USD 4.98 billion
Industrial Display Market Size, Share, Growth Analysis, By Type(Rugged Displays, Open Frame Monitors, Panel-Mount Monitors, Marine Displays), By Technology(LCD, LED (Full Array, Edge Lit, Direct Lit)), By Panel Size(Up To 14, 14–21, 21–40, 40), By Application(HMI, Remote Monitoring, Interactive Display (Kiosk), Digital Signage), By Verticals(Manufacturing, Energy & Power, Oil & Gas, Metals & Mining), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45J2160 |
Region:
Global |
Published Date: October, 2024
Pages:
270
|Tables:
150
|Figures:
78
Industrial Display Market Insights
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 rising penetration of multi-featured human-machine interface (HMI) devices, increasing adoption of the Industrial Internet of Things (IIoT), and proliferation of smart industrial displays are some of the factors contributing to the market growth. The industry is gaining prominence on account of innovative features offered by displays, which include automatic touch detectors & touch screen panels, radio frequency identification (RFID); ethernet connectivity, resistance to high temperature, shock, vibration, dust, scratch, and chemicals.
The industry offers a huge investment opportunity as the displays are a suitable replacement for manual processes and outdated push-button technology. It has benefitted from technological advancements in areas such as the Industrial Internet of Things (IIoT), which has improved the effectiveness of predictive analytics. The need for human-machine interface (HMI) devices is increasing, which is propelling the market forward. Cost-effectiveness, durability, system dependability, extreme flexibility, speed, system efficiency, lightweight technology, low-power use, quick installation, longer product lifespan, and configurable features are all factors that contribute to market growth.
During the forecast period, increased consumer demand for high-specification display solutions is also expected to benefit the global industrial display market. The industrial display market's capital-intensive production structure, on the other hand, may limit the market's ability to capitalize on growth possibilities in cost-sensitive regional markets.
US Industrial Display Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
HMI
Fastest Growth
Interactive Display
Growth Rate
6.6% CAGR
Global Industrial Display Market ($ Bn)
Country Share for Asia Pacific Region (%)
To get more reports on the above market click here to Buy The Report
Industrial Display Market Segmental Analysis
Global Industrial Display Market is segmented by Type, Technology, Panel Size, Application, Verticals, and Region. Based on Type, the market is segmented into Rugged Displays, Open Frame Monitors, Panel-Mount Monitors, Marine Displays, Video Wall. Based on Technology, the market is segmented into LCD, LED (Full Array, Edge Lit, Direct Lit), OLED (PMOLED Display, AMOLED Display), E-Paper Display. Based on Panel Size, the market is segmented into Up To 14", 14–21", 21–40", 40" And Above. Based on Application, the market is segmented into HMI, Remote Monitoring, Interactive Display (Kiosk), Digital Signage, Imaging. Based on Verticals, the market is segmented into Manufacturing, Energy & Power, Oil & Gas, Metals & Mining, Transportation. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Industrial Display Market Analysis by Type
As per the industrial display market outlook, the panel-mount monitors segment dominated in 2023 and accounts for a market share of 31.26%. Panel-mount monitors are industrial displays made to be put directly into a control panel or enclosure. They are often manufactured with a rugged shell, bezel, and mounting brackets to survive harsh industrial conditions and offer a secure and sturdy installation. The sizes and resolutions of panel-mount monitors range from tiny displays for embedded systems to large panels for process control applications. They may additionally have touchscreen functionality, high brightness, and several interface options to support numerous industrial applications.
The open frame monitors segment is anticipated to witness the fastest growth, growing at a CAGR of 7.8% throughout the forecast period. Gaming machines, self-service kiosks, ATMs, digital signage, and industrial automation tools are examples of applications that typically use open-frame monitors. This frame is a popular choice for demanding the industrial and commercial applications with modifications and customization as it easily connects custom fences, kiosks, or other devices can be installed. Industrial displays without a bezel or casing are known as open-frame monitors. Widescreen formats are available on open-frame displays, which typically have a sleek style and come in various sizes and resolutions.
Industrial Display Market Analysis by Application
As per industrial display market analysis, the HMI segment dominated the overall market, gaining a market share of 34.01% during the forecast period. An HMI display is a visual display employed in industrial automation systems to give users and operators real-time information. HMI industrial displays can be used alone or with other industrial automation components like programmable logic controllers (PLC) or supervisory control and data acquisition (SCADA) systems to form a more comprehensive solution. They give operators access to real-time data on the condition of the monitored process, including temperature, pressure, flow rate, and other relevant aspects. These displays frequently employ cutting-edge technologies like the high-resolution graphics, touchscreens and tough designs to resist severe industrial conditions.
The interactive display segment is anticipated to witness the fastest growth, growing at a CAGR of 7.7% throughout the forecast period. An interactive display lets viewers engage with digital content using touch, gestures, or other input techniques. It typically consists of a display screen, sensors, and software to allow users to interact or traverse digital content on the screen. Users can engage with digital content on interactive displays by using several input devices, such as touchscreens, styluses, or motion sensors. Applications for interactive displays in industrial environments include monitoring and managing assembly lines, power generation facilities and production operations. They provide operators with real-time information on the status of the monitored process, allowing them to adjust and control the process as needed.
