Transparency Market Research has published a new report titled "Human Machine Interface Market (HMI) (Display/Touch screen, Interface software, Industrial PCs and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019" to its report store.
Albany, NY -- (SBWIRE) -- 11/12/2014 -- A human machine interface (HMI) is a graphical interface that allows humans and machines to interact with one another. With rapid industrialization across the world, the level of interaction of the machines has risen exponentially.
A human machine interface system is more like an interface between the device and a user. It is a new computing technology rapidly changing the global industry and replacing primitive technology systems with new ones. This technology can increase productivity through centralized control center in an excessively user-friendly way.
Browse Full Human Machine Interface Market Research Report With Complete TOC
Market Analysis – By Application
Human machine interface market plays a vital role in industrial automation applications. It enables efficient operation and monitoring skills in essential automotive production devices. Worldwide manufacturers are increasing their demand for motor vehicles due to which the rise in demand for HMI technologies in the automotive segment has increased. This market is expected to witness an inclining growth and dominate throughout the forecast period.
Another key factor driving the market is the high growth of software services suitable for each application, the demand for enhanced efficiency, and increasing need for data security and reliable hardware.
HMI is mostly considered to be found among electronic interfaces such as industrial computers, office equipment, MP3 players, and other household appliances. Everything from the screen on a smartphone, to automotive equipment, to industrial computers, HMI is implemented everywhere. Even so with its presence in a variety of applications, HMI is much more specific to industry-based process control systems and manufacturing equipment that provides a visual representation of a control system and real time data acquisition. It is mainly found in industry areas like automotive, metal, oil and gas, and mining industries to accomplish various production needs.
Browse Pressrelease of Human Machine Interface Market Report
One of the major factors contributing to the growth of this market is the increasing demand for mobility to access data from multiple locations for real time monitoring of machinery.
According to a leading U.S. based market firm’s market study on the human machine interface market (HMI) (Display/Touch screen, Interface software, Industrial PCs and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019, the global market is expected to reach a value of USD 5,579.3 million by 2019, at a CAGR of 10.4% from 2013 to 2019.
Product Based Segmentation of Human Machine Interface (HMI)
Considering the human machine interface market based on product categorization, HMI is classified into a variety of products such as interface software, touchscreens or displays, industrial PC's and controllers. Among the mentioned, interface software segment is the largest sector, estimated to be the fastest growing product type in the market. In 2012, this sector accounted for more than 41.0% of the market share of total HMI market in 2012. Furthermore, the automobiles industry is observing growing demand for data monitoring and controlling applications. It is estimated to propel the HMI software and services segment in near future.
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Industry-best market reports geographically show America, Europe, Asia-Pacific, and the Rest of the World (ROW) as the most active regions in the human machine interface market. It is observed that North America is presently the leader in the overall HMI market, followed by Europe and Asia Pacific region. APAC is expected to be the fastest growing segment with a CAGR of 12.9% in the forecast period. The higher CAGR of APAC is primarily due to the increase in automation industries and fast growing economy.
Indeed, the global human machine interface market is growing in terms of popularity and large number of market players. The market poses to be highly competitive in terms of revenues and market shares. In 2012, some of the renowned players accounted for more than 50% of the overall market shares. A few names include Mitsubishi Electric, Pro-Face, Siemens AG, Omron, General Electric Corporation, Rockwell Automation, and many others.
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