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

HYDERABAD, India and MINNEAPOLIS, February 11, 2016 /PRNewswire/ --

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%.

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Browse - 90 Market Tables, 70 Figures spread through 225 Pages and an in-depth TOC on "Touch Based Human Machine Interface (HMI) Market".

http://industryarc.com/Report/7505/touch-based-human-machine-interface-market.html

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.

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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.