Global Open Frame Industrial Display Market – Industry Trends and Forecast to 2029

Open Frame Industrial Display Market Analysis and Size

Open frame industrial display technologies have undergone impressive changes and developments over the last few years. Attributing to next-generation and advanced features such as large mm pixel pitches, infinity scalability and sensible touch solutions. Open frame industrial displays are gaining more popularity and applications in industries. In the ongoing era of digital technology, Open frame industrial find extensive adoption in several industries. These factors are creating beneficial opportunities for open frame industrial display manufacturers all over the globe during the forecast period.

Data Bridge Market Research analyses that the open frame industrial display market was valued at USD 7903.20 million in 2021 and is expected to reach USD 13,681.03 million by 2029, registering a CAGR of 7.10% during the forecast period of 2022 to 2029. 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.

Open Frame Industrial Display Market Scope and Segmentation

Market Definition

An open frame industrial display is a display device placed in a bare metal enclosure and does not usually include a bezel. It is instead normally supplied with an outer metal flange for mounting.

Global Open Frame Industrial Display Market Dynamics

Drivers

• Rise in penetration towards internet of things

Increasing penetration of consumers towards internet connectivity with the growing demand for on-the move information further influence the growth of the open frame industrial display market globally.

• Rising demand of open frame industrial display due to unique properties

 Open frame Industrial displays with improved performance delivering higher flexibility and accuracy with easy integration into systems. This is the major factor expected to drive the growth in the open frame industrial displays market during the forecast period.

• Rising demand for flexible display

Flexible displays have witnessed tremendous growth over the past few years; whereas the primary technology included unbreakable open frame industrial displays, These are compact in size and consume less power which prolonging battery life. They include flexible FED, LED, OLED, and other displays. The rising demand form flexible video wall display increase the growth of the open frame industrial display market.

Furthermore, technological progression for high specification display devices, increasing demand for HMI devices, rising adoption of LED, LCD and OLED displays, increasing adoption of internet of things are some of the major factors which are expected to drive the growth of the open frame industrial display market during the forecast period of 2022-2029. 

Opportunities

• Increase in demand from consumer electronics 

Developments in nanotechnology and optoelectronics have transformed the video wall display technology. Environmental worries have increased consumers' tremendous interest in energy-efficient products. With spending less vitality the video walls industrial display is giving different features, for instance, high resolution, better presentation quality and improved backdrop illumination are given by cutting edge show advancements. 

Moreover, increasing R&D activities in the open frame industrial displays market to reduce costs and improve the functionality, rapid development in AI computing capabilities with improving commercials are some major factors which are expected to create profitable opportunities for the market's growth rate.

Restraints/ Challenges

• High cost

The expensive cost of the raw materials which is utilized for the manufacturing of this display, more high-priced articles as associated with other display technologies and Upraised research and development expenses are projected to limit the demand of this display and obstruct the growth of this market during forecast period of 2022-2029.

Furthermore, designing equipment for outdoor applications in all weather conditions will also be a challenge to the growth of the open frame industrial display market.

This open frame 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 open frame 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 Open Frame Industrial Display Market

The outbreak of covid-19 has been considerably hampered the open frame industrial display market. New projects all over the globe have slowed down, which substantially affected the demand for open frame industrial display. Factories across the globe have struggled to assemble and manufacture new devices. Also, several warehouses cannot be transported marine industrial display due to stringent rules and regulations, disrupting the global manufacturing and supply chains during the pandemic. The impact of COVID-19 on this market is temporary as just the supply chain and production is stalled. Once the condition becomes normal, the supply chains, demand and production for these products are progressively 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.

Global Open Frame Industrial Display Market Scope

The open frame industrial display market is segmented on the basis of technology, panel size, applications and verticals. 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.

Technology

• LCD
• LED
• OLED
• E-Paper Display

 Panel Size

• Up to 14"
• 14–21"
• 21 –40"
• 40" and above

Applications

• HMI
• Remote Monitoring
• Interactive Display (Kiosk)
• Digital Signage
• Imaging

 Verticals

• Manufacturing
• Energy & Power
• Chemicals
• Oil & Gas
• Metals & Mining
• Transportation
• Others

Open Frame Industrial Display Market Regional Analysis/Insights

The open frame industrial display market is analysed and market size insights and trends are provided by country, technology, panel size, applications and verticals as referenced above.

The countries covered in the open frame 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 due to the growing adoption of HMIs and digital signage along with increasing investment in multi feature HMI device and internet of things technology in this region.

Asia-Pacific is expected to be the fastest developing region during the forecast period of 2022-2029 due to the power generation sector as well as development of the manufacturing sector 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 Open Frame Industrial Display Market Share Analysis

The open frame 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 open frame industrial display market.

Some of the major players operating in the open frame 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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