Industrial Display Market to Grow with a CAGR of 6.1% Globally through 2028
Global Industrial Display Market is surging due to
increased automation and the growing demand for efficient data visualization in
industrial processes in the forecast period 2024-2028
According to TechSci Research report, “Global Industrial
Display Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, Global Industrial Display Market is experiencing
substantial growth, driven by the pervasive integration of automation and the
increasing need for efficient data visualization in industrial settings. As
industries worldwide embrace automation to enhance productivity and streamline
operations, industrial displays have become integral components of modern
manufacturing, oil and gas, automotive, and pharmaceutical facilities, among
others. These displays offer real-time monitoring and control capabilities,
allowing operators to visualize critical data and respond promptly to evolving
conditions. The adoption of advanced technologies, such as touchscreens,
ruggedized displays, and high-resolution panels, is further propelling market
expansion. Moreover, the rise of the Industrial Internet of Things (IIoT) has
created a surge in data generation, necessitating advanced display solutions
for effective data representation. With a focus on enhancing user experience,
manufacturers are continually innovating to provide displays that are durable,
responsive, and capable of withstanding harsh industrial environments. The
Global Industrial Display Market is poised for sustained growth as industries
recognize the pivotal role of these displays in optimizing operations, ensuring
safety, and achieving greater operational efficiency in an increasingly automated
world.
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Display Market”.
The Global Industrial Display Market is experiencing
significant growth as industries recognize the importance of advanced display
technologies in enhancing productivity, efficiency, and safety in industrial
environments. Industrial displays play a crucial role in providing real-time
information, monitoring processes, and facilitating decision-making for
operators and technicians. In sectors such as manufacturing, oil and gas, and
transportation, industrial displays enable operators to visualize complex data,
monitor equipment performance, and detect anomalies in real-time. By embracing
advanced display technologies, organizations can improve operational
efficiency, reduce downtime, and optimize resource utilization. Moreover, the
integration of Industrial Internet of Things (IIoT) and automation technologies
has further increased the demand for industrial displays. These displays serve
as the interface between humans and machines, providing intuitive and
interactive visualizations of data and control systems.
In safety-critical industries like nuclear power
plants and chemical manufacturing, industrial displays play a vital role in
ensuring the safe operation of complex processes. Clear and easily
understandable visualizations enable operators to monitor critical parameters,
detect potential hazards, and respond promptly to emergencies. The market for
industrial displays is driven by the need for rugged and reliable solutions
that can withstand harsh operating conditions, including extreme temperatures,
vibrations, and exposure to dust and moisture. Additionally, the demand for
high-resolution displays with advanced features such as touchscreens,
multi-touch capabilities, and sunlight readability is on the rise. To meet
these evolving demands, manufacturers in the global industrial display market
are investing in research and development to develop innovative and durable
display solutions. Collaboration between display manufacturers, industrial
equipment suppliers, and end-users is crucial to ensure the development of
displays that meet industry-specific requirements and comply with safety
standards.
As industries continue to prioritize efficiency,
safety, and productivity, the global industrial display market is poised for
significant expansion. By adopting advanced display technologies, organizations
can gain a competitive edge by improving decision-making processes, enhancing
operational efficiency, and ensuring the safety of their industrial operations.
Furthermore, the global industrial display market is witnessing the emergence
of trends such as augmented reality (AR) displays. AR displays overlay digital
information onto the physical environment, providing operators with real-time
data, instructions, and visual cues. This technology enhances situational
awareness, improves accuracy, and enables hands-free access to critical
information, revolutionizing industrial tasks.
In conclusion, the Global Industrial Display Market is
experiencing remarkable growth driven by the increasing demand for advanced
display technologies in industrial environments. With the integration of AI,
IoT, and AR technologies, industrial displays are becoming more intelligent,
interactive, and user-friendly. Manufacturers and industry stakeholders must
continue to innovate and collaborate to meet the evolving needs of industrial
sectors and ensure the efficient and safe operation of industrial processes.
The Global Industrial Display Market is segmented into
Type, Application, Technology, Panel Size, End-use, regional distribution, and
company.
