What is the Historical Analysis of the Industrial Display Market Size?
The industrial display market has seen considerable growth due to a variety of factors.
• In recent years, the industrial display market has seen significant growth. Its size is projected to increase from $5.63 billion in 2024 to $5.99 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%. The historic period's growth can be linked to several factors such as industrial automation, escalated demands in manufacturing, government-led initiatives, industrial globalization, a heightened emphasis on user interface (UI) design, and a focus on cost reduction and increased affordability.
What Does Future Hold for The Industrial Display Market Size Evolve over the Forecast Period?
The Industrial Display market is expected to maintain its strong growth trajectory in upcoming years.
• In the forthcoming years, the industrial display market is anticipated to experience robust growth, potentially reaching a size of $7.9 billion in 2029, with an annual growth rate of 7.2%.
This expansion within the forecasted period is largely due to a heightened focus on augmented reality (AR) and virtual reality (VR), energy efficiency, sustainability, cybersecurity issues, custom and modular display solutions, and quick growth in emerging markets. The forecast period will likely see trends such as the integration of industry 4.0, a surge in demand for high-resolution displays, a growing preference for touchscreen technology, emphasis on sturdy and resilient designs, and the uptake of LED backlit displays.
What Are The Primary Growth Drivers In The Industrial Display Market?
The growth of the industrial display market is projected to be fueled by the increasing usage of IoT-based devices. The internet of things (IoT), a system of networked computing devices that can send data across a network without requiring human interaction, facilitates large-scale data generation and collection. Industrial displays serve as the vital interface for visualizing and analyzing this data in real-time. In addition, IoT devices demand displays that are robust, dependable, and highly visible even under harsh conditions. For instance, Ericsson, a telecommunications company based in Sweden, reported in November 2022 that the number of active IoT device connections in 2022 was 13.2 billion, expected to surge to 34.7 billion by 2028, with an 18% yearly growth rate. As a result, the industrial display market is being propelled by the growing use of IoT-based devices.
What Is The Segmentation Of The Global Industrial Display Market?
The industrial display market covered in this report is segmented –
1) By Type: Rugged Displays, Open-Frame Monitors, Panel-Mount Monitors, Marine Displays, Video Walls
2) By Technology: Liquid Crystal Display(LCD), Light-Emitting Diode(LED), Organic Light-Emitting Diode(OLED), E-paper
3) By Panel Size: Up To 14”, 14-21”, 21-40”, 40” And above
4) By Application: Human-Machine Interface (HMI), Remote Monitoring, Interactive Display, Digital Signage, Imaging
5) By End-User: Manufacturing, Mining And Metals, Oil And Gas, Energy And Power, Transportation
Subsegments:
1) By Rugged Displays: Outdoor Rugged Displays, Indoor Rugged Displays, Portable Rugged Displays
2) By Open-Frame Monitors: Standard Open-Frame Monitors, Touchscreen Open-Frame Monitors, Custom Open-Frame Monitors
3) By Panel-Mount Monitors: Standard Panel-Mount Monitors, Touchscreen Panel-Mount Monitors, Custom Panel-Mount Monitors
4) By Marine Displays: LCD Marine Displays, LED Marine Displays, Multi-Function Displays
5) By Video Walls: LCD Video Walls, LED Video Walls, Projection Video Walls
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What Emerging Trends Are Shaping The Industrial Display Market Landscape?
The industrial display market is witnessing a surge in product innovations, a trend that is increasingly gaining traction. Renowned corporations in the sector are putting their focus on creating inventive solutions in a bid to consolidate their market standing. For example, in March 2022, Advantech Co. Ltd., a company based in Taiwan noted for its distinct embedded and automation products and solutions, launched its RISC-based android panel PCs - PPC-115W and PPC-112W, targeting industrial digital transformation. The devices possess a 15.6" (HD or FHD) and 11.6" panel display respectively, equipped with multi-touch P-CAP control and a dual-core ARM Cortex-A72 alongside a quad-core Cortex-A5 CPU. One distinguishing feature of the product is its Android 10 operating system, complemented by an inbuilt WISE-IoTSuite/AppHub for remote management.
Who Are the Key Players In The Industrial Display Market?
Major companies operating in the industrial display market include:
• LG Display Co. Ltd.
• Samsung Display Co. Ltd.
• Advantech Co. Ltd.
• Planar Systems Inc.
• Japan Display Inc.
• Innolux Corp.
• Siemens AG
• Panasonic Corporation Co. Ltd.
• Pepperl+Fuchs SE
• WinMate Inc.
• NEC Display Solutions Ltd.
• Maple Systems Inc.
• BOE Technology Group Co. Ltd.
• AU Optronics Corp.
• Hannstar Display Corp.
• TCL Display Technology Holdings Limited
• Schneider Electric SE
• Sharp Corporation
• Emerson Electric Co.
• Rockwell Automation Inc.
• Prysm Inc.
• SigmaSense
• Barco NV
• ViewSonic Corporation
• Sahara Presentation Systems PLC
• Delta Electronics Inc.
• Corning Incorporated
• DuPont de Nemours Inc.
• E Ink Holdings Inc.
What Are The Regional Insights Into The Industrial Display Market?
North America was the largest region in the industrial display market in 2024. Asia-Pacific is expected to be the fastest-growing region in the industrial display market report during the forecast period. The regions covered in the industrial display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
