Industrial displays include digital signage displays, outdoor displays, touch screen panels, LCD displays, and a wide range of industrial monitors that operate with embedded systems and boards to satisfy a variety of industrial applications. Because of the quick pace of development of display technologies and the presence of multiple companies focused on research and development efforts aimed at developing innovative solutions in the display industry, the market has become extremely competitive in recent years.
Access Full Report @ https://www.databridgemarketresearch.com/reports/global-panel-mount-industrial-display-market
Global panel mount industrial display market is expected to reach USD 2,874.55 million by 2028 from USD 1,534.80 million in 2020, growing with a CAGR of 8.8% in the forecast period of 2021 to 2028. The market is predicted to increase significantly due to the growing acceptance of the industrial internet of things (IIoT), rising demand for multi-featured Human Machine Interface (HMI) devices, and growing adoption of smart industrial displays. The displays' new characteristics, such as automatic touch detectors and touch screen panels; radio frequency identification (RFID); Ethernet connectivity; and resistance to high temperature, shock, vibration, dust, abrasion, and chemicals, are propelling the industry forward. Because the displays are a suitable alternative for manual operations and outmoded push-button technology, the industry presents a significant investment potential.
Increasing adoption of internet of things (IOT) globally is expected to drive the market's growth rate
The adoption of IoT has increased over the years, and market players are introducing new IoT-enabled display systems. The IoT-enabled displays provide better visualization for the connected devices. Therefore, the adoption of industrial IoT has acted to boost the growth of the global panel mount industrial display market. This in turn will act as an important market growth determinant. Increased expenditure by public and private players on the development of IT infrastructure will also promote the market growth rate. Continuous research and development pertaining to the deployment of advanced technologies will yet again widen the scope of growth.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2021 to 2028
|
|
Base Year
|
2020
|
|
Historic Years
|
2019 (Customizable to 2013 - 2018)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Technology (LED, Liquid Crystal Display (LCD) And OLED), Panel Size (14" -21", Up To 14", 22"-40" and 41" And Above), Resolution (HD, 4K and Others), Touch Availability (Touch and Non Touch), Application (HMI, Industrial Open Frame Monitors, Remote Monitoring, and Imaging), End User (Manufacturing, Medical, Oil and Gas, Food Processing, Transportation, Energy and Power, and Others)
|
|
Countries Covered
|
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.
|
|
Market Players Covered
|
Advantech Co. Ltd. (Taiwan), American Industrial Systems, Inc. (U.S.), Siemens (Germany), Pepperl + Fuchs (Germany), Hope Industrial Systems, Inc. (U.S.), TRU-Vu Monitors, Inc. (U.S.), AUO Display Plus Corp. (Taiwan), Winmate Inc. (Taiwan), INDUCOMP Corporation (U.S.), Powerview Display Corp. (Taiwan), Rockwell Automation, Inc. (U.S.), Nemacom Ltd. (U.K.), Schneider Electric (France), New Vision Display (Shenzhen) Co., Ltd. (Taiwan), EIZO Corporation (Japan), Axiomtek Co. Ltd. (Taiwan), Quanzhou Neway Industrial Limited (Taiwan), WINSONIC ELECTRONICS CO., LTD. (Taiwan), Datasound Laboratories (U.K.) among others.
|
|
Data Points Covered in the Report
|
In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
|
Segment Analysis:
Global panel mount industrial display market is segmented into six notable segments which are based on technology, panel size, resolution, touch availability, application, and end user.
- On the basis of technology, the global panel mount industrial display market has been segmented into LED, Liquid Crystal Display (LCD) and OLED. In 2021, Liquid Crystal Display (LCD) segment is expected to dominate the global panel mount industrial display market with 54.61% market share as the display offers a long life span and is highly energy efficient. Moreover, LCDs uses pixels made of organic material, so they don’t suffer from screen burn-in.
- On the basis of panel size, the global panel mount industrial display market has been segmented into 14" -21", up to 14", 22"-40" and 41" and above. In 2021, 14" -21" segment is expected to dominate the global panel mount industrial display market with 44.38% market share as it is the most suitable size to be used by industrial PCs. The size offers optimum detailing of the picture and the compact size makes it easy to transport and mount on the required place.
- On the basis of resolution, the global panel mount industrial display market has been segmented into HD, 4K and others. In 2021, the HD segment is expected to dominate the global panel mount industrial display market with 66.93% market share as it is the most economical resolution that offers high-quality pictures. Most of the systems are compatible with HD displays, and it provides with the appropriate quality required for industrial applications.
