SAN FRANCISCO, October 20, 2015 /PRNewswire/ --
The global Human Machine Interface (HMI) market is expected to reach USD 6.31 billion by 2022, according to a new report by Grand View Research, Inc. Advancement in HMI programming software in order to incorporate ability for managing multi-vendor environment is anticipated to escalate industry growth over the next few years. Benefits offered such as remote operation coupled with the widespread usage of HMIs across oil & gas and water treatment plant for operating in harsh conditions may also elevate product demand significantly. This has also instigated vendors to manufacture devices with better wear and tear property.
(Logo: http://photos.prnewswire.com/prnh/20150105/723757)
Growing trend towards protocol conversion to exchange data between all connected devices is estimated to further catalyze human machine interface industry growth. Technological development such as open platform architecture resulting in improvement of the migration process is also anticipated to fuel demand considerably over the forecast period.
Browse full research report with TOC on "Human Machine Interface (HMI) Market Analysis By Product (Display Terminals, Interface Software, Industrial PC), By Application (Automotive, Healthcare, Food & Beverages, Oil & Gas, Packaging, Aerospace & Defense) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/human-machine-interface-market
High upfront capital and need for change in business process to integrate HMIs are key challenges anticipated to impact the industry. In addition, lack of skilled professionals and awareness on HMIs among management and lower level executives may also pose a challenge to market growth over the coming years.
Further key findings from the report suggest:
Grand View Research has segmented the global Human Machine Interface (HMI) market on the basis of product, application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Read Our Blogs - dniamericas.org, ni2014.org
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Share this article