Dublin, Oct. 12, 2018 (GLOBE NEWSWIRE) -- The "Human Machine Interface (HMI) Market - Global Outlook and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.

The global HMI market is expected to generate revenues of more than $8 billion by 2023, growing at a CAGR of over 9% during 2017-2023.

The increasing importance of safety, energy efficiency, better productivity, and sustainability will lead the expansion of the global human machine interface market. The implementation of SCADA and PLC in factory automation systems will transform the market over the next few years. The global HMI market is driven by growing demand from semiconductor fabrication plants that requires control centers, clean rooms, and assembling lines for effective equipment control.

HMIs facilitate a high degree of customizations and are increasingly finding their application in equipment which is characterized by ruggedness and reliability in the human machine interface market. The market research report provides in-depth market analysis and segmental analysis of the global HMI market by technology, configuration, interface, end-user, and geography.

The report considers the present scenario of the global HMI market and its market dynamics for the period 2018-2023. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the human machine interface market. It also profiles and analyzes the leading companies and various other prominent companies operating in the human machine interface market.

HMI Market - Dynamics
The growing demand for enterprise networking and remote access is boosting the implementation of HMI PLC technology and augmenting the development of the global HMI market. The emergence of industrial Ethernet applications that help increase the productivity of manufacturing units and industrial automation will lead to the transformation of the global market.

The development of systems that enable easy use and delivering superior consumer experiences will help players sustain the intense competition in the market. The focus on convenience and launch of enhanced surfaces will augment the growth of the global HMI market during the forecast period. The development of gesture recognition technology that ensures seamless communication and information transfer will propel the evolution of the global HMI market. Gesture recognition is the science of deciphering human gestures as input signals using mathematical algorithms. This includes the full body recognition or a small change in the facial expression. The implementation of gesture recognition systems will eventually make traditional input devices redundant in the global market.

HMI Market -Segmentation
This market research report includes a detailed segmentation of the market by technology, configuration, interface, end-user, and geography. Tactile segment dominated more than 2/3rd the market share in 2017, growing at CAGR of around 10% during the forecast period. The motion technology implemented in the market can detect motions, gyroscopes, and accelerometers. The integration of sensors with hardware enables devices to detect motion. The vendors are using embedded software solutions to make product improvements by refining operator interfaces functionalities and communication options of components by leveraging advancements in electronics.

The hardware segment dominated the majority of the market share in 2017, growing at a CAGR of around 9% during the forecast period. HMI software provides operators to manage industrial and process control machinery through Graphical User Interface (GUI). The development of innovative software solutions that help control and offer data acquisitions of SCADA applications in the human machine interface market.

Chemical and petrochemical segment occupied around 1/3rd of the market share in 2017, growing at a CAGR of more than 9% during the forecast period. The introduction of systems that are robust, can withstand the harsh environment, and are resistant to dust, moisture, water, extreme temperatures, and exposure to harsh chemicals is driving the growth of the global human machine interface market.

The global HMI market is witnessing a surge in demand for solutions from various industries and facing intense competition. The leading vendors are leveraging rapidly changing technologies to introduce innovations and upgrades in the human machine interface market. The market is moderately fragmented, and top players control over 50% of the total share. The companies are focusing on offering varied features such as quality, technology, and price to sustain the competition in the human machine interface market. The increasing investments in the development of new technologies will help vendors gain a competitive advantage in the global human machine interface market during the forecast period.

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research process

4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
4.3.1 Market Segmentation by Technology
4.3.2 Market Segmentation by Configuration
4.3.3 Market Segmentation by Interface
4.3.4 Market Segmentation by End-user Type
4.3.5 Market Segmentation by Geography

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency Conversion
5.5 Market Derivation

6 Market at a Glance
7 Introduction
7.1 Overview

8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Enterprise Networking to Drive HMI-PLC Technology
8.1.2 Increased Demand for Multi-Touch GUI
8.1.3 Rise of Augmented Reality (AR) and Immersive Experiences by VR
8.1.4 Rapid Rise in Global Industrial Automation Expenditure
8.2 Market Growth Restraints
8.2.1 Threat of Data Privacy and Security Concerns
8.2.2 Rapid Technology Curve and Automation Being Expensive in Several End-users
8.2.3 High Degree of Variability and Lack of Organizational Focus
8.3 Market Opportunities & Trends
8.3.1 Growing Demand for IoT in Industries for Data Capturing and Handling Dramatically
8.3.2 Automated Gesture Recognition Systems to Gather Significant Interest
8.3.3 Increasing Penetration of Smart Wearables
8.3.4 Growing Virtualization and Automation to Majorly Impact HMI Development

9 Global HMI Market
9.1 Market Overview
9.2 Market Size & ForecasT
9.3 Porter's Five Forces Analysis

10 GLobal HMI Market by Technology
10.1 Market Overview
10.2 Optical HMI
10.3 Acoustic HMI
10.4 Bionic HMI
10.5 Tactile HMI
10.6 Motion HMI

11 Global HMI Market by Configuration
11.1 Market Overview
11.2 Standalone HMI
11.3 Embedded HMI

12 Global HMI Market by Interface
12.1 Market Overview
12.2 HMI software
12.3 HMI Hardware

13 Global HMI Market by End-User
13.1 Market Overview
13.2 Automotive HMI
13.3 Chemicals and Petrochemicals HMI
13.4 Mining and Metallurgy HMI
13.5 Paper, Packaging, and Printing HMI
13.6 Food and Beverage HMI
13.7 Healthcare HMI
13.8 Oil and Gas HMI
13.9 Other End-user HMI

14 Global HMI Market by Geography
14.1 Market Overview

15 APAC: HMI Market

16 Europ: HMI Market

17 North America: HMI Market

18 Latin America: HMI Market

19 MEA: HMI Market

20 Competitive Landscape
20.1 Competition Overview
20.2 Market Structure and Mapping of Competition
20.3 Overview of Competition
20.3.1 Herfindahl-Hirschman Index

21 Key Company Profiles
21.1 Schneider Electric
21.2 Rockwell Automation inc
21.3 Siemens AG
21.4 Mitsubishi Electric Corp.
21.5 Omron Corp.

22 Other Prominent Companies
22.1 ABB Ltd.
22.2 General Electric
22.3 Toshiba
22.4 Kontron AG
22.5 Honeywell International Inc.
22.6 Panasonic Corp.
22.7 Bosch Rexroth
22.8 Eaton Corp.
22.9 Emerson Electric Co.
22.10 Yokogawa Electric Corp.

For more information about this report visit https://www.researchandmarkets.com/research/jc7328/global_human?w=12

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Related Topics: Industrial Automation