Open frame industrial displays find versatile applications across industries, serving as essential interfaces for machinery and processes. Their features include robust construction, compatibility with harsh environments, and customizable design. They are utilized in manufacturing lines, process control systems, digital signage, and human-machine interfaces (HMIs). These displays provide real-time data visualization, enabling operators to monitor, control, and optimize operations. Their pivotal role in enhancing productivity, data-driven decision-making, and user interaction makes them integral components in modern industrial setups.
According to Data Bridge Market Research, the Global Open Frame Industrial Display Market accounted for USD 7,903.20 million by 2021 and is expected to reach a value of USD 13,681.03 million by 2029. The market is expected to grow with a CAGR of 7.10% in the forecast period of 2022 to 2029.
“Increased adoption of the Internet of Things (IoT) boosts the market’s growth”
The open frame industrial display market is experiencing growth due to increased adoption of the Internet of Things (IoT). As IoT integration expands, industries seek efficient ways to display and manage data. Open frame displays provide customizable solutions for embedding IoT-enabled interfaces into machinery and equipment. This trend drives demand, enhancing user interaction and data visualization, thereby propelling market growth as industries harness the power of IoT to optimize operations and decision-making processes.
What restraints the growth of the global open frame industrial display market?
“Elevated costs associated with these displays restraints the market’s growth”
The growth of the open frame industrial display market faces constraints due to the elevated costs associated with these displays. Their specialized design, durability, and compatibility with industrial environments contribute to higher production costs. This can deter budget-conscious buyers, particularly in price-sensitive industries. Market expansion requires manufacturers to address cost concerns by innovating cost-effective production methods or emphasizing the added value these displays bring, thereby mitigating the hindrance posed by their high cost.
Segmentation: Global Open Frame Industrial Display Market
The global open frame industrial display market is segmented on the basis of technology, panel size, applications, and verticals.
- On the basis of technology, the open frame industrial display market is segmented into LCD, LED, OLED, E-paper display.
- On the basis of panel size, the open frame industrial display market is segmented into up to 14", 14–21", 21 –40", 40", and above.
- On the basis of applications, the open frame industrial display market is segmented into HMI, remote monitoring, interactive display (kiosk), digital signage, and imaging.
- On the basis of verticals, the open frame industrial display market is segmented into manufacturing, energy and power, chemicals, oil and gas, metals and mining, transportation, and others.
Regional Insights: North America dominates the Global Open Frame Industrial Display Market
North America dominates the open frame industrial display market in terms of revenue and market share due to the region's open frame industrial display market growth is attributed to the rising use of HMIs and digital signage, coupled with investments in multi-feature HMI devices and IoT technology. This convergence enhances user interfaces and data connectivity, driving demand for open frame displays to cater to the expanding technological landscape.
Asia-Pacific is expected to be the fastest developing region during the forecast period of 2022-2029 due to both the robust power generation sector and the rapid growth of the manufacturing industry. These sectors drive demand for advanced display solutions to monitor processes, facilitate control, and ensure seamless operations, propelling the adoption of open frame displays in the region.
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The Prominent Key Players Operating in the Global Open Frame Industrial Display Market Include:
- 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.)
Above are the key players covered in the report, to know about more and exhaustive list of global open frame industrial display market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Open Frame Industrial Display Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
