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Human Machine Interface (HMI) Market to Reach US$5,579.3 Million by 2019

Posted on Aug 05, 2015

Transparency Market Research (TMR) has recently published a market study on the global human machine interface (HMI) market, estimating the overall value of this market to reach US$5,579.3 by 2019, expanding at a CAGR of 10.4% during the period from 2013 to 2019.The research report, titled “Human Machine Interface Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019”, presents a comprehensive analysis of the global HMI market, taking the growth drivers, restraints, and upcoming opportunities into account. The performance of each segment and the dynamics of every regional market are discussed at length in this report.

 

Browse the full Human Machine Interface Market (HMI) (Display/Touch screen, Interface software, Industrial PCs and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at http://www.transparencymarketresearch.com/human-machine-interface.html

 

According to this report, the high rate of development in industrial automation, increasing demand for mobility and efficacy, and rising investment from several manufacturing industries are the key growth drivers of the global HMI market. On the other hand, the dearth of HMI designs and high cost associated with the installation of HMIs are restricting the market.Touchscreens or displays, industrial PCs, interface software, and various other controllers are the main types of human machine interface. Among these, the market for interface software leads the global HMI market at present. Analysts project this market to report the fastest growth during the forecast period. However, the industrial PC market is likely to expand significantly by 2019 on account of the rising automation in various shop floor operations, as per the report.

 

                          

The automotive industry stood at the top position in 2012 among all the end-use industries. The demand for HMI in this industry is likely to witness a remarkable increase as automobile manufacturers are focusing on expanding their operations to cover the global demand for automobiles. The oil and gas segment is projected report the fastest growth among all the application segments by 2019.In 2012, the HMI market in North America acquired the leading position in the global market, owing to the recovering economy and the increment in GDP in this region, states the report.Apart from this, the HMI market in Asia Pacific is projected to report the fastest growth rate over the forecast period. The development of the market in the Asia Pacific region is attributed to the rise of automation in both manufacturing and processing markets and growth of emerging economies such as China, India, Indonesia, and South Korea.

 

The report also profiles the major companies operational in the global HMI market and provides the competitive landscape and hierarchy present in the market.ABB Ltd., Atmel Corp., Advantech Co. Ltd., American Industrial Systems Inc., BARTEC Top Holding GmbH, Beijer Electronics Inc., Eaton Corp., General Electric Co., Emerson Electric Corp., Honeywell International Inc., Mitsubishi Electric Corp., Invensys plc, Omron Corp., Siemens AG, Rockwell Automation Inc., and Yokogawa Electric Corp. are the key participants operating in the HMI market across the globe.

 

The global human machine interface market is segmented into:

 

By Regions

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

 

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

 

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