Global Industrial Display Market

Global Industrial Display Market Size, Share, Growth Analysis, By Technology(LCD, LED), By Enterprise Size(Small, Medium), By Organization size(Large Enterprises, SME’s), By Application(Marine, Oil & Gas), By Type(Rugged Displays, Open-Frame Monitors) - Industry Forecast 2024-2031

Report ID: SQMIG45J2160 | Region: Global | Published Date: February, 2024
Pages: 270 | Tables: 150 | Figures: 78

Global Industrial Display Market Competitive Landscape

To enhance their competitive position in the global industrial display industry, key players are now focusing on implementing strategies such as adopting new technology, product innovations, mergers and acquisitions, joint ventures, alliances, and partnerships. For instance, Emerson introduced the RXi industrial display and panel PC portfolio with the goal of monitoring, visualizing, and improving day-to-day manufacturing operations. RXi industrial displays are compatible with Emerson's Programmable Automation Control (PAC), Programmable Logic Control (PLC), and third-party control systems.

The second instance is related to the acquisition of Jaco Display Solutions LLC, which manufactures and supplies touch panels, rugged LCDs, engineering services, optical bonding, and repair and replacement services by Video Display Corp.

Industrial Display Market Top Player's Company Profiles

  • Samsung Electronics
  • LG Display
  • Sharp (Foxconn)
  • Innolux Corporation
  • Japan Display Inc.
  • AU Optronics Corp.
  • Tianma Microelectronics Co., Ltd.
  • BOE Technology Group Co., Ltd.
  • Advantech Co., Ltd.
  • Mitsubishi Electric Corporation
  • NEC Display Solutions, Ltd.
  • Panasonic Corporation
  • Planar Systems, Inc.
  • Siemens AG
  • Koninklijke Philips N.V.
  • Schneider Electric SE
  • Rockwell Automation, Inc.
  • Honeywell International Inc.
  • Emerson Electric Co.
  • Yokogawa Electric Corporation

Industrial Display Market Recent Development

  • In September 2022, ViewSonic Corp, a visual solutions provider, introduced the TD2465 touch monitor, a 24-inch touchscreen for retail, industrial, and commercial environments. It has multi-touch modes that are sensitive to styluses, gloved fingers, and wet hands, and it works with the ViewSonic touch controller software to manage on-screen display settings without the use of physical buttons.
  • In September 2022, TCL Introduces New High-Performance Models for its 2022 Premium TV Line-up. The company announced the cost and availability of its new premium models, which feature QLED and Mini-LED technology and the user-friendly Roku TVTM streaming platform.
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FAQs

Industrial Display Market size was valued at USD 4.98 billion in 2019 and is poised to grow from USD 5.3 billion in 2023 to USD 8.85 billion by 2031, growing at a CAGR of 6.6% in the forecast period (2024-2031).

To enhance their competitive position in the global industrial display industry, key players are now focusing on implementing strategies such as adopting new technology, product innovations, mergers and acquisitions, joint ventures, alliances, and partnerships. For instance, Emerson introduced the RXi industrial display and panel PC portfolio with the goal of monitoring, visualizing, and improving day-to-day manufacturing operations. RXi industrial displays are compatible with Emerson's Programmable Automation Control (PAC), Programmable Logic Control (PLC), and third-party control systems. 'Samsung Electronics', 'LG Display', 'Sharp (Foxconn)', 'Innolux Corporation', 'Japan Display Inc.', 'AU Optronics Corp.', 'Tianma Microelectronics Co., Ltd.', 'BOE Technology Group Co., Ltd.', 'Advantech Co., Ltd.', 'Mitsubishi Electric Corporation', 'NEC Display Solutions, Ltd.', 'Panasonic Corporation', 'Planar Systems, Inc.', 'Siemens AG', 'Koninklijke Philips N.V.', 'Schneider Electric SE', 'Rockwell Automation, Inc.', 'Honeywell International Inc.', 'Emerson Electric Co.', 'Yokogawa Electric Corporation'

The global market for industrial displays is expanding due to rising demand for human-machine interface (HMI) implementations in the process and manufacturing industries. Human Machine Interfaces (HMIs) and other displays can respond to changing production demands and carefully monitor production processes, reducing downtime and increasing workforce efficiency. This trend is causing the market to expand. Furthermore, the market is expanding due to the increasing demand for digital signage applications across industries. Furthermore, the market has expanded at a rapid pace in recent years as a result of the growing acceptance of LED and LCDs, as well as the widespread adoption of IoT-based technologies. The industrial display offers advantages such as cost-effectiveness, reliability, system stability, exceptional adaptability, speed, efficiency, portable technology, moderate usage, ease of installation, extensive product life expectancy, and fully customizable features, thereby positively impacting the market.

Recently, it has been discovered that slimmer large industrial displays outperform their larger counterparts in terms of effectiveness, pixel density, and space consumption, increasing their marketability. Even though slim-framed major manufacturing displays can better meet end users' quest for optimizing manufacturing capabilities, their adoption is expected to remain high in key industries such as automotive and transportation, and electrical and electronics. Large industrial displays, on the other hand, are likely to face a "battle of adoption" from the updated breakthrough technology, such as screen-less displays with 4k screen resolution and projectors. With the massive energy requirements of major manufacturing displays, ‘screen-less' displays will likely pose significant competition to both large and touchscreen displays.

North America held the largest global industrial display market share in 2021 and is expected to continue during the forecast period. The United States is a significant contributor to the region's Industrial Display market growth. North America is the largest regional market in the global Industrial Display market Increased use of digital signage and HMIs in North America is expected to generate new business opportunities over the forecast period. Furthermore, the growing popularity of industrial automation, rising investment in IoT applications, and multi-featured HMI devices may accelerate the use of industrial display capabilities in this market.

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