Industrial Display Market (Updated Version Available)
Industrial Display Market Size, Share & Trends Analysis, By Display Type (LCD, LED, OLED and IPS) Product (Rugged, Scaler Board, Multi-touch (P-cap), Open Frame, Panel Mount, PoE Touch Monitor, USB Type-C, Rear Mount, Curved Monitor, Digital Signage Displays), Application (Human Machine Interface (HMI), Graphic/Signage, Industrial, Interactive Display (Kiosk), Imaging and Others), End Use (Manufacturing, Energy & Power, Automotive & Transportation, Oil & Gas, Metals & Mining and Others), By Region and Segment, Forecast Period 2022 - 2030
Report ID : RI_673728 | Date : February 2023 |
Format : 
Key Market Overview:
Industrial Display market size was worth over USD 5.23 Billion in 2022 and is anticipated to reach over USD 8.79 Billion by 2030, growing at a CAGR of 6.7% during the forecast period (2022-2030).
Industrial displays refer to screens and monitors used in various industrial applications for display and control purposes. They are designed to provide high-resolution and clear images, even in harsh and demanding environments, and have rugged construction to withstand shock, vibration, temperature changes, and other extreme conditions.
Such industrial displays are mainly adopted by manufacturers in terms of fast response to any issues and improving overall efficiency through real-time information on production processes and machine status. Such industrial displays are of great use in terms of alerts and warnings in terms of human-machine interface (HMI) which helps to prevent accidents and improve overall safety on the factory floor. Thus, in terms of improving efficiency, safety, communication, and productivity, industrial displays help manufacturers to increase their return on investment (ROI).
With the growing adoption of AIoT in manufacturing facilities, major industrial displays now offer multi-touch and gesture recognition capabilities that aid in improving convenience by reducing the need for physical buttons and controls. Thus, increased focus on sustainability by manufacturers resulted in production of energy-efficient industrial displays by market players. Such innovations significantly reduce the overall production costs and help to lower the environmental impact of industrial processes.
Industrial Display Market Report Coverage:
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Market Dynamics:
Driver:
Growing adoption of automation and digitalization in industries, especially in developing economies such as India, Brazil, and Mexico supports market growth. Further, the increased focus and importance on data visualization and analytics in various industrial processes also boosts the demand for industrial displays that provide real-time information and analysis. Such importance of real-time analysis is also fueled by the emergence of IoT Industry 4.0, which is mainly adopted by manufacturers to improve manufacturing operations. Moreover, the growing use of industrial displays for safety and security purposes such as surveillance, monitoring, and control systems also propels the growth of industrial display market statistics.
Restraint:
The high costs of industrial displays restrict the wide adoption, especially among medium-sized and small businesses. Moreover, existing competition from conventional display technologies such as CRT and plasma displays mainly restrains the growth of the industrial display market. Also, certain budget constraints by major manufacturers hamper the market demand.
COVID-19 Impact:
The global outbreak of COVID-19 significantly impacted the silicone coating market growth. Several restrictions were imposed by governments around the globe to limit the spread of the virus, especially among labor force. Further, the halted manufacturing processes in industries resulted in a sudden decline, especially in additives and polymers. Thus, the impact of the pandemic on market growth is expected to be at a moderate level. However, post-pandemic, the circumstances have started a positive shift toward business resumption. The demand for chemicals witnessed a sudden increase due to the growing consumption of consumer goods. Moreover, the increase in construction activities has also witnessed a sudden rise due to consumer preference, which increased demand for silicone-based paints.
Industrial Display Market Segmentation:
By Display Type
The display type is segmented into LCD, LED, OLED, and IPS. The LCD segment contributed the largest shares to the market growth in 2021. LCD industrial displays are adopted by major manufacturers due to the cost-effectiveness, energy efficiency, wide viewing angle, and easy compatibility in versatile settings of industrial environments. Also, such LCD industrial displays are easy to integrate into existing systems of manufacturing facilities as compared to others, which results in increased growth of the segment. Further, the LED segment is also anticipated to support market growth in terms of value and volume. The growing demand for bright and vivid colors and font of the metrics displayed on the screen is the major factor that supports the wide adoption of LED as industrial displays. Also, LED displays offer a long lifespan of the equipment along with an emphasis on high image quality which is expected to support the segment growth during the forecast period.
