industrial Automation Concept Spurs Growth of HMI

• Unprecedented Rise in Investments on Industrial Automation Brings HMI into the Spotlight for Controlling & Monitoring Machines & Processes: Global Industrial Automation Market (In US$ Billion) for the Years 2019, 2022, 2024 & 2026

• HMI Technologies Take Center Stage in Industrial Automation Ecosystem

• PC-based HMI Remains Popular in Industrial Environments

• Evolution of IoT Drives Robust Innovation in HMI Technology

• Growing IoT Ecosystem Across Industries Bring the Value of Intuitive HMI Designs Into the Spotlight: Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025

• Touchscreen Enhanced With Haptics & Ultra-Haptics: The Current Focus Area for Innovation

• Haptics Facilitate Seamless Interaction with Virtual Models

• UltraHaptics Bring In New Era of Touchless Screens

• HD Haptics Emerge to Enhance User Experience

• Rising Demand for Mobility and Efficiency: Strong Growth Driver for Mobile HMI Solutions

• Multi-Modal HMI Gains in Popularity

• Backlighting for HMI: "Light Guide Film Technology" in Focus

• From Graphical User Interface to Natural Language User Interfaces, the Transition Has Begun

• AR/VR Emerge as Attractive Technologies to Bridge the Current Human/Machine Gap

• Augmented Reality Makes Inroads into the Automotive HMI Market with the Next Generation Automotive Grade Heads-Up Displays

• AI Enabled HMI: From Science Fiction to Commercial Deployment

• Intersection of Natural Language Processing (NLP) & Artificial Intelligence Marks the First Step Forward in Redefining HMI in the Age of Intelligence: Global AI in NLP (In US$ Billion) for the Years 2019, 2022 and 2024

• Affective Computing: The Future of all Emotional Human-Machine Interactions

• Developments in Affective Computing Bodes Well for the Development of Next Generation Futuristic Emotionally Aware HMI Solutions: Global Market for Affective Computing (In US$ Million) for the Years 2020, 2022 & 2024

• Holographic HMI to Witness Strong Adoption in the Enterprise/Industrial Sector

• As the World Moves to the 3rd Wave of Mobility Called Productive Mobility as Evidenced by the Explosion of BYOW, Holographic HMI & Wearable HMI Will Witness Robust Growth & Adoption: Global Market for Enterprise Wearables (In US$ Million) for the Years 2015, 2017, 2020 and 2025

• Chat Bots & Digital Assistants: A New Paradigm in HMI Waiting to Disrupt the Market

• Expanding Implementation of Conversational Bots Underlines the Unleashing of Conversational UX as the HMI of the Future: Global Chatbot Market (In US$ Million) for the Years 2020, 2023, 2026 and 2028

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/20z85a

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ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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