Global Industrial Display Market

Industrial Display Market Size, Share, Growth Analysis, By Type (Rugged Displays, Open Frame Monitors), By Technology (LCD, LED), By Panel Size (Up To 14", 40" And Above), By Application (HMI, Interactive Display (Kiosk)), By Verticals (Manufacturing, Energy & Power), By Region - Industry Forecast 2024-2031


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

Industrial Display Market Insights

Global Industrial Display Market size was valued at USD 5.27 billion in 2022 and is poised to grow from USD 5.61 billion in 2023 to USD 9.30 billion by 2031, growing at a CAGR of 6.52% during 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.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Industrial Display Market size was valued at USD 5.27 billion in 2022 and is poised to grow from USD 5.61 billion in 2023 to USD 9.30 billion by 2031, growing at a CAGR of 6.52% during 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 Co., Ltd.  ', 'LG Display Co., Ltd. ', 'Panasonic Corporation ', 'Sharp Corporation ', 'Leyard Optoelectronic Company ', 'Innolux Corp. ', 'AU Optronics Corp. ', 'Pepperl+Fuchs ', 'Advantech Co., Ltd. ', 'General Electric ', 'Schneider Electric SE ', 'Siemens AG ', 'Rockwell Automation Inc. ', 'Japan Display Inc. ', 'Tianma Microelectronics Co., Ltd. ', 'BOE Technology Group Co., Ltd. ', 'Mitsubishi Electric Corporation ', 'Koninklijke Philips N.V. ', '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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Industrial Display Market

Report ID: SQMIG45J2160

$5,300
BUY NOW GET FREE SAMPLE