Open-system HMI market expected to triple
The worldwide market for open-system human-machine interfaces (HMIs) will more than triple over the next five years, according to a recent study by IMS Research. The market is projected to grow at a 25.4% compound annual growth rate (CAGR) from an estimated $48.8 million in 2003 to approximately $151.
The worldwide market for open-system human-machine interfaces (HMIs) will more than triple over the next five years, according to a recent study by IMS Research. The market is projected to grow at a 25.4% compound annual growth rate (CAGR) from an estimated $48.8 million in 2003 to approximately $151.3 million in 2008.
Open HMIs use an open operating system, typically Microsoft Windows CE. IMS reports that firms offering these products have increased recently, which has expanded available products and marketing that is educating users and raising awareness of open HMIs. These factors account for a large proportion of the forecast growth, adds IMS. Open HMIs fill a gap in the market between traditional proprietary HMI products and completely open, industrial panel PCs. Open HMIs typically offer increased functionality and flexibility over traditional HMIs at a lower cost than industrial PCs.
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Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey