Touch Based Human Machine Interface (HMI) Market Estimated to Reach $32.6 Billion by 2020 with Increasing Demand from Oil & Gas - IndustryARC Analysis

According to the report “Touch Based Human Machine Interface (HMI) Market Analysis: by Touch Screen Type (Resistive, Capacitive); by Components (MCU, PMIC, Sensors); by Product Type (PLC, Controllers); by Applications (Industrial Automation, Digital Signage, Automotive) - Forecast (2015 – 2020)”, published by IndustryARC, the touch based human machine interface market to grow $32.6 Billion by 2020 at a CAGR 26.7%.

Browse - 40 Market Tables, 143 Figures spread through 225 Pages and an in-depth TOC on “Touch Based Human Machine Interface (HMI) Market”

The technological advancements attained in the field of automation and the evolution of touch screen technology has discovered a common platform to deliver new range of control function modules across all industrial applications both in industrial and commercial sector. Touch based human machine interface are one of the emerging technology and is all set to showcase significant penetration across all the leading end user industry verticals. The touch based human machine is an instinctive programming interface that allows operators to make efficient decisions and establish fast communication network with the help of Internet of Things (IoT) concept. Touch screen HMIs have turned out to be an efficient solution for automation for a wide range of applications in manufacturing, digital signage, automotive, aerospace, retail and so on. The product has gained more adaptation in the commercial sector apart from its broad range of applications in industrial automation. In industry applications, touch based applications are basically used as operator panels, control and monitoring devices and industrial PCs. 

The growth in the touch screen HMIs Market can be attributed to the increase in demand for the connected products and the high standards set by the industries to meet the production target. 

The market for touch based HMIs are all set to propel into the commercial sector with a broad range of application in retail, branding, advertising and for promotional activities. The use of digital signage, Point of Sale (PoS), interactive kiosks is perceived to propel in the coming years on the back of the initiatives towards a digitized world, closely following the growth of Industrial IoT and Smart Factory concept or Industry 4.0. The market is also backed by the accelerating demand of touch screen panels in both passenger vehicles and commercial vehicles for driver assistance applications. The price of the advanced software for data visualization and interpretation could pose a threat to the adaptation of the touch screen HMI devices. However, the functions performed by these HMIs and the ability of these devices to cut short time and to bring down the operating expenses will certainly overpower the constraints and challenges for the touch screen HMI market.

The Asia Pacific market for the touch based HMIs is forecast to witness high rate of adaptation compared to other regions. The presence of a large number of developing markets in the APAC is one of the key factors driving the growth of the touch screen HMI Market. China, India and South East Asian countries are speculated to make huge investments in the automation sector by 2018 to equip their manufacturing and industrial plants with automated solutions to improvise the production process and achieve set targets. Japan being one of the technologically advanced nations is a significant market for touch screen HMIs and is currently using these devices across all sorts of industry verticals at a higher scale. Australia and New Zealand are the mature markets but the touch based HMIs shipments are projected to surge as the countries are shifting towards more automated and advanced military equipment.

Touch based HMI manufacturers have utilized mergers and acquisitions as well as product launches to augment entry into related markets and enhance core competencies through additions to product portfolio as well as leveraging capabilities of acquired companies to gain a foothold in the emerging markets.

Touch based HMI Market Report provides detailed analysis of the different type of touch based screen type and component. 

The overall market is also presented from the perspective of different geographic regions and the key countries for this industry.  Competitive landscape for each of the product types is highlighted and market players are profiled.

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