A potential demand for the expansion of the industrial human-machine interface market is being created by the ongoing trend towards automation and continuous innovative improvements in industrial processes.
Additionally, plant operators are choosing industrial human-machine interface solutions to monitor and carry out crucial control actions in an operational context as well as facilitating advanced visualisation into supervisory and enterprise-level solutions thanks to the development of industrial IoT and the surge in demand for smart automation solutions in the industrial sector.
Additionally, the market for industrial human-machine interfaces may experience growth due to the increasing investments in industrial robots as well as the ideas of digital offices and smart factories. Intelligent and sophisticated industrial automation systems are being adopted by the manufacturing, electronics & electrical, and automotive industries.
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Industrial Human-Machine Interface Market: Competition Landscape
Most of the leading players in the industrial human-machine interface market are focusing on entering into partnerships and collaborations to offer cloud based solutions with advanced technologies such as machine learning, IoT, artificial intelligence. Some of the key players in the industrial human-machine interface market are –
- ABB Ltd.
- Advantech Co., Ltd.
- Schneider Electric
- Siemens AG
- Rockwell Automation, Inc.
- Kontron AG
- Honeywell International
- General Electric.
Industrial Human-Machine Interface Market: Market Dynamics
Due to growing industrial IoT and industry 4.0 technological needs, smart factory automation is increasingly in use in all the industries and hence the demand for smart industrial human machine interface (HMI) is also increasing continuously.
Moreover, the demand for industrial human-machine interface is increasing for both process and discrete industries to enhance efficiency and to optimize regulating production and process targets.
Furthermore, the increasing rate of adoption of industrial automation equipment in the manufacturing sector and growing need of efficiency and monitoring in the manufacturing plant are some of the major factors propelling the growth of industrial human-machine interface market.
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Industrial Human-Machine Interface Market: Regional overview
On the basis of regions, North America is expected to be one of the key market for industrial human-machine interface market owing to the early adoption of advanced technologies and high adoption of advanced manufacturing practices by the companies in the region.
The increasing demand for advanced software solutions in the industrial sector is expected to drive the industrial human-machine interface market in the Europe region. Furthermore, Asia Pacific is expected to create significant growth opportunities, owing to the rising adoption of digital technologies and continuous development of industrial IoT sector in the countries of this region.
Industrial Human-Machine Interface Market: Segmentation
The industrial human-machine interface market has been segmented on the basis of component and vertical.
The Industrial Human-Machine Interface market is segmented on the basis of component:
- Hardware
- Software
- Services
- Professional Services
- Managed Services
The Industrial Human-Machine Interface market is segmented on the basis of vertical:
- Energy & Utilities
- Oil & Gas
- Automotive
- Aerospace & Defense
- Pharmaceutical
- Metals and Mining
- Retail & Consumer Goods
- Transportation & Logistics
- Others
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