Global Human Machine Interface Market worth 9.2 BN by 2026
Posted On February 10, 2020
The report by Value Market Research on the Global Human Machine Interface Market anticipates the market growth to reach CAGR of 9.6% during 2020-2026. The market was valued close to USD 4.8 BN in 2019 to is expected to reach USD 9.2 BN by 2026. The surging digitalization along with the arrival of HTML5 is the major factors driving the expansion of the market. HTML5 and IIOT enable end-users conveniently utilize software programs and enable optimal monitoring of machinery across industries. Additionally, due to developing technological needs, smartphones, tablets and computer users, the need for the human-machine interface is increasing. Adoption of mechanization in various end-user industries to improve operational efficiencies is a primary trend heightening the growth of the human-machine interface market. Companies are increasingly concentrating on producing customizable interfaces to build more lucrative alternatives in the market.
Human-machine interface (HMI) is used to optimize a process, by digitizing, where the operators can watch related information in various forms of graphs or chatbots. Currently, the increasing number of industrial applications and automation in the United States is expected to propel the utilization of human machine interfaces in the country, which is helping the industry to grow.
Human machine interface is a channel for data exchange between users and electromechanical networks. Rubber type keypad, phones with touch screen feature, interface software, etc., are some instances of human machine interface. With abrupt industrialization, the workload on physical labourers comes to be unmanageable. To deal with such scenarios Human Machine Interface (HMI) appears to assist and share a lot of work. Moreover, the emergence of devices in various daily-life activities also requires Human Machine Interface (HMI).
The report "Global Human Machine Interface Market Report By Product Hardware And Software), By Configuration (Embedded HMI And Standalone HMI), By Application (Automotive, Healthcare, Food & Beverages, Oil & Gas, Packaging, Aerospace & Defense, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026" begins with the market introduction, market snapshot followed by in-depth regional revenue/volume for the next six years. The report analyses the trends of the past years along with deeply studying the geo-political trends, thus authenticating the findings of the research, making it more reliable.
By Product the market is bifurcated into hardware and software in the report. Hardware holds the highest market share largest share. On the basis of configuration, the report is segmented into embedded HMI and standalone HMI. Standalone HMI dominated the market in the past years. By application the report covers oil and gas, automotive, aerospace and defence, chemicals, pharmaceutical, energy and power, building, metals and mine, food and beverage, packaging, medical device, and others. Oil and gas accounted for the largest market share.
Regionally, the report is segmented as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America dominates the global human machine interface market. In this section of the report the data related to all the segments are analysed as per regions.
The Report Segments Global Human Machine Interface Market -
- Embedded HMI
- Standalone HMI
- Oil And Gas
- Aerospace And Defense
- Energy And Power
- Metals And Mine
- Food And Beverage
- Medical Device
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
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.
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