Human Machine Interface Market Segmentation, Overview, Emerging Trends, Analysis and Forecasts 2018-2022

1. Human Machine Interface Market Segmentation, Growth, Emerging Trends, Analysis and Forecasts 2018-2022 “The global human machine interface market was valued at USD 3.23 billion in 2015 and is expected to reach USD 5.86 billion by 2022, at a CAGR of 9.0% during the forecast period. The base year used for this study is 2015, and the forecast period considered is from 2016 to 2022.” The Human Machine Interface (HMI) Market is expected to be worth USD 5.86 billion by 2022, growing at a CAGR of 9.0% between 2016 and 2022. The growth of this market is propelled by growing acceptance of industrial automation equipment in the manufacturing sector, evolution of industrial internet of things (IIoT) and increasing demand for smart automation solution, and growing need of efficiency and monitoring in the manufacturing plant. The hardware segment lead the global human machine interface market in terms of market share in 2015. Hardware segment includes basic HMI, advanced panel-based HMI, and advanced PC-based HMI. The market for advanced panel-based HMI is expected to witness a highest CAGR during the forecast period. Increasing demand of mobile HMIs is driving the growth of the advanced panel-based HMI market. In addition, the advanced panel- based HMIs have high demand in industries such as oil and gas, chemical, and energy and power, where critical operations are involved. The industries demand advanced solutions to enhance the visibility of production process. The market for embedded HMI solution is expected to hold a larger market size by 2022 owing to increasing adoption of the embedded HMI solutions in process industry. Embedded platforms enable easy communication between two machines and provide easy access to operators, and thus help operators in process industries to gain more process visibility. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=461

2. The discrete industry dominated the human machine interface market in 2015. Growing need for the monitoring and controlling solutions in automotive, packaging, and aerospace and defense industry is expected to drive this market growth. The automotive industry is expected to hold the largest size of the global HMI market for discrete industry between 2016 and 2022. Intensified operation of automotive manufacturing companies to cater the increasing demand for automobiles is expected to drive the demand of the HMI solutions in this industry. “Embedded HMI segment expected to grow at a higher rate during the forecast period” The market for embedded HMI solution is expected to grow at a higher CAGR during the forecast period. Growing technological developments, increasing need of integrated systems, and ease in machine-to-machine (M2M) communication are some of the prominent factors expected to encourage the adoption of embedded HMI solutions during the forecast period. “Market for cloud-based HMI to grow at the highest rate between 2016 and 2022” The cloud-based HMIs are gaining popularity owing to the growing IIoT market and increasing demand for new technology by end-user industries. Furthermore, the cloud-based HMIs are being increasingly adopted as it provides better visibility and competitive edge over others. In cloud-based HMI solutions, service and infrastructure are provided off-site through a third-party service provider or a vendor who runs the software and manages data over internet. It is very important to deal with complex HMI systems as major end-user industries are using intelligent machines, new connected devices, and latest technology monitoring systems. Cloud-based software is creating value for adopters because of the features such as ability to connect the experts to the data from remote locations, cost-effectiveness, and high storage capability. However, the safety and security concern is still a major challenge for the adoption of cloud-based HMI solution. Browse Full Research Report @ https://www.marketsandmarkets.com/Market- Reports/human-machine-interface-technology-market-461.html “North America expected to dominate the HMI market between 2016 and 2022” The HMI market in North America is primarily driven by the presence of a significant number of HMI solution providers and the growing high-end manufacturing activities in the region. In addition, the rising demand for embedded HMI solutions is expected to encourage the HMI market in North America. The R&D activities in the application areas of HMI are increasing owing to the encouraged adoption of IIoT and machine-to-machine communication (M2M) in various industries in this region. The major players involved in the HMI market include ABB Ltd. (Switzerland), Advantech Co., Ltd.

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