MarketsandMarkets Presents Human Machine Interface (HMI) Market worth $4,050.0 Million by 2017 http://www.marketsandmarkets.com/Market-Reports/human-machine-interface-technology-market-461.html
According to a new market research report, “Human Machine Interface (HMI) Market Global Forecast & Analysis (2012 -2017), By Product Type (Display Terminals, Industrial PC, Interface Software, Other Controls), Application & Geography”, the total market is expected to reach $4050.00 million by 2017, at a CAGR of 10.13% from 2012 to 2017. • Browse >> • 136 market data tables • 19 figures • 269 pages and In-depth TOC on “Human Machine Interface Market” • Early buyers will receive 10% customization of this report. • http://www.marketsandmarkets.com/Market-Reports/energy-efficient-motor-163.html
The HMI Market is expected to grow at a healthy rate owing to increasing need for controls in the automation industry. Revenues in ‘Discrete’ applications is growing at a faster rate compared to process applications primarily due to growing automotives, metals & mining, and packaging industry applications in APAC and ROW regions. Interface software is growing at an impressive rate as compared to display terminals and industrial PCs. HMI market in the APAC region is expected to grow at a higher CAGR in the next five years owing to high investment in this region by the automation providers. The report segregates the overall market for Human Machine Interface (HMI) systems into products, applications, and geography. The products are segmented into display terminals, industrial PCs, and interface software. The report illustrates revenue shares of different industrial applications of HMI- discrete: automotive, metal & mining, packaging, and aerospace & defense; and process: food & beverage, healthcare, and oil & gas industries. The geography covers Americas, Europe, APAC, and ROW. In this report, the market size is forecasted using both bottoms-up and top-down approaches. The report presents the drivers, restraints and opportunities that shape the present and future market of HMI.
Due to growing technological needs, factory automation is increasingly in use in all the industries and hence the demand or need for HMI is also increasing. HMI market for discrete applications is growing at a higher rate as compared to process applications owing to growth of automotive, metal & mining, packaging and aviation industries. The other key factors driving the HMI market include demand for enhanced efficiency, high growth of software services suitable for each applications and increasing need for data security and reliable hardware. The overall HMI market is estimated to be worth $2.50 billion in 2012 and expected to reach $4.05 billion in 2017 at a CAGR of 10.13% from 2012 to 2017. Currently Americas commands the largest share in the global HMI market followed by Europe and APAC. It is observed that APAC is growing at a higher CAGR and is expected to have the largest market share i.e. 28% of the total HMI market by 2017. The higher CAGR of APAC is primarily due to its fast growing economy and increased significance for automation industries. Human Machine Interface (HMI), as the name describes, is an interface between operator and a machine. The level of interaction with the machines has increased exponentially.
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