HMI Software Market Research Report - Global Forecast till 2030

Global HMI Software Market Research Report: By Component (On-Premise, Cloud-Based), By Product Type (Proprietary Software, Hardware Independent, Open Source Software), By Configuration Type (Stand-Alone HMI, Embedded HMI) - Forecast till 2030

ID: MRFR/ICT/7181-CR | December 2019 | Region: Global | 196 Pages         

HMI Software Market

HMI Software Market is Anticipated to Reach US$ 12,719.9 Million by 2030 Registering a CAGR of 9.16%

Segmentation

By Component On Premise Cloud Based
By Product Type Proprietary Software Hardware Independent Open Source Software
By Configuration Type Stand Alone Hmi Embedded Hmi

Key Players

  • General Electric
  • Rockwell Automation
  • Schneider Electric
  • Siemens
  • AdroIT Technologies
  • Beijer Electronics
  • Brainchild Electronic
  • B-Scada
  • COPA-DATA
  • Elipse Software
  • Inductive Automation
  • National Instruments

Drivers

  • The Increased costs of infrastructure and the risks related to cyber security and data loss are factors that constrain market growth.
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HMI Software Market Overview:
Based on the research reports, Human Machine Interface (HMI) Software Market is expected to witness a growth at a CAGR of 9.16%, during the forecast period. The increasing adoption of robots and communication is the main driving force behind the growth of the market. The global market has more potential growth opportunities because of a wearable HMI. This new human-machine interface is anticipated to be proved more intuitive and interactive. However, the major challenge for the market growth is the massive cost of implementing the HMI software.


Few major players dominate the market. However, some new players are expected to come into the market due to more HMI Software Market Opportunities revenue. Also, the arrival of new players will amplify the competition in regions like Asia-Pacific, South Africa, and the MEA (the Middle East and Africa). 


This report views the market dynamics, market segmentation, drivers, restraints, challenges, etc. Also, it discusses the regional analysis and technical analysis and the competitive landscape of the HMI Software Market Trends.


HMI Software Market Covid-19 impact Analysis:
The covid-19 pandemic started in 2019 in china and spread all over the world at a fast pace, and it has its severe effects. The global industries and their spending are expected to be negatively influenced by the outbreak. It has been assumed based on the scenario that the huge loss various industries across the world are going through will have an impact on their tech spending till 2021 end. 


However, according to HMI Software Market Analysis, the Human-machine interface market key players are adopting new strategies to develop their skills and eventually recover from the loss. The HMI market has also started looking for new business approaches, funds, and resources to sustain global and regional platforms. 


Technological Analysis:
According to the current scenario, manufacturing plants are heavily focusing on wireless and cloud-based technologies. Added to this, the vendors have started manufacturing devices that are both HMI software compatible and wireless & cloud-based. Therefore, this combination has proven to be very efficient regarding connectivity and performance. Cloud-based technologies allow the user to transmit or edit data from any time and anywhere. The ease of access provided by this wireless, cloud-based, and HMI software-compatible technology lets users make more strategic decisions. Based on the HMI Software Market Forecast, the market is likely to grow at a CAGR of 9% during the forecast period.


Market Dynamics:
Drivers:
The manufacturing plants having the increased need for process efficiency are driving the growth of the global HMI software market. Automation processes reduce the operational costs; therefore, the manufacturing plants are driving towards it. Customizable HMI solutions and HMI devices are offered by the vendors, which allow the end-users to profit more. 


Restrains:
The key restraining factors of the market growth are the high infrastructure costs, data loss, and cybersecurity risks.  


HMI Software Market Segmental Analysis:
The HMI Software Market Segments are divided into type, deployment, product type, configuration type, technology, end-user, and region. 


By Type:
Depending on the market type, the market is divided into- supervisory level HMI and machine-level HMI. In 2018, the largest market share (67.3%) was accounted by the supervisory level HMI valued at 1, 516.3 million; it is now projected to exhibit a CAGR of 8.9% during the assessment period. Also, the other segment, machine-level HMI, is expected to register a CAGR of 9.6% during the forecast period; this segment had a market value of USD 486.4 in 2018.


By Deployment:
Depending on the deployment, the market of HMI is further segmented into on-premise and cloud-based. The cloud-based segment had the largest share of the market in 2018. It had 62.67% of the market valuing USD 1,411.6 million. The cloud-based segment is expected to exhibit the highest share with a CAGR of 9.5% during the forecast period. And, the on-premise segment that had a market value of USD 840.7% in 2018 is expected to register a CAGR of 9.1%.


By Product Type:
Depending on the product type, the market is divided into three parts-proprietary software, hardware-independent software, and open-source software. The open-source software is anticipated to grow with the highest CAGR, and the proprietary software is expected to have the largest market share during the assessment period. 


