Industrial Display Market

Global Industrial Display Market Research Report Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2024-2032: By Technology (LED, LCD, OLED, and E-Paper), By Type (Rugged Displays, Open Frame Monitors, SDI Display, Video Walls, Front Display, Panel Mount Monitors, Marine Displays, Others), By Application (HMI, Remote Application, Digital Signage, Interactive Display, Imaging), By End-Use Industry (Manufacturing, Energy & Power, Oil & Gas, Metals & Mining, Military & Avionics Transportation, Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World)

Electronics & Semiconductor | January 2024 | Report ID: EMR00535 | Pages: 301

The global industrial display market was valued at USD 6.12 billion in 2023 and is estimated to reach approximately USD 11.08 billion by 2032, at a CAGR of 6.8% from 2024 to 2032.

A dynamic industry, the industrial display market meets the increasing need for sophisticated visualization solutions across a range of industrial applications. Real-time information provision, process monitoring, and productivity enhancement in industries including manufacturing, energy, and automation are all made possible by these displays. Robust design, exceptional endurance, and compatibility with difficult environments are key characteristics propelling the market's growth. Technological developments that further support the market's growth include the incorporation of touchscreens, ruggedized displays, and enhanced connection. The market for industrial displays is expected to grow significantly and experience ongoing innovation as more industries embrace automation and digitization.

 

 

INDUSTRIAL DISPLAY MARKET: REPORT SCOPE & SEGMENTATION

Report Attribute

Details

Estimated Market Value (2023)

6.12 Bn

Projected Market Value (2032)

11.08 Bn

Base Year

2023

Forecast Years

2024 - 2032

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Technology, By Type, By Application, By End-Use Industry, & Region

Segments Covered

By Technology, By Type, By Application, By End-Use Industry, & Region

Forecast Units

Value (USD Billion or Million), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2024 to 2032

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and the Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Global Industrial Display Market Dynamics

The market is expanding due to factors such growing automation, the adoption of Industry 4.0, and the requirement for real-time data monitoring. The industry's growth is aided by technological developments in display systems, such as the incorporation of touchscreens, high resolution, and improved durability. The need for large-sized displays in processing and manufacturing facilities, as well as the growing range of applications in industries like healthcare and transportation, all contribute to the market dynamics. Notwithstanding the possibility of short-term limitations due to integration and cost issues, the overall trajectory points to continued growth.

 

Global Industrial Display Market Drivers

  • Automation and Industry 4.0 Integration

Industrial displays are essential for delivering control interfaces, real-time insights, and data visualization as more sectors adopt smart technology. Advanced displays are necessary for effective monitoring and decision-making due to the synergy between automation and Industry 4.0 principles. Production operations are optimized by these displays, which allow for continuous communication between linked devices and systems. As more companies realize how revolutionary these technologies can be in enabling linked, data-driven industrial operations and driving the market toward creative, integrated solutions, the need for intelligent, connected displays is growing.

  • Growing Demand for Large Displays

Large displays make complicated processes easier to see in processing and manufacturing settings, which improves decision-making and boosts output. Enhancing situational awareness, these displays allow for the real-time monitoring of various data streams. Large displays also facilitate training situations and collaborative work environments, which raises employee engagement. The growing requirement for expansive, high-resolution displays is a result of businesses prioritizing complete data representation.

 

Restraints:

  • Complex Integration Issues

Advanced display system integration is a complex procedure that calls for certain knowledge and resources and frequently results in operational issues. Longer implementation times and higher implementation costs can arise from incompatibilities with legacy equipment and control systems. Some sectors can be reluctant to upgrade to more advanced display technologies due to their inability to negotiate complex integration processes. This could prevent these solutions from being widely adopted and restrict their potential to improve overall operational efficiency.

  • Maintenance and Downtime Issues

Periodic maintenance is necessary, and repairs or upgrades may cause downtime that could affect vital industrial operations. This may result in a decline in productivity, which would affect output and overall efficiency. Advanced display system maintenance may also need for specialist knowledge, which raises operating expenses. Industries may find it difficult to plan and manage maintenance tasks without suffering major disruptions. Therefore, maintenance and downtime concerns operate as barriers, compelling decision-makers to carefully balance the advantages against possible operational disruptions when contemplating the adoption of cutting-edge industrial display technologies.

