A potential demand for the expansion of the industrial human-machine interface market is being created by the continued trend towards automation and constant inventive advances in industrial processes.
Additionally, plant operators are choosing industrial human-machine interface solutions to monitor and carry out crucial control actions in an operational context as well as facilitating advanced visualisation into supervisory and enterprise-level solutions thanks to the development of industrial IoT and the surge in demand for smart automation solutions in the industrial sector.
Also, the market for industrial human-machine interfaces may experience growth due to the increasing investments in industrial robots as well as the ideas of digital offices and smart factories. Intelligent and sophisticated industrial automation systems are being adopted by the manufacturing, electronics & electrical, and automotive industries.
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The Industrial Human-Machine Interface (HMI) Market refers to the use of technology and software to enable humans to interact with machines and devices used in industrial settings. This market is driven by the increasing need for automation in various industries such as manufacturing, oil and gas, and transportation, among others. Industrial HMIs are used to monitor and control machines and processes in real-time, and they provide a way for humans to quickly and easily understand the status of the machines they are working with.
The global industrial HMI market is expected to grow significantly in the coming years, with a projected compound annual growth rate of 9.2% between 2021 and 2026. The market is driven by the increasing adoption of industrial automation and the growing demand for smart manufacturing solutions. Other factors driving the growth of the industrial HMI market include the increasing need for remote monitoring and control of machines, the growing popularity of the Internet of Things (IoT), and the increasing use of cloud-based solutions.
Industrial Human-Machine Interface Market: Competition Landscape
Most of the leading players in the industrial human-machine interface market are focusing on entering into partnerships and collaborations to offer cloud based solutions with advanced technologies such as machine learning, IoT, artificial intelligence. Some of the key players in the industrial human-machine interface market are –
- ABB Ltd.
- Advantech Co., Ltd.
- Schneider Electric
- Siemens AG
- Rockwell Automation, Inc.
- Kontron AG
- Honeywell International
- General Electric.
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Industrial Human-Machine Interface Market: Regional overview
On the basis of regions, North America is expected to be one of the key market for industrial human-machine interface market owing to the early adoption of advanced technologies and high adoption of advanced manufacturing practices by the companies in the region.
The increasing demand for advanced software solutions in the industrial sector is expected to drive the industrial human-machine interface market in the Europe region. Furthermore, Asia Pacific is expected to create significant growth opportunities, owing to the rising adoption of digital technologies and continuous development of industrial IoT sector in the countries of this region.
Industrial Human-Machine Interface Market: Segmentation
The industrial human-machine interface market has been segmented on the basis of component and vertical.
The Industrial Human-Machine Interface market is segmented on the basis of component:
- Hardware
- Software
- Services
- Professional Services
- Managed Services
The Industrial Human-Machine Interface market is segmented on the basis of vertical:
- Energy & Utilities
- Oil & Gas
- Automotive
- Aerospace & Defense
- Pharmaceutical
- Metals and Mining
- Retail & Consumer Goods
- Transportation & Logistics
- Others
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