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Global Human Machine Interface Market (HMI) Market 2020 with Global Forecasts to 2025DUBLIN, May 29, 2020 /PRNewswire/ -- The "Human Machine Interface Market (HMI) by Offering (Hardware (Basic HMI, Advanced PC-Based HMI, Advanced Panel-Based HMI) and Software (On-Premise HMI and Cloud-Based HMI)), Configuration (Stand-Alone HMI and Embedded HMI) - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The HMI market was valued at USD 4.3 billion in 2020 and is expected to reach USD 5.6 billion by 2025, at a CAGR of 5.2% from 2020 to 2025. Some of the major factors driving the growth of the market include the surging adoption of industrial automation in the manufacturing sector, the evolution of industrial internet of things (IIoT), growing demand for smart automation solutions, and rising need for efficiency and monitoring in manufacturing plants. Configuration-wise, embedded HMI segment is anticipated to capture the highest CAGR during the forecast period. Embedded HMIs offer an integrated environment which is much simpler and user-friendly and helps in enhancing efficiency. Growing technological developments in manufacturing, increasing need for integrated systems, and ease in machine-to-machine communication are some of the prominent factors expected to encourage the adoption of embedded HMI solutions during the forecast period. Hence, the embedded HMI market is expected to witness significant growth throughout the forecast period. APAC is expected to continue to hold the largest share of the human machine interface market from 2020 to 2025. Factors such as increasing manufacturing activities, growing economic and infrastructural development, and rising FDIs in APAC are encouraging the adoption of HMI solutions in various industries in this region. With various industries shifting their manufacturing bases in APAC to capitalize on the availability of skilled and relatively cheap labor, APAC has transformed into a major manufacturing hub. The process and discrete manufacturing industries present in the region are progressively adopting automated technologies, which is one of the major factors driving the growth of the HMI market in APAC. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 6 Industry Trends 7 Impact of Covid-19 on HMI Market 9 Market Analysis, by Offering 10 HMI Market, by Configuration 11 HMI Market, by Technology Type 14 Competitive Landscape 15 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/bgn1oe About ResearchAndMarkets.com Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/global-human-machine-interface-market-hmi-market-2020-with-global-forecasts-to-2025-301067695.html SOURCE Research and Markets |