SAN FRANCISCO, Aug. 6, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Human Machine Interface (HMI) Solutions - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 16; Released: May 2021
Executive Pool: 43674
Companies: 97 - Players covered include ABB Ltd.; Advantech Co., Ltd.; American Industrial Systems, Inc.; Beijer Electronics, Inc.; Eaton Corporation PLC; Emerson Electric Company; General Electric Company; Honeywell Process Solutions; Omron Corporation; Rockwell Automation, Inc.; Siemens AG; Yokogawa Electric Corporation and Others.
Coverage: All major geographies and key segments
Segments: Product Type (Display Terminals, Interface Software, Industrial PCs, and Other Products); Application (Automotive, Oil & Gas, Food & Beverages, Healthcare, Packaging, Aerospace & Defense, and Other Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry
ABSTRACT-
Global Human Machine Interface (HMI) Solutions Market to Reach $7.1 Billion by 2024
The role of digitalization in business and consumer sectors is becoming increasingly bigger. Digitalization means increased use of computers and digital machines. Their efficient use plays a major role in influencing ROI on CAPEX investments. In this regard, the importance of human machine interface (HMI) cannot be overstated. HMI is defined as a user interface through which humans can interact with machines. In other words, it represents the system that connects an operator to the controller system of an industrial system or machine. Amid the COVID-19 crisis, the global market for Human Machine Interface (HMI) Solutions is projected to reach US$7.1 Billion by 2024, registering a compounded annual growth rate (CAGR) of 8.3% over the analysis period. United States represents the largest regional market for Human Machine Interface (HMI) Solutions, accounting for an estimated 27.7% share of the global total. The market is projected to reach US$2.1 Billion by the close of the analysis period. China is expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 10.2% over the analysis period.
Beginning from simple punched cards, keypads, monitors, touchpads to the advanced panels of today, HMI has and continues to evolve towards the envisioned path of conversational HMI. Emerging niche technologies with high long-term growth potential include neural, gesture, voice, 3D displays and holograms, flexible displays, conversational UI (i.e. chatbots and smart assistants) and wearable UI (smartwatch, smart glasses, smartphones, and wearable.
The emerging omnipresence of Industry 4.0 and the Internet of Things (IoT) will be the biggest game changers in the HMI market. Steady pace of technology developments will also render HMI systems less expensive in the coming years. Government mandates directing use of technology for ensuring passenger safety is driving automotive manufacturers to adopt HMI systems in automobiles like never before. Rising investments on digital transformation in the oil & gas industry bear strong influence on uptake of various digital technologies including HMI tools. HMI helps operators in monitoring remote oil & gas pipeline as it provides accurate description of the error/problem. As mankind increasingly plugs into the digital world through digital devices, be it a machine, a digital appliance, a smartphone, a vehicle dashboard, or a personal computer, Human Machine Interface (HMI) will be first point of access and interaction between humans and machines. More
MarketGlass™ Platform
Our MarketGlass™ Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include - enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.
Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android
About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com
LINKS
Join Our Expert Panel
https://www.strategyr.com/Panelist.asp
Connect With Us on LinkedIn
https://www.linkedin.com/company/global-industry-analysts-inc./
Follow Us on Twitter
https://twitter.com/marketbytes
Journalists & Media
Info411@strategyr.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/global-human-machine-interface-hmi-solutions-market-to-reach-7-1-billion-by-2024--301350043.html
SOURCE Global Industry Analysts, Inc.
"interface" - Google News
August 06, 2021 at 08:25PM
https://ift.tt/3fD0qdt
Global Human Machine Interface (HMI) Solutions Market to Reach $7.1 Billion by 2024 - Yahoo Finance
"interface" - Google News
https://ift.tt/2z6joXy
https://ift.tt/2KUD1V2
Bagikan Berita Ini
0 Response to "Global Human Machine Interface (HMI) Solutions Market to Reach $7.1 Billion by 2024 - Yahoo Finance"
Post a Comment