Human Machine Interface HMI Market Worth 4.05 Billion By 2017

Date: 3/3/2014

Human Machine Interface HMI Market Worth $4,05 Billion By 2017

Display Terminals, Industrial PC, Interface Software, Other Controls, the Total Market Is Expected To Reach $4050.00 Million by 2017, At A CAGR Of 10.13% from 2012 To 2017

  • Published by MarketsandMarkets

Due to growing technological needs, factory automation is increasingly in use in all the industries and hence the demand or need for HMI is also increasing. HMI market for discrete applications is growing at a higher rate as compared to process applications owing to growth of automotive, metal & mining, packaging and aviation industries. The other key factors driving the HMI market include demand for enhanced efficiency, high growth of software services suitable for each applications and increasing need for data security and reliable hardware.

The overall HMI market is estimated to be worth $2.50 billion in 2012 and expected to reach $4.05 billion in 2017 at a CAGR of 10.13% from 2012 to 2017. Currently Americas commands the largest share in the global HMI market followed by Europe and APAC. It is observed that APAC is growing at a higher CAGR and is expected to have the largest market share i.e. 28% of the total HMI market by 2017. The higher CAGR of APAC is primarily due to its fast growing economy and increased significance for automation industries. Human Machine Interface (HMI), as the name describes, is an interface between operator and a machine. The level of interaction with the machines has increased exponentially.

The products are segmented into display terminals, industrial PCs, and interface software. The report illustrates revenue shares of different industrial applications of HMI- discrete: automotive, metal & mining, packaging, and aerospace & defense; and process: food & beverage, healthcare, and oil & gas industries. The geography covers Americas, Europe, APAC, and ROW. In this report, the market size is forecasted using both bottoms-up and top-down approaches. The report presents the drivers, restraints and opportunities that shape the present and future market of HMI.

MarketsandMarkets's analysts forecast the Global Industrial Automation Control market to grow at a CAGR of 6.87 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing demand for automation control systems from the Oil and Gas industry. The Global Industrial Automation Control market has also been witnessing the increased availability of wireless sensor networking solutions. However, the reluctance among end-users to migrate to the latest technology could pose a challenge to the growth of this market.

MarketsandMarkets announced the Global Forecast & Analysis, Human Machine Interface (HMI) Market worth $4,050.0 Million by 2017, and Learn More >

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Human Machine Interface (HMI) Panels and Enhanced Operator Interface Terminals Improve Industrial Automation and Process Control Efficiency

Human Machine Interface (HMI) Panel PCsAIS, the leader in visualization, control and monitoring and displays solutions, with comprehensive in-house custom engineering and management capabilities, announces the availability of their expansive family of scalable Human Machine Interfaces (HMIs) and operator interface panels for automation and process control industries.  Applications in process industries such as Oil Refineries, Rigs & Processing Plants, Chemical Processing Plants, Gas Pipelines, Coalmines, Printing Industries, Paper & Textiles, Automotive Refueling Stations & Petrol Stations, Power Generation, Water & Waste Water, Food & Beverage, benefit from utilizing AIS’s HMIs, operator interfaces and rugged panel PCs for visualizing, controlling and monitoring for automation, process flow and batch control. Learn More >