Global Industrial Display Market By Application (%)
To get detailed analysis on other segments, Request For Free Sample Report
Industrial Display Market Regional Insights
As per the industrial display market analysis, the Asia Pacific region dominated and gained a market share of 36.81% in 2023. The demand for industrial displays is being driven by the region, which is home to some of the biggest and fastest-growing economies in the world, including China, Japan, and India. China is the largest market for industrial displays in Asia Pacific due to the rising need for automation and digitalization across the various industries, including manufacturing, healthcare, and the automobile industry. Japan also witnesses significant growth in the industrial display industry owing to the demand for high-quality displays in automobile industry and other application areas.
The North America region is anticipated to witness the fastest growth, growing at a CAGR of 7.6% throughout the forecast period. There is a wide demand for industrial displays in the U.S. and Canada in this region. Furthermore, the rising preference for using industrial displays can be attributed to rising automation, the increasing demand for safer and more effective workplaces, and rising expenditures on cutting-edge technology. Moreover, various major manufacturers of industrial displays, semiconductor components, monitors, and HMIs are based out of this region, making it an important region in the industrial display market. Also, the region is witnessing a rapid adoption of digital signage and video wall in various industries, which is further expected to open new business opportunities for the market players over the forecast period.
Global Industrial Display Market By Geography
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Industrial Display Market Dynamics
Industrial Display Market Driver
Increasing Demand for HMI Solutions in Industrial Automation
- Increasing reliance on automation is driving demand for human-machine interface (HMI) solutions, which play a key role in improving operational efficiency and safety. As HMIs are the fundamental elements of the system, they are essential for maintaining and controlling complex systems. These displays provide real-time data visualization and communication, giving growers insights they can use to improve efficiency. Industries such as construction, oil and gas and energy are actively adopting industrial displays to streamline operations, reduce downtime and increase worker safety.
Increasing Adoption of Advanced Display Technology
- Rapid advances in display devices such as OLED, LCD, and capacitive touchscreen systems have led to significant changes in technology. This advanced display offers better resolution, brightness and durability, making it suitable for challenging environments such as offices and manufacturing facilities. Also features such as multitouch ability and improved awareness of lighting conditions, a strong interior makes these displays more user-friendly and efficient, which will further increase the demand for technical displays.
Industrial Display Market Restraints
Higher Cost Associated with New Display Technologies
- The market faces challenges due to the high cost of adopting new technologies, such as quantum dots and transparent displays despite its potential. Additionally, the market faces stationary growth in sectors, including computers, desktops, laptops, and tablets, limiting display technology development in these areas. These factors hinder the market's ability to fully exploit its potential for innovation and development.
Challenges in Compatibility and Integration
- Integrating technology displays into existing systems can be a complex process due to the compatibility issues. Moreover, a lack of standardization among industry and manufacturers specification further complicates the loose integration that acts as a barrier to greater adoption. Older technology systems require extensive research or additional hardware to support modern display technology and increasing implementation time and costs.
Request Free Customization of this report to help us to meet your business objectives.
Industrial Display Market Competitive Landscape
The industrial display market is highly competitive, with key players focusing on innovation, strategic collaboration and expansion to gain a competitive advantage. This market is dominated by well-established global companies and local players, leading to active and fragmented competition. Leading companies such as Siemens AG, Samsung Display Co. Ltd., LG Display Co. Ltd., Advantech Co. Ltd. dominate the market with their robust products and technological advances. These companies are big in R&D to introduce new durable displays that cater to specific products of various industries.
Industrial Display Market Top Player's Company Profiles
- 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
Industrial Display Market Recent Development
- In June 2022, Winmate launched the M140TG 14-inch, an ultra-rugged tablet designed to provide field customers with connectivity and mobility.
- In June 2022, Samsung Electronics unveiled the 32-inch Samsung Smart Monitor M8.
- In May 2021, Emerson introduced the RXi Industrial Display and Panel PC division, aimed at monitoring, designing and improving daily business performance.
Industrial Display Key Market Trends
- Technological Advancements in Display Industry and Applications to Drive Market Growth: Technological advances in display features include a number of developments aimed at improving responsiveness, visual clarity and functionality. In addition, advances in the display technology include integration with features such as HDR (High Dynamic Range) panels, OLED (Organic Light Emitting Diode) for vibrant colors, and flexible or curved screens for immersive viewing. This trend aligns with the broader shift toward Industry 4.0, where interconnected devices and systems are becoming backbone of the industrial operations.
- Increased Focus on Optimization and User-centered Design: Companies are demanding to align displays tailored to their specific requirements, leading to an increase in the user-centered design and customization. This characteristic ensures technical displays meets the specific needs of businesses, making them more efficient and effective in their operations. Manufacturers offer displays in the harsh environments with specific services such as exceptional connectivity, vibrant construction, and advanced readability.
Industrial Display Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the industrial display market is growing, driven by increasing demand for automation and advanced display technologies across industries. Displays integrated human-machine interface (HMI) systems are essential and have increased operational efficiency. Partnerships aimed at finding industry specific solutions also see increases, making it more dynamic and evolving space. However, challenges such as the high initial cost, maintenance costs, complex integration process hinder the market growth. Despite these challenges, trends such as the rise of smart-connected displays and the increasing focus on customized user-centric designs are shaping the future of the industry. The competitive environment remains robust, with key players such as Siemens AG, LG Display Co., Advantech Co., and other major players lead the market through innovation, strategic collaboration and the technological development.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 5.27 billion |
| Market size value in 2031 | USD 9.30 billion |
| Growth Rate | 6.52% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Industrial Display Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Industrial Display Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Industrial Display Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Industrial Display Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Industrial Display Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Industrial Display Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
