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Human Machine Interface (HMI) Market - Global Outlook and Forecast 2017-2022LONDON, Oct. 18, 2017 /PRNewswire/ -- The global human machine interface (HMI) market is likely to cross $7.4 billion, growing impressively at a CAGR of 9% during 2016?2022. • Software End-user • Automotive • Chemicals and petrochemicals • Mining and metallurgy • Paper, packaging, and printing • Food and beverage manufacture and packaging • Healthcare • Oil and gas • Others Major Geographies • APAC • EMEA • Latin America • North America Key Countries • Canada • China • Japan • US The report provides a holistic view of the global HMI market, the companies involved in the market, and the factors driving its growth. The report also provides information about the latest trends that are likely to become strong market driving forces over the next five years. It also provides the Porter's Five Forces analysis along with a description of each force and its impact on the market. Further, the report also provides complete value chain analysis of the global human machine interface market. HMI Market Dynamics Continuous shift from WIMP-based GUI to Multi-touch GUI will drive the market growth Internet of Things (IoT) is likely to change data capturing and handling dramatically, automated gesture recognition systems to gather significant interest, moderation and fundamental shifts in the wearables market, and virtualization and automation to majorly impact human machine interface development are among the latest trends that are going to boost the market growth during the forecast period. The report discusses the major trends and drivers, which are likely to shape the human machine interface market. A continuous shift from WIMP (Windows-Icon-Mouse-Pointer Based GUI) to Multi-Touch GUI, rise of augmented reality (AR) and immersive experiences, and overwhelming rise in global industrial automation expenditure are the key factors that are likely to drive the market. HMI Market: Segmental Overview Motion technology to post the highest growth rate of 10% during the forecast period. Tactile, optical, and acoustic technologies together held 90.7% of the market share in 2016. The main driving factor of these technologies is that they provide effective public interface applications. The bionic technology will be the major revenue contributing segment of the global HMI market. Also, the motion technology will post the highest growth rate of more than 10% during the forecast period. The analysts at Arizton expect that embedded configuration will have the dominance over the HMI market growing rapidly compared with the standalone segment. Similarly, the software interface will post a rapid growth rate during the forecast period but the hardware interface will remain the dominant segment in terms of revenue. In 2022, the automotive, chemicals and petrochemicals, and food and beverage manufacturing sectors will be the major end-users of the global HMI market. HMI Market: Geographical Analysis North America to remain the largest market followed by Europe The global HMI market, which is concentrated in four countries, constituting about half of the global market size, is China, Japan, Canada, and the US. The demand for human machine interface implementation in the North America region is driven by a high awareness of their advantages over conventional products, better product availability, and extensive reach of innovative products. The US is the world's largest market for human machine interfaces, driven by a high degree of automation, better availability of range and awareness, followed by China. The market in Europe is largely driven by the demand from key end-user industries in Germany, the UK, and France. Download the full report: https://www.reportbuyer.com/product/5151517 About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers https://www.reportbuyer.com For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +44 208 816 85 48 Website: www.reportbuyer.com View original content:http://www.prnewswire.com/news-releases/human-machine-interface-hmi-market---global-outlook-and-forecast-2017-2022-300539256.html SOURCE ReportBuyer |