Industrial displays are an assemblage of machines used to present digital output. They encompass various types of equipment, including TFT-display screens, digital signage, and monitors. Industrial displays are specifically engineered to exhibit enhanced durability and withstand harsh environmental conditions prevalent in industrial applications. These displays are built to endure moisture, dust, dirt, extreme temperatures, and other challenging factors, ensuring reliable performance and longevity in demanding industrial settings.
According to Data Bridge Market Research the Industrial Display Market accounted for USD 5.30 billion in 2022, and expected to reach USD 8.85 billion by 2030. The market is expected to grow with a CAGR of 6.60% in the forecast period of 2023 to 2030.
“Increasing focus towards growth and expansion”
Prominent market players are increasingly directing their attention toward the development of innovative and advanced industrial display products. They are expanding their production capacities and incorporating features such as enhanced contrast ratio, high resolution, readability in various environments, wide temperature range, ruggedness, durability, high display brightness, environmental stability, and low power consumption. These products are designed to meet strict compliance guidelines while offering cutting-edge display solutions for industrial applications.
What restraints the growth of the industrial display market?
High cost associated with industrial displays”
The industrial display market growth is expected to face constraints due to the high cost of raw materials used in their production. This factor may limit the demand for industrial displays and impede market expansion. Additionally, installing industrial displays requires significant investments, which could pose a barrier to market growth during the forecast period from 2023 to 2030. Overcoming these challenges will be crucial for unlocking the full potential of the industrial display market.
Segmentation: Global Industrial Display Market
The industrial display market is segmented on the basis of type, panel size, technology, communication type, application and vertical.
- On the basis of type, the industrial display market is segmented into rugged displays, open frame monitors, multi-touch (P-Cap) display, front display, USB type-C display, SDI display, rear mount display, panel mount monitors, marine displays, video walls, others.
- On the basis of panel size, the industrial display market is segmented into upto 14 inches, 14 inches to 21 inches, 21 to 40 inches, 40 inches and above.
- On the basis of technology, the industrial display market is segmented into LCD, LED, OLED, e-paper display.
- On the basis of communication type, the industrial display market is segmented into serial, ethernet, mobile network, industrial communication, rf/zigbee/ir, jason/mqtt, others.
- On the basis of application, the industrial display market is segmented into HMI, remote application, interactive display, digital signage, imaging.
- On the basis of vertical, the industrial display market is segmented into manufacturing, energy and power, military and avionics, oil and gas, metals and mining, transportation, others.
Regional Insights: North America dominates the Industrial Display Market
North America dominates the industrial display market regarding revenue and market share. This is mainly due to the increasing adoption of digital signage and HMIs and growing investment in internet of things technology and multi-feature HMI devices in this region.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 owing to the growing power generation sector and development of the manufacturing industry in this region.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-industrial-display-market
Recent Developments
- In 2022, Winmate introduced the M140TG 14-inch, a very rugged tablet developed to deliver field customer mobility and connectivity. This new Rugged Extreme tablet provides advanced processors and numerous connectivity choices in compact devices. Moreover, M140TG is designed to integrate functionality, ruggedness, mobile workforces, and mobility to form a dependable yet adaptable tablet that matches various situations and threats.
- In 2022, Samsung introduced Smart Monitor M8, a 32-inch display. This new Monitor M8 produces a display that fits Gen Z's design preference and mature lifestyle because they normally look for a one-stop solution to work, learn, and play. Moreover, the intelligent monitor would be available in spring green and sunset pink colors.
The Prominent Key Players Operating in the Industrial Display Market Include:
- Samsung (South Korea)
- LG Display (South Korea)
- Panasonic Corporation Co, Ltd (Japan)
- Japan Display Inc (Japan)
- AUO Corporation (Taiwan)
- BOE Technology Group Co., Ltd (China)
- Corning Incorporated (U.S.)
- DuPont (U.S.)
- FlexEnable Limited (U.K.)
- Kateeva (U.S.)
- SONY INDIA (India)
- Pioneer Corporation (Japan)
- WiseChip Semiconductor Inc. (Taiwan)
- WINSTAR Display Co., Ltd. (China)
- Visionox Company (China)
- SHARP CORPORATION (Japan)
- Innolux Corporation (Taiwan)
- RAYSTAR OPTRONICS, INC, (Taiwan)
- RITEK CORPORATION (Taiwan)
- OSRAM GmbH (Germany)
- Plessey (U.K.)
Above are the key players covered in the report, to know about more and exhaustive list of industrial display market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Industrial Display Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
