Human Machine Interface (HMI) Solutions

Human Machine Interface (HMI) Solutions

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 aCAGR of 8.5% over the 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)

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