Market Size of Industrial Display Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 11.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Industrial Display Market Analysis
The industrial display market is expected to register a CAGR of 6.2% during the forecast period (2021 - 2026). Various factors such as the increasing demand for HMI devices, the rapid growth of LED-backlit technology and increasing demand for LCD-based display solutions, and the rapidly rising adoption of IIoT are expected to boost the market for industrial display forward.
- The market is primarily driven by the constant technological shift, the development of HD (high definition) displays with minimum bezels and touch screens. With the increased investments from major vendors across the globe towards the development of these displays for outdoor applications are also expected to provide a significant boost to the market.
- The display industry is also gaining importance on the account of innovative features offered by these displays, which include touch screen panels, automatic touch detector, Ethernet connectivity, radio frequency identification (RFID) and resistance to shock, high temperature, scratch, vibration, dust, and chemicals.
- The industrial displays also offer a huge investment opportunity to the players as these displays are an appropriate replacement for manual processes and the outdated push-button technology.
- However, the capital-intensive structure of the industrial display market could restrain the market growth making it difficult for players to exploit the opportunities in the cost-sensitive regional markets.
Industrial Display Industry Segmentation
The industrial displays areLCD, LED displays, touch screen panels, outdoor displays, digital signage displays, and various industrial monitors. Vendors in this marketprovidea wide range ofdisplays in various sizes as per the end-users such as transportation, manufacturing, oil & gas among others.
| By Type | |
| Rugged Displays | |
| Open Frame Monitors | |
| Panel Mount Monitors | |
| Marine Displays | |
| Other Types |
| By Technology | |
| LCD | |
| LED |
| By End User | |
| Manufacturing | |
| Energy & Power | |
| Oil & Gas | |
| Transportation | |
| Other End Users |
| Geography | ||||||
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Industrial Display Market Size Summary
The industrial display system market is poised for significant growth, driven by the increasing demand for human-machine interface (HMI) devices and the rapid advancement of LED-backlit and LCD-based display technologies. The adoption of Industrial Internet of Things (IIoT) solutions is further propelling the market forward. Technological advancements, such as the development of high-definition displays with minimal bezels and touch screens, are key drivers of market expansion. Additionally, investments from major global vendors in outdoor application displays are expected to enhance market growth. The industry is also benefiting from innovative features like touch screen panels, Ethernet connectivity, and resistance to environmental factors, which make these displays suitable replacements for manual processes and outdated technologies. However, the capital-intensive nature of the market may pose challenges, particularly in cost-sensitive regions.
In the transportation sector, industrial displays play a crucial role in facilitating customer interactions, such as making reservations and providing real-time information on arrivals and departures. These displays are integral to infrastructure, aiding in wayfinding and brand advertising at airports and stations. The demand for industrial digital signage, public information displays, and kiosks is rising, driven by increased air travel and the need for system control and entertainment in various transportation modes. North America is expected to dominate the market due to strong demand for display technologies and automation solutions across industries like manufacturing and oil and gas. The region's rapid adoption of IoT-based technologies and digital signage presents new business opportunities. The market is competitive, with key players like Samsung Electronics, LG Display, and Panasonic focusing on product innovation and strategic mergers and acquisitions to strengthen their market positions.
Industrial Display Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Adoption of Industrial IoT
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1.2.2 Increasing Demand of HMI Devices
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1.3 Market Restraints
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1.3.1 High Cost of Implementation and Maintenance
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1.4 Industry Value Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Rugged Displays
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2.1.2 Open Frame Monitors
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2.1.3 Panel Mount Monitors
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2.1.4 Marine Displays
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2.1.5 Other Types
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2.2 By Technology
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2.2.1 LCD
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2.2.2 LED
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2.3 By End User
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2.3.1 Manufacturing
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2.3.2 Energy & Power
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2.3.3 Oil & Gas
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2.3.4 Transportation
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2.3.5 Other End Users
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.2 Europe
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2.4.2.1 United Kingdom
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2.4.2.2 Germany
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2.4.2.3 France
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2.4.2.4 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 South Korea
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2.4.3.4 Rest of Asia-Pacific
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2.4.4 Rest of the World
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2.4.4.1 Latin America
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2.4.4.2 Middle-East & Africa
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Industrial Display Market Size FAQs
What is the current Industrial Display Market size?
The Industrial Display Market is projected to register a CAGR of 11% during the forecast period (2024-2029)
Who are the key players in Industrial Display Market?
Samsung Electronics Co. Ltd., LG Display Co. Ltd., Panasonic Corporation, Schneider Electric SE and Siemens AG are the major companies operating in the Industrial Display Market.
