- June 16, 2014
The world market for operator terminals was worth $2.32 billion in 2013, and will generate revenues of approximately $3.16 billion in 2018.
June 16, 2014 - The World market for operator terminals was worth $2.32 billion in 2013, according to a recently released report by IHS (The World Market for Operator Terminals – 2014 Edition). IHS further projects that the market will generate revenues of approximately $3.16 billion in 2018. Analyst, Alexandra Whiting, states; “a 6.4% revenue CAGR to 2018 is projected to be largely driven by increasing adoption of advanced graphical and portable operator terminals. Whilst revenues from older and more basic products, such as text-based operator terminals, are expected to decline.” “Sales of advanced terminals accounted for approximately 70% of global revenues in 2013. Operator terminals with high resolution (more than 256 colors), Ethernet connectivity, and mobility are typical requirements for today’s machine operators. This can be seen as a reflection of consumer smart devices. Whilst there is an associated price elevation with these features, the benefit outweighs the cost for many machine builders and end-users. Continually decreasing average selling prices are also serving to make higher-end technology more attainable, and reduce the objection of price sensitivity. Despite this, the markets for text-based and basic graphical operator terminals are far from going away. They provide a cost-effective alternative in particularly price sensitive markets such as China. Whilst the revenue growth of these technologies might be comparatively slow. They will still continue to serve as replacements to the current installed base for the foreseeable future and will be adopted with simple machinery that only requires a basic human interface.” Findings from the 2014 report also include:
- Siemens, Rockwell Automation and Mitsubishi Electric were estimated to be the top three global vendors in terms of revenue in 2013.
- The Americas is projected to have the fastest operator terminal revenue CAGR to 2018; largely driven by Mexico and Brazil.
- 7.0” and 10.0” display sizes for graphical terminals were highlighted as market sweet spots in 2013; this is expected to continue to 2018 as more emphasis is placed on widescreen terminals.
About IHS IHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today's business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs more than 8,000 people in 31 countries around the world.Learn More
Did you enjoy this great article?
Check out our free e-newsletters to read more great articles..Subscribe