Global $7.6 Bn Human Machine Interface (HMI) Solutions Market to 2027 – ResearchAndMarkets.com | Financial Buzz

Global $7.6 Bn Human Machine Interface (HMI) Solutions Market to 2027 – ResearchAndMarkets.com

The “Human Machine Interface (HMI) Solutions – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

The global market for Human Machine Interface (HMI) Solutions is projected to reach US$7.6 billion by 2025, driven by the emerging new digital era where humans and machine will work alongside each other.

With growing penetration of artificial intelligence (AI) in every industrial sector, key to successful realization of the promised benefits of the technology lies in humans and machines working together as a cohesive team.

For effective human machine collaboration, the importance of Human Machine Interface (HMI) cannot be overstated. A key growth driver in the market is the rapid pace of digital transformation which increasingly puts humans and machines together. Digitalization is defined as the use of digital technologies to transform business models in a manner that enables new value creation opportunities and opens up new revenue avenues for companies.

Digitalization is longer an option for businesses but a necessity to compete in a changing world increasingly underscored by tough economic fundamentals. Virtually all businesses have embraced digitization and have begun the journey of digital transformation. Billions of dollars are being injected into the transformation process, opening up attractive opportunities for myriad allied markets that encompass semiconductors, hardware, software, cloud services, and platform providers, among others.

Technologies at the forefront of this digital transformation include cloud computing, Internet of Things (IoT), Big Data, Data Analytics, Artificial Intelligence, Mobility/Social Media, Cybersecurity, 3D Printing, and Wearable Technology. Top industries at the forefront of digitalization include health & pharma, automotive, process and discrete manufacturing, oil and gas, telecom and finance.

As budgets allotted for digital transformation become bigger, billions of dollars will need to be justified and their ROI measured. Companies will be under pressure to show benefits accruing from their growing technology budgets. The scenario is poised to benefit a wide range of markets for enabling hardware and software platforms including human machine interface (HMI). Digitalization means increased use of computers and digital machines. Their efficient use plays a major role in influencing ROI on CAPEX investments. In this regard, the importance of human machine interface (HMI) cannot be overstated.

The United States, Japan and Europe represent large markets worldwide with a combined share of 65.7% of the market. China ranks as the fastest growing market with a CAGR of 10.2% over the analysis period supported by the Chinese government`s ambitious plans to empower the Chinese economy to become internationally competitive via digitalization.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • 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
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

  • ABB Limited (Switzerland)
  • Advantech Co., Ltd. (Taiwan)
  • American Industrial Systems, Inc. (USA)
  • Beijer Electronics, Inc. (Sweden)
  • Eaton Corporation Inc. (USA)
  • Emerson Electric Co. (USA)
  • Honeywell Process Solutions (USA)
  • Kontron S&T AG (Germany)
  • Mitsubishi Electric Corporation (Japan)
  • Omron Corporation (Japan)
  • Rockwell Automation, Inc. (USA)
  • Schneider Electric SE (France)
  • Siemens AG (Germany)
  • Yokogawa Electric Corp. (Japan)

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

GEOGRAPHIC MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 89

For more information about this report visit https://www.researchandmarkets.com/r/3jgn65

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