By Product
The product segment is categorized into rugged, scaler board, multi-touch (P-cap), open frame, panel mount, PoE touch monitor, USB type-C, rear mount, curved monitor, and digital signage displays. The open frame segment is anticipated to contribute the largest shares to the market growth in terms of value. Such open-frame industrial displays are mainly incorporated due to convenient management in terms of rack-mount equipment. Thus, such open-frame industrial displays are adopted as kiosks and keypads. Point-of-sale terminals and signage displays by major manufacturers. Further, the panel mount segment is also projected to contribute substantial shares during the forecast period. The segment growth is primarily due to the factor that such panel-mount displays are designed to withstand harsh industrial conditions.
By Application
The application segment is divided into human-machine interface (HMI), graphic/signage, industrial, interactive display (kiosk), imaging, and others. The human-machine interface (HMI) segment contributed the largest shares to the growth of the industrial displays market in 2021. Manufacturers across various industries have started to adopt HMI as manufacturing resources in terms of real-time tracking, m management, and monitoring of activities in manufacturing facilities. Industrial displays play a crucial role in displaying vital information about the production process such as equipment, production workers, materials, and others. Thus, the increased emphasis on the introduction of AI for data collection in terms of business optimizations boosts the adoption of industrial displays in terms of HMI.
By End Use
The end-user segment is divided into manufacturing, energy & power, automotive & transportation, oil & gas, metals & mining, and others. The manufacturing sector accounted for the largest industrial display market share over 34.6% in 2021. The factors such as monitoring and controlling production processes, providing visual data for workers on the factory floor and enhancing communication between workers and management support the adoption of industrial displays in the manufacturing industry. Further, the automotive industry is also projected to contribute substantial shares to the market growth in terms of value and volume. The segment growth is primarily driven by increased demand among original equipment manufacturers (OEMs) in terms of vehicle assembly line monitoring and control. Also, the growing emphasis by such automotive manufacturers in terms of providing operator interfaces for machinery and equipment, especially during chassis, transmission, and engine assembly supports the demand for industrial displays in the automotive sector.
By Region
The regional segment comprises Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. North America contributed the largest market share of over 30.2% in 2021. Growing adoption of technology advancements within manufacturing facilities, in terms of IIoT and HMI, supports the market demand in this region due to the emphasis on production efficiency by manufacturers.
Moreover, the strong presence of market players in North America and rising investments in terms of mergers and acquisitions by such conglomerates are also expected to support market growth. Further, Asia Pacific is also anticipated to witness the fastest CAGR growth during the forecast period in terms of volume. The established presence of the energy and power industry Asia Pacific region supports the demand for industrial displays in nuclear, hydro, thermal, and solar power plants. Also, rising investments by manufacturers in terms of technology advancements in production facilities propels the market growth in the Asia Pacific region.
Industrial Display Market Competitive Landscape:
The industrial display industry is highly competitive, with several leading manufacturers offering a range of products for various industrial applications such as medical, consumer electronics, automotive, and others. Market players compete on factors such as product quality, innovation, product pricing, and after-sales support. Further, increased investments by such industry players in research and development to improve display technologies and bring new products to the market also boosts market growth. Mentioned are market players currently operating in market circumstances–
• Litemax
• Elpro Technologies
• Kyocera
• Advantech
• LG
• Samsung
• Innolux
• AUO
• Distec GmbH
• Sharp
• BYD Co.
• Toshiba
• Tianma
• Planar Systems, Inc.
• NEC Display Solutions
• Beijing STONE Technology Co.
• Rockwell Automation
Recent Developments:
• In May 2021, Emerson has unveiled a new line of RXi industrial displays and panel PCs. The latest range of products is designed to streamline and improve production processes across various industries including life sciences, metals and mining, power and water, and manufacturing. Such products offer visualization and monitoring capabilities for enhanced efficiency.
• In September 2022, Rockwell Automation, a provider of industrial automation solutions, introduced the ASEM 6300M series of industrial monitors under its Allen-Bradley brand.
Industrial Display market size was worth over USD 5.23 Billion in 2022 and is anticipated to reach over USD 8.79 Billion by 2030, growing at a CAGR of 6.7% during the forecast period (2022-2030).
