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Global Human Machine Interface Market (HMI) Is Expected to Exceed USD 5,579.0 Million by 2019

September 2, 2014

Transparency Market Research has announced the addition of the "Human Machine Interface Market (HMI) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" report to their offering.Albany, NY -- (ReleaseWire) -- 09/02/2014 -- The global Human Machine Interface Market is expected to reach a value of USD 5,579.3 million by 2019, at a CAGR of 10.4% from 2013 to 2019. Due to rising demand for industrial automation and interface software solutions to improve operational efficiency rapid development is expected in the industry in the following decade. HMI market is growing due to growth of oil and gas, automotive, metal and mining industries and increasing production needs in these industries. Another major factor which is expected to drive the HMI market is, rising demand for mobility to access data from multiple locations for real time monitoring of machinery.



Browse "Human Machine Interface Market (HMI) -Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" Report with full TOC at http://www.transparencymarketresearch.com/human-machine-interface.html



Based on products, human machine interface is categorized into display or touchscreens, interface software, industrial PC's and other controllers. Interface software segment is the largest and projected to be the fastest growing product type and accounted for more than 41.0% of the market share of total HMI market in 2012. Rising demand for data monitoring and controlling application in the automation industries is estimated to drive the growth of HMI software and services segment in future.



Applications of HMI include automotive, metals and mining, oil and gas among others. In 2012, the automotive sector accounted for 15.9% of the global HMI market and is expected to dominate throughout the forecast period. The demand for HMI technologies in automotive segment is expected to see a significant rise as automotive manufacturers are expanding their operations to meet the global demand for motor vehicle.



North America currently commands the major market share in the overall HMI market. Asia Pacific region is expected to be the fastest growing segment with a CAGR of 12.9%. The growth in APAC region is mainly due to increase in automation industries and fast growing economy.



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The global human machine interface industry comprises large number of players and the market is highly competitive. The established players together accounted for more than 50% of market share in 2012. Some major players in the global human machine interface market include Siemens AG, Rockwell Automation, Mitsubishi Electric, Pro-Face, Omron, General Electric Corporation and several others.



The human machine interface market is segmented as below:



Human Machine Interface Market, By product type



Displays/Touch screen

Interface Software

Industrial PCs

Other Controllers



Browse Pressrelease of Human Machine Interface Market Report at http://www.transparencymarketresearch.com/pressrelease/human-machine-interface.htm



Human Machine Interface Market, By Application



Automotive

Metals and Mining

Food and Beverage

Aerospace and Defense

Packaging,

Healthcare

Oil & Gas



Human Machine Interface Market, By Geography



North America

Europe

Asia-Pacific

Rest of the World



Browse Technology and Media Market Research Reports @ http://www.transparencymarketresearch.com/technology-market-reports-8.html



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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.



Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.



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Source: ReleaseWire


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