HMI Market Forecast to 2024 – CAGR 7 Percent
Published on : Wednesday 27-11-2019
Global Human Machine Interface (HMI) market by component, configuration, technology type, end-use industry & region – forecast to 2024.
Dublin, November 25, 2019 – The ‘Human Machine Interface Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024’ report has been added to ResearchAndMarkets.com's offering.
The global human machine interface market is expected to grow at a CAGR of around 7% during 2019-2024.
The rising trend of digitalisation, along with the introduction of HTML5 and Industrial Internet of Things (IIOT), are the key factors driving the growth of the market. HTML5 and IIoT enable end users to conveniently use new software programs and allow optimal monitoring of machinery and equipment across industries.
Also, enterprises are increasingly focusing on generating customizable and useful interfaces to create more lucrative opportunities in the market. Additionally, there is an increasing preference for multi-touch screens and gadgets for augmented and virtual reality (AR/VR), which is also driving the market further.
Moreover, benefits such as the reduction in operating costs by substituting indicator lights, push buttons, selectors and replacing them with minimalistic tools and control features have increased the adoption of HMI systems across the globe.
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