Industrial displays refer to screens and monitors used in various industrial applications for display and control purposes. They are designed to provide high-resolution and clear images, even in harsh and demanding environments, and have rugged construction to withstand shock, vibration, temperature changes, and other extreme conditions.
Such industrial displays are mainly adopted by manufacturers in terms of fast response to any issues and improving overall efficiency through real-time information on production processes and machine status. Such industrial displays are of great use in terms of alerts and warnings in terms of human-machine interface (HMI) which helps to prevent accidents and improve overall safety on the factory floor. Thus, in terms of improving efficiency, safety, communication, and productivity, industrial displays help manufacturers to increase their return on investment (ROI).
With the growing adoption of AIoT in manufacturing facilities, major industrial displays now offer multi-touch and gesture recognition capabilities that aid in improving convenience by reducing the need for physical buttons and controls. Thus, increased focus on sustainability by manufacturers resulted in production of energy-efficient industrial displays by market players. Such innovations significantly reduce the overall production costs and help to lower the environmental impact of industrial processes.
Industrial Display Market Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2016-2030 |
| Market Size in 2030 (USD Billion) | 8.79 Billion |
| CAGR (2022-2030) | 0.067 |
| Base Year | 2021 |
| By Product | Rugged, Scaler Board, Multi-Touch (P-Cap), Open Frame, Panel Mount, Poe Touch Monitor, USB Type-C, Rear Mount, Curved Monitor, Digital Signage Displays |
| By Application | Human Machine Interface (HMI), Graphic/Signage, Industrial, Interactive Display (Kiosk), Imaging, and Others |
| By End Use | Manufacturing, Energy & Power, Automotive & Transportation, Oil & Gas, Metals & Mining and Others |
| By Geography | |
| Key Players | Litemax, Elpro Technologies, Kyocera, Advantech, LG, Samsung, Innolux, AUO, Distec GmbH, Sharp, BYD Co., Toshiba, Tianma, Planar Systems, Inc., NEC Display Solutions, Beijing STONE Technology Co. |
Market Dynamics:
Driver:
Growing adoption of automation and digitalization in industries, especially in developing economies such as India, Brazil, and Mexico supports market growth. Further, the increased focus and importance on data visualization and analytics in various industrial processes also boosts the demand for industrial displays that provide real-time information and analysis. Such importance of real-time analysis is also fueled by the emergence of IoT Industry 4.0, which is mainly adopted by manufacturers to improve manufacturing operations. Moreover, the growing use of industrial displays for safety and security purposes such as surveillance, monitoring, and control systems also propels the growth of industrial display market statistics.
Restraint:
The high costs of industrial displays restrict the wide adoption, especially among medium-sized and small businesses. Moreover, existing competition from conventional display technologies such as CRT and plasma displays mainly restrains the growth of the industrial display market. Also, certain budget constraints by major manufacturers hamper the market demand.
COVID-19 Impact:
The global outbreak of COVID-19 significantly impacted the silicone coating market growth. Several restrictions were imposed by governments around the globe to limit the spread of the virus, especially among labor force. Further, the halted manufacturing processes in industries resulted in a sudden decline, especially in additives and polymers. Thus, the impact of the pandemic on market growth is expected to be at a moderate level. However, post-pandemic, the circumstances have started a positive shift toward business resumption. The demand for chemicals witnessed a sudden increase due to the growing consumption of consumer goods. Moreover, the increase in construction activities has also witnessed a sudden rise due to consumer preference, which increased demand for silicone-based paints.
Industrial Display Market Segmentation:
By Display Type
The display type is segmented into LCD, LED, OLED, and IPS. The LCD segment contributed the largest shares to the market growth in 2021. LCD industrial displays are adopted by major manufacturers due to the cost-effectiveness, energy efficiency, wide viewing angle, and easy compatibility in versatile settings of industrial environments. Also, such LCD industrial displays are easy to integrate into existing systems of manufacturing facilities as compared to others, which results in increased growth of the segment. Further, the LED segment is also anticipated to support market growth in terms of value and volume. The growing demand for bright and vivid colors and font of the metrics displayed on the screen is the major factor that supports the wide adoption of LED as industrial displays. Also, LED displays offer a long lifespan of the equipment along with an emphasis on high image quality which is expected to support the segment growth during the forecast period.
