Big Market Research has released a report titled, “Global Human Machine Interface Market 2016-2020.” As per the report, the global human machine interface (HMI) market is expected to grow at CAGR of 6.13% from 2016 to 2020. The report offers an analysis of key manufacturers, detailed segmentation, and key drivers & challenges. Research analysts conducting the study provide information for businesses & investors to gain thorough understanding of current market trends and growth scenario of the market.
HMI is a significant tool for communication between humans and machines. It is adopted in plant automation to assist humans to interact with automation machines and gain understanding of plant floor automation process. Operation efficiency is increased and cost associated is reduced with the help of HMI. The report further provides definitions, market overview, executive summary, and highlights of the market to outlines the current scenario.
Furthermore, comparative analysis of key vendors has been covered in the study to offer thorough information on leading market players. Rockwell Automation, GE, Siemens, and Schneider Electric are some of the leading vendors mentioned with significant insights on their position in the market. The report also offers vendor mapping, competitive business overview, and financial information to help investors to gain information on how market would be shaped in the future.
The market landscape has been highlighted using market size and forecasts for business and investors to determine current market scenario and how market would grow in the forecast period. Porter’s five forces analysis provides a thorough information on level of competition within the industry and devise strategies for the future.
The study provides a comprehensive information on drivers, challenges, and opportunities. It states that employee and equipment safety needs would drive the market in the forecast period. Whereas, vulnerability to cyber-attacks would be the challenge faced by the industry. Increasing demand for smart factories would present tremendous opportunities. A full detailed list has been mentioned in the report to gain thorough understanding.
The study segments the global HMI market into type, end user, and geography. The market is further divided by type into HMI hardware and HMI software & services market. The end users mentioned in the report are packaging, pharmaceutical, automotive, chemical, utilities, and metal manufacturing. The research also include revenue generated by all the types and end users in the forecast period. Furthermore, the market is segmented geographically into EMEA, Americas, and APAC. The report estimates the revenue that would be generated in these regions from 2015 to 2020. In addition, it also mentions per capita income by major countries in APAC market.