The global industrial display market size is forecast to increase from US$ 6.1 billion in 2022 to US$ 9.9 billion by 2032. Overall sales of industrial displays will increase at a CAGR of 4.9% from 2022 to 2032.
Demand is likely to remain high for industrial LCDs in the market. This is due to their various benefits including less power consumption. The LCD technology segment will register a CAGR of 4.7% through 2032. The rising adoption of industrial displays in the manufacturing sector globally will drive the market. Similarly, new product launches will have a positive impact on market development.
An electronic display called an industrial display is one made specifically for use in industrial settings. Extreme temperatures, humidity, dust, and vibrations are a few of the challenging conditions that these displays are able to withstand. Industrial displays are frequently used in manufacturing facilities, distribution centers, and other industrial settings to show visual feedback on the status of equipment, systems, and processes.
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Industrial displays can be used for monitoring and managing processes, showing production data, and giving technicians and operators up-to-date information. Widening applications of industrial displays across industries such as automotive, BFSI, healthcare, and defense will boost sales.
High adoption of automation is another key factor that will propel industrial display demand. Industrial displays are essential for enabling automation because they offer real-time data & control. Further, the burgeoning demand for human-machine interface devices will support the expansion of the global industrial display market.
Key Takeaways from the Industrial Display Market Report:
- Global industrial display sales will increase at 4.9% CAGR during the forecast period.
- By type, the panel-mount monitor segment will expand at 4.8% CAGR through 2032.
- Based on technology, the LCD segment is set to thrive at 4.7% CAGR between 2022 and 2032.
- The United States industrial display market will cross the US$ 2.9 billion mark by 2032.
- Industrial display demand in Japan is poised to surge at 4.4% CAGR through 2032.
- The United Kingdom industrial display market size will reach US$ 496.3 million by 2032.
- Demand for industrial displays across China is set to thrive at 5.9% CAGR through 2032.
“Rising adoption of automation and IoT will create a conducive environment for market development. Similarly, new product launches with enhanced features will boost sales through 2032.” Says a Future Market Insights analyst.
Who is Winning?
- Samsung Electronics Co., Ltd.,
- Japan Display Inc.,
- AU Optronics Corp.,
- LG Display Co., Ltd.,
- Sharp Corp.,
- Innolux Corp.,
- BOE Technology Group Co.,
- Universal Display Corp.,
- Hannstar Display Corp.,
- NEC, TCL Display Technology Holdings Limited,
- Advanced Co.Ltd, E Ink Holdings Inc.,
- Hope Industrial System Inc., and
- Advantech
These companies are concentrating on introducing novel solutions into the market to expand their customer base. They are also adopting strategies such as price reduction, facility expansions, mergers, collaborations, and strengthening distribution networks.
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Global Industrial Display Market Segmentation:
By Type:
- Rugged Displays
- Open Frame Monitors
- Panel-Mount Monitors
- Marine Displays
- Video Walls
By Technology:
- LCD
- LED
- OLED
- E-Paper Display
By End User:
- Automotive and Aerospace
- Healthcare
- Transportation
- Retail
- BFSI
- Government and Defence
- Industrial
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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