Global Operator Terminal Market to Exceed $3 billion by 2022, says IHS Markit

Global Operator Terminal Market to Exceed $3 billion by 2022, says IHS Markit Image Credit: IHS Markit

The global operator terminal market – including text-based, basic graphical, advanced graphical, portable, embedded PLC hardware and web panel – grew more than 10 percent year over year, reaching $2.4 billion in 2017, according to IHS Markit.

The market is expected to exceed $3 billion by 2022. Europe, Middle East and Africa (EMEA) continued to be the largest regional market for operator terminals in 2017, accounting for around 35 percent of global revenue, followed by Asia Pacific and the Americas. With large-scale investment in downstream industries, the Asia-Pacific market experienced the fastest revenue growth, over 15 percent. This rising market is predicted to continue, leading growth across all regional markets from 2017 to 2022

Web panels are forecast to grow fastest from 2017 to 2022, due to the increasing global deployment of web-based solutions. Advanced graphical operator terminals will continue to be the mainstream product type during the forecast period.

After experiencing a contraction in 2015, the global operator terminal market started to pick up beginning in the fourth quarter of 2016 and achieved record-high 10 percent year-over-year growth in 2017. The global economic upturn, recovering processing industries and increasing machinery production investment were the key reasons for the rising demand for operator terminals.

From a technical perspective, the role of operator terminals within industrial automation systems is not limited to daily operation and monitoring. They are also increasingly being used for processing and analyzing data locally; conversing protocols and exchanging data among machines; enabling remote access via mobile devices; and incorporating soft programmable logic control (PLC) and motion control. As operator terminals become even more mission critical, market growth will continue to rise through 2022, says IHS Markit.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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