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Global Automation Industrial Monitors Market Size Forecast 2024 - 2033

23 Dec, 2024

How Is The Global Automation Industrial Monitors Market Defined?

Automation industrial monitors are ruggedized display units specifically engineered for use in industrial automation and control systems. They are often designed to meet specific industry standards for reliability, durability, and performance. The primary purpose of industrial monitor is to provide operators and control systems with real-time visual feedback on various aspects of industrial processes, including production status, equipment performance, and environmental conditions.

Automation Industrial Monitors Global Market Report 2024 provides data on the global automation industrial monitors market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The automation industrial monitors market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.

How Is The Global Automation Industrial Monitors Market Size Expected To Expand, And At What Annual Growth Rate?

The automation industrial monitors market has grown steadily, moving from $2.34 billion in 2023 to $2.53 billion in 2024 at a CAGR of 7.9%. Growth in recent years stems from industrialization, regulatory compliance, cost efficiency, and globalization. By 2028, the market is projected to reach $3.46 billion at a CAGR of 8.2%. Key drivers include Industry 4.0 integration, digitalization, and demand for touchscreen interfaces. Emerging trends involve AR integration, modular designs, and AI-driven solutions.

What Are The Key Drivers Fueling Growth In The Automation Industrial Monitors Market?

The growing trend of smart factories is anticipated to drive the growth of the automation and industrial monitoring market. Smart factories use advanced technologies such as IoT, AI, and automation to optimize production processes, improve efficiency, and boost productivity. Industrial monitors serve as the interface for managing production processes, offering real-time data and facilitating operator interactions. A survey by Rockwell Automation in May 2022 found that 50% of manufacturers experienced year-over-year growth in smart factory adoption, with 74% of manufacturers planning to integrate AI into their operations. Therefore, the rising popularity of smart factories is expected to drive the demand for automation and industrial monitoring solutions.

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What Are The Principal Market Segments In The Global Automation Industrial Monitors Industry?

The automation industrial monitors market covered in this report is segmented –
1) By Type: Screen Size Below 12, Screen Size Between 12-17, Screen Size Above 17
2) By Application: Process Industries, Discrete Industries
3) By End User: Automotive, Manufacturing, Electronic And Electrical, Other End-Users

Which Emerging Market Trends Are Altering The Automation Industrial Monitors Sector?

In the automation industrial monitor market, leading companies are focusing on customizable industrial monitors to offer advanced features to their customers. These monitors are flexible, offering different options for screen size, resolution, mounting, and connectivity to suit various use cases. For example, in May 2022, Rockwell Automation Inc., a US industrial automation company, launched Allen-Bradley ASEM 6300M industrial monitors. These customizable monitors help machine builders create machines with distinct features that cater to specific application needs. The monitors allow displaying up to four tiles of information on a single screen, providing operators with valuable insights, such as performance data, work instructions, high-resolution videos, and real-time camera feeds.

What Is The Leading Region In The Automation Industrial Monitors Market?

North America was the largest region in the automation industrial monitors market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automation industrial monitors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.