Over the past few years, industrial display technologies have undergone notable development. Aided in the development of cutting-edge and next-generation features like large mm pixel pitches, sensible touch, and infinite scalability solutions. Through its distinctive qualities, OLED displays have characteristics like high brightness, low power consumption, and a higher contrast ratio. "OLED" is anticipated to be the technology segment with the fastest growth over the course of the forecast period. During the forecast period, these displays will continue to be widely used in advertising across the globe in the ongoing era of digital technology.
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Data Bridge Market Research analyses that the Industrial Display Market is valued at USD 5.30 billion in 2022 and is expected to reach USD 8.85 billion by 2030, registering a CAGR of 6.60% during the forecast period of 2023 to 2030. Human-Machine Interface solutions, facilitated by industrial displays, are essential in modern industrial settings. They provide operators with intuitive graphical interfaces to monitor and control machinery and processes. The demand for user-friendly HMI solutions is driving the growth of the industrial display market
Key Findings of the Study
Expansion of the industrial IoT (Internet of Things) is expected to drive the market's growth rate
The expansion of the industrial Internet of Things (IoT) has led to increased integration of industrial displays in connected ecosystems. Through connecting industrial displays with IoT devices and sensors, seamless data exchange and remote monitoring become possible. This connectivity enables real-time visibility into operational processes, facilitates predictive maintenance based on data analysis, and supports smart manufacturing practices. Industrial displays play a crucial role in visualizing and interpreting IoT-generated data, optimizing operational efficiency, and driving the adoption of IoT-driven solutions in various industries.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Rugged Displays, Open Frame Monitors, Multi-Touch (P-Cap) Display, Front Display, USB Type-C Display, SDI Display, Rear Mount Display, Panel Mount Monitors, Marine Displays, Video Walls, Others), Panel Size (Upto 14 Inches, 14 Inches to 21 Inches, 21 to 40 Inches, 40 Inches and Above), Technology (LCD, LED, OLED, E-Paper Display), Communication Type (Serial, Ethernet, Mobile Network, Industrial Communication, RF/Zigbee/IR, Jason/MQTT, Others), Application (HMI, Remote Application, Interactive Display, Digital Signage, Imaging), Vertical (Manufacturing, Energy and Power, Military and Avionics, Oil and Gas, Metals and Mining, Transportation, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Samsung (South Korea), LG Display (South Korea), Panasonic Corporation Co, Ltd (Japan), Japan Display Inc (Japan), AUO Corporation (Taiwan), BOE Technology Group Co., Ltd (China), Corning Incorporated (U.S.), DuPont (U.S.), FlexEnable Limited (U.K.), Kateeva (U.S.), SONY INDIA (India), Pioneer Corporation (Japan), WiseChip Semiconductor Inc. (Taiwan), WINSTAR Display Co., Ltd. (China), Visionox Company (China), SHARP CORPORATION (Japan), Innolux Corporation (Taiwan), RAYSTAR OPTRONICS, INC, (Taiwan), RITEK CORPORATION (Taiwan), OSRAM GmbH (Germany), Plessey (U.K.) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The industrial display market is segmented on the basis of type, panel size, technology, communication type, application, and vertical
- On the basis of type, the global industrial display market is segmented into rugged displays, open frame monitors, multi-touch (P-cap) display, front display, USB type-C display, SDI display, rear mount display, panel mount monitors, marine displays, video walls and others. Rugged displays segment is dominating the industrial display market with a CAGR of 8.3% in the forecast period of 2023 to 2030 due to withstand harsh environments, including extreme temperatures, moisture, vibrations, and dust, making them suitable for various industrial and outdoor applications.
In 2023, the rugged displays segment is dominating the type segment of the industrial display market
In 2023, the rugged displays segment is dominating the industrial display market owing to their suitability for a variety of industrial and outdoor applications because they can withstand harsh environments, such as extreme temperatures, moisture, vibrations, and dust. Industries such as manufacturing, transportation, defense, and oil and gas require robust display solutions that can endure challenging conditions with a CAGR of 8.3% in the forecast period of 2023 to 2030
- On the basis of panel size, the global industrial display market is segmented into upto 14 inches, 14 inches to 21 inches, 21 to 40 inches, and 40 inches and above. The upto 14 inches segment is dominating the industrial display market with a CAGR of 7.1% in the forecast period of 2023 to 2030 due to its popularity in consumer electronics, including TVs and computer monitors, striking a balance between screen real estate and practicality.
