Industrial Display Market Report
Industrial Display Market By Type (Rugged Displays, Open Frame Monitors, Panel-Mount Monitors, Marine Displays, and Video Walls), Application (HMI, Remote Monitoring, Interactive Display, and Digital Signage), Technology (LCD, LED, OLED, and E-Paper), Panel Size (Up to 14”, 14-21”, 21-40”, and 40” and above), End User (Manufacturing, Dominating, Mining & Metals, Chemical, Oil, and Gas, Energy & Power, and Others), and Region (North America, Europe, Asia-Pacific, and LAMEA): Opportunity Analysis and Industry Forecast, 2023-2032
Industrial Display Overview
Industrial display is the area of electronics industry, which is concerned with the development, marketing, and use of specialized display solutions designed specifically for industrial applications. These displays are built to withstand the particular requirements of industrial settings, which are distinguished by toughness, dependability, and performance. They are used in a variety of industrial contexts, including factories, process control centres, transportation networks, and energy facilities, where they give technicians and operators vital visual information and data. Industrial displays are designed to survive environmental factors, such as extreme temperatures, vibrations, exposure to dust and moisture, and others. Additionally, they frequently have technologies like touchscreens, high brightness, and improved readability to guarantee effective operation even in difficult conditions.
Global Industrial Display Market Analysis
The global industrial display market size was $5.4 billion in 2022 and is predicted to grow at a CAGR of 6.5%, by generating a revenue of $10.2 billion by 2032.
COVID-19 Impact on Global Industrial Display Market
The industrial display market has been significantly impacted by the COVID-19 epidemic. The viral epidemic and associated global lockdown measures caused interruptions in various operations and supply network of companies, which decreased consumer demand for industrial displays. Many factories were forced to either close or operate at reduced capacity, which had an impact on their investments in innovative display technologies. Additionally, the distribution and installation of industrial displays in numerous sectors were constrained by the travel restrictions and social isolation policies implemented during the pandemic. Due to uncertainties and financial constraints, businesses delayed or scrapped their upgrade plans, which further slowed market expansion.
Nevertheless, despite these difficulties, several encouraging patterns were seen. Industrial display applications in remote monitoring, control systems, and data visualization have been made possible by the rising emphasis on automation and digitization to minimize human intervention and assure business continuity. Demand for medical grade displays for telemedicine and diagnostic applications increased significantly in industries like healthcare and pharmaceuticals. The industrial display market is anticipated to recover as economies stabilize and the world slowly recovers from the pandemic.
Increasing Usage of Automaton & Digitalization across Various Industries to Drive the Market Growth
The industrial display Market has expanded significantly in recent years, mostly due to several important factors. The demand for advanced display solutions to enable effective and real-time data visualization has been spurred by the growing use of automation and digitization across numerous industries. Industrial displays are essential for giving operators access to vital information, boosting productivity, and facilitating decision-making. Secondly, the use of more durable and rugged display solutions in dangerous areas is a result of the increased focus on improving worker safety and ergonomics. These displays are perfect for use in industrial settings since they are made to withstand harsh circumstances including high temperatures, vibrations, exposure to dust, and water. Lastly, the market has grown tremendously as a result of the rising demand for Human-Machine Interface (HMI) systems. Industrial displays are now essential parts of HMIs, enabling seamless interaction between humans and machines as enterprises seek to enhance user interactions and provide intuitive control interfaces for devices and processes.
High Cost Associated with Industrial Displays to Restrain the Market Growth
The unpredictability of the world economy is a big restraint. The industrial display market could be impacted by decreased investments in industrial sectors brought on by economic changes and geopolitical concerns. Besides, the high costs associated with the industrial displays is another factor predicted to restrict the market growth during the forecast period. Advanced display technology integration into industrial processes frequently necessitates a sizable capital investment and may call for modifications to current operations.
Advancements in Technology to Drive Excellent Opportunities
Significant technological improvements have already been occurring in the industrial display market. The switch from conventional displays to more sophisticated and adaptable solutions is one of the major areas of development in the industrial display market. OLED (Organic Light Emitting Diodes) and Quantum Dot displays are two examples of cutting-edge technologies that producers are progressively implementing into their goods. These developments provide superior visual experiences for industrial applications by delivering improved color accuracy, greater resolution, and improved contrast ratios. Additionally, a clear trend towards tough, resilient screens that can resist harsh industrial conditions has emerged. These displays are made to be resistant to elements, such as dust, moisture, extremely high or low temperatures, and mechanical shocks, providing dependable performance under difficult circumstances. The development of touch-screen technology has also made great strides towards more engaging and intuitive user interfaces. Due to their responsiveness and multi-touch capabilities, capacitive touchscreens, for example, have gained widespread use and enable operators to efficiently engage with intricate industrial systems. Additionally, there has been an increase in the Internet of Things (IoT) capabilities being included in industrial displays. All these factors are expected to create massive growth opportunities for the global industrial display market during the forecast period.
Global Industrial Display Market Share, by Type, 2022
The panel-mount monitors sub-segment accounted for the highest market share in 2022. Various industries, from manufacturing and automation to transportation and healthcare, depend heavily on the industrial display market. The panel-mount monitors category is quite important and plays a big part in this industry. Between human workers and sophisticated industrial systems, these monitors act as vital interfaces. They give operators real-time visual feedback, data visualization, and control options so they can keep track of processes, change settings, and decide how best to run businesses. In the industrial display market, panel-mount monitors perform the crucial roles of providing the toughness, dependability, and longevity needed for the harsh environments of industrial applications. They are designed to tolerate severe temperatures, shocks, dust, and moisture, providing consistent and dependable performance even in difficult circumstances. Additionally, to enable a simple and intuitive human-machine interface, these monitors are frequently fitted with features like touchscreens or buttons made of industrial-grade materials.
