Market Scope
The global HMI Software Market Research is expected to register a CAGR of 9.1% during the review period. High rate of industrial automation, adoption of robots, and improved communication among humans are major drivers of the market. Integration of artificial vision and launch of wearable HMI devices can bode well for the market. Development of analytics software and advances in LEDs can propel market demand in the forthcoming years.
Investments in AI by the European Commission to the tune of USD 24 billion can fuel the market exponentially. IBM has planned to establish a unit dedicated to connected devices using HMI software. Increasing digitization and breakthroughs for integration of robotic process automation (RPA) across industries can signal the positive outlook of the global market.
Segmentation
By component, the market has been segmented into on-premise and cloud-based. The cloud-based software can register 6.97% CAGR over the forecast period.
By product type, the market has been segmented into open-source software, proprietary software, and hardware-independent.
By configuration type, the market has been divided into proprietary stand-alone HMI and embedded HMI.
By type, the market has been divided into proprietary supervisory level HMI and machine-level HMI.
By technology, the market has been segmented into tactile, optical, bionic, acoustic, and motion. The tactile technology can gain precedence over the forecast period owing to its application in automotive, digital signage, manufacturing, aerospace, and retail sectors. Lofty targets by organizations for achieving sales and use of interactive kiosks can bode well for the segment in the global HMI software market.
By end-user, the market has been segmented into automotive, oil and gas, energy and power, metals and mining, semiconductor and electronics, food and beverages, chemical, pharmaceutical, aerospace and defense, and packaging. The oil and gas segment accounted for the largest market share, followed by energy and power.
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Regional Analysis
North America is anticipated to maintain its dominance in the global HMI software market with a share of 33.32% in 2018, followed by Europe with the second-largest market share. Factors driving the growth of the market include increasing adoption of robots in industries and the need for improved communication in industrial processes.
Europe is set to be lucrative for the HMI software market owing to the bevy of tactile and motion based products launched. Germany is expected to gain the highest market share, followed by the UK and France. Some of the factors responsible for market growth include an increase in the number of industrial robots and a high need for improved communication in the industries.
Asia Pacific can contribute a significant market share due to markets in India, China, and South East Asian countries for touch based devices. The demand for touch screen panels in the automotive sector and investments in automation can fuel the global HMI software market.
Competitive Outlook
Elipse Software, AdroIT Technologies, Brainchild Electronic, Beijer Electronics, COPA-DATA, General Electric, Rockwell Automation, B-Scada, National Instruments, Inductive Automation, Siemens, and Schneider Electric are key players of the global HMI software market.
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