The global industrial display market is projected to register a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growing demand for multi-featured human machine interfaces (HMIs) and smart touch screen displays across several industries.
The industrial display systems consists of a range of highly-advanced displays technology which are widely available in forms of LCD, LED, or OLED displays. The systems offer a real-time solutions for several industrial applications with the help of advanced features such as outdoor displays, touch screen panels, digital signage displays, open frame monitors and panel mount monitors. For instance, marine displays technology offers a wide range of applications with real-time sonar system for ships, unmanned monitoring system for a seaport power substation, integrated combat system for battleships & tank balancing system, and ship engine monitoring system.
The report on the global industrial display market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been involved in the report.
Attributes |
Details |
Report Title |
Industrial Display Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (Marine Displays, Open Frame Monitors, Panel-mount Monitors, Rugged Displays, and Video Walls), Technology (E-paper Display, LCD, LED, and OLED), Applications (Digital Signage, HMI, Interactive Display, and Remote Monitoring) |
Regional Scope |
Asia Pacific, Latin America, North America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Growth Factors, Size, Competitive Landscape, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Advantech Co., Ltd., Samsung Display, WinMate, Inc., LG Display Co., Ltd., and Japan Display, Inc. |
In terms of types, the market is divided into marine displays, open frame monitors, panel-mount monitors, rugged displays, and video walls. The marine displays segment is expected to witness a substantial CAGR of 6% during the analysis period due to wide adoption of the displays in shipping and commercial vessels, cruise ships, and yachts since they are designed specially to survive harsh aquatic atmospheres. However, the panel-mount segment accounted for a key revenue share of the industrial display market and is likely to dominate the market during the forecast period. The growth of the segment can be attributed to its wide range of applications, affordability, and easy availability of the device. The main application of panel-mount IDs consists of operational process control in industrial services.
Based on technology, the global industrial display market is segmented into e-paper display, LCD, LED, and OLED. The LCD segment held for over 40% revenue share of the market and is projected to witness a healthy growth rate during the forecast period. Wide adoption of the LCDs technology and its popularity is the main factor for the segment growth. Meanwhile, the OLED segment is expected to constitute a large market share in the coming years owing to the growing adoption of the OLED technology due to its pixel-by-pixel brightness regulatory feature, which is not offered in LCDs and LEDs.
Based on applications, the market is segmented into digital signage, HMI, interactive display, and remote monitoring. The interactive display segment is projected to register a significant CAGR due to its wide applications that allow two-way communication among the user and machine. On the other hand, the HMI segment accounted for almost 35% of the overall market revenue share and is projected to witness a significant growth rate during the analysis period. This can be accredited to the increasing presence of several global HMI manufacturers in developing countries such as India and China.
In terms of regions, the market is generally classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America dominated the industrial display market accounting for a revenue share of 30% and is anticipated to hold a large share of the market in the coming years. The regional market growth can be due to the high investments in multi-featured HMI devices and IIoT applications, which open up new commercial opportunities in the region. The market in Asia Pacific is anticipated to witness a robust CAGR during the forecast period owing to emerging wide expansion of the industrial sectors and power generation. Additionally, numerous major manufacturers are based in the region.
The global industrial display market has been segmented on the basis of
Major players competing in the global industrial display market include Advantech Co., Ltd., Samsung Display, WinMate, Inc., LG Display Co., Ltd., and Japan Display, Inc.
Some of these businesses are involved in adopting numerous market strategies such as merger, acquisition, collaboration, partnership, product launch, R&D activities, and capacity expansion to increase market share and global presence.
Recently, Advantech Co. Ltd. a major global embedded solutions provider has launched its latest compact display solution, the IDP-3100 series. This bezel-less touch display having advanced features such as an IP65 rated front can be adopted in a wide range of industries including retail, industrial, and automation, applications. This device is expected to support a backlight lifetime of 50,000 hours and offer outstanding display performance within a solid modern design.
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