Global Industrial Display Market By Type (Rugged Displays, Panel-Mount Monitors, and Others), By Technology (LCD, OLED, and LED), By Application (Digital Signage, HMI, Interactive Display, and Remote Monitoring), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Industrial Display Market Overview:

The market for Industrial Display was worth USD 5,254.1 million in 2021. This market is projected to grow at a 6.2% CAGR, between 2023 and 2032.

There are several factors that have contributed to the growth of the market, including the increased penetration of multi-featured Human-Machine Interfaces (HMI) devices and the adoption of the Industrial Internet of Things. Displays are gaining popularity due to their innovative features, including touch screen panels, RFIDs, automatic touch detectors, Ethernet connectivity, vibration, and chemicals.

Global Industrial Display Market Analysis

Type Analysis

The market’s largest revenue share was held by the panel-mount monitor segment, which accounted for over 33% in 2021. It is expected to continue dominating the market over the forecast period. Its popularity can be attributed to its wide range of uses, ease of availability, and affordability. Panel-mount industrial displays are used primarily for process control in manufacturing plants.

Maritime displays are designed to withstand harsh marine environments. It is expected to grow strongly during the forecast period. These displays have many benefits, including real-time sonar for ships, an Ethernet-integrated fighting platform for battleships & tank balance systems, unmanned monitoring systems for seaport power substations, and ship engine monitor systems.

The rugged displays are built to withstand harsh industrial conditions such as extreme vibrations, temperature, and wet & dry conditions. These displays are useful in railway control systems and military-grade monitors.

Application Analysis

HMI application segment held a significant market share in 2021. It is expected to see rapid growth in the future. HMI is expected to be the largest segment in the overall market’s revenue by 2032. Multinational HMI companies are expanding their reach in emerging markets like China, India, and other countries.

The technological revolution is expected to combine the global reach and control of industrial machinery, infrastructure, as well as operational processes in factories with the internet. HMI devices have seen a rapid increase in demand due to Industrial Internet of Things applications’ robust growth. This is expected to continue for the forecast period.

The interactive display facilitates two-way communication between the user and machine; they are expected to experience the highest CAGR in 2023-2032. The rapidly growing use of touchscreen tables and video walls within the hospitality and business industries will drive the market during the forecast period.

Interactive displays are a great way to foster collaboration in the classroom. They encourage engagement, group learning, and innovation as well as feedback, not only between students and professors but also between students. The use of touchscreen tablets for corporate meetings can provide a better experience both for clients and employees. This technology helps clients, managers, and employees to feel more connected in the office.

Key Market Segments

By Type

• Rugged Displays
• Panel-Mount Monitors
• Open-frame Monitors
• Video Walls
• Marine Displays

By Technology

• LCD
• OLED
• LED

By Application

• Digital Signage
• HMI
• Interactive Display
• Remote Monitoring

Market Dynamics

Displays are an ideal replacement for outdated push-button technology and manual processes, making this a lucrative investment area. To keep up with changing industrial requirements, the market is marked by technological advancements. The latest developments in the industry include Thin-Film-Transistor(TFT), Liquid Crystal Displays [LCD], Digital Light Processing (DLP), and Color Filter (CF).

The growing demand for multi-featured HMIs is driving innovation and advancement. There are many regulations that govern the manufacture and sale of industrial displays. These vary from one country to another. For example, the European Union Law on the Restriction and Control of Hazardous Substances has limited the use of cadmium and hexavalent chromium & hexavalent flame retardants, in electronic equipment.

Regional Analysis

In 2021, North America dominated the market with a 31% global revenue share. Over the projection period, new business opportunities will likely be opened by increased usage of HMIs in North America. In this region, there may be an increase in industrial automation and higher expenditures on Industrial IoT apps, as well as multi-featured HMI devices, which could accelerate the use of industrial display capabilities. The U.S. is believed to be the largest North American market for industrial display products. It also generates high demand for interactive display, remote monitoring, and HMI applications.

APAC is also seeing the rise of industrial displays from countries such as China, India, and Japan. The Asia Pacific will see the greatest growth during the projection period. The power generation and manufacturing industries are the main drivers of the demand for industrial display products in this region. These displays are produced by a few companies that are located in the Asia Pacific region.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Many companies have entered into Mergers & Acquisitions in order to address the shortcomings of their internal R&D and produce breakthrough technologies. Emerson launched the RXi industrial monitor and panel PC portfolio in May 2021. This is intended to help manufacturers visualize and manage their daily operations. Emerson’s Programmable Automation Control(PAC), third-party controller systems are compatible with RXi industrial displays.

Маrkеt Кеу Рlауеrѕ:

• Samsung Display
• Advantech Co. Ltd.
• LG Display Co. Ltd.
• Innolux Corporation
• Japan Display Inc.
• Advantech Co. Ltd.
• Rockwell Automation Inc.
• WinMate Inc.
• Other Key Players

For the Industrial Display Market research study, the following years have been considered to estimate the market size: