Operator interface terminal market forecast
A
Venture Development product story
Edited by the Engineeringtalk editorial team
Aug 2, 2006
North American markets for industrial electronic monitors, operator interface terminals, and associated software - sixth edition", forecasts the market for industrial operator interface terminals
A new market report by Venture Development Corporation, "The North American Markets for Industrial Electronic Monitors, Operator Interface Terminals, and Associated Software - Sixth Edition", forecasts the market for industrial operator interface terminals will increase from $612.5 million in 2005 to $898.2 million in 2010, at a compound annual growth rate (CAGR) or 8.0%.
A number of product trends are making adoption more attractive, particularly declining component and subsystem costs (primarily for displays).
These trends are strongly aided by increasing demand and production capabilities for these in non-industrial consumer and commercial markets.
Additional factors expected to drive this growth include the: expansion and upgrade of manufacturing facilities/operations; growth of shipments to North American OEMs and system integrators serving worldwide markets; increased automation and coordination of overall factory operations; increased demand for more data as improved efficiency within the factory leads to higher productivity - including data sharing and the need for greater reporting capability (particularly in real time); more government agency mandates relative to records; and the ongoing shift from switch and lamp panels to electronic operator interfaces.
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