Global Human Machine Interface Market to Top US$5,579.0 Million by 2019
Human Machine interface (HMI) is a technology used in the
industrial automation for instructing and managing large volume of data
application. Human Machine Interface (HMI) is defined as an interface between a
machine and operator. It helps in minimizing human involvement in the
manufacturing process. Hence enhance the productivity as well as safety of
operator. The global HMI market is projected to grow at a significant rate
through the forecasted period 2013 – 2019. High growth in industrial
automation, rising demand for mobility and efficiency and positive outlook of
manufacturing industries in Asia Pacific (APAC) region are expected to drive
the development of global human machine interface market.
Types of human machine interface include display or
touchscreens, interface software, industrial PC’s and other controllers.
Interface software is the largest and projected to be the fastest growing
segment. Rising demand for data monitoring and controlling applications in the
automation industries is estimated to drive the growth of HMI software and
services in the future. Moreover, industrial PC’s market is expected to cover
huge market share by 2019 owing to increasing automation in shop floor
operations.
In 2012, automotive industry was the largest end user
segment of HMI technology. The demand for HMI technology in automotive segment
is expected to see a significant growth as automotive manufacturers are
expanding their operations to meet the global demand for motor vehicle. The oil
and gas is expected to be the fastest growing application by 2019 owing to
rising production need of these commodities.
In 2012, North America accounted for the largest market
share in the overall HMI market. As the number of automation and robotics
project increases in last few year and global factory automation increased with
CAGR of 7% during 2003 – 2012. Additionally improvement from economic crisis
and increase in GDP are the factors for driving the HMI market in North America
region. Asia Pacific region is expected to be the fastest growing region during
the forecast period. The growth in APAC region is attributed to increase in
automation in both manufacturing and processing industries and growing
economies such as India, China, South Korea and Indonesia among others.
The global HMI technology comprises large number of players
and the market is highly competitive owing to established player. These players
accounted for majority of the market share in 2012. Some major players in the
global human machine interface market include Siemens AG, Rockwell Automation,
Mitsubishi Electric, Pro-Face, General Electric Corporation and several others.
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