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(Wireless-NewsWire.Com, September 19, 2018 ) According to Verified Market Intelligence, the Global Human Machine Interface Market was valued at USD 2.40 Billion in 2017 and is projected to reach USD 4.66 Million by 2025, growing at a CAGR of 8.7% from 2018 to 2025.
Human-machine interface (HMI) is the user interface present in certain devices that connects an operator to the controller and handles human-machine interactions for a manufacturing system. Human-machine interface (HMI) is also referred as man-machine interface (MMI), computer-human interface or human-computer interface. It mainly compromises of hardware and software that allows the translation of user inputs into signals for a machine. These machine signals provide the required results to the users. It has many applications in different industries such as electronics, entertainment, military, medical, etc.
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Increasing demand for enhanced efficiency, growth in I.T and telecom sector, rising electronic, mobile and computer applications have been driving the Global Human Machine Interface Market. While high installation cost and complicated designing structure of HMI might hinder the overall growth at a global level.
The “Global Human Machine Interface Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as ABB Ltd., Honeywell International Inc., Rockwell Automation Inc., Mitsubishi Corporation., Schneider, Electric Se., Emerson Electric Co., Eaton Corporation, Dassault Systems. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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