Industrial Operator Interface Terminals: Showing Strong Growth; Many Drivers
Natick, Massachusetts - July 31, 2005 - 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.
Forecast Shipment Growth Rates for Operator Interface Terminals to North American Markets by Types (CAGRs from 2005 through 2010)
Alphanumeric: 3%
Graphic: 7%
Portable: 13%
Web Browser: 19%
Additional factors expected to drive this growth include the:
o Expansion and upgrade of manufacturing facilities/operations.
o Growth of shipments to North American OEMs and system integrators serving worldwide markets.
o Increased automation and coordination of overall factory operations.
o 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).
o More government agency mandates relative to records.
o Ongoing shift from switch and lamp panels to electronic operator interfaces.
About VDC
Venture Development Corporation (VDC) is an independent technology market research and strategy consulting firm that specializes in a number of industrial, embedded, component, retail automation, RFID, AIDC, datacom/telecom, and defense markets. VDC has been operating since 1971, when the firm was founded by graduates of the Harvard Business School and Massachusetts Institute of Technology. Today, we employ a talented collection of analysts and consultants who offer a rare combination of expertise in the market research process; experience in technology product and program management; and formal training in engineering and marketing. VDC's clients include thousands of the largest and fastest-growing tech suppliers in the world and the most successful investors participating in the markets we cover.
For further information about "The North American Markets for Industrial Electronic Monitors, Operator Interface Terminals, and Associated Software - Sixth Edition" or any other VDC service, contact:
Jim Taylor,
Group Manager,
508.653.9000 ext. 121,
jimt@vdc-corp.com
