Human Machine Interface Market 2012 To 2022
Date: 10/26/2015 The Global Human Machine Interface (HMI) Market Is Expected To Reach USD 6.31 Billion By 2022 Human Machine Interface (HMI) Market by Display Terminals, Interface Software, Industrial PC and by Automotive, Healthcare, Food & Beverages, Oil & Gas, Packaging, Aerospace & Defense and Segment Forecasts To 2022 The global Human Machine Interface (HMI) market is expected to reach USD 6.31 billion by 2022, according to a new report by Grand View Research, Inc. Advancement in HMI programming software in order to incorporate ability for managing multi-vendor environment is anticipated to escalate industry growth over the next few years. Benefits offered such as remote operation coupled with the widespread usage of HMIs across oil & gas and water treatment plant for operating in harsh conditions may also elevate product demand significantly. This has also instigated vendors to manufacture devices with better wear and tear property. Growing trend towards protocol conversion to exchange data between all connected devices is estimated to further catalyze human machine interface industry growth. Technological development such as open platform architecture resulting in improvement of the migration process is also anticipated to fuel demand considerably over the forecast period. High upfront capital and need for change in business process to integrate HMIs are key challenges anticipated to impact the industry. In addition, lack of skilled professionals and awareness on HMIs among management and lower level executives may also pose a challenge to market growth over the coming years. Human Machine Interface (HMI) Application: HMI terminals are significantly used in manufacturing industry for automation for improvement of overall plant management by improving communication between user & machine, providing warning & alarms, and cost reduction. Rapid industrialization in several emerging economies such as India and China is expected to be a key factor for future growth. Key end-use industries with heavy demand include food & beverages, oil & gas, and packaging. Increasing shale oil extraction significantly in North America may increase need for industrial automation, thereby offering avenues for growth. In automobiles, usage of advanced technology has transformed the car dashboard layout to more flexible, dynamic and adaptable design. Standalone systems may increase safety risks; however, integration of speech input/output system with HMIs may lower driver distraction while commanding vehicles, and may catalyze industry growth. Use cases in the healthcare sector mainly include emotions analytics. The industry has witnessed growing application in unmanned vehicles & drones, and cyber security in the military aerospace and defense sector Further Key Findings from the Report: