The ‘Global Industrial Display Market Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global industrial display market, assessing the market based on its segments like types, applications, technologies, panel sizes, end uses, and major regions.
Industrial Display Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): Over USD 5.79 Billion
- Forecast CAGR (2023-2028): 87%
The industrial display market value has been positively impacted by the rise of industrial automation across a number of industries, including manufacturing, oil and gas, automotive, and aerospace. These displays are crucial for operating automated systems, monitoring industrial processes, and visualising real-time data.
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Human-Machine Interface (HMI) systems play a crucial role in industrial settings by facilitating interaction between operators and machines. HMI systems cannot function without industrial displays, which give operators access to real-time data, control options, and alarms. In the coming years, the demand for improved industrial displays is anticipated to increase amid the surging preference for more user-friendly and intuitive interfaces.
Industrial Display Market Definition and Major Segments
Industrial display refers to monitors that are designed and manufactured for specific applications. They have increased durability to endure hazardous conditions in different industrial applications. They are available in multiple varieties, including panel mount, rack mount, open frame, and others, and they come in a wide range of sizes and resolutions.
The market, based on type, is divided into:
- Rugged Displays
- Open Frame Monitors
- Panel Mount Monitors
- Marine Displays
- Video Walls
On the basis of application, the market is segregated into:
- Remote Monitoring
- Interactive Display
- Digital Signage
Based on technology, the market is divided into:
The market, on the basis of panel size, is segmented into:
- Up to 14”
- 40″ and Above
The various end uses of industrial display are:
- Mining and Metals
- Oil and Gas
- Energy and Power
The major regional markets of industrial displays include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Industrial Display Market Trends
The adoption of Industry 4.0 concepts and the incorporation of IoT in industrial settings have increased industrial display market demand. For visualising and analysing the enormous volumes of data created by linked devices, sensors, and machines, these displays are essential.
A growing number of industrial settings now use touchscreens because of their simplicity, interactivity, and simple user interface. Industrial touchscreens enable gesture-based controls, streamline workflows, and do away with the need for additional input devices. Hence, they are used in operator panels, control rooms, and process automation.
To monitor and manage complex processes, various sectors including energy, utilities, and logistics need large-scale visualisation systems. Operators can better visualise data, maps, schematics, and process flows by using high-quality industrial displays with huge screen sizes. This is one of the key industrial display market drivers boosting the demand for large-format and video wall displays in commercial settings.
Key Market Players
The major players in the industrial display market report include LG Display Co., Ltd., Samsung Display, Advantech Co., Ltd., WinMate, Inc., and Maple Systems, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
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