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The Global Human Machine Interface Market Size is expected to reach $9,750.5 million by 2022, growing at a CAGR of 18.2% during 2016 -2022.
The steadily growing adoption of industrial automation equipment within the manufacturing sector is anticipated to drive growth of the human machine interface market. Product integration with analytics software would further influence the productivity and quality, eventually driving the market growth. However, high initial investment would be a challenge for the seamless growth of the market. Technological advancements from Light Emitting Diode (LED) indicators to fully functional, touchscreen and graphic oriented terminals have flown into the global market, and with the integration of Bluetooth and Wi-Fi the devices have witnessed seamless improvements which would have a direct influence on the demand during the forecast period. The report highlights the adoption of Human Machine Interface market, globally.
Based on the Type, the Human Machine Interface Market is segmented into Hardware, Software and Services segment. Based on the Product, the Hardware segment is bifurcated into Displays Terminals, Interface Software, Industrial PCs and Other Controllers sub-segments. According to the Application, the Wireless Audio Devices Market is segmented into Automotive, Healthcare, Food & Beverages, Oil & Gas, Packaging, Defense & Aerospace and Other segments. The geographies included in the report are North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa).
Key Players profiled in the report include Advantech Co. Ltd., America Industrial Systems, Beijer Electronics, Eaton Corporation, Yokogawa Electric Corporation, Rockwell Automation, ABB Group, General Electric, Honeywell and Siemens.