Global Human Machine Interface Market Size Report zionmarketresearch.com
The global Human Machine Interface market accounted for USD 4.2 Billion in 2020 and is expected to reach USD 8.6 Billion by 2028, growing at a CAGR of around 9.1% between 2021 and 2028.
Human machine interface (HMI) is a medium for information exchange among the users and electromechanical systems. Rubber keypad, touch screen, interface software, and membrane switches are some examples of HMI. Due to growth in factory automation; smartphone, tablets and computer users; technological needs the demand for human machine interface is increasing.
Increasing need for reliable hardware and data security paired with strong demand for efficient & reliable software & system are enforcing to fuel the growth of human machine interface market. Increasing requirement from various sectors such as oil & gas, manufacturing, healthcare, and aerospace & defence is offering traction to the human machine interface market.
On the other hand, complex designing structure and high installation cost of HMI is hindering the development of global human machine interface market.
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