 

Opportunities:

  • Increasing Demand for Touchscreen Displays

Improved user involvement through touchscreen displays makes industrial process management and monitoring more effective. This approach promotes a smooth human-machine connection and is in line with the increasing demand for responsive and user-friendly technologies. By creating cutting-edge touchscreen technologies suited to certain industrial applications, manufacturers may take advantage of this opportunity and meet consumer demand for more accessibility and interactivity.

  • Integration of IoT and Connectivity

Industrial displays are essential for controlling and displaying data produced by Internet of Things (IoT) devices as more companies adopt smart, networked systems. Improved connectivity makes it possible to perform predictive maintenance, real-time monitoring, and effective decision-making. The potential is in offering displays with smooth integration features that meet Industry 4.0's changing requirements. By providing displays that enable efficient communication between IoT devices, manufacturers may innovate and build a cohesive ecosystem. In the age of networked industrial processes, this tendency not only makes operations more efficient but also establishes industrial displays as essential elements.

 

Segment Overview

  • By Technology

Based on technology, the global industrial display market is divided into LED, LCD, OLED, and e-paper. The LCD category dominates the market with the largest revenue share in 2023. Liquid crystal technology is used by LCD displays to manipulate light. They are renowned for offering precise color reproduction, excellent resolution, and sharp image quality. Because of their affordability and versatility, LCDs are frequently utilized in a wide range of industrial applications, including information displays, control panels, and human-machine interfaces (HMIs).  Light-emitting diodes are the source of light used in LED displays. Compared to older technology, these displays have higher brightness, are more energy-efficient, and have a longer lifespan

  • By Type

Based on the type, the global industrial display market is categorized into rugged displays, open frame monitors, SDI displays, video walls, front displays, panel mount monitors, marine displays, and others. The panel mount monitors category leads the global industrial display market with the largest revenue share in 2023. Panel mount monitors are made to fit straight onto equipment enclosures or control panels, where they can be installed securely. These screens fit neatly into industrial machines and control systems, saving space. Displays having a touch-sensitive surface or user interface on the front are commonly referred to as front displays. Multiple display screens are tiled together to create larger, more unified displays, which are known as video walls.

  • By Application

Based on application, the global industrial display market is divided into HMI, remote application, digital signage, interactive display, and imaging. The HMI category dominates the market with the largest revenue share in 2023. In industrial settings, HMI displays act as a conduit between humans and machinery. These displays enable operators to interact with and monitor industrial processes by offering real-time information, control options, and data visualization. Industrial operations can be remotely visualized and controlled with the use of remote application displays. In industrial settings, digital signage displays are utilized for information distribution and visual communication.

  • By End-Use Industry

Based on the end-use industry, the global industrial display market is segmented into manufacturing, energy & power, oil & gas, metals & mining, military & avionics transportation, and others. The manufacturing segment dominates the industrial display market. Industrial displays are used in the manufacturing industry for control systems, process monitoring, and Human-Machine Interface (HMI) applications. These screens are essential for improving operational effectiveness, giving real-time data visualization, and enabling smooth communication between humans and machines. Industrial displays are used in power plants, substations, and renewable energy installations in the energy and power sector. Industrial displays are used in the oil and gas industry for a variety of purposes, including control systems, pipeline monitoring, and drilling activities.

 

Global Industrial Display Market Overview by Region

The global industrial display market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific emerged as the leading region, capturing the largest market share in 2023. The strong industrialization of the region especially in South Korea, Japan, and China has increased demand for sophisticated display technology in automation and manufacturing. The use of industrial displays is also fueled by significant emphasis on Industry 4.0 efforts, rapid economic growth, and rising infrastructure investments. The Asia-Pacific region's automotive, electronics and energy sectors are major contributors, utilizing displays to increase production and efficiency

Throughout the forecast period, North America is anticipated to post a significant CAGR. The rising usage of advanced display solutions, the continuous developments in manufacturing technology, and the industry-wide emphasis on automation and digitization are all credited with this prediction. High-performance displays are in high demand due to the region's major industries, which include aerospace, automotive, and energy. Further factors supporting the industrial display market's steady expansion in North America are advantageous regulatory frameworks, significant R&D expenditures, and an emphasis on improving operational effectiveness.

