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

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The industry offers a huge investment opportunity as the displays are a suitable replacement for manual processes and outdated push-button technology.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.