MRO Magazine

Advances in Factory Automation Will Significantly Drive the Global Human Machine Interface Market Until 2020, Says Technavio


May 6, 2016
By Business Wire News

LONDON

According to the latest research study released by Technavio, the global human machine interface market is expected to reach USD 4.51 billion in revenue by 2020.

This research report titled ‘Global Human Machine Interface Market 2016-2020’, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various end-user segments, including packaging, automotive, pharmaceutical, F&B, utilities, and metals manufacturing.

Request sample report: http://bit.ly/1TxOnLM

“Over the past decade, smart and automated factories have witnessed worldwide adoption. Many manufacturers in countries such as China and Germany have made significant investments to automate their factories and stay competitive. Automation enables precise communication and coordination in factories, and thereby improves productivity,” said Bharath Kanniappan, one of Technavio’s lead analysts for automation research.

“Though multi-touch HMIs are gaining significance in the market, vendors are working towards innovation and development of advanced HMIs to cope with future competition. This has created a sharp emphasis on gesture-based inputs. Major vendors, such as Schneider Electric, are investing in this technology to differentiate themselves from other market players,” added Bharath.

Global human machine market segmentation by end-user

  • Packaging
  • Automotive
  • Pharmaceutical
  • F&B
  • Utilities
  • Metal manufacturing

Global HMI market in packaging industry

The global HMI market in the packaging industry was valued at USD 405.8 million in 2015. HMI solutions in the packaging industry helps in monitoring the continuous flow of information of processes such as filling, sealing, labeling, bag packing, cartoning, wrapping, strapping and palletizing, and other packing machine tasks. The packaging industry has gained momentum following a greater emphasis on the packaging of products in industries such as F&B, healthcare, cosmetics, and other consumer goods. The growth of the packaging industry is typically higher than GDP growth in emerging markets like India, China, Malaysia, Thailand, Philippines, and Indonesia, where rising standards of living and higher purchasing power has expanded the market for packaged food items and everyday commodities.

Global HMI market in automotive industry

The global HMI market in the automotive industry was valued at USD 388.3 million in 2015. These investments are anticipated to expand the market for automation solutions, including HMI solutions that monitor continuous flow of information related to plant operations and processes. In addition, the rising purchasing power of the middle class in developing countries, such as India and China, may lead to the establishment of new automotive plants in these nations. These factors will cast a positive influence on the automation systems market during the forecast period.

Global HMI market in pharmaceutical industry

The global HMI market in the pharmaceutical industry was valued at USD 293.1 million in 2015. Technavio researchers expect the pharmaceutical industry to generate higher demand for automation solutions, such as HMI, in emerging countries such as India, China, Brazil, Malaysia, and Indonesia during the forecast period. This stems from high domestic and foreign demand for pharmaceutical products. In addition, regulators worldwide, including the US Food and Drug Administration (US FDA), have devised and enforced stringent regulations to monitor the pharmaceuticals industry. These trends will likely prevail during the forecast period and positively impact market growth.

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About Technavio

Technaviois a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jesse Maida
Media & Marketing Executive
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media@technavio.com