 

 

Global Industrial Display Market Competitive Landscape

In the global industrial display market, a few major players exert significant market dominance and have established a strong regional presence. These leading companies remain committed to continuous research and development endeavors and actively engage in strategic growth initiatives, including product development, launches, joint ventures, and partnerships. By pursuing these strategies, these companies aim to strengthen their market position, expand their customer base, and capture a substantial share of the market.

Some of the prominent players in the global industrial display market include,

  • LG Display Co., Ltd.
  • Samsung Display
  • Pepperl+Fuchs GmbH
  • Advantech Co., Ltd.
  • Planar Systems, Inc.
  • WinMate, Inc.
  • Sharp NEC Display Solutions
  • Maple Systems, Inc.
  • Japan Display, Inc.
  • Innolux Corporation
  • Siemens AG, and various others.

 

Global Industrial Display Market Recent Developments

  • In October 2023, A subsidiary of Samsung Electronics Co., Ltd. that manufactures and distributes display products, Samsung Display Co., Ltd., has completed its acquisition of eMagin Corporation, a U.S.-based leader in the development, design, and manufacturing of Active-Matrix OLED microdisplays for high-resolution, AR/VR, and other near-eye imaging products. The acquisition was completed for $2.08 per share in an all-cash deal valued at roughly $218 million.
  • In October 2023, Craft Data Limited was acquired by Crystal Display Systems Limited. Craft Data Limited's creativity, proficiency, and perfection have set industry standards in the display sector for the last forty years. In addition to signifying the union of two titans, this acquisition demonstrates CDS's dedication to expansion and giving its customers the best possible solutions.
  • In July 2023, Twin Star Technologies, a wholly-owned subsidiary of Vedanta, will sell semiconductor and display divisions to the Vedanta Group for a 100% ownership share. According to a regulatory filing, the acquisition will establish Vedanta as India's first integrated semiconductor and display fab business.

 

Scope of the Global Industrial Display Market Report

Industrial Display Market Report Segmentation

ATTRIBUTE

DETAILS

By Technology

  • LED
  • LCD
  • OLED
  • E-Paper

By Type

  • Rugged Displays
  • Open Frame Monitors
  • SDI Display
  • Video Walls
  • Front Display
  • Panel Mount Monitors
  • Marine Displays
  • Others

 

By Application

  • HMI
  • Remote Application
  • Digital Signage
  • Interactive Display
  • Imaging

By End-Use Industry

  • Manufacturing
  • Energy & Power
  • Oil & Gas
  • Metals & Mining
  • Military & Avionics Transportation
  • Others

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Industrial Display Market Size and Forecast: To identify and estimate the market size for the global industrial display market segmented by technology, by type, by application, by end-use industry, region and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of industrial display between 2019 and 2032.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for the global industrial display market
  • Market Influencing Factors: To find out the factors which are affecting the sales of industrial display among consumers
  • Impact of COVID-19: To identify and understand the various factors involved in the global industrial display market affected by the pandemic
  • Company Profiling: To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Intended Audience

  • Manufacturers and Suppliers
  • Technology Providers
  • Research and Development Professionals
  • System Integrators
  • Trade Associations and Industry Forums
  • Governments, Associations, and Industrial Bodies
  • Investors and Trade Experts

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

On the basis of Geography, the industrial display market is classified into North America, Europe, Asia Pacific, and the Rest of the world.
According to industrial display market research, the market is expected to grow at a CAGR of ~6.8% over the coming years.
North America is expected to register the highest CAGR during 2024 - 2032.
Asia-Pacific held the largest share in 2023.
The major players operating in the global industrial display market include LG Display Co., Ltd.; Samsung Display; Pepperl+Fuchs GmbH; Advantech Co., Ltd.; Planar Systems, Inc.; WinMate, Inc.; Sharp NEC Display Solutions; Maple Systems, Inc.; Japan Display, Inc.; Innolux Corporation; Siemens AG, and various others.