Global Industrial Display Market Share, by Application, 2022
The HMI sub-segment accounted for the highest market share in 2022. HMIs are the main interface between human operators and the equipment or systems they manage in the industrial sector, where complicated machinery and procedures are used. These displays are an essential part of contemporary industrial automation and control systems because they enable operators to engage with and monitor numerous industrial processes. The desire for automation, process efficiency, and data visualization in sectors like manufacturing, oil & gas, automotive, pharmaceuticals, and others has led to a substantial expansion in the industrial display market over the years. HMIs provide operators with simple and intuitive user interfaces that let them access real-time data, change settings, find errors, and issue commands, increasing overall productivity and reducing downtime.
Global Industrial Display Market Share, by Technology, 2022
The LCD sub-segment accounted for the highest market share in 2022. As one of the most common and commonly used display technologies, LCD (Liquid Crystal Display) sub-segment plays a significant role in the industrial display market. These displays are preferred in industrial settings because of their adaptability, dependability, and affordability. Since LCDs can produce high-quality images, they are perfect for displaying crucial facts, figures, and images in industrial settings. The capacity of LCD technology to function well in a variety of situations, such as harsh temperatures, fluctuating lighting settings, high levels of dust and humidity, and other challenging environments, is one of the main factors contributing to their success in the industrial display industry. The robustness and dependability of these displays, which can endure harsh industrial environments, are crucial for industrial applications where continuous operation is crucial. Additionally, LCDs provide a variety of customization options that let producers adjust the display's size, resolution, and features to fit particular industrial specifications.
Global Industrial Display Market Share, by Pannel Size, 2022
The 14-21” sub-segment accounted for the highest market share in 2022. The 14-21" panel size is essential to meet the varying needs of numerous industrial applications. In industrial settings where restricted space is a prevalent restriction, these display sizes provide the ideal mix between screen real estate and space efficiency. Numerous industries, including manufacturing, robotics, aircraft, transportation, and logistics, extensively use the 14-21" industrial screens. These displays are frequently used in Human-Machine Interface (HMI) systems, where they operate as the main point of contact for technicians and operators when interacting with sophisticated equipment and control systems. The industrial grade displays in this size range are designed to endure extreme temperatures, dust, dampness, vibrations, and other challenging environmental factors, making them dependable and durable. They also have cutting-edge features including high brightness, broad viewing angles, and ruggedized touch technologies, which improve their usability in a variety of lighting settings and guarantee precise input even when used in harsh environments or while wearing gloves.
Global Industrial Display Market Share, by End User, 2022
The manufacturing sub-segment accounted for the highest market share in 2022. The dependability and endurance of these displays in industrial environments are guaranteed by their design to endure challenging environmental conditions. Industrial displays are in high demand because they are essential for process monitoring, control systems, and data visualization in the manufacturing industry. The need for sophisticated and top-notch industrial displays has increased with the introduction of Industry 4.0 and the growing focus on automation and digitization in production processes. Manufacturers in this market are continually coming out with new products to fulfil the demands of various industries, such as ruggedized displays for outdoor applications, touchscreen displays for user-friendly user interfaces, and large format displays for improved data visualization. To provide seamless integration with current systems, they also place a strong emphasis on ensuring compliance with rules and industry standards. The need for industrial displays is anticipated to increase further as the manufacturing sector continues to embrace digital transformation.
Global Industrial Display Market Share, by Region, 2022
The Asia-Pacific industrial display Market generated the highest revenue in 2022. This is mainly because some of the economies in this region, including those of China, India, Japan, South Korea, and numerous Southeast Asian nations, are among the fastest growing in the world. These nations' industrial sectors have been expanding quickly, creating a sizable demand for industrial displays across a range of applications. The increasing implementation of automation and Industry 4.0 technologies is one of the major reasons propelling the market’s growth in the Asia-Pacific region. There is a greater need for sophisticated and advanced display solutions as industries progress towards smart manufacturing and digitalization to visualize and manage complicated operations. The Asia-Pacific region has also seen tremendous innovation and advancement in the manufacturing, electronics, and automotive sectors, which has increased demand for cutting-edge display technology in those sectors' production facilities.
Competitive Scenario in the Global Industrial Display Market
Product development and investment are the common strategies followed by the major market players. For instance, in 2022, Winmate unveiled the M140TG 14-inch, a particularly durable tablet, in 2022 to provide field customers with connectivity and mobility. The brand-new Rugged Extreme tablet offers cutting-edge processors and a wide range of networking options for small devices.
Some of the leading industrial display market players are Samsung Display, 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, and Japan Display, Inc.
Historical Market Estimations
Base Year for Market Estimation
Forecast Timeline for Market Projection
North America, Europe, Asia-Pacific, and LAMEA
Segmentation by Type
Segmentation by Application
Segmentation by Technology
Segmentation by Panel Size
Segmentation by End User
Key Companies Profiled
Q1. What is the size of the global industrial display market?
A. The size of the global industrial display market was over $5.4 billion in 2022 and is projected to reach $10.2 billion by 2032.
Q2. Which are the major companies in the industrial display market?
A. Sharp NEC Display Solutions, Ltd. and Innolux Corporation are some of the key players in the global industrial display market.
Q3. What are the strategies opted by the leading players in this market?
A. Product development and investment are the two key strategies opted for by the operating companies in this market.
Q4. Which companies are investing more in R&D practices?
A. Samsung Display and LG Display are the companies investing more in R&D activities for developing new products and technologies.