Industrial Display Market: Global Industry Analysis And Forecast (2023-2029)

Industrial Display Market is expected to reach USD 9.14 billion by 2029, with a CAGR of 6.13 % between 2022 and 2029.

Industrial displays are a type of display system that offers a wide range of dependable display screens, including digital signage displays, industrial touch monitors, and customized monitors. The industrial display market is divided into three segments: technology, type, end-user, and region. In addition, the report gives a broad overview of the Industrial displays market, highlighting common patterns and providing data that may be tweaked as required. MMR analysts are examining the intangible truths underlying the market's basic limitations, opportunities, and threats that are expected to affect its growth during the forecast period To know about the Research Methodology :- Request Free Sample Report
Industrial Display Market Dynamics
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. Similarly, throughout the forecast period, rising adoption of IoT-based devices, enhanced development in LED-backlit LCD-based display solutions, technical advancement of high-spec display devices, and increasing demand for digital signage displays are likely to see rapid growth.

Because of the increased acceptance of LED and LCD displays, the rising demand for HMI devices, and the rising usage of IoT-based technologies, the market has grown at a promising rate in recent years. In 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.

The growth of the industrial display market is being aided by rising demand for HMI devices.
The global market for industrial displays is growing because of the rising demand for human-machine interface (HMI) applications in the manufacturing and process sectors. Human Machine Interfaces (HMIs) and other displays can adapt to changing production demands and closely monitor production operations, reducing downtime and enhancing employee productivity. The market is growing as a result of this tendency. Furthermore, the market is expanding because of the increasing need for digital signage applications in sectors.

Secondly, the market has grown rapidly in recent years as a result of the growing popularity of LED and LCD displays, as well as the growing usage of IoT-based technologies. Cost-effectiveness, durability, system reliability, extreme adaptability, speed, system efficiency, lightweight technology, low-power usage, easy installation, extended product lifespan, and customizable features are all advantages of the industrial display, which have a positive impact on the market.
Industrial Display Market Segment Analysis
In 2022, LCD technology accounted for more than 40% of total sales. However, throughout the forecast period, its revenue share of the entire market is likely to fall. This might be due to the growing popularity of OLED technology, which offers pixel-by-pixel brightness adjustment that isn't possible in LCDs or LEDs. Secondly, as compared to LCDs and LEDs, OLEDs control contrast effects better. Over the forecast period, OLED technology is expected to grow at the fastest rate.
Industrial Display Market Regional Insights
In 2022, the North American region dominated the industrial display market, accounting for more than 30% of total sales. Increased expenditures in IIoT applications and multi-featured HMI devices are the factors for the markets growth in the region. Over the forecast period, the region's increased usage of HMIs and digital signs is likely to bring up new business prospects. Additionally, the region was one of the first to embrace industrial automation, and it is expected to incorporate these displays at a quicker rate in the forecast period.

Besides this, South Asian countries such as China, Japan, and India are likely to drive demand for industrial displays in the Asia Pacific. As a result, Asia Pacific is expected to grow at a CAGR of 5% during the forecast period. Manufacturing and power generation are expected to play a key role in driving market growth in this region.

Report Objectives:

1. Landscape analysis of the Industrial Display Market
2. competitive benchmarking
3. Past and current status of the industry with the forecasted market size and trends
4. Evaluation of potential key players that include market leaders, followers, and new entrants
5. Technology trends
6. The potential impact of micro-economic factors on the market
7. External and Internal factors affecting the market have been analyzed

The report also helps in understanding the Industrial Display Market dynamics, and structure by analyzing the market segments to project the Industrial Display Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Industrial Display Market make the report investor’s guide.
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Industrial Display Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 6.13 Bn.


Forecast Period 2023 to 2029 CAGR:
5.87%
Market Size in 2029:
US $ 9.14 Bn.


 Segments Covered:
by Technology
LCD
LED
OLED
E-Paper Display


by Type
Rugged Displays
Open Frame Monitors
Panel-Mount Monitors
Marine Displays
Video Walls


by End- User
Automotive and aerospace
Healthcare
Transportation
Retail
BFSI
Government and Defence
Industrial
Others



Global Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players
1. LG Display Co., Ltd
2. Samsung Electronics Co., Ltd.
3. AU Optronics Corp.
4. Innolux Corp.
5. Japan Display Inc.
6. Sharp Corp.
7. BOE Technology Group Co.
8. Hannstar Display Corp.
9. Varitronix International Limited
10.TCL Display Technology Holdings Limited
11.Universal Display Corp.
12.E Ink Holdings Inc.
13.Panasonic Corp
14.Planar Systems
15.NEC
16.Advanced Co.Ltd
17.Hope Industrial system Inc.
18.Advantech
19.iTG

Frequently Asked Questions

1. What is the projected market size & growth rate of the Market?
Ans- The Market was valued at USD 6.13 billion in 2022 and is projected to reach USD 9.14 billion by 2029, growing at a CAGR of 5.87 % during the forecast period.

2. What is the key driving factor for the growth of the Industrial Display Market?
Ans- The need for human-machine interface (HMI) devices is increasing, which is propelling the market forward.

3. Which Region accounted for the largest Industrial Display Market share?
Ans- In 2022, the North American region dominated the industrial display market, accounting for more than 30% of total sales.

4. What makes the North America a Lucrative Market for Market?
Ans- Increased expenditures in IIoT applications and multi-featured HMI devices are the factors for the markets growth in the region.

5. What are the top players operating in the Industrial Display Market?
Ans- LG Display Co., Ltd., Samsung Electronics Co., Ltd., AU Optronics Corp., Innolux Corp., Japan Display Inc., and Sharp Corp.