North America HMI Market Size
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2021 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2018 - 2020 |
| CAGR | 10.10 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America HMI Market Analysis
The North America Human-Machine Interface Market is anticipated to register a compound annual growth rate of 10.1% during the forecast period. The key factor contributing to the growth of the market is the increasing adoption of industrial automation across the manufacturing sector. Moreover, other factors such as the growing demand for smart automation solutions, advancements in the Industrial Internet of Things (IIoT) technology, and the surging need to monitor and increase the efficiency of manufacturing units are also significantly contributing to the growth of the market.
- The manufacturers in the region are considered to be one of the most fervent adopters of Industry 4.0. The operational benefits of advanced technologies, such as IoT and big data, among others, have made North American manufacturers more inclined to integrate IoT technologies in their processes. Moreover, the growing number of small and medium enterprises (SMEs) in the region and increasing digitization in manufacturing by various large organizations have also propelled the growth of the IoT in the regional manufacturing market. Therefore, the increasing efforts of the companies in the region to move towards Industry 4.0 operations are expected to propel the demand in the region.
- Demand for automating the industrial process has seen a steady increase. The market has seen significant growth in automation industries, facilitating the demand for Human Machine Interface (HMI) products. HMI helps increase the efficiency of the user and secures the data. The initial high cost associated with deploying such products acts as a challenge to the market's growth. Besides, HMIs are not limited to manufacturing enterprises. It is being used increasingly by various enterprises operating in industry verticals like energy, healthcare, and defense.
- Human-machine interfaces communicate with Programmable Logic Controllers (PLCs) and input/output sensors for obtaining and displaying information for the users to view. The HMI screens can be used for tracking and monitoring or performing other operations, such as controlling the machines.
- Previously, operators were required to walk the floor constantly for reviewing mechanical progress and recording it on a whiteboard or a paper for future references. By allowing PLCs to transmit real-time information straight on an HMI display, the HMI technology significantly eliminates the need for this manual and outdated practice, reducing several problems caused by lack of information or human error.
- Further, HMIs optimize an industrial process as it allows digitization and centralization of data for a viewer. By leveraging HMI, operators can see crucial information and data displayed in charts, graphs, or digital dashboards. Further, it also allows them to view and manage alarms and connect with MES and SCADA systems, all through one console.
North America HMI Market Trends
This section covers the major market trends shaping the North America HMI Market according to our research experts:
Automotive is Expected to Hold Significant Share
- The automotive industry has been witnessing significant advancements over the past several years. Increased emphasis is being given to Advanced Driver Assistance Systems (ADAS). Moreover, customers in this segment are increasingly demanding feature-loaded vehicles that enable them to have more control over the vehicle. Additionally, infotainment systems have also witnessed drastic changes over time, with automotive companies increasingly providing large touch panels in the vehicles, primarily cars, enabling the users to interact with the vehicle more efficiently. Companies, such as Tesla, General Motors, Ford Motor Company, are increasingly providing these features in their vehicles to attract a more significant number of customers.
- Moreover, various automotive companies, such as Tesla, are continuously developing autonomous vehicles that can drive by themselves while keeping the passengers informed about the routes, traffic conditions, speed, and other aspects. Herein, HMIs technologies play a vital role in providing real-time information to the passengers.
- Modern vehicles already employ a variety of interaction methods that were inconceivable only a few years ago. Drivers use a hands-free HMI system to interact with their vehicle, connected systems within it, and the environment surrounding it. Such advancements in automotive designs promote the adoption of HMIs in the automotive segment.
- Various advancements are taking place in the automotive domain with respect to HMIs. For instance, in October 2020, Epic Games announced a new HMI initiative to create automotive infotainment and digital cockpit experiences. Also, the GMC HUMMER EV from General Motors was the first vehicle to use Unreal Engine in its digital cockpit. The Unreal Engine alliances with HMI technology leaders, such as QNX, BlackBerry, Mapbox, Qualcomm Technologies, Inc., Vectorform, and Siili Auto, are making it easier for the automotive manufacturers to operate more efficiently when building in-vehicle experiences.
United States To Hold The Largest Market Share
- The North American region is expected to move towards adopting IoT in its operations quickly. This is majorly contributed by countries such as the U.S. According to the GSMA, the urgency to deploy IoT projects is significantly more substantial in the U.S. as compared to other countries.
- The U.S. is considered to be an early adopter of various technologies. Many heavy industry companies are accelerating their digital transformation journeys due to recent global events, particularly in fields such as engineering, mining, oil & gas, and manufacturing.
