The global touch screen human-machine interface (HMI) market size reached 1665.68 million USD in 2020 and is expected to reach 3019.95 million USD in 2027, at a compound annual growth rate (CAGR) of 9.1%.
At the regional level, the Chinese market has been changing rapidly in the past few years, with a market size of USD 291.21 million in 2020, accounting for about 17% of the global market, and is expected to reach USD 649.89 million in 2027, when the global share will exceed 21%.
China's industrial automation technology is mainly developed gradually based on the introduction, digestion, absorption and reinvention of international advanced technology by combining the application requirements of China's equipment manufacturing industry. China's industrial automation technology development process is relatively short, the research and development base is relatively weak, and there is still a gap between the maturity of technology and international advanced technology. However, in recent years, the level of industrial automation technology in China has been rapidly improving, and the gap between products and technology and international advanced technology has been narrowing. The application and popularization of modern industrial automation technology will significantly improve the overall production efficiency of society, and will also accelerate the optimization and upgrading of traditional industrial structures. With the continuous development of control engineering, ergonomics, computer software, embedded software, electronics, power electronics, motors, mechatronics, network communications and other disciplines, intelligence, miniaturization, networking, platform, integration will become the main direction of industrial automation technology development. Among them, the industrial human-machine interface is gradually developing in the direction of intelligence and networking, and the increase of interface, wireless communication, intelligent analysis and other functions as well as the improvement of processing speed is the future direction of technical development. Servo system with new power semiconductor devices, high-performance digital signal processor and servo-specific modules are widely used, servo drive software algorithms continue to progress, high speed, high precision, high performance, high efficiency, integration, networking, modular design, etc. become the technical development direction of the servo system.
The industry generally believes that the transformation and upgrading of traditional industries in terms of intelligence, digitalization and informatization is the main driving force behind the growth of the HMI market. HMI has a significant role in converting information forms, providing system control and promoting human-machine communication. As the main force of information interaction in automation, it not only improves the efficiency and quality of production, but also enhances the user experience.
However, although the demand and prospects for human-machine interface are promising, there are still certain problems in our industry market from the perspective of global development. Countries such as Europe and the United States started to develop HMI as early as the 1980s, while China started only after 2000, so there are gaps in product technology, performance and stability, and the market is monopolized by companies in Europe, the United States, Japan and other regions. In other words, due to the differences in technology, products and brand influence, although China has the world's largest HMI demand market, it has never been the world's largest HMI sales market. This means that the development of HMI in China is still at the low end, and the domestic business development structure and industry chain have shifted significantly, which is not conducive to the long-term development of the domestic market in the future. The good news is that the strong support of the current domestic industrial policy, the release of demand brought about by the increase in labor costs, and the continuous expansion of product applications under the trend of intelligent transformation have brought favorable opportunities for the development of HMI in China. Under this opportunity, Chinese enterprises focus on products and technology, accelerate independent research and development and innovation development, and are continuously narrowing the relevant gap with foreign enterprises.
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