Human Machine Interface Market is estimated to be US$ 11.54 billion by 2030 and is anticipated to register a CAGR of 9.8%.
The report "Human Machine Interface Market, By Offering (Hardware (Basic
HMI, Advanced PC-Based HMI, Advanced Panel-Based HMI) and Software (On-Premise
HMI and Cloud-Based HMI), By Configuration Type (Stand-Alone HMI and Embedded
HMI), By End User (Process Industries and Discrete Industries) and By Region
(North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Global
Forecast to 2029".
The Human
Machine Interface Market size is projected to grow from US$ 3.85
billion in 2018 to US$ 9.48 billion by 2028. The global human machine interface
market is expected to register lucrative growth over the forecast period. This
is attributed growing need for monitoring of production and responding to the
changing demands through enhanced diagnostics is expected to drive the human
machine interface market.
Furthermore,
development in wireless technology have open-up a new avenues for the human
machine interface market. Moreover, the technologies like DCS, PLC, SCADA, HMI,
and MES, automation equipment has also developed to perform more complex
actions at the low operating cost.
Additionally,
difficulties in accessing information about remote locations, both physically
and virtually makes various task even more tough, hence there is a need for
remote automation, real-time control, monitoring and remote diagnosis of all
the equipment and process generates a huge demand for human machine interface
market.
Key Highlights:
·
In
June 2017, GE launched new solutions purpose built for industrial assets. GE
digital launched an integrated solution to deliver the industrial service model
of the future to reduce cost and eliminate unplanned downtime.
·
In
July 2017, ABB completed the acquisition of B&R, which is focused on the
product and software-based, open architecture solutions for machine and factory
automation worldwide.
Key Market
Insights from the report:
The
global human machine interface market accounted for US$ 3.85 billion in 2018
and is projected to register a lucrative CAGR of 9.08% over the forecast
period. The market report has been segmented on the basis of offering,
configuration type, end user and region.
By offering the global human
machine interface market is segmented into hardware and software. The hardware
segment is further sub segmented into basic HMI, Advanced PC-based HMI, and
Advanced Panel-Based HMI. Further, the software segment is sub-segmented into
on-premise HMI and Cloud-based HMI.
·
By
configuration type the global human machine interface market is segmented into
stand-alone HMI and Embedded HMI.
·
On
basis of End User the global human machine interface market is segmented into
process industries, and discrete industries. . The process industries is sub
segmented into oil and gas, energy and power, food and beverages, chemical,
metals and mining, pharmaceutical and Others. Whereas, the discrete industries
are further segmented into aerospace and defence, automotive, packaging,
semiconductor and electronics, and medical devices.
·
By
region, North America linear motors market accounted for major revenue share of
the global human machine interfaces market and is further anticipated to
maintain its dominance over the forecast period. The market in Europe accounted
for second-highest revenue share in 2018.
To
know the upcoming trends and insights prevalent in this market, click the link
below:
https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/259
The prominent
player operating in the global human machine interface market includes Rockwell
Automation Inc., Schneider Electric SE, Mitsubishi Electric Corporation, GE,
Eaton, ABB, Honeywell, Siemens, Omron, and Emerson Electric.
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