India Human Machine Interface (HMI) Market to Witness 8.50% CAGR Boom Through 2024-30 – Latest MarkNtel Advisors Report

Market Overview: India Human Machine Interface (HMI) Market

MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the India Human Machine Interface (HMI) Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

India Human Machine Interface (HMI) Market Insights 2024-30

The India Human Machine Interface (HMI) Market is projected to grow at a CAGR of around 8.50% during the forecast period, i.e., 2024-30.

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Top Players in the India Human Machine Interface (HMI) Market:

• 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)
• Others

Segmentation Analysis of India Human Machine Interface (HMI) Market

India Human Machine Interface (HMI) Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-By End-User

• Process Industry
• Discrete Industry

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.

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-By Offering

• Hardware
• Software
• Services

-By Configuration

• Embedded HMI
• Stand-Alone HMI

-By Technology

• Motion HMI
• Bionic HMI
• Tactical HMI
• Acoustic HMI

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 18.50 diverse industrial verticals.

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