Segmentation
By
technology, the material segment can generate revenues at a CAGR of around 10%
during the forecast period. Expansion of materials to be utilized in PCs,
consoles, and smart devices can drive the segment growth.
By
interface, the equipment segment ruled the market in 2017 and developing at a
CAGR of around 9% during the assessment period. The utilization of advanced
display panels such as LCD, LED, and touchscreens that offer
straightforwardness can drive the segment growth.
By
configuration, the embedded arrangement is set to rule the HMI market owing to
sufficient memory and handling to cater to present control capacities. A
connected embedded arrangement can be part of a wider network and capable of
translating information between humans and machines.
By end-user, the assembling segment is poised to generate huge revenues for the human-machine interface market due to collaboration between humans and robots. Integration of AI in HMI can improve its capabilities and lead to additional job creation. On the other hand, the pharmaceutical industry is likely to occupy a large market share owing to its use in monitoring of complex manufacturing processes.
Market
Scope
The
global human-machine interface market can show a CAGR of 10.3% over the
forecast period. This is attributed to efforts by automotive manufacturers to
improve the relationship between the car AI and the driver. Innovative advances
and improved dashboard facilities coupled with smarter automation can drive the
market demand. Huge need for curbing operational expenditure and requirement
for interfaces to make informed decisions can spur the market growth.
Regional
Analysis
APAC
is set to dominate the global HMI market owing to increased budget of players
in China and India coupled with adoption of automated solutions. Rapid advances
in processes and shift to the region by various manufacturers owing to lax
worker regulations can drive regional market growth. This is evident by
presence of discrete manufacturing and processing industries.
Competition
Analysis
Siemens
AG, Rockwell Automation Inc., Honeywell International Inc., ABB Ltd, and
Schneider Electric SE are key players of the human-machine interface market.
Automated solutions and services offered by players to end-use industries is
the primary strategy to capture market shares.
Browse Complete
Report @ https://www.marketresearchfuture.com/reports/human-machine-interface-market-1092
Industry
news
Germany-based
Incari has raised close to USD 15 million in funding to increase the
technological prowess of its human-machine interface. The interface is
currently in use in the automotive sector and plans to be implemented in other
applications such as augmented reality and remote touch.
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