Operator Panels for India

The Operator Panels for India Market Research delivers current market analysis plus a five-year market and technology forecast.  The research is available in multiple editions including industries, revenue category, and different hardware types. The market is expected to grow at a mid-single-digit CAGR during the forecast period.

Operator Panels: Digital Transformation Shapes the Market Dynamics 

The Indian operator panels market declined by single digits in 2020 due to the detrimental impact of the pandemic. The market is expected to bounce back in 2021 with a double-digit YoY growth and will continue to grow by single digits YoY during the rest of the forecast period.

The digitalization of the automation business is the driving force for the operator panels market in automation (as it is for several devices). Whether you call it Industrial IoT or Industry 4.0, many of the approaches come from consumer goods markets, such as multi-touch, cloud, or Edge computing. The suppliers in this market witness potential market opportunities for visualization, reporting, and monitoring industrial operations using panels. Both HMI hardware and software solutions and associated services are expanding with the availability of increasingly more data—now and in the future due to technologies such as Industrial IoT and the Edge. 

Technological trends include digitalization of industrial operations. Industrial operations have begun to focus on smart data, instead of just Big Data, that combines product know-how and process expertise with data analytics. This helps reduce unplanned downtimes and improve operational efficiency and enables better decisions. Panels play a key role in the analysis and visual representation of such industrial data, and therefore, ARC expects the market to have a stable growth during the forecast period. 

Standardization, interconnectivity, multi-touch, haptic response, and other consumer-industry trends are influencing the market for operator panels. However, in order to reap the potential benefits of these technologies, the appropriate combination of hardware and software must be used, and this must adhere to the visualization concept for the specific industrial application.

The market for operator panels is dominated by Siemens, Mitsubishi Electric, Rockwell Automation, and Schneider Electric. Overall, ARC analysis suggests that broad automation portfolios clearly enable suppliers to garner defensible leadership positions.

Operator Panels Market Strategic Issues

In addition to providing a five-year market forecast, the operator panels for India market research provides detailed quantitative current market data and addresses key strategic issues as follows.

Strategic Issue for Vendors: Adoption of Latest Technologies

Leading companies typically not only rely on their installed base but also position themselves as technology leaders. Technology leaders can increase market share while avoiding price competition by adopting technological trends early and working closely with key customers to keep ahead of the growing number of followers. When sold as a standalone product, operator panels can provide significant value. For new machines, large screens, high definition/high-resolution displays, widescreens, multi-touch capability, and communication capabilities are among the most important criteria, whereas retrofit products are more important for existing machinery designs.  

Strategic Issue for Users: Evaluating Suppliers and their Solution Capabilities

End users need to evaluate a supplier for not only their product portfolio but also for their capabilities for automation solutions. Users need to evaluate suppliers for the important aspects of its applications. These aspects include:

• How quickly could a more cost-effective route to an optimum solution be achieved with the supplier’s product portfolio and its experience in similar applications?
• Can a high level of integration be achieved? Will the solution be scalable?
• Does the solution allow users to customize their unique requirements quickly and cost-efficiently?
• Does the solution offer forward compatibility for maximum investment protection?
• Does the supplier offer a consulting approach that will help view automation as a business enabler and help create a business case to justify the investments?

Strategic Issue for All Market Participants: Coronavirus Pandemic

The coronavirus outbreak has caused disruptions to supply chains and business operations. The pandemic did impact the 2020 demand for operator panels moderately. The market projections do take into account industry trends with ARC’s best estimates for how the pandemic will impact the Indian operator panels market in different industries.