Human Machine Interface Market is expected to reach $6.31 billion by 2022, owing to requirement of automation of complex industrial operations, improve productivity and efficiency.
Industrial processes have become
more complex due to increase in competition and need to have competitive edge
through product or service quality. Manufacturing industries are opting for
automation to reduce the complexity of the operation process and to make to it
cost effective. HMI software helps in industrial data management, integrated
engineering, industrial communication and industrial security. Fully integrated
automation has optimized the operation downtime, better performance due to
interoperability of system tested components. The challenge in the HMI software
and services marketplace is how suppliers can differentiate themselves and
continue to offer increasing value propositions to end users and OEMs,
especially in a slowing global economy. The market is extremely competitive and
demand is expected to grow as many users recognize the benefits of HMI
software.
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Market Synopsis of Human Machine Interface Market:
Integration of Bluetooth and
Wi-Fi in these products has improved device mobility, which is also anticipated
to propel the demand over the forecast period. Evolution of industrial Internet
of Things (IoT) has opened many opportunities. Advancement in technology will
improve the process cycle time, make the process energy efficient and will
provide data security. Smart HMI will give huge opportunities to the industries
and is expected to have a positive impact on the demand.
This market is segmented on the
basis of software type and verticals. On the basis of software type it is
segmented as HMI/client, software modules, and supervisory/server. On the basis
of verticals, it is segmented as manufacturing, automotive oil & gas
sector, and aerospace.
In manufacturing sector HMI helps
in simultaneous view of real-time and historical data, configuration, colours,
fonts, scales, limits, formats, grid lines and viewing orientation, and data
gathering from different sources on the same trend. Software features include
big picture views with drill down capabilities, ActiveX control and automation,
configurability of new charts with auto-scale and auto-band, annotation with
audit trail, and batch mode with time shifting to compare trends.
North America human machine
interface market is expected to emerge as a dominant segment owing to early
technology adoption. Further, the rise in a number of automation projects and
increase in the labour cost is expected to play a key role in driving the
regional demand over the forecast period.
Europe is expected to show
relatively slow growth rate owing to European economies facing downturn due
financial debt. The presence of major automotive industries such as BMW, Audi,
and Volkswagen has maintained slightly positive sentiment for the market. The
market is expected to show huge growth as and the economies revive.
Asia Pacific human machine
interface market is anticipated rapid growth owing to growing
industrialization. Additionally, availability of raw materials and low-cost
labour may also catalyse regional demand. Countries like India, China and Japan
are showing rapid economic growth which has increased the industrial automation
in these economies.
Major companies present in this
market are Advantech Co., Ltd., American Industrial Systems Inc., B-Scada,
Inc., Elektrobit Corporation, Interlink Electronics, Inc., Panasonic
Corporation, Schneider Electric Software, LLC, and Siemens AG
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Human Machine Interface:
Market Variables, Trends & Scope
Chapter 4 Human Machine Interface:
Product Estimates & Trend Analysis
Chapter 5 Human Machine Interface:
Application Estimates & Trend Analysis
Chapter 6 Human Machine Interface:
End-use Estimates & Trend Analysis
Chapter 7 Human Machine Interface:
Industrial End-use Estimates & Trend Analysis
Chapter 8 Human Machine Interface:
Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Human Machine
Interface: Manufacturers Company Profiles
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