Press Release Description

Emergence of Connected Cars in India to Drive the Human Machine Interface (HMI) Market Though 2030

The India Human Machine Interface (HMI) Market is projected to witness around 8.50% CAGR during 2024-30, says MarkNtel Advisors in their research report. The market is driven principally by the rapidly increasing trend of industrial digitalization, advent of connected cars in India, coupled with the introduction of new technological & strategic advancements like HTML5 & Industrial IoT across several process & discrete manufacturing industries.

The utilization of IIOT & HTML5 allows end-user verticals to attain more convenience & flexibility in monitoring, visualizing, & analyzing industrial equipment & machinery. Moreover, HMI offering various benefits like lower operational costs, easy access to data, better data security & retrieve ability are other crucial aspects driving the market. Nonetheless, the increasing use of HMIs across the manufacturing industries for better machine-user communication is also projected to create lucrative growth opportunities for the market players in the coming years, further states the research report, “India Human Machine Interface (HMI) Market Analysis, 2024.”

Segmentation Analysis

Based on End Users, the India Human Machine Interface (HMI) Market segments into:

  • Process Industry
  • Discrete Industry
    • Automotive
    • Aerospace & Defense
    • Packaging
    • Medical Devices
    • Semi-Conductors & Electronics

Of them all, the Discrete Industry is anticipated to hold a significant market share in the coming years, with the Automotive sector holding a prominent share. It is principally because India is undergoing a massive technological shift, owing to the increasing number of product launches like advanced infotainment systems by Original Equipment Manufacturers (OEMs). As a result, the sales of vehicles equipped with HMI devices & ADAS (Advanced Driver Assistance System) are surging substantially due to the mounting need for convenience, safety & security, & comfort.

India Human Machine Interface (HMI) Market

Rockwell Automation Significantly Contributes to India Human Machine Interface (HMI) Market Growth

Among the leading market players, Rockwell Automation is one of the largest companies that offer power control, industrial automation, & information solutions. The company's Human Machine Interface (HMI) systems allow end-users to develop innovative products, enhance overall productivity, and gain an edge over others.  Recently, at the summit, 'India Inc. On the Move,' the leader, in partnership with Money Control & CNBC TV 18, cited different ways India can embrace Industrial IoT and decode the possible layouts on the smart manufacturing ecosystem to become the global leader in manufacturing.

Moreover, it also emphasized exploring Big Data, IoT, Artificial Intelligence, etc., while digitalizing India's manufacturing sector. Moreover, with the burgeoning need to adopt Industry 4.0, automation & its utilization across different verticals will play a crucial role in enhancing the country's manufacturing expertise, reveals MarkNtel Advisors in their research report, "India Human Machine Interface (HMI) Market Analysis, 2024."

Key Market Competitors

According to MarkNtel Advisors, the leading players in the India Human Machine Interface (HMI) Market are Schneider Electric India, General Electricals Automation India, Rockwell Automation, Siemens, Honeywell Automation India Ltd., ABB India Ltd., Voltas Ltd., L&T Electrical Automation, and Titan Engineering & Automation Ltd. (TEAL).

Key Questions Answered in the Study

  1. What are the current & future trends in the India Human Machine Interface (HMI) Market?
  2. How has the industry been evolving in terms of geography & service adoption?
  3. How has the competition been shaping across India, followed by their comparative factorial indexing?
  4. What are the key growth drivers & challenges for the India Human Machine Interface (HMI) Market?
  5. What are the customer orientation, purchase behavior, and expectations from Human Machine Interface (HMI) manufacturers across India?

Market Segmentation:

  1. By Offering (Hardware (Basic HMI, Advanced Panel Based HMI, Advanced PC-BASED HMI), Software (On-Premise, Cloud-Based), Services)
  2. By Configuration (Embedded HMI, Stand-Alone HMI)
  3. By Technology (Motion HMI, Bionic HMI, Tactical HMI, Acoustic HMI)
  4. By End-User (Process Industry (Oil & Gas, Food & Beverages, Pharmaceuticals, Chemical, Energy & Power, Metal & Mining, Water & Wastewater), Discrete Industry (Automotive, Aerospace & Defense, Packaging, Medical Devices, Semi-Conductors & Electronics)
  5. By Competitors (Schneider Electric India, General Electricals Automation India, Rockwell Automation, Siemens, Honeywell Automation India Ltd., ABB India Ltd., Voltas Ltd., L&T Electrical Automation, Titan Engineering & Automation Ltd. (TEAL))

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