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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Industrial Display Market Size
The global industrial display market reached a value of about USD 6.49 billion in 2023. The industry is further expected to grow at a CAGR of 5.87% in the forecast period of 2024-2032 to reach a value of nearly USD 10.85 billion by 2032.
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Industrial Display Market Share
North America holds a considerable position in the global market for industrial displays. This can be associated with the high demand for industrial displays in military applications and well-established automotive industries across the region. In addition, owing to the increased adoption of HMI applications in the industries, the market is witnessing a further growth in the region. Further, several leading manufacturers of industrial displays, monitors, semiconductor components, and HMIs are based in the USA, which is another factor pushing the growth of the market.
Furthermore, the market is anticipated to grow at a significant rate in the coming years as well as the region is witnessing a robust demand for remote monitoring solutions, interactive display modules, HMIs, and the growing uptake of IoT-based technologies in the industrial sector. This trend is likely to provide impetus to the market.
Industrial Display Industry Segmentation
An industrial display system refers to a collection of machines used for displaying digital output. These machines comprise different kinds of TFT-display screens, monitors, and digital signage, among other similar equipment. Industrial monitors or displays are engineered for increased durability and have the ability to withstand extreme environmental conditions such as high temperatures, moisture, dust, dirt, and others.
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By type, the market is divided into:
- Rugged Displays
- Open Frame Monitors
- Panel Mount Monitors
- Marine Displays
- Video Walls
On the basis of application, the market can be segmented into:
- HMI
- Remote Monitoring
- Interactive Display
- Digital Signage
Based on technology, the market can be classified into:
- LCD
- LED
- OLED
- E-paper
Based on panel size, the market is divided into:
- Up to 14”
- 14-21"
- 21-40"
- 40" and Above
The market, based on end use, can be classified into:
- Manufacturing
- Mining and Metals
- Chemical, Oil and Gas
- Energy and Power
- Others
The EMR report looks into the regional markets for industrial display like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Industrial Display Market Growth
The global market for industrial display is growing due to increased demand for human machine interface (HMI) applications in the manufacturing and process industries. Human Machine Interfaces (HMIs) and other displays are capable of responding to the changing production demands and carefully monitoring the production processes, consequently decreasing downtime and increasing workforce efficiency. This trend is stimulating the growth of the market. In addition to this, the market is growing on account of the growing requirement for digital signage applications in industries.
Furthermore, the market has witnessed expansion at a good pace in recent years owing to the increasing acceptance of LED and LCDs, coupled with the rising adoption of IoT-based technologies. The industrial display provides benefits such as cost-effectiveness, durability, system reliability, extreme adaptability, speed, system efficiency, lightweight technology, low-power usage, easy installation, extended product lifespan, and customisable features, thereby impacting the market in an advantageous way.
Key Industry Players in the Global Industrial Display Industry
The report gives a detailed analysis of the following key players in the global industrial display market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- LG Display Co., Ltd.
- Samsung Display
- Advantech Co., Ltd.
- WinMate, Inc.
- Maple Systems, Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
|
| Breakup by Technology |
|
| Breakup by Panel Size |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Industrial Display Market Report Snapshots
Industrial Display Market Size
Industrial Display Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global industrial display market attained a value of about USD 6.49 billion.
The market is projected to grow at a CAGR of 5.87% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach nearly USD 10.85 billion by 2032.
The market is being driven by growing applications of industrial displays in the automotive and military sectors owing to benefits like durability, reliability, system efficiency, and lightweight composition.
The increasing demand for human machine interface (HMI) applications and the rising adoption of IoT-based technologies are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different types of industrial dsiplays are rugged displays, open frame monitors, panel mount monitors, marine displays, and video walls.
The leading applications of industrial displays are HMI, remote monitoring, interactive display, and digital signage.
The major technologies of industrial display are LCD, LED, OLED, and e-paper.
The major panel sizes of industrial displays are up to 14”, 14-21", 21-40", and 40" and above.
The significant end uses of industrial displays are manufacturing, mining and metals, chemical, oil and gas, energy and power, among others.
The major players in the industry are LG Display Co., Ltd., Samsung Display, Advantech Co., Ltd., WinMate, Inc., and Maple Systems, Inc., among others.
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