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Human Machine Interface Market by Offering and Software, Configuration Type - Global Forecast to 2022

Human Machine Interface Market: Global Forecast until 2022

  • January 2017
  • 176 pages
  • ID: 5213599
In this report:
Thus, shipment for advanced panel-based HMI segment is expected to be account for ##.## million units by 2022, growing at the highest CAGR of ##.##% during the forecast period.
The HMI market in APAC for food and beverages industry is expected to be worth USD ##.## million by 2022, growing at the highest CAGR of ##.##% during the forecast period owing to the growing economic activity in the region, rising disposable income supporting higher spending, changing lifestyles, and rising urbanization.


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Human Machine Interface market anticipated to exhibit significant increase potential between 2016 and 2022

The HMI market is anticipated to be valued at ~$5.9B by 2022, increasing at a compound annual growth rate (CAGR) of 9.00 percent between 2016 and 2022. The main driving factors for the increase ot the HMI market are growing adoption of industrial automation equipment in the manufacturing market, evolution of industrial internet of things and increasing demand for smart automation solution, and increasing need of efficiency and monitoring in the manufacturing plant. Nevertheless, high installation cost and complex designing structure of HMI are some of the top factors restraining the increase of the HMI market.

The industry for software segment forecasted to grow at the highest level rate during the estimate period

The HMI market for software offering is anticipated to rise at a higher rate during the outlook period. HMI software systems offer flexibility and reliability and also enhance efficiency of the production process, which is anticipated to growth the demand of HMI software during the estimate period.

Oil and gas anticipated to account for the most important share of the HMI market during the outlook period

The oil and gas sector is forecasted to hold the biggest size of the HMI market during the estimate period. Safety and reliability of the oil and gas plant is crucial for the management of entire plant. Therefore, the sector needs HMI solutions for ensuring the safety and operational efficiency of the oil and gas plants.

Asia-Pac forecasted to be the quickest developing market during the outlook period

The HMI market in Asia-Pacific is anticipated to grow at the maximal rate between 2016 and 2022. The main factors driving the HMI market in the Asia-Pacific regions are continuous advancements and technological innovations in various sectors, economic development in China (CN), Japan (JP), and India (IN), increasing infrastructure developments, and growing foreign investment in the area. Moreover, the emergence of China as the main manufacturing hub is growing the scope of HMI solutions in the territory.

Breakup of the profiles of primary members taking part for the study:

• By Company category: Tier 1 = 50.0 percent, Tier 2 = 30.0 percent, and Tier 3 = 20.0 percent

• By Description: C-suite executives = 70.0 percent, Directors = 20.0 percent, and Others = 10.0 percent

• By Area: North America (NA) = 40.0 percent, EU = 35.0 percent, Asia-Pac = 15.0 percent, and RoW = 10.0 percent

The top players in the HMI market contain ABB Ltd. (NYSE:ABB), Advantech Co., Limited, Emersion Electric Co., General Electric (NYSE:GE), Honeywell (NYSE:HON), Kontron AG, Mitsubishi Electric (TSE:6503), Rockwell Automation (NYSE:ROK), Schneider Electric (SU), Siemens (SIA), and Yokogawa Electric (TYO:6841).

Segment Research

The research report on the overall HMI market includes several segments, that is, offering, configuration type, end-user market, and territory. The market has been split on the basis of offering into hardware and software. On the basis of hardware, the industry is further subsegmented into basic HMI, advanced panel-based HMI, and advanced-PC based HMI.

Software segment is further subsegmented into cloud-based HMI and on-premise HMI On the basis of configuration type, the HMI market has been categorized into stand-alone HMI and embedded HMI. The report contains two types of markets, that is, process sectors and discrete markets. Futhermore, process sectors have been broken down into oil and gas, food and beverages, chemical, energy and power, metals and mining, pharmaceutical, and other markets which include pulp and paper and water and waste water. Discrete sectors include automotive, aerospace and defense, semiconductor and electronics, packaging, and medical devices. The analysis includes four main regions, that is, North America continent, Europe (EU), Asia Pacific (APAC), and Rest of the globe.

Main highlights

The market research includes figures of segmentation, review, and estimate for the sector established on offering, configuration type, end-user sector, and area.

Porter's five forces framework has been exploited along with the value chain study to offer a detailed insight into the HMI market.

The main drivers, market restraints, alternatives, and opportunities for the HMI market have been precised in this industry report.

An exhaustive competitive analysis includes top players, complete study, and market share of the main actors.

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