Thursday, June 23rd, 2016 - RnR Market Research

The analysts forecast global human machine interface market to grow at a CAGR of 6.13% during the period 2016-2020. This report covers the present scenario and the growth prospects of the global HMI market for 2016-2020. The report includes two major revenue segments: hardware, and software and services.

The following companies are the key players in the global human machine interface market: GE, Rockwell Automation, Schneider Electric, and Siemens. Other prominent vendors in the market are: Advantech, Atmel, Beijer Electronics, EAO, Eaton, Elektrobit, Elipse Software, Bosch Rexroth, Digital Electronics, Mitsubishi Electric, Progea, Omron, Emerson Electric, Interlink Electronics, and Yokogawa Electric.

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According to the human machine interface market important trend driving market growth is the growing demand for smart factories. Manufacturing countries, such as China and Germany, are automating their factories to sustain business in the competitive market. This may enable precise communication and coordination in factories, and ensure flexible underlying processes. The manufacturing companies use sensors, robots, wireless systems, enterprise software, and automation solutions, such as DCS, PLC, and SCADA, to automate end-to-end processes. The process and discrete industries use these systems to identify the best industry practices and share information, data retrieval, and documentation.

The global human machine interface market an increased focus on equipment and employee safety is making the use of HMI necessary in a working environment. Industries are making efforts to reduce industrial accidents due to process failure, which if not corrected may cause fatal injuries to employees and lead to financial loss, plant shutdown, or heavy refurbishing requirements.

In addition, the market has experienced a high number of litigations, as countries worldwide implement and enforce industrial safety measures and standards. The EU and other countries, such as the US, have formulated strict guidelines for various industries to improve the safety of operations and reduce emissions from facilities.

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Global Human Machine Interface Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

HMI is a tool that helps machines and humans communicate. HMI systems are widely adopted for plant automation; they help operators interact with automation systems and understand the plant floor automation process. This system helps feed inputs, and monitors, controls, and checks the parameters connected to the control system. It enhances operational efficiency, and reduces cost associated with industries.

Further, the report states that every company is becoming increasingly vulnerable to cyberattacks due to an increased use of automated systems, including HMI.

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