London, 30 April 2015 – Growing need for higher efficiency is expected to propel the global human machine interface market, which is anticipated to grow at a CAGR of 7.73 % from 2015-2019, says research firm Technavio.
About the Report
The need for higher efficiency in plant operations is driving the packaging, food and beverage, and automotive industries to adopt human machine interface (HMI) devices. There is a demand for reducing human interface and increasing real-time monitoring and process control to prevent damages to life and property.
“The use of automation systems reduce maintenance costs and machine downtime, and increase productivity by providing accurate operations information to improve the decision-making process,” says Faisal Ghaus, Vice President of Technavio.
According to the latest market research report by Technavio, the need to innovate advanced human machine interface devices is expected to make vendors in the market invest more in their R&D capabilities. Vendors are increasingly developing multi-touch panels for HMIs because of the increased implementation of smartphones and other touch devices.
Market Scope and Calculation of Market Size
This report covers the present scenario and the growth prospects of the global HMI market for the period 2015-2019. The report includes two major revenue segments: software and services. It considers revenue generated from HMI licenses and services.
Key Information Covered in the Report:
Key Vendors:
- General Electric Co.
- Rockwell Automation Inc.
- Schneider Electric Co.
- Siemens AG
Market Growth Drivers:
- Increased efficiency
- For a full detailed list, view our report.
Market Challenges:
- Lack of standardization
- For a full detailed list, view our report.
Market Trends:
- Transition to multi-touch HMI devices
- For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
