Industrial Display Market by 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), And Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Share, Growth, Size, Trends, And Forecast 2023–2031
Industrial Display Market Outlook 2031
The global industrial display market size was valued at USD 5.30 Billion in 2022 and is expected to reach USD 9.42 Billion by 2031 projected to register a considerable CAGR 6.60% during the forecast period, 2023–2031. 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.
Industrial Display Market Drivers, Restraints, Trends, and Opportunities
- Increasing acceptance of smart industrial displays among industrial units are expected to fuel to the market growth during the forecast period.
- Growing adoption of industrial internet of things (IIoT) is expected to increase the market growth in the coming years.
- Advanced features offered by the displays such as radio frequency identification (RFID), ethernet connectivity, automatic touch detector and touch screen panels, and resistance to high temperature. This is projected to expand the growth of the market.
- High price of industrial displays are major challenges that is expected to hinder the market growth.
- Technological advancement that helps to establish displays, which are appropriate for the replacement of manual procedures and outdated push-button technology. The factor is offering massive opportunity for the market.
Scope of The Industrial Display Market Report
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 |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
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. |
Global Industrial Display Market Segment Insights
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.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Display Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Display Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Display Market - Supply Chain
4.5. Global Industrial Display Market Forecast
4.5.1. Industrial Display Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Display Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Industrial Display Market Absolute $ Opportunity
5. Global Industrial Display Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Industrial Display Market Size and Volume Forecast by Types
5.3.1. Marine Displays
5.3.2. Open Frame Monitors
5.3.3. Panel-mount Monitors
5.3.4. Rugged Displays
5.3.5. Video Walls
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Industrial Display Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Industrial Display Market Size and Volume Forecast by Applications
6.3.1. Digital Signage
6.3.2. HMI
6.3.3. Interactive Display
6.3.4. Remote Monitoring
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Industrial Display Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Industrial Display Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Industrial Display Demand Share Forecast, 2019-2026
8. North America Industrial Display Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Industrial Display Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Industrial Display Market Size and Volume Forecast by Types
8.4.1. Marine Displays
8.4.2. Open Frame Monitors
8.4.3. Panel-mount Monitors
8.4.4. Rugged Displays
8.4.5. Video Walls
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Industrial Display Market Size and Volume Forecast by Applications
8.7.1. Digital Signage
8.7.2. HMI
8.7.3. Interactive Display
8.7.4. Remote Monitoring
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Industrial Display Demand Share Forecast, 2019-2026
9. Latin America Industrial Display Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Industrial Display Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Industrial Display Market Size and Volume Forecast by Types
9.4.1. Marine Displays
9.4.2. Open Frame Monitors
9.4.3. Panel-mount Monitors
9.4.4. Rugged Displays
9.4.5. Video Walls
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Industrial Display Market Size and Volume Forecast by Applications
9.7.1. Digital Signage
9.7.2. HMI
9.7.3. Interactive Display
9.7.4. Remote Monitoring
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Industrial Display Demand Share Forecast, 2019-2026
10. Europe Industrial Display Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Industrial Display Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Industrial Display Market Size and Volume Forecast by Types
10.4.1. Marine Displays
10.4.2. Open Frame Monitors
10.4.3. Panel-mount Monitors
10.4.4. Rugged Displays
10.4.5. Video Walls
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Industrial Display Market Size and Volume Forecast by Applications
10.7.1. Digital Signage
10.7.2. HMI
10.7.3. Interactive Display
10.7.4. Remote Monitoring
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Industrial Display Demand Share Forecast, 2019-2026
11. Asia Pacific Industrial Display Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Industrial Display Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Industrial Display Market Size and Volume Forecast by Types
11.4.1. Marine Displays
11.4.2. Open Frame Monitors
11.4.3. Panel-mount Monitors
11.4.4. Rugged Displays
11.4.5. Video Walls
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Industrial Display Market Size and Volume Forecast by Applications
11.7.1. Digital Signage
11.7.2. HMI
11.7.3. Interactive Display
11.7.4. Remote Monitoring
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Industrial Display Demand Share Forecast, 2019-2026
12. Middle East & Africa Industrial Display Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Industrial Display Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Industrial Display Market Size and Volume Forecast by Types
12.4.1. Marine Displays
12.4.2. Open Frame Monitors
12.4.3. Panel-mount Monitors
12.4.4. Rugged Displays
12.4.5. Video Walls
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Industrial Display Market Size and Volume Forecast by Applications
12.7.1. Digital Signage
12.7.2. HMI
12.7.3. Interactive Display
12.7.4. Remote Monitoring
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Industrial Display Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Industrial Display Market: Market Share Analysis
13.2. Industrial Display Distributors and Customers
13.3. Industrial Display Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Advantech Co., Ltd
13.4.2. Samsung Display
13.4.3. WinMate, Inc
13.4.4. LG Display Co., Ltd
13.4.5. Japan Display, Inc