According to the research report, the global human machine interface (HMI) market is likely to progress at a CAGR of 12.5% during the forecast period from 2016 to 2024. The opportunity in the overall market is projected to reach US$11 bn by the end of 2024 from US$3.9 bn in 2015.
Albany, NY -- (SBWIRE) -- 01/22/2018 -- The increasing pressure to make manufacturing processes automated is the primary reason for the growth of the global human machine interface market. In addition, the application of human machine interface across industries is also projected to benefit the overall market in the coming few years.
Global Human Machine Interface Market: Overview
A human machine interface (HMI) is the connection point between a human (typically the machine operator) and a machine (typically an automated equipment). It is through an HMI device that a machine operator controls an automated machine. It typically comprises of a display device, keypad and a processor which together comprise the hardware, and a software system based on SCADA for process control, remote access to the equipment, and gathering real-time data. Increased level of adoption of automation technologies in manufacturing and production processes is one of the major factor driving the growth of the global HMI market. Additionally, rapid industrialization in emerging economies such as China, India, and Indonesia and rising number of factories incorporating smart technologies such as automation, data exchange and analytics are fuelling the growth of the global HMI market.
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Global Human Machine Interface Market: Segmentation
This research report provides an in-depth analysis of the global HMI market based on types, hardware, end-use industries, and geography. The global HMI market is categorized on the basis of types into hardware, software and services. The hardware segment is further sub-divided into display, processor/computer, others (indicator, joystick and keypad). Furthermore, the report provides complete insights into different HMI end-use industry through industry segmentation, which includes healthcare and pharmaceutical, automotive, manufacturing, oil & gas, packaging, food & beverage, defense & aerospace, metal and mining, others (retail and transportation). The report analyzes each of these segments for the various geographies considered under the scope of the study.
Global Human Machine Interface Market: Geographical Outlook
Based on geographical regions, the report segments the global HMI market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America, which are analyzed in terms of revenue generation. North America is further segmented into the U.S. and Rest of North America, while Europe is divided into the U.K., Germany, France, Spain, Italy and Rest of Europe. Asia Pacific is subdivided into China, India, Japan, Australasia, and Rest of Asia Pacific. Also, MEA is further segmented into South Africa, Saudi Arabia, and the UAE, while South America is subdivided into Brazil and Rest of South America.
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Global Human Machine Interface Market: Drivers and Trends
The report also provides an analysis of the factors that drive and restrain the growth of the HMI market. It discusses the prevailing market trends, prospective growth opportunities, and major strategies increasing the popularity of the global DCIM market. It provides market estimates and forecasts for all the segments in terms of revenue. Also provided in the report is the market share of key players and their revenue analysis in the HMI market. The report also provides industry developments, value chain analysis, and Porter's Five Force Analysis for the global DCIM market.
Key Players Mentioned in the Report are:
Major business strategies adopted by key players, their SWOT analysis, and competition matrix have also been identified in the research report. The key market players profiled in this study include Atmel Corporation, Siemens AG, Eaton Corporation, ABB Ltd., Honeywell International Inc., EAO AG, Bartec GmbH, Gefran SPA, General Electric Co., Rockwell Automation, Inc., Elektrobit Corporation, American Industrial Systems, Inc., Parker Hannifin Corporation, Advantech Co. Ltd., Beijer Electronics Inc., Emerson Electric Corporation, Schneider Electric SE, Yokogawa Electric Corporation, Danaher Corporation and Omron Corporation.
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Global HMI Market
Others (Indicator, Joystick and Keypad)
By End-use Industry
Healthcare and Pharmaceutical
Oil & Gas
Food & Beverage
Defense & Aerospace
Metal and Mining
Others (Retail and Transportation)
Middle East & Africa