Human Machine Interface Market Expands at 6.13% CAGR from 2016 to 2020 due to High Demand from Various Industries


Published Date : May 23, 2016

ALBANY, New York, May 23, 2016 - MarketResearchReports.biz has announced the addition of a report, titled “Global Human Machine Interface Market 2016-2020” report to its database. The detailed report contains data about the current state of the global human machine interface market. It studies the opportunities and the potential challenges faced by the market. The report helps readers discover trends in the global human machine interface market and identify the strategic consolidations shaping it. According to the report, the human machine interface market across the globe is poised to expand at 6.13% CAGR during the period from 2016 to 2020, due to robust growth in the manufacturing industry.

Human machine interface (HMI) is a tool that helps humans and machines communicate. HMI systems are extensively used for plant automation, assisting operators interact with the automated systems, and understand the plant floor automation process. A human machine interface system controls, monitors, helps feed inputs, and also checks the parameters connected to the control system. HMI enhances operational efficiency and reduces the cost of operation.

According to the report, the human machine interface market is driven by the growth of the manufacturing industry coupled with the need to automate the various operations in an industry. Industrial automation is highly in demand as it brings about the management of large data sets. Human machine interface has found its application in the oil and gas, aerospace, healthcare, mining, food and beverages, and defense industries. The rising demand for better efficiency and higher speeds is fueling the market for human machine interface. On the other hand, high installation costs and inadequate HMI design will hamper the growth of the market.

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The global human machine interface market is segmented on the basis of type, end user, and geography. By type, the market is segmented into HMI hardware market and HMI software and services market. On the basis of end user, the market is segmented into packaging industry, pharmaceutical industry, metal manufacturing plants, utilities, and automotive industry. Geographically, the market is segmented into the Americas, Asia Pacific, Europe, and the Middle East and Africa.

The report profiles some of the leading operators in the human machine interface market. The study of key players gives readers a bird eye’s view of the challenges which they have overcome to remain ahead of their competitors, the strategies implemented by them, and also their recent developments. The key players studied in the report are: Siemens AG, Yokogawa Electric Corporation, Rockwell Automation Inc., Mitsubishi Electric Corp, Omron Corporation, Honeywell International Inc., Beijer Electronics Inc., Eaton Corporation, Advantech Co Ltd, and Atmel Corporation.

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