Global Human Machine Interface Market to Expand at 10.40% CAGR Due to High Demand from Industrial Sector

Transparency Market Research (TMR) has published a research study on the global human machine interface (HMI) market, estimating it to register a CAGR of 10.40% during the period from 2013 to 2019 and reach a value of US$5,579.3 mn by the end of the forecast period.The market report, titled “Human Machine Interface Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019”, offers a comprehensive assessment of the global HMI market on the basis of significant market verticals.

According to this market report, the increasing automation in the industrial sector, coupled with the rising demand for mobility, is the key driving force behind the impressive growth of the global HMI market.Touchscreens, interface software, industrial PCs, and other controllers are the prime types of human machine interfaces available in the global arena. Among these, the interface software segment dominates the overall market at present and is anticipated to register the fastest growth over the forecast period, states the market study.

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The growing demand for application in data monitoring and controlling from various end-use industries is likely to drive this segment extensively in the coming years. Apart from this, the industrial PCs segment is also projected to exhibit a significant growth over the next few years, on account of rising automation in shop floor processes.

As per the research report, the automotive industry has emerged as the biggest consumer of HMI technology. Analysts expect HMI systems to witness a substantial surge in demand from the automotive industry as automakers are focusing on the expansion of their operations in order to meet the demand for automobiles. On the other hand, the oil and gas industry is projected to register the fastest rise during the forecast period, states the report.

The report distributed the global HMI market among North America, Asia Pacific, Europe, and the Rest of the World. North America has occupied the leading position among all the regional markets. The increased number of projects on automation and robotics has propelled the HMI market in this region over the past few years. In addition, the increasing GDP in this region is likely to boost the North America HMI market during the forecast period.

Browse the Market Research report at http://www.transparencymarketresearch.com/human-machine-interface.html

Analysts expect Asia Pacific to report the fastest growth over the forecast period. The rising automation in the production and processing industries in emerging economies such as South Korea, China, India, and Indonesia is the key factor driving the growth of HMI market in Asia Pacific, states the report.

The global market for human machine interface is highly competitive, says the research study. Some of the major participants in this market are Yokogawa Electric Corp., Siemens AG, Omron Corp., Mitsubishi Electric Corp., Invensys plc, Honeywell International Inc., General Electric Co., Emerson Electric Corp., Eaton Corp., BARTEC Top Holding GmbH, Beijer Electronics Inc., American Industrial Systems Inc., Atmel Corp., Advantech Co. Ltd., and ABB Ltd.

The global human machine interface market is segmented into:

By Product

Display Human Machine Interface
Resistive Touchscreen Human Machine Interface
Capacitive Touchscreen Human Machine Interface
Near-Field Imaging Touchscreen Human Machine Interface
Infrared and Dispersive Signal Touchscreen Human Machine Interface
Industrial PCs Human Machine Interface
Human Machine Interface I/O Devices
Human Machine Interface Storage Devices
Human Machine Interface Processors
Human Machine Interface Other Devices
Other Controllers Human Machine Interface
Human Machine Interface Software
Human Machine Interface Services

By Application

Automotive
Pharmaceutical and Healthcare
Oil and Gas
Packaging
Aerospace and Defense
Metals and Mining
Others

By Region

North America
Europe
Asia Pacific
Rest of the World

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.

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This release was published on openPR.