Global Human Machine Interface (HMI) Market 2014-2018

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Apr 25, 2014, 05:54 ET

DUBLIN, April 25, 2014 /PRNewswire/ --

Dublin - Research and Markets (http://www.researchandmarkets.com/research/fbl6lt/global_human) has announced the addition of the "Global Human Machine Interface (HMI) Market 2014-2018" report to their offering.

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The analysts forecast the Global Human Machine Interface (HMI) market to grow at a CAGR of 9.98 percent over the period 2013-2018. One of the key factors contributing to this market growth is the growth in industrial automation. The Global HMI market has also been witnessing the development of next-generation systems. However, the continuous decline in product prices could pose a challenge to the growth of this market.

The report, the Global HMI Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global HMI market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

HMI vendors are continually developing their technology to survive in the competitive business environment in which they operate. They have started developing proactive HMI systems that act as diagnostic tools and help implement preventive measures in manufacturing plants. With the help of these proactive HMI systems, end-users can locate and control production-related problems. In addition, these HMI systems have video capabilities.

According to the report, the growth in industrial automation is one of the major drivers in the market. The Process industry in the APAC region is growing faster than the global Process industry, creating a positive impact on the HMI market in this region.

Further, the report states that the continuous decline in product prices is one of the major challenges in the market. The prices of HMI systems are steadily declining as a result of the increased popularity of open source HMI software and the easy availability of low-cost HMI systems. These factors have a negative effect on the pricing strategy of HMI vendors.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key Topics Covered:

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report

04. Market Research Methodology

05. Introduction

06. Market Landscape

07. Market Segmentation by End-users

08. Geographical Segmentation

09. Buying Criteria

10. Market Growth Drivers

11. Drivers and their Impact

12. Market Challenges

13. Impact of Drivers and Challenges

14. Market Trends

15. Trends and their Impact

16. Vendor Landscape

17. Key Vendor Analysis

18. Other Reports in this Series

Companies Mentioned: