The
global human machine interface (HMI) market is expected to expand at
a steady CAGR of 10.4% from 2013 to 2019 and reach a value of
US$5,579.3 million. Human machine interface, or HMI as it is commonly
known, is a technology that is used for industrial automation to
manage large volumes of data application. A Human Machine Interface
is an electronic interface between users and devices. HMIs help
reduce human involvement in the manufacturing process and thus
improves the productivity and ensures the safety of the operator. HMI
is a part of all processing and manufacturing control systems. Human
machine interfaces are used to convey real-time data and involve the
use of an interface system where data is activated through visual
representation.
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Need
for Efficiency and Monitoring Driving Global Market for Human Machine
Interfaces
Augmented
industrial automation, need for high efficiency, and optimistic
outlook of Asia Pacific manufacturing industries is anticipated to
develop the human machine interface market. HMI is transforming the
industry owing to its capability to ably monitor and bring about
heightened efficiency in operations in production devices. Globally,
HMIs are replacing legacy systems in numerous companies and the
market for the same is witnessing double-digit growth.
Accessibility
of Real-Time Data from Multiple Locations Drives Market
Factors
such as high development of software services suited to each
application and heightened need for dependable hardware and data
security are propelling the market for HMI. The increased demand in
developing nations is also boosting the human machine interface (HMI)
market. Another factor that drives the human machine interface (HMI)
market is the amplified demand for accessing data from various
locations to monitor machines in real time However, high installation
costs and inadequate HMI design are restraining factors for the HMI
market.
Automotive
Industry has Largest Market Share due to Rise in Demand for Motor
Vehicles
The
automotive industry contributed to 15.9% of the human machine
interface (HMI) market in 2012. The growth of HMI in the automotive
sector can be attributed to the intensified operations of
manufacturing companies to cater to the rising demand for motor
vehicles. This category of the human machine interface (HMI) market
is expected to continue its expansion during the coming years. On the
basis of product type, the human machine interface (HMI) market is
segmented into display and touch screens, industrial PCs, interface
software, and other controllers. In the product-based segmentation,
the interface software segment is foreseen as the fastest growing
product type during the coming years, and had the largest share in
2012, holding more than 41.0% of the human machine interface (HMI)
market.
By
geography, North America had the largest share due to automation and
robotic project expansion, steady economic recovery, and increase in
GDP. Asia Pacific is foreseen as the fastest growing region over the
coming years and this progress is due to increase in automation in
the processing and manufacturing industries in emerging economies
such as Indonesia, South Korea, India, and China.Some of the key
players in the global human machine interface market are Siemens AG,
Mitsubishi Electric, Pro-Face, Omron, Rockwell Automation, General
Electric Corporation, and several others.
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