- On the basis of touch availability, the global panel mount industrial display market has been segmented into touch and non touch. In 2021, the touch segment is expected to dominate the global panel mount industrial display market with 52.90% market share as touch displays make the operations much faster as it enhances human machine interface and reduces the requirement of any other devices or components. The user can easily control the display with just a simple touch making the interface more user-friendly.
- On the basis of application, the global panel mount industrial display market has been segmented into HMI, industrial open frame monitors, remote monitoring and imaging. In 2021, HMI segment is expected to dominate the global panel mount industrial display market with 37.48% market share as it helps the user or operator be in direct communication with the machine and with increasing growth in smart manufacturing, the need for human-to-machine interacting through advanced technology such as IoT has increased.
- On the basis of end user, the global panel mount industrial display market has been segmented into manufacturing, medical, oil and gas, food processing, transportation, energy and power, and others. In 2021, manufacturing segment is expected to dominate the global panel mount industrial display market with 31.86% market share as with the implementation of industry 4.0, advanced technologies are being integrated into manufacturing process. Automation has increased and industries are getting digitally transformed, increasing the need for industrial displays for visualization.
Manufacturing dominates the end user segment of the panel mount industrial display market
In 2021, manufacturing segment will emerge as the dominating segment with 31% market share. This is because of the implementation of industry 4.0, advanced technologies are being integrated into manufacturing process. Automation has increased and industries are getting digitally transformed, increasing the need for industrial displays for visualization.
Major Players
Data Bridge Market Research recognizes the following companies as the major panel mount industrial display market players in market are Advantech Co. Ltd. (Taiwan), Siemens (Germany), Pepperl + Fuchs (Germany), Rockwell Automation, Inc. (U.S.), New Vision Display (Shenzhen) Co., Ltd. (Taiwan) and EIZO Corporation (Japan).
Market Development
- In March 2020, EIZO Corporation announced the launch of FDF2182WT, as a PCAP Touch Panel Monitor. The new product offers 21.5-inch multitouch monitor with full HD (1920 x 1080) resolution and is highly suitable for industrial, medical, and public access environments. The new product helped in increasing the product portfolio of the company.
- In February 2019, New Vision Display (Shenzhen) Co, Ltd. (A subsidiary of Tianjin Jingwei Huikai Optoelectronic Co., Ltd) announced the launch of 2.95-inch AMOLED display of its OSD Displays Division. The 2.95-inch display offered 1800×1200 resolution that provided a 547PPI quality image. The new product helped in increasing the product line of the company.
- In June 2020, Siemens announced the launch of new flat-panel monitors and panel PCs. The new products came in with industrial standard 19 and 22-inch widescreen displays for multi-touch and gesture operation and included the latest industrial standard anti-glare. The new product enhanced the product offering of the company for the industrial displays market.
Regional Analysis
Geographically, the countries covered in the panel mount 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 panel mount industrial display market during the forecast period 2021 - 2028
North America is dominating the global panel mount industrial display market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. Increased investments in IIoT applications and multi-featured HMI devices could be to blame. Over the forecast period, the region's increased usage of HMIs and digital signs is likely to open up new business prospects. Furthermore, the region was one of the first to adopt industrial automation, and it is expected to incorporate these displays at a quicker rate in the future.
Asia-Pacific is estimated to be the fastest growing region in panel mount industrial display market the forecast period 2021 - 2028
Asia-Pacific is expected to grow during the forecast period due to the increasing patient population and rapid development of infrastructural facilities in emerging economies in this region. In addition to this, rising level of private and public expenditure on the development of IT industry infrastructure in the developing and backward economies and increasing per-capita income are expected propel the market's growth rate in this region. Also, rising demand from the power generation and manufacturing sectors and presence of prominent manufacturers are some other important market growth determinants.
COVID-19 Impact Analysis
The COVID-19 pandemic wreaked havoc on the global population, bringing chaos and disruption in all aspects of life. From supplier networks to customer delivery, the COVID-19 epidemic impacted the flat panel display market and operations. New surgical vision platforms with flat panel displays and ultra-high brightness are being developed by flat panel display providers to eliminate glare and reflection in bright conditions. Flat panel display sales are likely to increase in the next years due to a greater focus on technological advances and increased demand for car display technologies.
For more detailed information about the panel mount industrial display market report, click here – https://www.databridgemarketresearch.com/reports/global-panel-mount-industrial-display-market
