Global 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 (U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe, China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Panel Mount Industrial Display Market
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 8.80% in the forecast period of 2021 to 2028 and expected to reach USD 2,874.55 million by 2028.
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.
However, 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, geographical 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.
Global Panel Mount Industrial Display Market Scope and Market Size
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, global panel mount industrial display market has been segmented into LED, Liquid Crystal Display (LCD), OLED. In 2021, LCD segment dominates because it is the oldest technology and reliable technology used in panel mount industrial displays.
- On the basis of panel size, global 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 many manufacturers are manufacturing this size displays which has high visibility which also consumes less mounting space in the industries.
- On the basis of resolution, global panel mount industrial display market has been segmented into 4K, HD, others. In 2021, HD segment dominates because of less manufacturing cost and the picture quality in industry provided by the HD is high.
- On the basis of touch availability, global panel mount industrial display market has been segmented into touch, non touch. In 2021, touch segment dominates because of high manufacturing and high demand as it is portable to uses and can be operated with gloves.
- On the basis of application, global 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 because HMI technology is most commonly used technology for displaying information and industries require HMI technology for operating machines.
- On the basis of end user, global 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 because the panel mount industrial display are majorly used in manufacturing industries for human interface applications.
Global Panel Mount Industrial Display Market Country Level Analysis
Global 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 panel mount industrial display market report are U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe, China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America.
The China accounted for maximum share in the panel mount industrial display market, due to presence of large display manufacturing companies and strict rules and regulations regarding panel mount industrial display. The U.S. accounts for second largest market as it has usage and usage of display monitors in industries. Germany witnessed the highest growth for LCD segment as the region has high number of manufacturing industries that make use of LCD displays in industrial PCs, monitors and other industrial equipment.
The country section of the panel mount industrial display market 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 analysis 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
Panel mount industrial display market also provides you with detailed market analysis for every country growth in installed base of different kind of products, impact of technology using life line curves and changes regulatory scenarios and their impact on the panel mount industrial display market. The data is available for historic year 2011-2019.
Competitive Landscape and Panel Mount Industrial Display Market Share Analysis
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, clinical trials pipelines, brand analysis, 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 panel mount industrial display market.
Some of the major players operating in the panel mount industrial display market are Advantech Co. Ltd., American Industrial Systems, Inc. (a subsidiary of Ennconn), Siemens, Pepperl + Fuchs, Hope Industrial Systems, Inc. , TRU-Vu Monitors, Inc., AUO Display Plus Corp. (a subsidiary of AU Optronics Corp.), Winmate Inc., INDUCOMP Corporation, Powerview Display Corp., Rockwell Automation, Inc., Nemacom Ltd., Schneider Electric, New Vision Display (Shenzhen) Co., Ltd. (a subsidiary of Tiajin Jingwei Huikai Optoelectronic CO., Ltd.), EIZO Corporation, Axiomtek Co. Ltd., Quanzhou Neway Industrial Limited, WINSONIC ELECTRONICS CO., LTD., Datasound Laboratories and among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In June 2020, Schneider Electric announced the launch of its new human machine interface software product. The new product is designed to meet the needs of end users, original equipment manufacturers and machine and system builders. The new product helped in making machine information more accessible to operators and managers. The new product increased the customer base of the company.
- 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 market through expanded product range.
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