The Global Human Machine Interface market is valued at USD 3.306 billion in 2016 and is expected to reach a value of USD 6.16 billion by the end of 2022 , growing at a projected CAGR of 10.94 % during the forecast period of 2017 – 2022 . The second phase of the industrial revolution in the early 1900s was characterized by assembly lines , standardized and specialized machines ( introduction to automation ). Today , industries are moving to the fourth phase called as -˜Industry 4.0 ', characterized by the use of Internet-of-Things ( IOT ) to connect physical objects to the virtual world . While we enter the new phase , automation designers have already realized the importance of human skill sets such as supervision , detection of abnormalities , maintenance and process optimization . Hence , they have incorporated a high-level of collaboration with the machine automation and human operator using HMI , so as to remove the ability of Artificial Intelligence ( AI ) to take decisions on the operator ' s behalf . The growth in the market is fuelling investments from vendors across the value chain into this technology .
HMI is a graphical software application that provides operational process information to the operator or the user enabling interaction between humans and machines , for machines to receive and execute the operator ' s control instructions . HMI increases the efficiency of the user and secures the data . Though , initial high costs associated with deploying such products act as a challenge to its growth , HMIs are not limited to the manufacturing enterprises . They are being increasingly used by various enterprises operating in industry verticals like energy , healthcare and defense .
Request for Sample Copy of Global Human Machine Interface Industry Report @ http :// www . orbisresearch . com / contacts / request-sample / 220615
HMI solutions have evolved a lot over the years and continue to take inspiration from the consumer products . Features such as recognition of hand gestures , 3D-style graphics , iconbased navigations , etc . are being incorporated to create user-friendly and intuitive user interfaces . This report provides a comprehensive analysis of global human machine interface market for the period 2016 to 2021 covering various aspects of the industry , technologies and regional trends contributing towards the growth of this market . Some of the major vendors mentioned in the report are Honeywell , Rockwell Automation , Schneider Electric , Bosch , Mitsubishi , General Electric and others .
2