- October 15, 2015
- Transparency Market Research
The global human machine interface (HMI) market is expected to expand at a steady CAGR of 10.4% from 2013 to 2019 and reach a value of US$5,579.3 million.
The global human machine interface (HMI) market is expected to expand at a steady CAGR of 10.4% from 2013 to 2019 and reach a value of US$5,579.3 million. Human machine interface, or HMI as it is commonly known, is a technology that is used for industrial automation to manage large volumes of data application. A human machine interface is an electronic interface between users and devices. HMIs help reduce human involvement in the manufacturing process and thus improves the productivity and ensures the safety of the operator. HMI is a part of all processing and manufacturing control systems. Human machine interfaces are used to convey real-time data and involve the use of an interface system where data is activated through visual representation.
Need for Efficiency and Monitoring Driving Global Market for Human Machine Interfaces
Augmented industrial automation, need for high efficiency, and optimistic outlook of Asia Pacific manufacturing industries is anticipated to develop the human machine interface market. HMI is transforming the industry owing to its capability to ably monitor and bring about heightened efficiency in operations in production devices. Globally, HMIs are replacing legacy systems in numerous companies and the market for the same is witnessing double-digit growth.
Accessibility of Real-Time Data from Multiple Locations Drives Market
Factors such as high development of software services suited to each application and heightened need for dependable hardware and data security are propelling the market for HMI. The increased demand in developing nations is also boosting the human machine interface (HMI) market. Another factor that drives the human machine interface (HMI) market is the amplified demand for accessing data from various locations to monitor machines in real time However, high installation costs and inadequate HMI design are restraining factors for the HMI market.
Automotive Industry has Largest Market Share due to Rise in Demand for Motor Vehicles
The automotive industry contributed to 15.9% of the human machine interface (HMI) market in 2012. The growth of HMI in the automotive sector can be attributed to the intensified operations of manufacturing companies to cater to the rising demand for motor vehicles. This category of the human machine interface (HMI) market is expected to continue its expansion during the coming years. On the basis of product type, the human machine interface (HMI) market is segmented into display and touch screens, industrial PCs, interface software, and other controllers. In the product-based segmentation, the interface software segment is foreseen as the fastest growing product type during the coming years, and had the largest share in 2012, holding more than 41.0% of the human machine interface (HMI) market.
By geography, North America had the largest share due to automation and robotic project expansion, steady economic recovery, and increase in GDP. Asia Pacific is foreseen as the fastest growing region over the coming years and this progress is due to increase in automation in the processing and manufacturing industries in emerging economies such as Indonesia, South Korea, India, and China.Some of the key players in the global human machine interface market are Siemens AG, Mitsubishi Electric, Pro-Face, Omron, Rockwell Automation, General Electric Corporation, and several others.
Browse Full Global Human Machine Interface Market Research Report With Complete TOC @ http://www.transparencymarketresearch.com/human-machine-interface.htmlLearn More
Did you enjoy this great article?
Check out our free e-newsletters to read more great articles..Subscribe