Touch Based Human Machine Interface (HMI) - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Touch Based Human Machine Interface (HMI) market is accounted for $4.13 billion in 2018 and is expected to reach $26.58 billion by 2027 growing at a CAGR of 23% during the forecast period. Some of the key factors propelling the market growth are better reliability, decrease in training, skill requirements and decline in physical or mental stress for users. However, involves safety issues is the restraining factor for the growth of the market.
Touch based human interface (HMI) is the easy, simple and normal interaction with the human equipment. The application of human device interface is rising day by day in dissimilar industries. By means of dissimilar technologies the human interaction with the machines will turn into easier and can be more visual and friendly.
By application, automotive segment is expected to grow at the significant market share during the forecast period as this interface is applied to control the temperature in vehicle and also for navigation purpose. On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to growing technological developments, the R&D performance in the areas of HMI is mounting owing to the enlarged adoption of IoT and machine-to-machine communication (M2M) in frequent industries in this region.
Some of the key players in Touch Based Human Machine Interface (HMI) Market include ABB Ltd, Advantech Corporation, American Industrial Systems Inc, B&R Industrial Automation Corp, Beijer Electronics Inc, EAO AG, Elo Touch Solutions, Inc, ESA Automation S.p.A, Fuji Electronics Co., Ltd, General Electric, Iconics Inc, L&T Electronics and Automation FZE, Maple Systems, Inc, Mikroprojekt d.o.o, Mitsubishi Electric Corporation, Omron Corporation, Schneider Electric SE, Siemens AG, Tecnologic UK and Unitronics Inc.
• Surface Acoustic Wave
• Programmable Logic Controller
• Display Drivers
• Power Management Integrated chips (PMIC)
Function Modules Covered:
• Industrial PCs
• Control panels
• Display Monitors
Sales Channels Covered:
• Direct Channel
• Distribution Channel
• Aerospace & Defense
• Building Automation
• Consumer Electronics
• Digital Signage
• Factory Automation
• Food and Beverages
• Home Automation
• Information technology
• Oil & Gas
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Supply chain trends mapping the latest technological advancements
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