The global large industrial displays market was positioned to achieve a valuation of approximately USD 2.8 billion by 2023, driven by increased adoption across various industries. Moving forward, the market is expected to reach USD 5.2 billion by 2033, demonstrating a Compound Annual Growth Rate (CAGR) of 6.4% from 2023 to 2033.
One of the primary drivers of this growth is the expanding use of industrial automation across diverse sectors. These larger displays play a crucial role in visually representing and monitoring complex data, process controls, and production insights. Additionally, the growing digitalization in sectors like pharmaceuticals, where accurate product counting is essential for standardized packaging, has led to the strategic implementation of these displays.
Continuous innovation and advancements in display technologies are further fueling the market’s momentum. The emergence of digital signage and lightweight Organic Light Emitting Diode (OLED) displays is fostering a thriving trend within the large industrial displays market. Moreover, the widespread adoption of the Internet of Things (IoT) is also contributing favorably to the market’s growth trajectory.
The increase in manufacturing capacities across various industries in nations like the United States and Canada, combined with the rapid advancement of automation and technology, has led to a significant rise in the demand for large industrial display systems. This heightened demand is primarily driven by the increasing focus on automation and the Internet of Things (IoT), which is expected to significantly influence market dynamics and sales trends for large industrial displays in the East Asian region.
Key Takeaways from the Market Study:
- The market study reveals that the demand for large industrial displays experienced substantial growth, expanding at a Compound Annual Growth Rate (CAGR) of 5.6% from 2018 to 2022.
- The LED segment, in terms of technology, accounted for a CAGR of 1%, highlighting its significance in the market.
- Notably, the video walls segment is poised for significant expansion, with a projected CAGR of 6.2% throughout the forecast period, indicating a growing preference for this product type.
- The North American region emerges as a promising hub for the large industrial displays market, with a projected CAGR of 6.2%, suggesting favorable opportunities for market growth in this region.
- Projections indicate that the United Kingdom’s large industrial displays industry is anticipated to achieve a market value of USD 4.2 billion by the year 2033.
- The Asia Pacific region presents an opportunistic landscape for the large industrial displays market, with an expected CAGR of 6.3% during the forecast period, underscoring the potential for growth and investment in this region.
- South Korea’s large industrial displays sector is projected to attain a noteworthy market revenue of USD 5.8 billion by 2033, emphasizing its role as a significant player in the global market.
These insights from the market study provide valuable perspectives on the growth trends and potential opportunities within the large industrial displays market.
Competitive Landscape:
The global market for large industrial displays demonstrates fragmentation, with the concurrent presence of numerous substantial and medium-sized participants. Prominent entities within this market are actively allocating resources towards strategic agreements, aiming to secure a more significant portion of the market share.
Prominent players in the large industrial displays market are:
- LG Display Co., Ltd.
- Advantech Co., Ltd.
- Pepperl+Fuchs GmbH
- WinMate, Inc.
- Planar Systems, Inc.
- Maple Systems, INC.
- Sharp NEC Display Solutions, Ltd.
- Innolux Corporation
- Japan Display, Inc.
- Siemens AG
Key Segments Covered:
By Product Type:
- Open Frame Displays
- Panel Mount Displays
- Industrial Monitors
- Video Walls
By Technology:
- LCD
- LED
- OLED
By Size:
- Open Frame Display, Panel Mount Displays and Industrial Monitors
- 20”-40”
- Above 40”
- Video Walls
- Less than 6 screens
- Above 6 screens
End-use Industry:
- Discrete Manufacturing
- Automotive and Transportation
- General Manufacturing
- Electronics & Electricals
- Process Manufacturing
- Chemicals & Pharmaceutical
- Food & Beverage
- Oil & Gas
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
Access Report Details for More In-Depth Information!
Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
