Asia-Pacific Human Machine Interface Market - By Type of Offering (Hardware, Software, Services), End-user Industry, Country - Growth Trends, and Forecast (2018 - 2023)
The Asia-Pacific Human Machine Interface Market was valued at USD 778.93 million in 2017, and it is expected to reach a value of USD 1529.39 million by 2023, at a CAGR of 12.0%, over the forecast period.
The growth of the market is mainly due to the rapid economic growth in the developing nations of Asia-Pacific and large investment in automation to reduce production costs.
HMI provides operational process information to the operator or the user, enabling interaction between humans and machines and for machines to receive and execute the operator’s control instructions. HMI increases the efficiency of the user and secures the data. Though initial high costs associated with deploying such products act as a challenge to its growth, HMIs are not limited to the manufacturing enterprises. They are being increasingly used by various enterprises operating in industry verticals like energy, healthcare, and defense. HMI solutions have evolved a lot over the years and continue to take inspiration from consumer products. Features such as recognition of hand gestures, 3D-style graphics, icon-based navigations, etc. are being incorporated to create user-friendly and intuitive user interfaces.
Some of the factors driving the market include-
- Increasing usage in industrial automation
- Most enterprises are now moving towards mobility
- Benefits of efficiency and data security
- The high initial costs restrain the market.
This report provides a comprehensive analysis of Asia-Pacific Human Machine Interface Market for the period 2016 to 2021, covering various aspects of the industry, technologies, and regional trends contributing towards the growth of this market. The report will be of assistance in providing a comprehensive analysis of the major trends, innovations, and associated prospects for market growth over the coming half a decade. It is an ideal source material for industry consultants, manufacturers, and other interested and allied parties to gain a critical insight into the factors driving and restraining the market, in addition to opportunities offered. The report contains a wide range of information about the leading market players and the major strategies adopted by them.
Major Players - ABB Ltd, Honeywell International Inc., Rockwell Automation Inc.,Mitsubishi Corporation, Schneider Electric Se, Emerson Electric Co., General Electric Co., Texas Instruments Inc., Yokogawa Electric Corporation, Siemens Corporation, Robert Bosch Gmbh, Atlas Copco Ab, Eaton Corporation, Beijer Electronics Group Ab, Microchip Technology Inc., Advantech Co. Ltd, And Toshiba Corporation Among Others
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- Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
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