Global Industrial Display Market, By 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 & Power, Military & Avionics, Oil & Gas, Metals & Mining, Transportation, Others) – Industry Trends and Forecast to 2030.
Industrial Display Market Analysis and Size
Industrial display technologies have experienced remarkable changes and growth in last few years. Contributed to the growth in the advanced and next-generation features such as large mm pixel pitches, sensible touch and infinity scalability solutions. The “OLED’ is expected to be the fastest-growing technology segment during the forecast period due to its unique properties such as high brightness, low power consumption, and a higher contrast ratio of OLED displays. In the ongoing era of digital technology, these display find wide adoption in advertising all over the globe during the forecast period.
Data Bridge Market Research analyses that the industrial display market was 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. 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.
Industrial Display Market Scope and 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 & Power, Military & Avionics, Oil & Gas, Metals & 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.)
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Market Opportunities
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Market Definition
An industrial display is a collection of machines which is mainly used for displaying digital output. These machines involve different types of TFT-display screens, digital signage, monitors and similar equipment. Industrial displays are designed for augmented durability and to withstand in harsh environment situations such as moisture, dust, dirt, extreme temperatures and others in industrial applications.
Industrial Display Market Dynamics
Drivers
- Increasing focus towards growth and expansion
The major market players are mostly shifting their focus towards innovative and new industrial display products in the market and developing their production capacities and features such as improved contrast ratio, high resolution, readability, wide temperature range, rugged, durability, higher display brightness, environmental stability and low power consumption. These industrial display products are manufactured in such a way that would aid with the compliance of stringent guidelines.
- Rise in penetration towards internet of things
Increasing penetration towards internet connectivity among consumers with the developing demand for on-the-move information further influence market growth globally. The technological revolution expected to incorporate the internet's reach and the ability to directly handle factory infrastructure, operations, and machinery throughout the globe. The need for HMI devices has augmented owing to the rapid growth of IoT applications, which is anticipated to fuel the Industrial Display market growth.
Opportunities
- Increasing regulations regarding manufacturing and selling of industrial displays
Regulations regarding manufacturing and retailing of industrial displays differ at country or regional levels. For instance, the European Union Law on the limitation of usage of Hazardous Substances (RoHS) during manufacturing of industrial displays. This law restricted the use of lead, mercury, cadmium and hexavalent chromium & flame retardants, for instance Polybrominated Biphenyls (PBB) or Polybrominated Diphenyl Ethers (PBDE) in electronic equipment.
- Surging new product launches
The surging product launches by major market players further provide lucrative growth opportunities in the market. For instance, Orlando International Airport has installed 700 video wall displays that provide updated flight information. These video display have also provided cinematic video content at the automated people mover (APM) Grand Hall. This aided to deliver relevant visual content to the passengers.
Restraints/ Challenges
- High cost associated with industrial displays
The high price of the raw materials mainly used for industrial display production is projected to limit the demand of these displays and hinder market growth. Moreover, high investments are required to install industrial displays that might hamper the market's growth during the forecast period of 2023-2030.
This industrial display market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the industrial display market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Industrial Display Market
The outbreak of covid-19 has been substantially hindered the industrial display market growth. New projects have slowed down all over the globe, which have extensively affected the demand of industrial display. Factories have struggled to assemble and manufacture new devices across the globe during this pandemic. Moreover, several warehouses cannot be transported industrial display owing to stringent rules which has disrupted the manufacturing and supply units during the pandemic. The impact of COVID-19 is temporary on this market as just the supply chain and production is stalled. Once the situation becomes normal, the demand, production and supply chains for these products are gradually going to increase.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2022, Winmate introduced the M140TG 14-inch, a very rugged tablet developed to deliver field customer mobility and connectivity. This new Rugged Extreme tablet provides advanced processors and numerous connectivity choices in compact devices. Moreover, M140TG is designed to integrate functionality, ruggedness, mobile workforces, and mobility to form a dependable yet adaptable tablet that matches various situations and threats.
- In 2022: Samsung has introduced Smart Monitor M8 which is a 32-inch display. This new Monitor M8 produces a display that fits the design preference and matured lifestyle of Gen Z because they normally look for a one-stop solution to work, learn, and play. Moreover, the smart monitor would be available in spring green and sunset pink colors.
Global Industrial Display Market Scope
The industrial display market is segmented on the basis of type, panel size, technology, communication type, application and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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
- 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 & Power
- Military & Avionics
- Oil & Gas
- Metals & Mining
- Transportation
- Others
Industrial Display Market Regional Analysis/Insights
The industrial display market is analyzed and market size insights and trends are provided by country, type, panel size, technology, communication type, application and vertical as referenced above.
The countries covered in the industrial display market report 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.
North America dominates the marine industrial display market in terms of revenue and market share. This is mainly due to the increasing adoption of digital signage and HMIs along with growing investment in internet of things technology and multi feature HMI device in this region.
Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023 to 2030 owing to the growing power generation sector and development of the manufacturing industry in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Industrial display Market Share Analysis
The 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, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to industrial display market.
Some of the major players operating in the 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.)
- 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.)
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