Asia-Pacific Panel Mount Industrial Display Market, By 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), Country (China, Japan, India, South Korea, Australia, Indonesia, Singapore, Thailand, Malaysia, Philippines and Rest of Asia-Pacific), Market Trends and Forecast to 2028
Market Analysis and Insights: Asia-Pacific Panel Mount Industrial Display Market
Asia-Pacific panel mount industrial display market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 9.40% in the forecast period of 2021 to 2028 and is expected to reach USD 957.38 million by 2028. The high presence of manufacturers and top players in the region is boosting the growth of the market.
Panel mount display is industrial display equipment that can fit into an aperture or hole and can be mounted onto a panel. Panel mount type can also be installed with a VESA mount, rear mount, or a front mount. The industrial display system is used for displaying digital output and includes different kinds of TFT-display screens, monitors, and similar equipment. Industrial displays are being used in almost all the industry verticals such as transportation, manufacturing, medical, and others. The protective tempered glass acts as a shield for the industrial display to protect from dust and liquids. Moreover, the displays can use different touch and non-touch screen technologies as per the application requirement.
The major factors driving the growth of the panel mount industrial display market are increasing adoption of internet of things (IoT) and rising demand for multi-featured human machine interface (HMI) devices. Increasing number of partnership and collaboration to increase geographical reach of companies is boosting the growth of the market. High initial cost related with implementation of industrial displays is the major restraint for panel mount industrial display market. Complexity in deployment of displays for all weather conditions is acting as a major challenge for the growth of the market.
This panel mount industrial display market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Panel Mount Industrial Display Market Scope and Market Size
Asia-Pacific panel mount industrial display market is segmented on the basis of technology, panel size, resolution, touch availability, application, and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of technology, Asia-Pacific panel mount industrial display market has been segmented into LED, Liquid Crystal Display (LCD), OLED. In 2021, LCD segment dominates because it occupies low space and can be easily integrated in industrial applications.
- On the basis of panel size, Asia-Pacific panel mount industrial display market has been segmented into upto 14”, 14”-21”, 22”-40”, 41” and above. In 2021, 14”-21” segment dominates because it can be easily mounted over forklifts and other industrial equipment.
- On the basis of resolution, Asia-Pacific panel mount industrial display market has been segmented into 4K, HD, others. In 2021, HD segment dominates as it offers high visibility to the pictures of industrial relevance and the details can be easily mapped out.
- On the basis of touch availability, Asia-Pacific panel mount industrial display market has been segmented into touch, non touch. In 2021, touch segment dominates because easy working of system as no other device is required to operate the system.
- On the basis of application, Asia-Pacific panel mount industrial display market has been segmented into industrial open frame monitors, interactive display, HMI, ATM, Imaging, remote monitoring. In 2021, HMI segment dominates as it can be used to increase the human to machine communication without any specific compications.
- On the basis of end user, Asia-Pacific panel mount industrial display market has been segmented into manufacturing, food processing, medical, transportation, oil and Gas, energy and power, others. In 2021, manufacturing segment dominates as the demand of industrial displays has increased for visualization of various manufacturing processes.
Asia-Pacific Panel Mount Industrial Display Market Country Level Analysis
Asia-Pacific panel mount industrial display market is analysed and market size information is provided by country, technology, panel size, resolution, touch availability, application, and end user.
The countries covered in Asia-Pacific panel mount industrial display market report are China, Japan, India, South Korea, Australia, Indonesia, Singapore, Thailand, Malaysia, Philippines and Rest of Asia-Pacific.
China is dominating the market in Asia-Pacific region due to increasing production of panel mount displays and high presence of local players in the country.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rising Demand of Panel Mount Industrial Display
Asia-Pacific panel mount industrial display market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in Panel Mount Industrial Display and changes in regulatory scenarios with their support for the Asia-Pacific Panel Mount Industrial Display market. The data is available for historic period 2011-2019.
Competitive Landscape and Asia-Pacific Panel Mount Industrial Display Market Share Analysis
Asia-Pacific panel mount industrial display market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Asia-Pacific panel mount industrial display market.
The major players covered in the report Advantech Co., Ltd., Pepperl+Fuchs SE, AUO Display Plus Corp. (A subsidiary of AU Optronics Corp.), Winmate Inc., Powerview Display Corp., Rockwell Automation, Inc., Schneider Electric, Siemens, EIZO Corporation, Axiomtek Co., Ltd., Quanzhou Neway Industrial Limited, WINSONIC ELECTRONICS CO., LTD. and New Vision Display (Shenzhen) Co, Ltd. among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of Asia-Pacific panel mount industrial display market.
For instance,
- In June 2020, Rockwell Automation, Inc. announced the launch of its VersaView 6300 family of Allen-Bradley industrial computers. The new product range included an extensive range of monitors, box PCs, panel PCs and remote connectivity products. The new products enabled the company to meet growing trends in IPC technology.
- In July 2020, Advantech Co., Ltd. joined hands with Interlatin, S. de R.L. de C.V. to set up a new subsidiary in Guadalajara and Mexico City. Mexico has signed free trade agreements with several countries and benefits from the U.S.-Mexico tariff preference that is encouraging the establishment of manufacturing centers. The increasing growth in setting up manufacturing centers has led to business opportunities for smart manufacturing, Industry 4.0 and digital transformation. Through the joint venture, Advantech Co., Ltd. will benefit from Interlatin’s local connections and resources and expand its business.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for panel mount industrial display.
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