Product ID: SQMIG45J2160
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 Insights
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).
The global industrial display market is being driven by rapid technological advancements, the emergence of high-definition screens with curved edges and touch screens, increased brand promotion, and the growing adoption of IoT. However, the high cost and maintenance of these systems limit the market growth. Furthermore, increased corporate investment in the development of displays for outdoor applications is expected to open up new market opportunities. The Global Industrial Display Market share is primarily fueled by an increasingly complicated network of systems that underpins the global digital economy. Because the market is heavily reliant on computing machines, the industry has developed various anti-ransomware verticals such as complicated systems, protected internet gateways, and numerous domains.
The growing demand for multi-featured HMIs and smart touch screen displays is driving advancement and innovation. Regulations governing the manufacture and sale of industrial displays vary by region or country. For instance, the European Union Law on the Constraints of Hazardous Substances (RoHS) has limited the use of cadmium, lead, mercury, and hexavalent chromium in electronic equipment, as well as flame retardants such as Polybrominated Diphenyl Ethers (PBDE) or Polybrominated Biphenyls (PBB). However, the increasing adoption of multi-featured Human-Machine Interface (HMI) devices, the Industrial Internet of Things (IoT), and the proliferation of intelligent industrial displays are some of the factors driving the market growth. The displays' innovative features, such as multitouch panels and automatic touch detectors; RFIDs; Ethernet connectivity; and resistance to extreme temperatures, shock, vibration, dust, scratch, and chemicals, are propelling the industry forward.
US Industrial Display Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Industrial Display Market Report Snapshots
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