Human Machine Interface (HMI) Software Market Size, Share & Industry Analysis, By Deployment (On-Premise, Cloud), By Industry (Packaging, Food and Beverage, Automotive, Pharmaceuticals, Utilities) And Regional Forecast, 2024-2032

A human-machine interface (HMI) enables efficient interaction and communication between user and machine or the system. The system is also referred to as man-machine interface (MMI), human-computer interface, and computer-human interface. It increases the system's efficiency, comfort, user satisfaction by assisting in error reduction. Growing demand for smart automation solutions, rising industrial automation adoption in the manufacturing industry, and the evolution of the industrial internet of things (IIoT) have enhanced the need for an efficient monitoring system in manufacturing plants. HMI software is expected to witness potential market opportunities in monitoring, reporting, and visualization areas of the industrial operations. Increasing adoption of edge computing and industrial internet of things generates massive volume of data, which is further likely to boost the HMI software demand. This data can be excellently used with adjunct processes, such as manufacturing execution systems (MES), workflow, enterprise asset management (EAM), intelligence, and optimization, in addition to visualization.

The growing need for efficiently monitoring the production plants in various industries such as mining, automotive, and oil and gas drives the significant demand for HMI software. Rising demand for smart technological solutions across the manufacturing and processing industries will spur the HMI market growth. Besides, the integration of logical software with technical devices is expected to improvise productivity and quality, thereby stimulating the demand. The introduction of IIOT and HTML5 enables end-users with more convenience and flexibility to propel the HMI market's growth. The launch of the latest version of software programs will allow optimum running, visualization, and analyzing equipment and machinery across industries. Several factors, such as stringent rules about the implementation of energy efficiency, workspace safety, and rising labor wages, accelerating the human-machine interface market.

The increasing popularity of AR and VR technology and multi-touch screens are fueling the growth of this market. Further, the human-machine interface is projected to reduce the operational expenses by substituting various indicator lights, selectors, and push buttons, along with lowering the necessity of additional cables and display panels. Moreover, with the implementation of a flexible HMI facility, managers can improve productivity by reducing startup time.

Key Market Driver -

• Increasing demand for monitoring the production plants to drive the adoption of HMI software • Evolution of industrial automation and IIoT to accelerate the HMI software market growth

Key Market Restraint -

• Lack of skilled professionals and standardization would affect the HMI software adoption

Key Players Covered:

The human-machine interface (HMI) market signifies a highly competitive landscape where many small and large companies operate in domestic and international markets. Significant companies adopt fundamental business strategies such as partnerships, collaborations, mergers, or acquisitions, to raise their market position. Vendors are focusing on the development of featured products to meet the custom requirements of the industry. For instance, Siemens AG has designed HMI technology to meet the needs of complex processes of automation systems and machines. The company is also looking to develop its HMI portfolio for automation assets by offering automation technologies for various industries such as oil and gas, food and beverages, life sciences, and others. These strategies are also helpful for market players to expand their product portfolio and geographical presence.

Prominent companies in the global market includes Schneider Electric SE, AVEVA Group plc, Rockwell Automation Plc., Siemens AG, General Electric, ABB Ltd, Eaton Corp, Honeywell International Inc., Emerson Electric, Advantech Co, Beijer Electronics, Yokogawa Electric., and among others.

Regional Analysis:

North America is likely to drive significant market growth due to the increasing high-end production activities and the presence of a large number of solution providers across the United States. Increasing demand for integrated human-machine interface solutions is anticipated to propel the region's HMI software market growth. Early technology adoption in North America is another crucial fact that is contributing further to industry progress. The proliferation of product development with the prominence of sustainability, well-connected institutional footprint, and low-power consumption are factors attributing to the growth of the human-machine interface market.

The trend of factory automation and cumulative adoption of advanced technologies supports HMI market growth across Europe.

Asia-Pacific is projected to grow at a higher growth rate due to increased population and disposable income. In this region, Japan and China are considered the manufacturing hubs of the human interface machine's equipment. India is likely to emerge as a key region for the development of the manufacturing industry, which will further cultivate the market opportunities in the coming years. The ongoing rapid industrialization also drives the HMI market across India and China. Easy availability of low-cost labor force and raw materials with the rising number of automation projects is probable to spur the demand. Apart from this, a growing number of public and private infrastructure investors across the Asia-Pacific market would boost the demand for sophisticated solutions.

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Segmentation

Key Industry Developments:

• September 2019: ABB Ltd. launched a new version of human-machine interface (HMI) software with a new visual control graphic interface and minerals process control library.


• September 2019: BlackBerry Limited and DENSO Corporation, in collaboration with SUBARU, has launched an integrated human-machine interface (HMI) digital cockpit system along with BlackBerry QNX technology, which enables integrated control of in-vehicle human-machine interface systems.