The HMI market was valued at U.S. $4.3 billion in 2020 and is expected to reach $5.6 billion by 2025, at a CAGR of 5.2% during the forecast period (ResearchandMarkets). Factors driving growth include the surging adoption of industrial automation in the manufacturing sector, the evolution of industrial internet of things (IIoT), growing demand for smart automation solutions and rising need for efficiency and monitoring in manufacturing plants.
Embedded HMIs are anticipated to capture the highest CAGR, as they offer an integrated environment that is much simpler and user-friendly, and helps in enhancing efficiency. Growing technological developments in manufacturing, increasing need for integrated systems, and ease in machine-to-machine communication are some reasons expected for adoption of this configuration.