Market Trends of Industrial Display Industry
This section covers the major market trends shaping the Industrial Display Market according to our research experts:
Transportation Sector to Witness Significant Growth
- Industrial displays in the transportation sector which are primarily the part of infrastructure mainly assist customers to make necessary reservations and helps to find out the ticket price, get information about arrivals and departures, and also to receive updates on the current status of reservations.
- Also, in airports and stations, they enable wayfinding for travelers and are also used to advertise brands, permitting organizations to efficiently and quickly communicate to the customer requirements for traveling.
- The primary products for the transportation sector are the industrial digital signage, public information displays, and industrial kiosks for ticket printing and booking, among others. These displays are used in various transportation verticals such as trains, buses, and airports. They are also being used for system control, entertainment purpose, cockpit for navigation, and others.
- With the increasing usage of air travel across various regions, the demand for these displays is expected to witness further demand during the forecast period.
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North America is Expected to Hold the Largest Share
- The North American region is expected to hold the largest market share during the forecast period primarily owing to the strong demand for display technologies and the rising demand for automation solutions from various end-user industries such as manufacturing, oil & gas among others.
- The region is also witnessing a rapidly rising demand for remote monitoring solutions, interactive display modules and, human-machine interfaces, mostly due to the rising adoption of IoT-based technologies in the industrial segment.
- Moreover, various major manufacturers of industrial displays, semiconductor components, monitors, and HMIs are based out of this region, making it an important region in the industrial display market.
- Also, the region is witnessing a rapid adoption of digital signage and video wall in various industries, which is further expected to open new business opportunities for the market players over the forecast period.
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