The human machine interface (HMI) market for manufacturing industry is projected to grow at a CAGR of 7.84% to reach US$2,711.321 million by 2024, from US$1,723.390 million in 2018. HMI devices allow for the rapid gathering of data and a centralized control system platform. The rapidly rising investments and projects towards the implementation of factory automation and streamlining of the manufacturing process are the prominent reasons driving the demand for HMI devices in the manufacturing industry. Furthermore, rising investments towards expansions and establishment of newer and advanced manufacturing outlets are also projected to boost the demand for HMI devices in the coming years.
The Human Machine Interface (HMI) Market for Manufacturing Industry – Forecasts from 2019 to 2024 is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by component, type, system, screen size, and geography.
The HMI market for manufacturing industry has been segmented based on component, type, system, screen size, and geography. By component, the market has been segmented on the basis of hardware and software. By type, the market has been segmented as touch-screen panels, PC-based HMI, and push-button and switches. By system, the market has been segmented as, standalone HMI devices, and distributed HMI devices. By screen size, the market has been segmented as between 1” and 9”, between 9.1” and 17”, and more than 17”.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa (MEA), and the Asia Pacific regions. The report also analyzes 16 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the HMI market for manufacturing industry have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the HMI market for manufacturing industry.
The HMI market for manufacturing industry has been segmented by component, type, system, screen size, and geography.
By Screen Size