Growing need to ensure workplace safety and productivity is compelling industrial manufacturers to use HMI solutions.  In addition, need for flexible access to information in real time and remote diagnosis of processes and machineries to drive market demand for HMI panel systems globally. Revival of the industrial manufacturing sector post bleak economic conditions prevalent during economic recession. The rising trend towards precise engineering and complete automation in manufacturing units has been a massive boost to the market growth.

The overall HMI market is highly driven by the rising expenditure and adoption of industrial automation solutions across different verticals. With the rising competition across the industrial manufacturing sector, it has become essential for the manufacturers to reduce overheads and raise efficiency. Industrial factory and control automation devices are used for reducing the human intervention in the manufacturing processes. This minimizes the labor and production costs, which, in turn helps in increasing the output of production. Human machine interface (HMI) is the most important part of industrial automation to improve industrial controls.

Over the past few years, significant level of automation has been observed across manufacturing and process industries including automotive, petrochemicals, pharmaceuticals, mining, packaging, energy, oil &gas and several others. Due to increasing market competition, manufacturers are now more inclined towards technologies capable of increasing the overall productivity and reducing operational costs. As human machine interface (HMI) provides realistic views of the plant, industries across the world are rapidly replacing their tradition control process with this more realistic and advanced interface solutions. The HMI display panels market is predicted to reach US$ 3.5 Bn by 2025, with growing industrial automation and competition among manufacturing industries across the world.

This study on “HMI Display Panels Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2025” highlights key growth opportunities in the global HMI industry market.

The research study on “HMI display panels Market” includes following qualitative as well as quantitative information related to market.

Qualitative information covered in the research study HMI display panels market:

• Trends in the HMI and HMI panels industry
• Market drivers and challenges in the global market
• Comprehensive value chain analysis of HMI display manufacturing industry
• Attractive investment analysis for the industry players
• Market positioning and market competition analysis for the global HMI display panel industry
• Regional as well as country level analysis for HMI display panels market
• In-depth analysis of different type of HMI display panels
• Comparative analysis of different product categories and regional markets
• Company profiles of leading manufacturers in the global HMI display panels industry including following information:
  • Contact Details
  • Financial Information
  • Business Strategies
  • Recent Development
  • Product Portfolio Related to HMI display panels Market

Quantitative Analysis:

Market Estimates of the HMI display panels market for the period 2015 – 2025 which include historical market size for 2015 and 2016, market forecast for the period 2017 – 2025.

• The report includes market estimates in terms of both revenue (US$ Mn) and volume in unit shipments (Thousand Units)
• Report includes market estimates in terms of both revenue and volume
• Market estimates for global, regional and country specific markets for the period 2015 – 2025
• Market estimates for each product category for the period 2015 – 2025, at global, regional and country level
• The global HMI display panels market is segmented into basic panels, advanced panel, industrial panel PCs and HMI monitors.

In terms of unit shipments, basic HMI panels accounted for the largest volume share. Basic HMI panels offer a variety of functionality and user-friendly system for industries and organizations. This type of HMI is generally used by the industries who are more focused on cost-driven and small OEM-related projects. Basic HMI panels are used for simple applications with the limited capability of processing. Basic panel HMI offers features such as high power resolution and better display quality, fast and intuitive operation and a good price-performance ratio. In addition, basic HMI panels can be easily integrated with modern day industrial machinery and relatively less complicated in terms of installations. With rising need of integrated machinery small and medium scale industries are preferring basic HMI panels for their interfacing solutions. This is expected to fuel the demand for basic HMI panels through the forecast period 2017 – 2025.

In 2015, North America accounted for the largest revenue as well as volume shares in followed by Europe and Asia Pacific. However, Asia Pacific expected to witness the fastest growth through the forecast period 2017 - 2025 to become the largest regional market. Major countries in Asia Pacific include China, Japan, Australia, India, Indonesia, Singapore and Malaysia among others. Asia-Pacific represents the fastest growing regional market for HMI technologies and is expected to become largest regional market at the end of the forecast period. Growing industrialization is the primary factor responsible for the industrial automation. Manufacturers from developed regions are expanding their presence in this region due to gain advantage of low manufacturing and labor costs. Majority of growth in this market is expected from growing automotive industry particularly in India and China.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of HMI Display Panels market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the HMI Display Panels market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of HMI Display Panels market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the HMI Display Panels market?
• Which is the largest regional market for HMI Display Panels market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving HMI Display Panels market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the HMI Display Panels market worldwide?