Based on application, In terms of application, the
market is classified into the human-machine interface (HMI), remote monitoring,
interactive display, and digital signage. The HMI segment dominated the overall
market, gaining a market share of 34.01% in 2022. It is expected to grow at a
CAGR of 5.9% during the forecast period. An HMI display is a visual display
employed in industrial automation systems to give users and operators real-time
information. These displays frequently employ cutting-edge technologies like
touchscreens, high-resolution graphics, and tough designs to resist severe
industrial conditions.
Typically, HMI displays are used to monitor and manage
various industrial operations, including production lines, assembly lines, and
power generation facilities. They give operators access to real-time data on
the condition of the monitored process, including temperature, pressure, flow
rate, and other relevant aspects. 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 are made to be simple to use with simple,
user-friendly interfaces and legible, easy-to-read visuals and displays.
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. They might also contain software programs that offer extra
features, like augmented reality applications, virtual whiteboards, and
collaborative workplaces.
Applications for interactive displays in industrial
environments include monitoring and managing assembly lines, production
operations, and power generation facilities. They provide operators with
real-time information on the status of the monitored process, allowing them to
adjust and control the process as needed. Interactive Displays in industrial
settings typically use touchscreens or other input methods to enable operators
to interact with the system. They may also include software applications that
provide additional functionality, such as real-time data visualization, remote
monitoring, and diagnostic tools.
Based on region, Asia Pacific market dominated the
total revenues in 2022, gaining a market share of 36.81%. It is expected to
grow at a CAGR of 6.8% throughout the forecast period. The demand for
industrial displays is being driven by the area, 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 the Asia Pacific
due to the rising need for automation and digitalization across various
industries, including manufacturing, healthcare, and the automobile industry.
Japan also witnesses significant growth in the industrial display industry due
to the demand for high-quality displays in the automobile industry and other
application areas.
The North America regional segment 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. Due to the growing adoption of automation and improved driver
assistance systems, the demand for rugged and dependable displays is
anticipated to increase, notably in the automotive and transportation sectors.
Major companies operating in Global Industrial
Display Market are:
- Samsung Display
- LG Display Co., Ltd.
- Advantech Co., Ltd.
- Pepperl+Fuchs GmbH
- WinMate, Inc.
- Planar Systems, Inc.
- Maple Systems, INC.
- Sharp NEC Display Solutions, Ltd.
- Innolux Corporation
- Japan Display, Inc.
- Siemens AG
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“The Global Industrial Display Market is witnessing
significant growth as industries recognize the importance of advanced display
technologies in enhancing productivity, efficiency, and safety in industrial
environments. Industrial displays play a crucial role in providing real-time
information, monitoring processes, and facilitating decision-making for
operators and technicians. By embracing advanced display technologies,
organizations can improve operational efficiency, reduce downtime, and optimize
resource utilization. The integration of Industrial Internet of Things (IIoT)
and automation technologies further drives the demand for industrial displays,
serving as the interface between humans and machines. Safety-critical industries
benefit from clear and easily understandable visualizations that enable
operators to monitor critical parameters and respond promptly to emergencies.
The market demands rugged and reliable displays that can withstand harsh
operating conditions, along with high-resolution displays with advanced
features. Manufacturers are investing in research and development to meet these
demands, emphasizing collaboration between stakeholders to ensure compliance
with industry-specific requirements and safety standards. As industries
prioritize efficiency, safety, and productivity, the global industrial display
market is poised for significant expansion. The emergence of augmented reality
(AR) displays further revolutionizes industrial tasks by enhancing situational
awareness and enabling hands-free access to critical information. Continued
innovation and collaboration are essential to meet the evolving needs of
industrial sectors and ensure efficient and safe operations.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Industrial
Display Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Type (Rugged, Open Frame, Panel-Mount Monitors, Marine
Displays, Video Walls), By Application (HMI, Remote Monitoring, Interactive
Display, Digital Signage), By Technology (LCD, LED, OLED, E-Paper Display), By
Panel Size (Up to 14”, 14-21”, 21-40”, 40” and above), By
End-use(Manufacturing, Mining & Metals, Chemical Oil and Gas, Energy & Power,
Others), By Region, By Competition”, has evaluated the future growth
potential of Global Industrial Display Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Industrial Display Market.
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