By Configuration Type:
The configuration type has two sub-segments in the market- proprietary stand-alone HMI and embedded HMI. In 2018, the stand-alone HMI segment had a market value of USD 736.0 million and was expected to exhibit a CAGR of 8.5%. Additionally, in 2018, the embedded HMI held the largest market share (67.3% and market value- USD 1,516.3 million); it is projected to grow with the highest CAGR of 9.4% during the forecast period.


By Technology:
Technologically, the market is sub-segmented into- 


  • acoustic

  • optical

  • tactile

  • bionic

  • motion


According to the assumption, the bionic segment will exhibit the highest CAGR, and the optical segment will have the largest share in the market during the forecast period. 


By end-user:
Depending on the end-users, the market is further segmented into-


  • oil and gas

  • energy and power

  • food and beverage

  • metal and mining

  • aerospace and defense

  • pharmaceutical

  • semiconductor and electronics

  • automotive

  • packaging


Among all the segments, the chemical segment is expected to exhibit the highest CAGR of 9.5% during the forecast period. Other than that, the oil and gas segment had the largest share12.5%, market value-USD 281.5%) in the market in 2018 and is expected to grow with a CAGR of 9.1% during the forecast period. Additionally, in 2018, the second-largest market shareholder was the power and energy segment (USD 272.7 million), which is expected to grow with a CAGR of 9.2% during the forecast period. 


By Region:
Based on region, the HMI Software Market Share is divided into these regions-



  • North America

  • Europe

  • Asia-Pacific

  • The Middle East and Africa

  • South America


HMI Software Market Regional Analysis:
North America is leading the regional market with the largest HMI Software Market Size. And, due to high advancement and investment in digital technology, North America is expected to maintain its dominance on the HMI Software Market Growth. Europe is second on the list, following North America. The Asia-Pacific is expected to grow at a very fast pace and a higher CAGR. In this region, it is expected that China and Japan will become the HMI manufacturing hubs because of the increasing demand for equipment for HMI machines. 


Recent Developments:
In January 2020, China successfully implanted its first brain-computer interface. A man got paralyzed from a car accident, and the brain-machine interface technology helped him move his artificial limbs by creating a connection between the brain and the devices (artificial limbs). 


In February 2020, Rockwell Automation, with the help of ASEM, strengthened its visualization and control portfolio. It is expected that the acquisition is going to help the organization to expand its software and hardware portfolio; it will also help the company with their integrated automation solutions and high-performance delivery. 


In April 2019, an human-machine interface was launched by Mitsubishi for extreme environments. It had an extended temperature range for operation of -200C to +650C; this operator successfully meets the needs of harsh and demanding applications.


HMI Software Market Competitive Landscape:
Because of the presence of many large-scale companies, the completion in the human-machine interface market is quite high. Due to the high intense competitive rivalry, the market players are continuously developing new product portfolios and business opportunities. All are focusing on gaining competitive advantages with constant innovations, mergers and acquisitions, and partnerships. Innovation in HMI in resulting in evolving HMI. 


HMI Software Market Major Key Players:



  • COPA-DATA

  • Automation

  • Beijer Electronics

  • B-Scada

  • Brainchild electronics

  • General Electric

  • Elipse Software

  • Inductive automation 

  • National Instruments.

  • ABB Ltd.

  • Siemens AG

  • Rockwell Automation Inc

  • Honeywell International Inc

  • Schneider Electric SE. 


Report Overview:
The global market of HMI software research report consists-



  • Market overview

  • Covid-19 impact

  • Market dynamics

  • Drivers

  • Challenges

  • Opportunities

  • Restrains

  • Challenges

  • Segmental analysis

  • Regional analysis

  • Recent development

  • Competitive landscape



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 7.81 Billion
  CAGR   9.16% (2020-2030)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Component, By Product Type, By Configuration Type
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   General Electric, Rockwell Automation, Schneider Electric, Siemens, AdroIT Technologies, Beijer Electronics, Brainchild Electronic, B-Scada, COPA-DATA, Elipse Software, Inductive Automation, and National Instruments
  Key Market Opportunities   The global HMI software market holds substantial growth opportunities due to the introduction of a wearable human-machine interface, which is projected to be more interactive and intuitive.
  Key Market Drivers   The Increased costs of infrastructure and the risks related to cybersecurity and data loss are factors that constrain market growth.


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Frequently Asked Questions (FAQ) :

The technology-dependent segments are acoustic, optical, tactile, motion and bionic.

The significant players in the market are Rockwell Automation, COPA-DATA, Siemens, AdroIT Technologies, Beijer Electronics, General Electric, B-Scada, Elipse Software, Brainchild Electronic, Schneider Electric, National Instruments and Inductive Automation, among others.

The HMI Software Market can expand at a rate of 9.16% from 2020 to 2030.

Improved communication among humans and the machinery and the growing adoption of robots in industries are key factors driving the market growth. Also, the use of innovative technologies such as artificial vision enables HMI devices to automatically perform measure, control, and classification functions.

The global HMI software market holds significant growth opportunities owing to the introduction of a wearable human-machine interface which is expected to be more interactive and intuitive.