Sarasota, FL, Aug. 09, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Human Machine Interface Market by Component (Hardware and Software) for Energy and Power, Oil and Gas, Healthcare, Automobiles, Aerospace and Defense and Other Application: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016-2022”. According to the report, global human machine interface market was valued at around USD 3.43 billion in 2016 and is expected to reach approximately USD 5.70 billion by 2022, growing at a CAGR of slightly above 8.80% between 2017 and 2022.
Human Machine Interface (HMI) comprises of hardware and software solutions that can range from input buttons of a phone to control panels used in complex industrial machinery. HMI represents a platform for communication and information exchange between electromagnetic systems and users. The modern human machine interfaces solutions capture, convey and control information flow from factory to operate in the client’s enterprise ecosystem. Technological advancement in HMI solution resulted in significant customization, scalability, portability across multiple platforms.
Browse through 18 Market Tables and 27 Figures spread through 110 Pages and in-depth TOC on "Global Human Machine Interface Market: By Size, Type, Application, Segments & Forecast 2016 – 2022”.
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Rising need for data security and reliable hardware along with robust demand for reliable and efficient system and software are enforcing to fuel the demand of HMI market. Rising demand from different industries such as manufacturing, oil & gas, aerospace & defense, healthcare is giving traction to the HMI market. However, high installation cost and complex designing structure of HMI is restraining the growth of global human machine interface market growth. Nonetheless, technological development in HMI will be expected to impel the demand of HMI market. For instance, improvements gesture recognition, voice recognition, touchless sensing, touch screen modules, wearable technology and augmented reality are increasing safety, productivity in several industries which is expected to spur the demand of HMI market. In addition, traditional HMI solution was stand-alone, isolated terminals that were deployed by an OEM as part of a machine. New HMI solutions are either pre-configured to send data to the cloud or an on-premise solution. Thus the introduction of IoT is changing manufacturing plants. More customers are expecting industrial HMIs to work like their cell phones in the way they interact with them. This is driving a big change in HMI market.
The global human machine interface segmented into the component, configuration type, application, and region. By component, the market is segmented into hardware and software. Hardware segment will be expected to hold the largest share in next five years due to increase usage of different devices for discrete applications.
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By configuration type, the HMI market is bifurcated into stand-alone HMI and embedded HMI. On the basis of application, the market is divided into energy and power, oil and gas, healthcare, automobiles, aerospace and defense and others. Manufacturing industries are impelling the growth of this market due to growing need to increase efficiency and monitoring manufacturing plants.
By region, the human machine interface market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East& Africa. North America is the largest market for motion sensor and estimated to retain its dominance over the estimated period. Increasing investment in industrial automation, rising security data concerns, growing demand for technologically advanced HMI solutions and stringent energy efficiency regulations are propelling the demand of HMI market in North America. Growing applications of HMI systems in different industries is driving the growth of HMI market in Europe, especially in automotive industry. The rise of the autonomous driving trend is to use a vehicle human machine interface which provides a large volume of information generated by self-driving vehicles quickly and seamlessly enough to earn a driver's trust.
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The Asia Pacific market for the touch based HMIs is forecast to witness a high rate of adaptation compared to other regions due to rapid industrialization in economically emerging countries such as China, Japan, and India. Increasing automation of process monitoring and control in China and India are expected to spur demand in this region. Economically developing countries are speculated to make huge investments in the automation sector in coming years to equip their manufacturing and industrial plants with automated solutions. Japan being one of the technologically advanced nations is a significant market for touch screen HMIs and is currently using these devices across all sorts of industry verticals at a higher scale.
Latin America and Middle East & Africa are expected considerable growth over the forecast period. HMI development in automotive industry is mainly driving the growth of HMI market in Middle East & Africa. Technologies and features developed by automakers and suppliers have heavily focused on designing interfaces that users can understand quickly and operate efficiently. The multi modal interface concept is a major growth driver in building new and innovative HMI platforms.
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The major players operating in HMI market are Emerson Electric Corp., Honeywell International Inc., Rockwell Automation Inc., ABB Ltd., General Electric Co., Rittal GmbH & Co, WECON Technology Co. Ltd, Interlink Electronics, Inc., Panasonic Corp., EAO AG, Omron Corp., Siemens AG, and Eaton Corp.
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The report segments global human machine interface market as follows:
Global Human Machine Interface Sensors Market: Component Segment Analysis
- Hardware
- Software
Global Human Machine Interface Market: Configuration Type Segment Analysis
- Stand-Alone HMI
- Embedded HMI
Global Human Machine Interface Market: Application Segment Analysis
- Energy and Power
- Oil and Gas
- Healthcare
- Automobiles
- Aerospace and Defense
- Others
Global Human Machine Interface Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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