What Fueled The Previous Growth In The Automation Industrial Monitors Market?
The automation industrial monitors market has seen considerable growth due to a variety of factors.
• The market size of automation industrial monitors has seen substantial growth lately. It's predicted to rise from $2.53 billion in 2024 to $2.74 billion in 2025, with a compound annual growth rate (CAGR) of 8.5%.
Factors such as progressive industrialization, regulatory adherence, cost-cutting, enhancement of efficiency, globalization, and supply chain management are credited for this growth observed in the historic period.
What Is The Expected Growth In The Automation Industrial Monitors Market Size Evolve over the Forecast Period?
The automation industrial monitors market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of automation industrial monitors is forecasted to experience a substantial surge in the coming years. The projected growth will reach $3.74 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 8.1%.
The anticipated growth in this period can be credited to the incorporation of Industry 4.0 and IoT, swift digitalization, the demand for touchscreen interfaces, remote monitoring, and control and the emphasis on energy efficiency. The trends that will be prevalent in the forecast period include the integration of Augmented reality (AR), customization and modular designs, and the incorporation of AI and machine learning.
What Main Forces Are Fueling Expansion In The Automation Industrial Monitors Market?
The surge in demand for smart factories is fueling the development of the automation and industrial monitoring market. Defined as manufacturing units that utilize leading-edge technologies and data-powered solutions to fine-tune manufacturing processes, smart factories enhance efficiency and boost productivity. Their functionality is further improved by adopting cutting-edge technologies such as IoT, AI, and automation, leading to enhanced operational effectiveness, streamlined production procedures, and adaptability to evolving market requirements. Industrial monitors serve as the conduit for supervising, managing, and illustrating production procedures, providing immediate data insights, facilitating operator conversation, and allowing seamless incorporation with other automation systems and apparatus. For example, in May 2022, a study by US-based industrial automation firm, Rockwell Automation Inc., surveyed 321 manufacturers and found that the adoption of smart factory technologies had seen a significant year-on-year increase of 50%. Furthermore, a substantial 74% of these manufacturers are already using or intend to use artificial intelligence in their production processes. Also, an impressive 83% of manufacturing experts intend to transition their modernization processes into smart factories. Therefore, the increasing preference for smart factories will steer the expansion of the automation industrial monitor market.
What Are The Primary Segments In The Global Automation Industrial Monitors Market?
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
Subsegments:
1) By Screen Size Below 12: 7-Inch Monitors, 10-Inch Monitors
2) By Screen Size Between 12-17: 12-Inch Monitors, 15-Inch Monitors, 17-Inch Monitors
3) By Screen Size Above 17: 19-Inch Monitors, 21-Inch Monitors, 24-Inch Monitors, Larger Monitors (27 Inches And above)
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Which Emerging Market Trends Are Altering The Automation Industrial Monitors Industry?
Leading businesses in the automation industrial monitor market are concentrating on innovative technologies such as customizable industrial monitors to better deliver exceptional features to customers. These monitors usually provide flexibility in screen size, resolution, mounting alternatives, connectivity, and extra functionalities to suit varying use cases and environments. For example, in May 2022, Rockwell Automation Inc., an American industrial automation corporation, introduced a new set of customizable industrial monitors called Allen-Bradley ASEM 6300M industrial monitors. These monitors help machine builders differentiate their machines while meeting diverse application needs. Machine builders are given the freedom to customize the monitors based on cost, performance, and visuals. The ASEM 6300 monitors serve a wide array of applications, thereby enabling machine builders to stand out from competitors through unique functionality and aesthetic. The monitors can display as many as four tiles of information on one screen, providing operators with crucial insights such as performance data, operational directives, high-resolution videos, and live camera feeds.
Who Are the Key Players In The Automation Industrial Monitors Market?
Major companies operating in the automation industrial monitors market are:
• Siemens AG
• Mitsubishi Electric Corporation
• Honeywell International Inc.
• ABB Group
• Eaton Corporation plc
• Emerson Electric Co.
• Rockwell Automation Inc.
• Danfoss A/S
• Omron Corporation
• FANUC Corporation
• SMC Corporation
• Yaskawa Electric Corporation
• Festo AG & Co. KG
• KUKA AG
• Yokogawa Electric Corporation
• Advantech Co. Ltd.
• National Instruments Corporation
• OmniVision Technologies Inc.
• Beckhoff Automation GmbH & Co. KG
• Kontron S&T AG
• Barco NV
• Pepperl+Fuchs GmbH
• Sparton Corporation
• AAEON Technology Inc.
• Axiomtek Co. Ltd.
• Edge Electronics LLC
• RGB Spectrum
• Computer Dynamics (CIMTEC Automation)
• Hope Industrial Systems Inc.
What Is The Most Dominant Region In The Automation Industrial Monitors Market?
North America was the largest region in the automation industrial monitors market in 2024. 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.
