COVID-19 Impact on Human machine interface (HMI) Market 2020 Growth But Future Outlook Remains Positive with Rising Demand, Recent Opportunities and Global Demand
The Human machine interface (HMI) market 2020 can record a decent CAGR of 9.1% from 2019 and 2025 (review period), expected to grow at approximately USD 6 Billion by 2025 reveals the Market Research Future (MRFR).
Surge in the adoption of industrial automation in the manufacturing industry is deemed to be one o the chief factors boosting the growth of the Human Machine Interface market. Rising integration of analytics software with various products to enhance the productivity as well as quality can also lead to more business growth in the near future. With the increasing deployment of innovative technologies like artificial vision offers HMI devices the ability to automatically carry out control, classification and measure functions.
Market Segmentation
The Human Machine Interface market segmentation includes component, product type, configuration type, type, technology and end-user.
The components listed in the report are on-premise and cloud-based.
Various product types studied in the report are hardware-independent, open-source software and proprietary software.
Depending on the configuration type, the market segments include embedded HMI and proprietary stand-alone HMI.
The types of Human Machine Interface are machine-level HMI and proprietary supervisory level HMI.
Technology-wise market segments are acoustic, optical, tactile, motion and bionic.
The main end-users in the market are energy and power, oil and gas, chemical, packaging, pharmaceutical, electronics, automotive, food and beverages, semiconductor, metals and mining, and aerospace and defense. The demand for Human Machine Interface is quite high in the pharmaceutical industry in conjunction with the rising adoption of automation.
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Prominent Contenders
Some of the prominent contenders in the Human Machine Interface market are National Instruments, Schneider Electric, Siemens, COPA-DATA, Beijer Electronics, B-Scada, Rockwell Automation, Inductive Automation, AdroIT Technologies, Brainchild Electronic, General Electric, Elipse Software, to name a few.
Regional Insight
The global Human Machine Interface market is geographically categorized as Europe, North America, Middle East & Africa (MEA) and Asia Pacific (APAC).
North America achieved the leading position in 2018, capturing a share of 33.32% of the global market. The market in the region has mushroomed quite significantly over the years, backed by the rising adoption of robots in various industries combined with the mounting demand for better communication in several industrial processes.
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Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Human Machine Interface Market Segmentation
8. Human Machine Interface Market Landscape
9. Vendor Matrix
10. Company Profiles
11. Business Overview
12. Financial Data
13. Product Landscape
More…
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