- On the basis of technology, the global industrial display market is segmented into LCD, LED, OLED, and e-paper display. LCD segment is dominating the industrial display market with a CAGR of 7.7% in the forecast period of 2023 to 2030 due to their high resolution, color accuracy, and brightness, making them suitable for a wide range of applications, including consumer electronics, televisions, computer monitors, and signage.
- On the basis of communication type, the global industrial display market is segmented into serial, Ethernet, mobile network, industrial communication, RF/Zigbee/IR, Jason/MQTT, and others. The serial segment is dominating the industrial display market with a CAGR of 7.3% in the forecast period of 2023 to 2030 due to high-speed data transfer, reliability, and compatibility across various devices and networks. It provides a robust and efficient means of communication in industrial automation, Internet of Things (IoT) applications, and networking infrastructure.
- On the basis of application, the global industrial display market is segmented into HMI, remote application, interactive display, digital signage, and imaging. The HMI segment is dominating the industrial display market with a CAGR of 7.2% in the forecast period of 2023 to 2030 due to the increasing adoption of automation and the need for efficient human-machine interaction in various industries.
- On the basis of vertical, the global industrial display market is segmented into manufacturing, energy and power, military and avionics, oil and gas, metals and mining, transportation, and others. The manufacturing segment is dominating the industrial display market with a CAGR of 7.2% in the forecast period of 2023 to 2030 due to the manufacturing sector extensively relying on display solutions for monitoring and controlling production processes, quality assurance, and real-time data visualization.
In 2023, the manufacturing segment is dominating the vertical segment of the industrial display market
In 2023, the manufacturing segment is dominating the industrial display market owing to the manufacturing industry heavily relying on display solutions for quality assurance, process monitoring, and real-time data visualization. Industrial displays play a crucial role in displaying critical information, facilitating operator interactions, and optimizing operational efficiency in manufacturing environments with a CAGR of 7.2% in the forecast period of 2023 to 2030
Major Players
Data Bridge Market Research recognizes the following companies as the major industrial display market players in industrial display market are Samsung (South Korea), LG Display (South Korea), Panasonic Corporation Co, Ltd (Japan), Japan Display Inc (Japan), AUO Corporation (Taiwan), BOE Technology Group Co., Ltd (China), Corning Incorporated (U.S.), DuPont (U.S.), FlexEnable Limited (U.K.), Kateeva (U.S.)
Market Development
- In 2022, Winmate unveiled the M140TG 14-inch, a very tough tablet designed to provide connectivity and mobility to field customers. The brand-new Rugged Extreme tablet offers cutting-edge processors and a wide range of connectivity options in small devices.
- In 2022, the 32-inch Samsung Smart Monitor M8 has been unveiled. Gen Z typically looks for a one-stop solution to work, learn, and play, so this new Monitor M8 produces a display that fits their design preferences and mature lifestyle.
- In 2021, LG Display Co., Ltd., the world’s leading innovator of display technologies has announced today that it will showcase the world's first 48-inch Bendable Cinematic Sound display utilizes OLED’s advantages as its paper-thin screen bends and unfolds.
- In 2020, Rockwell Automation, Inc., a global leader in industrial automation and digital transformation has completely acquired ASEM, S.p.A., a leading digital automation technology provider based in Italy.
- In 2020, Emersion Electric Co. has released the new portfolio of RXi industrial display and panel PC products for monitoring, visualizing and enhancing everyday production processes.
Regional Analysis
Geographically, the countries covered in the industrial display market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in the industrial display market during the forecast period 2023-2030
North America's dominance in the marine industrial display market can be attributed to several factors. The region's increasing adoption of digital signage and Human-Machine Interfaces (HMIs) in marine applications drives market growth. Additionally, the growing investment in Internet of Things (IoT) technology and multi-feature HMI devices further strengthen the market. These advancements enable enhanced connectivity, real-time data visualization, and efficient control in marine environments, catering to the increasing demand for advanced display solutions. North America's emphasis on technological advancements and investment in marine infrastructure contribute to its leading position in the marine industrial display market.
Asia-Pacific is estimated to be the fastest-growing region in the industrial display market for the forecast period 2023-2030
Asia-Pacific is poised to experience rapid development in the industrial display market due to the increasing power generation sector and the growth of the manufacturing industry. The region's rising demand for electricity and infrastructure development drives the need for advanced display solutions in power plants and manufacturing facilities. Industrial displays play a crucial role in monitoring and controlling operations in these sectors, optimizing efficiency, and facilitating seamless human-machine interaction, thus driving market growth in the Asia-Pacific region
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