Advances in Factory Automation Will Significantly Drive the Global Human Machine Interface Market Until 2020, Says Technavio
By Business Wire News
By Business Wire News
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.
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“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
- 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.
Browse related reports:
- Global Human Machine Interface (HMI) Market 2015-2019
- Global Automotive Human Machine Interface (HMI) Market 2015-2019
- Global SCADA Market 2015-2019 – Market Research
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