India Human Machine Interface (HMI)

India Human Machine Interface (HMI) Market Research Report: Forecast (2023-2028)

By Offering (Hardware (Basic HMI, Advanced Panel Based HMI, Advanced PC-BASED HMI), Software (On-Premise, Cloud-Based), Services), By Configuration (Embedded HMI, Stand-Alone HMI), By Technology (Moti Read more

  • ICT & Electronics
  • Dec 2022
  • 110
  • IT55038

Market Definition

A Human-Machine Interface (HMI) is a user interface that creates a medium to connect humans with a device, system, or machine for exchanging information among users & devices. Owing to the mounting inclination toward automation & digitalization, the need for HMI is expanding substantially across India.

HMI devices are used extensively in industrial applications for several purposes like tracking production time/trends/tags, visually displaying information, monitoring machine inputs & outputs, etc. Besides, these systems have multiple forms ranging from built-in screens & tablets to computer monitors, etc., and all aim to provide insights into the mechanical progress & performance.

Market Insights

The India Human Machine Interface (HMI) Market is projected to grow at a CAGR of around 8.50% during the forecast period, i.e., 2023-28. The market is driven principally by the mounting demand for Human Machine Interface (HMI) devices across various industries like automotive, mining, oil & gas, and others to efficiently monitor production plants. Moreover, with the integration of logical software into HMI devices, the overall productivity of the processing manufacturing industries has spurred in recent years, primarily due to precise monitoring. Moreover, substituting conventional buttons, indicator lights, & selectors with new HMIs helps reduce operating costs and the need for additional display panels & cables. Besides digitalization, HTML5, & the Industrial Internet of Things (IIOT), enabling end-users to use new software programs hassle-free and optimally monitor equipment has called for more expansion of the market in the past few years.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 8.50%
Key Companies Profiled 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))
Unit Denominations USD Million/Billion

 

Further, due to the sudden imposition of lockdowns & stringent movement restrictions during the outbreak of the Covid-19, the market underwent substantial disruptions & financial loss. The limitations on transportation & logistics further hampered the supply chain, as India imports most of the raw materials required for HMI from China. With this, the market faced delays & project cancellations and a severe decline in production & sales. Consequently, the sales of prominent electronic companies were also affected and observed fluctuations in the prices. However, with the upliftment of trade restrictions & recommencement of production plants, the market is projected to regain its momentum gradually and generate lucrative growth opportunities for the market leaders in the forecast period.

India Human Machine Interface (HMI) Market Research Report: Forecast (2023-2028)

Market Segmentation

Based on End-User:

  • Process Industry
    • Oil & Gas
    • Food & Beverages
    • Pharmaceuticals
    • Chemical
    • Energy & Power
    • Metal & Mining
    • Water & Wastewater
    • Others
  • Discrete Industry
    • Automotive
    • Aerospace & Defense
    • Packaging
    • Medical Devices
    • Semi-Conductors & Electronics
    • Others

Here, 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. For instance,

In June 2O22, the German firm Behr-Hella Thermocontrol GmbH (BHTC), a global leader in automotive displays/human-machine interface (HMI) solutions and climate control and thermal management, inaugurated its upgraded and fully integrated manufacturing facility in Pune. The facility seeks to sate the emerging global as well as domestic needs of customers.

Based on Offering:

  • Hardware
    • Basic HMI
    • Advanced Panel-Based HMI
    • Advanced PC-Based HMI
    • Others
  • Software
    • On-Premise
    • Cloud-Based
  • Services

Of them all, Hardware is projected to acquire the highest market share in the coming years, primarily due to the extensive application of HMI devices across discrete end-users like automotive, aerospace & defense, packaging, medical devices, etc. Further, the demand for Advanced PC-Based HMI devices is significantly higher than other types due to the superior versatility & flexibility they offer. As software becomes more complex each day, enhanced innovations are required to make optimum use. Unlike conventional HMIs, Panel-PCs can locally store data & have high computing power, and, as a result, easily manage complex tasks. Moreover, they also offer real-time data acquisition and better visual representation of a control system. Backed by such aspects, the market is likely to expand in the forthcoming years.

