How big is the HMI Market?

The HMI Market size is expected to reach USD 5.02 billion in 2024 and grow at a CAGR of 7.90% to reach USD 7.34 billion by 2029. Read More

What is the current HMI Market size?

In 2024, the HMI Market size is expected to reach USD 5.02 billion. Read More

Who are the key players in HMI Market?

Honeywell International Inc., Siemens AG, Rockwell Automation Inc., Schneider Electric SE and ABB Ltd are the major companies operating in the HMI Market. Read More

Which is the fastest growing region in HMI Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in HMI Market?

In 2024, the North America accounts for the largest market share in HMI Market. Read More

What years does this HMI Market cover, and what was the market size in 2023?

In 2023, the HMI Market size was estimated at USD 4.65 billion. The report covers the HMI Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the HMI Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

HMI Market Share

Statistics for the 2023 & 2024 HMI market share, created by Mordor Intelligence™ Industry Reports. HMI share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of HMI Industry

The intensity of competitive rivalry in this market is high due to large-scale companies, such as ABB Ltd, Siemens AG, Rockwell Automation Inc., Honeywell International Inc., and Schneider Electric SE. Changing operational and business needs have actuated supported advancements regarding HMI innovation. Evolved forms of HMI, such as high-performance HMIs, touch screens, mobile devices, and more traditional models, are available in the market. The players in this industry are continually developing new product portfolios to gain competitive advantages with mergers and acquisitions, partnerships, and constant innovations.

August 2022 - ABB India announced that the company has developed and elevated its smart power factory in Nelamangala, Bengaluru, to fulfill the substantial demand for the solutions and energy management technologies offered by the company. Moreover, the company also said that the smart facility harnesses advanced collaborative robotics technology for better human-machine interface (HMI), artificial intelligence (AI), and advanced digitalization technologies to construct a sophisticated, automated, and flexible future-ready factory.
October 2022 - Schneider Electric released new updates to its EcoStruxure domain architecture and platform, EcoStruxure Power. According to the company, with the integration of ETAP Operator Training Software (eOTS) and EcoStruxure Power Operation energy management software, facility managers can experience a highly realistic Power Operation training environment driven by ETAP's electrical digital twin. Moreover, the integration allows all EcoStruxure Power Operation systems to continuously connect with ETAP Electrical Digital Twin and are designed and validated against contingencies utilizing their familiar EcoStruxure Power Operation human-machine interface.