Global human Machine Interface (HMI) Market is likely to Cross $7.4 billion

The global human machine interface (HMI) market is likely to cross $7.4 billion, growing impressively at a CAGR of 9% during 2016−2022. Increased in industrial automation and incorporation of HMI in semiconductor fabrication plants and electrical and electronic assembling plants are driving the global market. While the bionic segment will have the largest revenue, the motion segment is expected to grow at a high rate. Despite rapid growth of software interfaces, hardware will be a dominating interface for the global human interface market. North America to dominate the market led by US.

View report: https://www.arizton.com/reports/industrial-market-analysis/human-machine-interface-market

Major vendors profiled in the report are as following:
• Schneider Electric
• Rockwell Automation
• Siemens
• Mitsubishi Electric
• Omron

Other vendors ABB, General Electric, Toshiba, Kontron, Honeywell, Panasonic, Bosch Rexroth, Eaton, Emerson, Yokogawa.

Continuous shift from WIMP-based GUI to Multi-touch GUI will drive the market growth

Internet of Things (IoT) is likely to change data capturing and handling dramatically, automated gesture recognition systems to gather significant interest, moderation and fundamental shifts in the wearables market, and virtualization and automation to majorly impact HMI development are among the latest trends that are going to boost the market growth during the forecast period. The report discusses the major trends and drivers, which are likely to shape the human machine interface market. A continuous shift from WIMP (Windows-Icon-Mouse-Pointer Based GUI) to Multi-Touch GUI, rise of augmented reality (AR) and immersive experiences, and overwhelming rise in global industrial automation expenditure are the key factors that are likely to drive the market.

Motion technology to post the highest growth rate of 10% during the forecast period.

Tactile, optical, and acoustic technologies together held 90.7% of the market share in 2016. The main driving factor of these technologies is that they provide effective public interface applications. The bionic technology will be the major revenue contributing segment of the global HMI market. Also, the motion technology will post the highest growth rate of more than 10% during the forecast period.

The analysts at Arizton expect that embedded configuration will have the dominance over the HMI market growing rapidly compared with the standalone segment. Similarly, the software interface will post a rapid growth rate during the forecast period but the hardware interface will remain the dominant segment in terms of revenue. In 2022, the automotive, chemicals and petrochemicals, and food and beverage manufacturing sectors will be the major end-users of the global HMI market.

North America to remain the largest market followed by Europe

The global HMI market, which is concentrated in four countries, constituting about half of the global market size, is China, Japan, Canada, and the US. The demand for HMI implementation in the North America region is driven by a high awareness of their advantages over conventional products, better product availability, and extensive reach of innovative products. The US is the world’s largest market for human machine interfaces, driven by a high degree of automation, better availability of range and awareness, followed by China. The HMI market in Europe is largely driven by the demand from key end-user industries in Germany, the UK, and France.

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Source: Arizton Advisory & Intelligence Reports

Click here: https://www.arizton.com/reports/industrial-market-analysis/human-machine-interface-market

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