Human Machine Interface Market To Bolster And Reach USD 5.70 Billion by 2022

11-Sep-2018 | Zion Market Research

The major players active in human machine interface market are Honeywell International Inc., Emerson Electric Corp., ABB Ltd., Rockwell Automation Inc., Rittal GmbH & Co, General Electric Co., Interlink Electronics, Inc., WECON Technology Co. Ltd, EAO AG, Panasonic Corp., Siemens AG, Omron Corp., and Eaton Corp.

According to the analysts at Zion Market Research, global human machine interface market was capitalized at almost USD 3.43 Billion in 2016 and is likely to cross almost USD 5.70 Billion by end of 2022, developing at a CAGR of slightly more than 8.80% from 2017 to 2022.

Request Sample Request Customization Buy Now

This review is based on a report by Zion Market Research, titled “Human Machine Interface Market by Component (Hardware and Software) for Energy and Power, Oil and Gas, Healthcare, Automobiles, Aerospace and Defense and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016-2022”- Report at http://www.zionmarketresearch.com/report/human-machine-interface-market

Increasing Need For Reliable Hardware And Data Security To Power The Development Of Human Machine Interface Market In The Forecast Period

Increasing need for reliable hardware and data security paired with strong demand for efficient & reliable software & system are enforcing to fuel the growth of human machine interface market. Increasing requirement from various sectors such as oil & gas, manufacturing, healthcare, and aerospace & defense is offering traction to the human machine interface market. On the other hand, complex designing structure and high installation cost of HMI is hindering the development of global human machine interface market.

Global-Human-Machine-Interface-Market123.png

Roll Out Of IoT Is Altering The Manufacturing Factories, Thereby Fostering The Development Of Human Machine Interface Market

Nevertheless, technological advancements in HMI will be likely to power the requirement of human machine interface market. For example, voice recognition, improvements gesture recognition, touch screen modules, touchless sensing, augmented reality, and wearable technology are mounting productivity & safety in various sectors that is likely to fuel the growth of human machine interface market. Moreover, new HMI solutions are pre-configured to convey info to an on-premise solution or the cloud. Hence, the roll out of IoT is altering the manufacturing factories, thereby fostering the development of human machine interface market. Moreover, increasing M&A initiatives by market players are also responsible for the development of human machine interface market. For example, in July 2017, ABB concluded the acquirement of B&R, the biggest independent operator focusing on the open-architecture and software & product-based solutions for factory & machine automation universally, fostering the human machine interface market.

The global human machine interface market is segmented into the configuration type, component, region, and application. By component, the human machine interface market is divided into software and hardware. Hardware sector in human machine interface market will be likely to hold the biggest share in the coming years due to rising usage of various devices for discrete applications.

Based on configuration, the human machine interface market is divided into embedded HMI and stand-alone HMI. Based on application, the human machine interface market is bifurcated into oil and gas, energy and power, automobiles, healthcare, defense, aerospace, and others. Manufacturing sectors are powering the growth of human machine interface market owing to increasing requirement to elevate monitoring & efficiency of manufacturing plants.

The global human machine interface market is segmented as follows:

By Component

  • Hardware
  • Software

By Configuration

  • Stand-Alone HMI
  • Embedded HMI

By Application

  • Energy and Power
  • Oil and Gas
  • Healthcare
  • Automobiles
  • Aerospace and Defense
  • Others

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com

Download Brochure
Latest Published Reports

View All Published Reports