Global Marine Industrial Display Market – Industry Trends and Forecast to 2029

Global Marine Industrial Display Market, By Technology (LCD, LED, OLED, E-Paper Display), Panel Size (Up to 14", 14–21", 21–40", 40" and Above), Application (HMI, Remote Monitoring, Interactive Display (Kiosk), Digital Signage, Imaging), Verticals (Manufacturing, Energy & Power, Oil & Gas, Metals & Mining, Transportation) – Industry Trends and Forecast to 2029.

Marine Industrial Display Market Analysis and Size

The global marine industrial display market is expected to witness significant growth during the forecast period. The traditional display devices which are based on the cathode ray tube (CRT) technology were space-consuming and bulky, hence, it could not meet with the requirements of the industrial applications of marine industries. This display technology is very energy efficient as compared to other displays. Several manufacturers have invested on this display technology due to high competition in market with other kinds of display. Thus, marine industrial display market is expected to rise high in the mentioned forecast period.

Data Bridge Market Research analyses that the marine industrial display market was valued at USD 4930.30 million in 2021 and is expected to reach USD 7740.32 million by 2029, registering a CAGR of 5.80% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Marine Industrial Display Market Scope and Segmentation

Market Definition

Marine industrial displays are used for navigation system screen, information, entertainment and controls. However, the outdoor LCD monitors which is used on marine vessels have faced many problems such as corrosive saltwater and air, Readability in bright sunlight and shock or vibration which create major challenges for the manufacturing companies.

Global Marine Industrial Display Market Dynamics

Drivers

• Large number of applications of marine industrial display 

The upsurge in the number of applications of marine industrial display such as in HMI, remote monitoring, interactive display (kiosk), digital signage, imaging and growth in the consumption of electronic devices such as tablets, smartphones, and electronic wearables devices have increased the demand of the marine industrial display which are anticipated to drive the growth of the marine industrial display market during forecast period.

• Rise in penetration towards internet of things

Increasing penetration of consumers towards internet connectivity with the growing demand for on-the-move information further influence the growth of the marine industrial display market globally.

Furthermore, growing preferences towards HMI (human machine interfaces) devices all over the globe, growing adoption of internet of things, prevalence of LED backlight and LCD based display solutions are expected to drive the growth rate of the marine industrial display market during the  forecast period of 2022-2029. 

Opportunities

• Increase focus towards expansion

The major companies are mostly shifting their focus towards introducing new and innovative products and growing their production capacities and features such as readability, wide temperature range, rugged, improved contrast ratio, high resolution, durability, environmental stability, higher display brightness, and low-power consumption. The products are developed in such a way that would help with the compliance of stringent regulations.

Furthermore, growing applications of digital signage will further create several opportunities for the growth of the marine industrial display market during the forecast period of 2022-2029. 

Restraints/ Challenges

• High cost

The high expense associated with the usages of display technology is expected to hinder the growth rate of the marine industrial display market

Moreover, issues in designing equipment for all weather devices is also acting as market limitations and obstruct the growth of the marine industrial display during the forecasted period.

This marine industrial display market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the marine industrial display market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Marine Industrial Display Market

The outbreak of covid-19 has been considerably hampered the marine industrial display market. New projects all over the globe have slowed down, which have substantial affected the demand of marine industrial display. Factories across the globe have struggled to assemble and manufacture new devices. Also, several warehouses cannot be transported marine industrial display due to stringent rules and regulations which has disrupted the global manufacturing and supply chains during the pandemic. The impact of COVID-19 on this market is temporary as just the supply chain and production is stalled. Once the condition becomes normal, the supply chains, demand and production for these products are progressively going to increase.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Marine Industrial Display Market Scope

The marine industrial display market is segmented on the basis of technology, panel size, application and verticals. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

• LCD
• LED
• OLED
• E-Paper Display

Panel Size

• Up to 14"
• 14–21"
• 21–40"
• 40" and Above

 Application

• HMI
• Remote Monitoring
• Interactive Display (Kiosk)
• Digital Signage
• Imaging

Verticals

• Manufacturing
• Energy & Power
• Oil & Gas
• Metals & Mining
• Transportation

Marine Industrial Display Market Regional Analysis/Insights

The marine industrial display market is analysed and market size insights and trends are provided by country, technology, panel size, application and verticals as referenced above.

The countries covered in the marine industrial display market report  U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

North America dominates the marine industrial display market in terms of revenue and market share. This is due to the growing adoption of HMIs and digital signage along with increasing investment in multi feature HMI device and internet of things technology in this region.

Asia-Pacific is expected to be the fastest developing region during the forecast period of 2022-2029 due to the power generation sector as well as development of the manufacturing sector in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Marine Industrial Display Market Share Analysis

The marine industrial display market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to marine industrial display market.

Some of the major players operating in the marine industrial display market are:

• Samsung (South Korea)
• LG DISPLAY CO., LTD.  (South Korea)
• NEC  Corporation (Japan)
• Sharp NEC Display Solutions of America, Inc.  (U.S.)
• Leyard Europe (Germany)
• Barco (Belgium)
• Sony Corporation (Japan)
• E Ink Holdings Inc. (Taiwan)
• AUO Corporation (Taiwan)
• DEEPSKY CORPORATION LTD (Hong Kong)
• VTRON TECHNOLOGIES LTD (China)
• AOTO Electronics Co., Ltd (China)
• Unilumin (China)
• ViewSonic Corporation (U.S.)
• Koninklijke Philips N.V. (Netherlands)
• Panasonic Corporation  (Japan)
• Planar Systems Inc. (U.S.)