The Industrial Display by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Industrial Display, The industrial
display market size has grown strongly in recent years. It will grow from $5.34
billion in 2023 to $5.73 billion in 2024 at a compound annual growth rate
(CAGR) of 7.3%. The growth in the historic period can be
attributed to industrial automation, rising demand in manufacturing, government
initiatives, globalization of industries, increased focus on user interface
(ui) design, cost reduction and increased affordability.
The industrial display market size is expected to see strong growth in the next
few years. It will grow to $7.55 billion in 2028 at a compound annual growth
rate (CAGR) of 7.2%. The growth in the
forecast period can be attributed to increasing emphasis on augmented reality
(ar) and virtual reality (vr), energy efficiency and sustainability,
cybersecurity concerns, customization and modular display solutions, rapid
growth in emerging markets. Major trends in the forecast period include
industry 4.0 integration, demand for high-resolution displays, increased use of
touchscreen technology, focus on robust and durable designs, adoption of led
backlit displays.
The rising adoption of IoT-based devices is expected to propel the growth of
the industrial display market going forward. The internet of things (IoT) is a
networked system of interconnected computing devices, that connects with unique
identities (UIDs) and sends data over a network without the need for
human-to-human or human-to-computer contact. IoT devices generate and collect
massive amounts of data that need to be visualized and analyzed in real-time,
and industrial displays provide the necessary interface for this task.
Moreover, IoT devices require displays that are durable, reliable, and offer
high visibility even in harsh environments. For instance, in November 2022,
according to a report published by Ericsson, a Sweden-based networking and
telecommunications company, in 2022, there were 13.2 billion active IoT device
connections, which are predicted to increase to 34.7 billion active IoT device
connections by 2028, with an annual growth rate of 18%. Therefore, the rising
adoption of IoT-based devices is driving the industrial display market.
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The industrial display market covered in this report is segmented –
1) By Type: Rugged Displays, Open-frame Monitors, Panel-Mount Monitors, Marine
Displays, Video Walls
2) By Technology: Liquid Crystal Display(LCD), Light-Emitting Diode(LED),
Organic Light-Emitting Diode(OLED), E-paper
3) By Panel Size: Up to 14”, 14-21”, 21-40”, 40” And above
4) By Application: Human-Machine Interface (HMI), Remote Monitoring,
Interactive Display, Digital Signage, Imaging
5) By End-User: Manufacturing, Mining And Metals, Oil And Gas, Energy And
Power, Transportation
Product innovations are a key trend gaining popularity in the industrial
display market. Major companies operating in the industrial display market are
focused on developing innovative solutions to strengthen their position in the
market. For instance, in March 2022, Advantech Co. Ltd, a Taiwan-based firm
that provides unique embedded and automation products and solutions, released
the PPC-115W and PPC-112W RISC-based android panel PCs aimed at industrial
digitalization. The device has a 15.6” (HD or FHD) and 11.6” panel display,
respectively, with multi-touch P-CAP control and a dual-core ARM Cortex-A72 and
quad-core Cortex-A5 CPU. The product's unique characteristic is that it comes
with an Android 10 operating system and built-in WISE-IoTSuite/AppHub remote
management.
The industrial display market report table of contents includes:
1. Executive Summary
2.
Industrial Display Market Characteristics
3.
Industrial Display Market Trends And Strategies
4.
Industrial Display Market - Macro Economic Scenario
5. Global
Industrial Display Market Size and Growth
.
31. Global Industrial Display Market Competitive Benchmarking
32. Global
Industrial Display Market Competitive Dashboard
33. Key
Mergers And Acquisitions In The Industrial Display Market
34.
Industrial Display Market Future Outlook and Potential Analysis
35.
Appendix
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