What is the global market size of the Industrial Display Market?

Global Industrial Display Market size was valued at USD 4.98 billion in 2021 and is poised to grow from USD 5.3 billion in 2022 to USD 8.85 billion by 2030, growing at a CAGR of 6.6% in the forecast period (2023-2030).

Who are the key vendors in the Global Industrial Display Market?

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'

What is the key driver of the Global Industrial Display Market?

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.

What is the key market trend for the Global Industrial Display 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.

Which region accounted for the largest share in the Global Industrial Display Market?

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.

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 Competitive Landscape

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 Market Report Snapshots

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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 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. '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'

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.

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.

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.

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Industrial Display Market Competitive Landscape

Industrial Display Market Report Snapshots

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What is the global market size of Industrial Display Market?

Who are the key vendors in the Industrial Display Market?

What is the key driver of Industrial Display Market?

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Which region accounted for the largest share in Industrial Display Market?

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