- In August 2021, OnLogic, a global industrial computer hardware manufacturer and IoT solution provider, announced its plan to build a new 125,000 square-foot global headquarters in South Burlington, Vermont. The new facility accommodates the growing production needs of the company while also providing its local team with an environment fostering continued innovation. Moreover, the USD 50 million project aims to house manufacturing, testing, warehousing facilities, and all other business operations to support the production of the company's small form factor, industrial computers.
- Human Machines Interfaces also provide manufacturers with asset management capabilities. Accuracy in real-time data and reports gives managers the ability to be more efficient and make just the right maintenance plans for businesses. As such, the industries are increasingly moving towards adopting HMIs for enhancing their asset management capabilities.
North America HMI Industry Overview
The North America Human Machine Interface market is fragmented, with several companies offering various types of hardware, software, and services, related to the market. Besides, the companies are also engaging in various strategic partnerships & collaborations, product developments, and geographic expansions in order to cater to a more significant number of customers and increase their market share. Moreover, competition is high in the market with the presence of several large-scale players, including ABB Ltd, Rockwell Automation Inc., Honeywell International Inc., Siemens AG, and Schneider Electric SE, among others.
- In April 2020, Paper Converting Machine Co. (PCMC), part of Barry-Wehmiller, has launched Smart TOUCH HMI, a new human-machine interface available on Forte tissue converting lines. PCMC’s Smart TOUCH HMI follows high-performance design principles to offer users a clean, modern interface and enhanced help features.
North America HMI Market Leaders
ABB
Schneider Electric Ltd
Siemens
Rockwell Automation, Inc.
Honeywell International Inc.
*Disclaimer: Major Players sorted in no particular order
North America HMI Market News
- In February 2020, Rockwell Automation announced that the company is entering an acquisition agreement with ASEM that offers solutions for the HMI and IPC market. The acquisition aimed at strengthening the company’s control & visualization portfolio. Moreover, the acquisition aimed at helping the company improve its ability to deliver high-performance, integrated automation solutions.
North America HMI Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Adoption of IoT and Shift towards industry 4.0
4.2.2 Benefits of Efficiency and Data Security
4.3 Market Restraints
4.3.1 High Investment Cost
4.4 Value Chain / Supply Chain Analysis
4.5 Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type of Offering
5.1.1 Hardware
5.1.2 Software
5.1.3 Service
5.2 End-User Industry
5.2.1 Automotive
5.2.2 Food and Beverage
5.2.3 Packaging
5.2.4 Pharmaceutical
5.2.5 Oil and Gas
5.2.6 Metal and Mining
5.2.7 Other End-Users
5.3 Country
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 ABB
6.1.2 Siemens
6.1.3 Schneider Electric Ltd
6.1.4 GE Ltd
6.1.5 Rockwell Automation, Inc.
6.1.6 Honeywell International Inc.
6.1.7 Panasonic Corporation
6.1.8 Mitsubishi Electric Corporation
6.1.9 Omron Ltd
6.1.10 Eaton Corporation
6.1.11 Beijer Electronics, Inc.
6.1.12 Yokogawa Electric Corporation
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. FUTURE OF THE MARKET
North America HMI Industry Segmentation
A human-machine interface (HMI) is used to optimize a process by centralizing and digitizing for the user, where the operators can see important pieces of information in different forms of graphs, chatbots, or digital assistance. Adoption of automation in various end-user industries, like in food and beverages, packaging, etc., to increase operational efficiencies is a significant trend catalyzing the expansion of the human-machine interface market. The increasing number of industrial applications and automation in the United States is expected to propel the utilization of human-machine interfaces in the country, helping the industry grow.
| Type of Offering | |
| Hardware | |
| Software | |
| Service |
| End-User Industry | |
| Automotive | |
| Food and Beverage | |
| Packaging | |
| Pharmaceutical | |
| Oil and Gas | |
| Metal and Mining | |
| Other End-Users |
| Country | ||||
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North America HMI Market Research FAQs
What is the current NA HMI Market size?
The NA HMI Market is projected to register a CAGR of 10.1% during the forecast period (2023-2028).
Who are the key players in NA HMI Market?
ABB, Schneider Electric Ltd, Siemens, Rockwell Automation, Inc. and Honeywell International Inc. are the major companies operating in the NA HMI Market.
NA HMI Industry Report
Statistics for the 2023 NA HMI market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. NA HMI analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
