The Internet of Things (IoT) is now also outreaching the Touch Based Human Machine Interface, which is an instinctive programming interface that allows operators to make efficient decisions and establish fast communication network. These 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.
MARKET TRENDS & MARKET GROWTH:
The growth in the Touch Based Human Machine Interface 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.
According to the latest market research report by IndustryARC, the Touch Based Human Machine Interface Market shall most probably touch and cross the $32 Billion Mark during the forecast period 2015-2020. The experts also estimate that the market will grow at a 26.7% CAGR during the same years. The major source in terms of application, to which the success of the market will owe to, is the demand from Factory and Building Automation Applications.
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Touch based HMI are one of the emerging technologies and is all set to take a significant shift in all the leading end user industry verticals. As discussed earlier, the technological advancements in the field of automation has been and is continuing to be a platform for the growth and development of the HMI Market. The evolution of touch screen technology is another market segment which delivers new range of control function modules across all industrial applications both in industrial and commercial sector. The product has gained more adaptation in the commercial sector apart from its existing 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...