Recent Developments in the India Human Machine Interface (HMI) Market

  • In October, 2022, Schneider Electric launched next-generation industrial technology in order to empower workers and aid industries to grow sustainably.
  • In August, 2022, Forbes India and CNBC-TV18 hosted the power-packed hybrid event ‘India Inc On the Move’ powered by Rockwell Automation. The aim was to acknowledge the advanced innovations adopted and contributions made by the manufacturing sector that transformed the industry into a technology-driven engine.

Market Dynamics

Possible Restraint: Lack of Standardization for Machine Design & Process Interface

The insufficiency of standardization for machine design & process interface has pushed the market downward in recent years. Further, the scarcity of skilled professionals and lack of technical know-how regarding HMI device usage are other factors impeding the market growth. Other than this, higher costs associated with the installation of HMI systems paired with risks of cyber security threats with cloud-based HMI devices are likely to hinder the market enlargement in the forecast period.

Growth Opportunities: The Emergence of Dynamic HMI for Electric Vehicles

In an attempt to enhance EV efficiency in terms of energy consumption and range distance, the Dynamic HMI for Electric Vehicles has been introduced. Because of its ability to adapt itself to system needs or users and changes dynamically based on the EV battery State of Charge or reachability of the desired endpoint, the interface has gained traction in recent years. HMI integration here primarily addresses range anxiety phenomena, the prime reason why users still prefer conventional vehicles with the internal combustion engine to EVs. Perhaps, it is why concept cars & EVs (Electric Vehicles) are emerging as remunerative opportunities for the market players in the coming years.

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the India Human Machine Interface (HMI) Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the India Human Machine Interface (HMI) Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the India Human Machine Interface (HMI) Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the India Human Machine Interface (HMI) Market study?

Frequently Asked Questions

A. The India Human Machine Interface (HMI) Market is projected to grow at a CAGR of around 8.50% during 2023-28.

A. Digitalization, HTML5, & Industrial Internet of Things (IIOT) enabling end-users to use new software programs hassle-free and optimally monitor equipment are the aspects driving the India Human Machine Interface (HMI) Market during 2023-28.

A. The top players in the 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, Titan Engineering & Automation Ltd. (TEAL).

A. Hardware is anticipated to emerge as an area of remunerative opportunities for the leading players in the India Human Machine Interface (HMI) Market during the forecast period.

A. The emergence of dynamic HMI for electric vehicles provide lucrative prospects for the market in the years ahead.

A. Lack of standardization for machine design & process interface is one of the restraints affecting the growth of the India Human Machine Interface (HMI) Market during 2023-28.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Executive Summary
  3. Impact of COVID-19 on India Human Machine Interface (HMI) Market Analysis
  4. India Human Machine Interface (HMI) Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Offering
        1. Hardware
          1. Basic HMI
          2. Advanced Panel-Based HMI
          3. Advanced PC-Based HMI
          4. Others
        2. Software
          1. On-Premise
          2. Cloud-Based
        3. Services
      2. By Configuration
        1. Embedded HMI
        2. Stand-Alone HMI
      3. By Technology
        1. Motion HMI
        2. Bionic HMI
        3. Tactical HMI
        4. Acoustic HMI
      4. By End-User
        1. Process Industry
          1. Oil & Gas
          2. Food & Beverages
          3. Pharmaceuticals
          4. Chemical
          5. Energy & Power
          6. Metal & Mining
          7. Water & Wastewater
          8. Others
        2. Discrete Industry
          1. Automotive
          2. Aerospace & Defense
          3. Packaging
          4. Medical Devices
          5. Semi-Conductors & Electronics
          6. Others
        3. Others
      5. By Competitor
        1. Competition Characteristics
        2. Market Share
        3. Competitor Alignment in Competition Metrix
  5. India Human Machine Interface (HMI) Market Analysis Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  6. India Human Machine Interface (HMI) Market Analysis Trends & Insights
  7. India Human Machine Interface (HMI) Market Analysis Hotspots & Opportunities
  8. India Human Machine Interface (HMI) Market Analysis Regulations
  9. Competitive Benchmarking
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Offering, Target Markets, Assets, Strategic Alliances or Partnerships, etc.)
      1. Schneider Electric India
      2. General Electricals Automation India
      3. Rockwell Automation
      4. Siemens
      5. Honeywell Automation India Ltd.
      6. ABB India Ltd.
      7. Voltas Ltd.
      8. L&T Electrical Automation
      9. Titan Engineering & Automation Ltd. (TEAL)
      10. Others
  10. Disclaimer
India Human Machine Interface Market Segmentation