The global human machine interface market is predicted to grow at a 9% CAGR between 2017- 2023, states the recent Market Research Future (MRFR) analysis. A human-machine interface or HMI, simply put, is a component in an electronic device, which allows the user in communicating and interacting with the system or machine efficiently. Embedded HMI and standalone HMI are its different components. Owing to its alluring features and plentiful benefits, it has wide applications in different industries such as food and beverages, oil and gas, pharmaceutical, semiconductor, automotive, and others.
Various factors are propelling the global human machine interface market share. According to the recent MRFR report, such factors include the growing use of industrial automation equipment in the manufacturing sector, burgeoning demand for the smart automation solution, the emergence of industrial IoT, efficient monitoring in manufacturing plants, and rising adoption of industrial automation in the manufacturing industry. Additional factors adding market growth include demand for smart automation solutions, and growing need for monitoring and efficiency in manufacturing plants.
On the contrary, price fluctuations, disruption in supply, reduction in production, lack of standardization, high installation cost, security and safety issues, lack of awareness among management-level individuals & lack of skilled experts, and the on-going COVID-19 impact are factors that may limit the global human machine interface market growth over the forecast period.
Read more@ https://www.marketresearchfuture.com/reports/human-machine-interface-market-1092
Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global human machine interface (HMI) industry based on end user, configuration type, and components.
By components, the global human machine interface market is segmented into software and hardware. The hardware segment is again segmented into advanced PC-based HMI, advanced panel-based HMI, basic HMI, and others. Of these, the software segment will lead the market over the forecast period.
