The Human machine interface (HMI) market 2020 can record a decent CAGR of 9.1% from 2019 and 2025 (review period), expected to grow at approximately USD 6 Billion by 2025 reveals the Market Research Future (MRFR).
Surge in the adoption of industrial automation in the manufacturing industry is deemed to be one o the chief factors boosting the growth of the Human Machine Interface market. Rising integration of analytics software with various products to enhance the productivity as well as quality can also lead to more business growth in the near future. With the increasing deployment of innovative technologies like artificial vision offers HMI devices the ability to automatically carry out control, classification and measure functions.
Over the years, the HMI industry has noted a surge in technological advancements such as Light Emitting Diode or LED indicators, touchscreen and graphic oriented terminals and others. The surging integration of Wi-Fi and Bluetooth in these products has led to a higher device mobility, which can boost the market demand in the ensuing period.
Market Segmentation
The Human Machine Interface market segmentation includes component, product type, configuration type, type, technology and end-user.
- The components listed in the report are on-premise and cloud-based.
- Various product types studied in the report are hardware-independent, open-source software and proprietary software.
- Depending on the configuration type, the market segments include embedded HMI and proprietary stand-alone HMI.
- The types of Human Machine Interface are machine-level HMI and proprietary supervisory level HMI.
- Technology-wise market segments are acoustic, optical, tactile, motion and bionic.
- The main end-users in the market are energy and power, oil and gas, chemical, packaging, pharmaceutical, electronics, automotive, food and beverages, semiconductor, metals and mining, and aerospace and defense. The demand for Human Machine Interface is quite high in the pharmaceutical industry in conjunction with the rising adoption of automation.
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Prominent Contenders
Some of the prominent contenders in the Human Machine Interface market are National Instruments, Schneider Electric, Siemens, COPA-DATA, Beijer Electronics, B-Scada, Rockwell Automation, Inductive Automation, AdroIT Technologies, Brainchild Electronic, General Electric, Elipse Software, to name a few.
Regional Insight
The global Human Machine Interface market is geographically categorized as Europe, North America, Middle East & Africa (MEA) and Asia Pacific (APAC).
North America achieved the leading position in 2018, capturing a share of 33.32% of the global market. The market in the region has mushroomed quite significantly over the years, backed by the rising adoption of robots in various industries combined with the mounting demand for better communication in several industrial processes.
The human machine interface market in APAC can attain the fastest growth rate during the evaluation period, on account of the rising industrialization and the easy availability of raw materials as well as low-cost labor. The market demand is also catalyzed by the expansive manufacturing hubs in Japan and China, which produce a number of equipment used in the human interface machine. Likewise, the Indian manufacturing sector has grown considerably in the past decade, with the surge in the number of programs like ‘Make in India’ aiding in the growth, which favors the Human Machine Interface market as well.
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Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- Human Machine Interface Market Segmentation
- Human Machine Interface Market Landscape
- Vendor Matrix
- Company Profiles
- Business Overview
- Financial Data
- Product Landscape
More…
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Growing of Internet of Things (IoT) coupled with significant demand for vehicle automation will remain instrumental in driving the growth of automotive human machine interface systems market.
Sales of automotive human machine interface systems is also impacted by a number of macroeconomic and industry-specific factors including growing technological advancements with a refocus on sustainability and the ‘green movement’ albeit various regulatory directives for manufacturers of automotive human machine interface systems market.
However, the paradigm shift towards green technology will only impact the market moderately considering high development time for subsidiaries like charging points and efficient, affordable batteries.Speaking about the global automotive landscape, FactMR predicts that China will continue to remain a go-to destinations for various research and development activities, including pilot runs of products.
Although fragmented, China is likely to move towards market consolidation, giving an opportunity to local manufacturers and suppliers to emerge in market-leading positions.
Key companies are projected to set up R facilities in China.FactMR foresees that the demand for automotive human machine interface systems is projected to expand at a promising pace representing a sizeable CAGR in terms of value during the assessment period of 2017 to 2022.Soaring demand for in-car infotainment systems will translate into increased sales of automotive human machine interface systems by 2022.
Used for navigation, communication, and entertainment, infotainment systems uses human machine interface systems, connected through devices and software, to enable seamless human interaction with automated systems in vehicles.
Human Machine Interface Market report published by Value Market Research is an in-depth analysis of the market covering its size, share, value, growth and current trends for the period of 2019-2026 based on the historical data.
In addition, it also delivers detailed analysis of regional and country market.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the human machine interface market include Emerson Electric Corp., Honeywell International Inc., Rockwell Automation Inc., ABB Ltd, General Electric Co., Omron Corp., Siemens AG, Eaton Corp., Rittal GmbH & Co., WECON Technology Co. ltd., Interlink Electronics, Inc., Panasonic Corp and EAO AG.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Human Machine Interface Market Research Report" by requesting FREE Sample Copy at: https://www.valuemarketresearch.com/contact/human-machine-interface-market/download-sampleMarket DynamicsRising adoption of industrial automation equipment in the manufacturing sector is projected to raise demand for human-machine interface.
Moreover, integration of analytics software with products in order to improve the productivity and quality is further spurring the product demand.
However, high cost associated with the installment is likely to act as a challenge for the market.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
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