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Human Machine Interface (HMI) Software Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

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Human Machine Interface (HMI) Software Market
1. Introduction
The human machine interface (HMI) is the interface between the human operator and the machine. It is the software that allows the operator to interact with the machine, typically through a graphical interface. The HMI software market is expected to grow from USD 4.40 Billion in 2016 to USD 7.47 Billion by 2021, at a CAGR of 10.4% during the forecast period.

The increasing demand for HMI in process industries and the increasing adoption of HMI in the automotive and transportation industry are the major factors driving the growth of the HMI software market.

The HMI software market is segmented on the basis of component, industry, and geography. On the basis of component, the market is segmented into hardware and software. The software segment is expected to grow at a higher CAGR than the hardware segment during the forecast period. This is because of the increasing demand for user-friendly and intuitive HMI software.

The process industry is the largest end-user of HMI software. The process industry includes oil & gas, chemicals, food & beverage, pharmaceuticals, power generation, and others. The oil & gas industry is the largest user of HMI software, due to the need for real-time monitoring and control of processes in this industry.

The automotive and transportation industry is the second-largest end-user of HMI software. The automotive industry is undergoing a transformation with the advent of new technologies such as connected cars, autonomous vehicles, and electric vehicles. These new technologies require new HMI solutions that can provide a better user experience to the operator.

The HMI software market is segmented on the basis of geography into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America is the largest market for HMI software, followed by Europe. The HMI software market in Asia-Pacific is expected to grow at the highest CAGR during the forecast period. This is because of the increasing demand for HMI solutions in the process industries in this region.

Some of the key players in the HMI software market are ABB Ltd. (Switzerland), Siemens AG (Germany), Schneider

2. Market Segmentation
The global Human Machine Interface (HMI) Software market is expected to grow at a CAGR of around 7.5% during the forecast period of 2020 to 2025.

What is Human Machine Interface (HMI) Software?

A human machine interface (HMI) is a user interface that allows humans and machines to interact. It is typically used in industrial applications such as process control and factory automation, but can also be used in other applications such as automotive, consumer electronics, and medical devices.

There are two types of HMIs: graphical and text-based. Graphical HMIs use icons, windows, and menus to allow the user to interact with the machine. Text-based HMIs use text commands to allow the user to interact with the machine.

What are the types of Human Machine Interface (HMI) Software?

The global Human Machine Interface (HMI) Software market is segmented by type into:

1. On-Premise

2. Cloud-Based

What are the applications of Human Machine Interface (HMI) Software?

The global Human Machine Interface (HMI) Software market is segmented by application into:

1. Process Control

2. Factory Automation

3. Building Automation

4. Transportation

5. Others

What are the key regions covered in the Human Machine Interface (HMI) Software market report?

The key regions covered in the report are:

1. North America

2. Europe

3. Asia Pacific

4. Latin America

5. Middle East & Africa

What are the major countries covered in the Human Machine Interface (HMI) Software market report?

The major countries covered in the report are:

1. United States

2. Canada

3. Mexico

4. Germany

5. France

6. UK

7. Italy

8. Spain

9. Russia

10. Turkey

11. China

12. India

13. Japan

14. South Korea

15. Australia

16. Indonesia

17. Malaysia

18. Philippines

19. Thailand

20. Brazil

21. Saudi

3. Market Drivers
The global human machine interface (HMI) software market size is expected to reach USD 4.8 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 5.6% during the forecast period. The rising demand for electric and hybrid vehicles is anticipated to drive the market over the forecast period.

The growing demand for advanced driver assistance systems (ADAS) is anticipated to drive the market for HMI software over the forecast period. The need for vehicles to be equipped with ADAS features, such as lane departure warning, automatic emergency braking, and adaptive cruise control, is expected to fuel the demand for HMI software. Moreover, the increasing focus on the development of autonomous vehicles is expected to drive the market over the forecast period.

The automotive industry is witnessing a shift from traditional mechanical systems to advanced electronic systems. This is expected to fuel the demand for HMI software over the forecast period. Moreover, the increasing adoption of infotainment systems in vehicles is expected to drive the market for HMI software over the forecast period.

The rising demand for electric and hybrid vehicles is anticipated to drive the market for HMI software over the forecast period. The need for efficient and user-friendly HMI software for electric and hybrid vehicles is expected to fuel the demand for HMI software.

The Asia Pacific human machine interface (HMI) software market is expected to grow at the highest CAGR over the forecast period. The growing automotive industry in the region is expected to drive the market for HMI software over the forecast period. Moreover, the presence of a large number of manufacturers in the region is expected to drive the market for HMI software over the forecast period.

Some of the key players in the human machine interface (HMI) software market are Robert Bosch GmbH, Continental AG, Delphi Automotive PLC, Harman International Industries, Inc., and Magneti Marelli S.p.A.