By Product
The product segment is categorized into rugged, scaler board, multi-touch (P-cap), open frame, panel mount, PoE touch monitor, USB type-C, rear mount, curved monitor, and digital signage displays. The open frame segment is anticipated to contribute the largest shares to the market growth in terms of value. Such open-frame industrial displays are mainly incorporated due to convenient management in terms of rack-mount equipment. Thus, such open-frame industrial displays are adopted as kiosks and keypads. Point-of-sale terminals and signage displays by major manufacturers. Further, the panel mount segment is also projected to contribute substantial shares during the forecast period. The segment growth is primarily due to the factor that such panel-mount displays are designed to withstand harsh industrial conditions.
By Application
The application segment is divided into human-machine interface (HMI), graphic/signage, industrial, interactive display (kiosk), imaging, and others. The human-machine interface (HMI) segment contributed the largest shares to the growth of the industrial displays market in 2021. Manufacturers across various industries have started to adopt HMI as manufacturing resources in terms of real-time tracking, m management, and monitoring of activities in manufacturing facilities. Industrial displays play a crucial role in displaying vital information about the production process such as equipment, production workers, materials, and others. Thus, the increased emphasis on the introduction of AI for data collection in terms of business optimizations boosts the adoption of industrial displays in terms of HMI.
By End Use
The end-user segment is divided into manufacturing, energy & power, automotive & transportation, oil & gas, metals & mining, and others. The manufacturing sector accounted for the largest industrial display market share over 34.6% in 2021. The factors such as monitoring and controlling production processes, providing visual data for workers on the factory floor and enhancing communication between workers and management support the adoption of industrial displays in the manufacturing industry. Further, the automotive industry is also projected to contribute substantial shares to the market growth in terms of value and volume. The segment growth is primarily driven by increased demand among original equipment manufacturers (OEMs) in terms of vehicle assembly line monitoring and control. Also, the growing emphasis by such automotive manufacturers in terms of providing operator interfaces for machinery and equipment, especially during chassis, transmission, and engine assembly supports the demand for industrial displays in the automotive sector.
By Region
The regional segment comprises Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. North America contributed the largest market share of over 30.2% in 2021. Growing adoption of technology advancements within manufacturing facilities, in terms of IIoT and HMI, supports the market demand in this region due to the emphasis on production efficiency by manufacturers.
Moreover, the strong presence of market players in North America and rising investments in terms of mergers and acquisitions by such conglomerates are also expected to support market growth. Further, Asia Pacific is also anticipated to witness the fastest CAGR growth during the forecast period in terms of volume. The established presence of the energy and power industry Asia Pacific region supports the demand for industrial displays in nuclear, hydro, thermal, and solar power plants. Also, rising investments by manufacturers in terms of technology advancements in production facilities propels the market growth in the Asia Pacific region.
Industrial Display Market Competitive Landscape:
The industrial display industry is highly competitive, with several leading manufacturers offering a range of products for various industrial applications such as medical, consumer electronics, automotive, and others. Market players compete on factors such as product quality, innovation, product pricing, and after-sales support. Further, increased investments by such industry players in research and development to improve display technologies and bring new products to the market also boosts market growth. Mentioned are market players currently operating in market circumstances–
• Litemax
• Elpro Technologies
• Kyocera
• Advantech
• LG
• Samsung
• Innolux
• AUO
• Distec GmbH
• Sharp
• BYD Co.
• Toshiba
• Tianma
• Planar Systems, Inc.
• NEC Display Solutions
• Beijing STONE Technology Co.
• Rockwell Automation
Recent Developments:
• In May 2021, Emerson has unveiled a new line of RXi industrial displays and panel PCs. The latest range of products is designed to streamline and improve production processes across various industries including life sciences, metals and mining, power and water, and manufacturing. Such products offer visualization and monitoring capabilities for enhanced efficiency.
• In September 2022, Rockwell Automation, a provider of industrial automation solutions, introduced the ASEM 6300M series of industrial monitors under its Allen-Bradley brand.
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| Multi user | : $5460 |
| Corporate user | : $7460 |
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