Global Human
Machine Interface (HMI) Market strategic
research study offers company accounts, industry investors, and industry
members with consequential insights to enable them to make reliable strategic
decisions regarding the opportunities in the global market.
In this report, we
thoroughly examine and analyse the Global market for Human Machine Interface
(HMI) so that market participants can improve their business strategy and
ensure long-term success. This report provides players with useful information
and suggests result-based ideas to give them a competitive advantage in the
global Human Machine Interface (HMI) industry. It will show how other players
compete in the global Human Machine Interface (HMI) Market and explain the
strategies you use to differentiate yourself from other participants.
This Research Report
Answers the Following Questions:
·
How Human
Machine Interface (HMI) market will grow in the coming year?
·
Will the COVID-19 pandemic surge the demand for such platforms?
·
How are key companies planning to promote benefits of Human Machine Interface (HMI)?
·
What are the industry growth drivers, obstacles, and dynamics?
·
Which segment is expected to lead in the coming years?
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The global Human Machine
Interface (HMI) market is expected to reach $6.31 billion by 2022, owing to
requirement of automation of complex industrial operations, improve
productivity and efficiency.
Industrial processes have
become more complex due to increase in competition and need to have competitive
edge through product or service quality. Manufacturing industries are opting
for automation to reduce the complexity of the operation process and to make to
it cost effective. HMI software helps in industrial data management, integrated
engineering, industrial communication and industrial security. Fully integrated
automation has optimized the operation downtime, better performance due to
interoperability of system tested components. The challenge in the HMI software
and services marketplace is how suppliers can differentiate themselves and
continue to offer increasing value propositions to end users and OEMs,
especially in a slowing global economy. The market is extremely competitive and
demand is expected to grow as many users recognize the benefits of HMI
software.
Integration of Bluetooth
and Wi-Fi in these products has improved device mobility, which is also
anticipated to propel the demand over the forecast period. Evolution of
industrial Internet of Things (IoT) has opened many opportunities. Advancement
in technology will improve the process cycle time, make the process energy
efficient and will provide data security. Smart HMI will give huge
opportunities to the industries and is expected to have a positive impact on
the demand.
This market is segmented on
the basis of software type and verticals. On the basis of software type it is
segmented as HMI/client, software modules, and supervisory/server. On the basis
of verticals, it is segmented as manufacturing, automotive oil & gas
sector, and aerospace.
In manufacturing sector HMI
helps in simultaneous view of real-time and historical data, configuration,
colours, fonts, scales, limits, formats, grid lines and viewing orientation,
and data gathering from different sources on the same trend. Software features
include big picture views with drill down capabilities, ActiveX control and
automation, configurability of new charts with auto-scale and auto-band,
annotation with audit trail, and batch mode with time shifting to compare
trends.
North America human machine
interface market is expected to emerge as a dominant segment owing to early
technology adoption. Further, the rise in a number of automation projects and
increase in the labour cost is expected to play a key role in driving the
regional demand over the forecast period.
Europe is expected to show
relatively slow growth rate owing to European economies facing downturn due
financial debt. The presence of major automotive industries such as BMW, Audi,
and Volkswagen has maintained slightly positive sentiment for the market. The
market is expected to show huge growth as and the economies revive.
Major companies present in
this market are Advantech Co., Ltd., American Industrial Systems Inc., B-Scada,
Inc., Elektrobit Corporation, Interlink Electronics, Inc., Panasonic
Corporation, Schneider Electric Software, LLC, and Siemens AG
Companies in the market
have adopted various strategic initiatives such as new product development,
merger and acquisition, and partnerships and collaboration in order to have a
competitive advantage and strong market share.
In May 2015, Siemens AG
launched SPPA-T3000 R7.2 control system, it offers increased efficiency and
effectiveness for power plant operators, easier and more simplified handling
during day-to-day operation, and active support for control room staff in
critical situations.
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