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The increasing pressure to automate the manufacturing process is the main reason for the growth of the global market for the human-machine interface. In addition, the application of the human-machine interface between industries should also benefit the entire market over the next few years. According to the research report, the global human-machine interface (HMI) market is expected to grow at a CAGR of 12.5% over the forecast period of 2016 to 2024. The opportunity on the Global market expected to reach US $ 11 billion by the end Analysts predict that the global market will experience a steady growth rate due to continued efforts by governments around the world to introduce automation into industries such as oil. and gas, packaging and manufacturing. These efforts are particularly pronounced in regions such as North America and Europe. The increasing adoption of human-machine interface technology in emerging economies is expected to boost the global market in the coming years. Despite the high cost of installing this technology, the market will meet the growing need to bring efficiencies to operational efficiency.
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Multiple end users to increase the demand for HMI services due to # Obstacles in operations
Based on the types of human-machine interface, the global market is segmented into hardware, software and services. The hardware segment is further divided into display, processor / computer, and others such as joysticks and keyboards. The report indicates that the hardware sector held a whopping 57% share in the global market in 2015. Over the forecast period, the services segment is expected to post a steady growth rate due to a demand monumental technical expertise.
Emerging manufacturing sector in Asia-Pacific stimulates regional market
Geographically, the global market is segmented into Asia-Pacific, North America, Europe and the rest. of the world. Of these, the Asia-Pacific should be ahead of the others during the forecast period. The phenomenal pace of the human-machine interface market in Asia-Pacific will be due to the sudden rise in manufacturing activities of emerging economies such as China, Japan, and India. These developing countries should offer lucrative growth opportunities to the market.
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The research report badesses that the introduction of human-machine interface technologies will also be the manufacturers to offer specific customizations and extend the service. North America and Europe will also experience a significant increase in the overall market, with many end-users seeking to ensure operational efficiency in a wide range of work processes.
The competitive landscape in the global human-machine interface market is expected to consolidate in the coming years. The market should also experience a high degree of competition. Some of the key players that make a difference in the global market are Atmel Corporation, Eaton Corporation, Siemens AG, ABB Ltd., Honeywell International Inc., EAO AG, Bartec GmbH, Gefran SPA, General Electric Co., Rockwell Automation. , Inc., Elektrobit Corporation, Parker Hannifin Corporation, Advantech Co. Ltd., American Industrial Systems, Inc., Emerson Electric Corporation, Beijer Electronics Inc., Schneider Electric SE, Danaher Corporation, Yokogawa Electric Corporation, and Omron Corporation. ]
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