4. Market Challenges
The global Human Machine Interface (HMI) Software market is expected to grow at a CAGR of around 15.2% during the forecast period of 2020-2025.

The major factors driving the growth of the market are the increasing demand for advanced user interface and growing demand for cloud-based solutions. However, the high cost of HMI software is restraining the market growth to a certain extent.

The Human Machine Interface (HMI) Software market is segmented by component, by deployment type, by industry vertical, and by geography.

By component, the market is segmented into software and services. The software segment is expected to grow at a higher CAGR during the forecast period due to the growing adoption of advanced software solutions by various end-users.

By deployment type, the market is segmented into on-premises and cloud-based. The cloud-based segment is expected to grow at a higher CAGR during the forecast period due to the growing demand for cloud-based solutions from various end-users.

By industry vertical, the market is segmented into automotive, healthcare, oil and gas, food and beverage, manufacturing, aerospace and defense, and others. The automotive segment is expected to grow at the highest CAGR during the forecast period due to the growing demand for advanced HMI solutions from the automotive industry.

By geography, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America is expected to hold the largest market share during the forecast period due to the presence of a large number of HMI software vendors in the region.

Some of the key players operating in the market are ABB Ltd., Siemens AG, Schneider Electric SE, General Electric Company, Rockwell Automation, Inc., Eaton Corporation Plc, Omron Corporation, Yokogawa Electric Corporation, Mitsubishi Electric Corporation, and Honeywell International Inc.

5. Market Opportunities
1. The global human machine interface (HMI) software market is expected to grow at a CAGR of 7.2% during the forecast period (2020-2025).

2. The increasing demand for HMI software from the automotive industry is one of the major factors driving the growth of the market.

3. The automotive industry is increasingly adopting HMI software to provide a better user experience in vehicles.

4. The increasing demand for consumer electronics is another major factor driving the growth of the market.

5. The consumer electronics industry is adopting HMI software to provide a better user experience in devices such as smartphones, tablets, and laptops.

6. Competitive Landscape
The global human machine interface (HMI) software market is expected to grow at a CAGR of 7.2% during the forecast period from 2019 to 2024. The major drivers for the market are the growing need for data visualization and industrial automation.

The competitive landscape of the global human machine interface (HMI) software market is fragmented with the presence of a large number of small and medium-sized players. The major players in the market are ABB Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), General Electric Company (US), and Rockwell Automation, Inc. (US). These players are increasingly focusing on product innovation and expansion to gain a competitive edge in the market.

7. Conclusion
The global human machine interface (HMI) software market is expected to exhibit a CAGR of 7.9% during the forecast period (2018–2023). The major drivers for the market growth are the increasing demand for process automation in various industries and the rapid growth of the automotive industry.

The HMI software market has been segmented by component, by deployment type, by industry, and by geography.

By component, the market has been segmented into software and services. The services segment is expected to grow at a higher CAGR during the forecast period. The services segment includes support and maintenance, system integration, and consulting.

By deployment type, the market has been segmented into on-premise and cloud. The cloud segment is expected to grow at a higher CAGR during the forecast period. The cloud-based HMI software solutions offer various advantages, such as reduced total cost of ownership (TCO), easy scalability, and faster deployment.

By industry, the market has been segmented into automotive, oil and gas, food and beverage, power generation, pharmaceutical and biotechnology, and others (including pulp and paper, metals and mining, and water and wastewater treatment). The automotive industry is expected to hold the largest share of the HMI software market during the forecast period. The automotive industry is undergoing a digital transformation with the advent of advanced driver assistance systems (ADAS) and autonomous vehicles.

By geography, the market has been segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. North America is expected to hold the largest share of the HMI software market during the forecast period. This is due to the early adoption of HMI software solutions in the region.

Some of the key players in the HMI software market include ABB Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), Rockwell Automation, Inc. (US), General Electric Company (US), Omron Corporation (Japan), Mitsubishi Electric Corporation (Japan), Eaton Corporation plc (Ireland), and Honeywell International Inc. (US).

Key Players Covered:

 

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.

Segmentation

 

 ATTRIBUTE

 

  DETAILS
 

By Deployment

 

 

 

 

    • On-Premise
    • Cloud
 

By Industry

 

 

    • Packaging
    • Food and Beverage
    • Automotive
    • Pharmaceuticals
    • Utilities
    • Metals and Mining
    • Others
 

By Geography

 

 

    • North America (the United States, Canada, and Mexico)
    • South America (Brazil, Argentina, and Rest of South America)
    • Europe (the U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, and Rest of Europe)
    • Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, and Rest of the Middle East & Africa)
    • Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, and Rest of Asia Pacific)

 

 

 

 

By Deployment

 

 

 

 

    • On-Premise
    • Cloud
 

By Industry

 

 

    • Packaging
    • Food and Beverage
    • Automotive
    • Pharmaceuticals
    • Utilities
    • Metals and Mining
    • Others

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.

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