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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