Industrial Display Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 11.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Industrial Display Market Analysis
The industrial display market is expected to register a CAGR of 6.2% during the forecast period (2021 - 2026). Various factors such as the increasing demand for HMI devices, the rapid growth of LED-backlit technology and increasing demand for LCD-based display solutions, and the rapidly rising adoption of IIoT are expected to boost the market for industrial display forward.
- The market is primarily driven by the constant technological shift, the development of HD (high definition) displays with minimum bezels and touch screens. With the increased investments from major vendors across the globe towards the development of these displays for outdoor applications are also expected to provide a significant boost to the market.
- The display industry is also gaining importance on the account of innovative features offered by these displays, which include touch screen panels, automatic touch detector, Ethernet connectivity, radio frequency identification (RFID) and resistance to shock, high temperature, scratch, vibration, dust, and chemicals.
- The industrial displays also offer a huge investment opportunity to the players as these displays are an appropriate replacement for manual processes and the outdated push-button technology.
- However, the capital-intensive structure of the industrial display market could restrain the market growth making it difficult for players to exploit the opportunities in the cost-sensitive regional markets.
Industrial Display Market Trends
This section covers the major market trends shaping the Industrial Display Market according to our research experts:
Transportation Sector to Witness Significant Growth
- Industrial displays in the transportation sector which are primarily the part of infrastructure mainly assist customers to make necessary reservations and helps to find out the ticket price, get information about arrivals and departures, and also to receive updates on the current status of reservations.
- Also, in airports and stations, they enable wayfinding for travelers and are also used to advertise brands, permitting organizations to efficiently and quickly communicate to the customer requirements for traveling.
- The primary products for the transportation sector are the industrial digital signage, public information displays, and industrial kiosks for ticket printing and booking, among others. These displays are used in various transportation verticals such as trains, buses, and airports. They are also being used for system control, entertainment purpose, cockpit for navigation, and others.
- With the increasing usage of air travel across various regions, the demand for these displays is expected to witness further demand during the forecast period.
North America is Expected to Hold the Largest Share
- The North American region is expected to hold the largest market share during the forecast period primarily owing to the strong demand for display technologies and the rising demand for automation solutions from various end-user industries such as manufacturing, oil & gas among others.
- The region is also witnessing a rapidly rising demand for remote monitoring solutions, interactive display modules and, human-machine interfaces, mostly due to the rising adoption of IoT-based technologies in the industrial segment.
- Moreover, various major manufacturers of industrial displays, semiconductor components, monitors, and HMIs are based out of this region, making it an important region in the industrial display market.
- Also, the region is witnessing a rapid adoption of digital signage and video wall in various industries, which is further expected to open new business opportunities for the market players over the forecast period.
Industrial Display Industry Overview
The industrial display market is highly competitive owing to the presence of many large vendors in the market providing their products in the domestic as well as in the international markets. The market appears to be moderately fragmented with the key players adopting strategies like product innovation and mergers and acquisitions. Some of the major players areSamsung Electronics Co. Ltd.,LG Display Co. Ltd.,Panasonic Corporation,Schneider Electric SE among others.
- Oct 2019 -Samsung Electronics America announced the integration of Prismview, LLC sales and marketing teams into its display business, to further strengthenthe company’s display portfolio and salesforce.
- Feb 2019 -Emersonannounced that it has completed the purchase of Intelligent Platforms from General Electric. The addition of Intelligent Platforms programmable logic controller (PLC) technologies will enable the company to expand its capabilities in machine control and discrete applications.
Industrial Display Market Leaders
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Samsung Electronics Co. Ltd.
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LG Display Co. Ltd.
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Panasonic Corporation
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Schneider Electric SE
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Siemens AG
*Disclaimer: Major Players sorted in no particular order
Industrial Display Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Adoption of Industrial IoT
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4.2.2 Increasing Demand of HMI Devices
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4.3 Market Restraints
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4.3.1 High Cost of Implementation and Maintenance
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4.4 Industry Value Chain Analysis
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4.5 Industry Attractiveness - Porter's Five Force Analysis
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4.5.1 Threat of New Entrants
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4.5.2 Bargaining Power of Buyers/Consumers
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4.5.3 Bargaining Power of Suppliers
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4.5.4 Threat of Substitute Products
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4.5.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Rugged Displays
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5.1.2 Open Frame Monitors
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5.1.3 Panel Mount Monitors
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5.1.4 Marine Displays
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5.1.5 Other Types
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5.2 By Technology
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5.2.1 LCD
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5.2.2 LED
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5.3 By End User
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5.3.1 Manufacturing
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5.3.2 Energy & Power
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5.3.3 Oil & Gas
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5.3.4 Transportation
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5.3.5 Other End Users
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5.4 Geography
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5.4.1 North America
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5.4.1.1 United States
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5.4.1.2 Canada
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5.4.2 Europe
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5.4.2.1 United Kingdom
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5.4.2.2 Germany
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5.4.2.3 France
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5.4.2.4 Rest of Europe
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5.4.3 Asia-Pacific
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5.4.3.1 China
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5.4.3.2 Japan
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5.4.3.3 South Korea
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5.4.3.4 Rest of Asia-Pacific
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5.4.4 Rest of the World
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5.4.4.1 Latin America
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5.4.4.2 Middle-East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Samsung Electronics Co., Ltd.
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6.1.2 LG Display Co., Ltd.
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6.1.3 Panasonic Corporation
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6.1.4 Sharp Corporation
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6.1.5 Emerson Electric Co.
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6.1.6 Schneider Electric SE
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6.1.7 Siemens AG
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6.1.8 Rockwell Automation Inc.
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6.1.9 NEC Display Solutions
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6.1.10 Advantech Co., Ltd.
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- *List Not Exhaustive
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7. INVESTMENT ANALYSIS
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8. MARKET OPPORTUNITIES AND FUTURE TRENDS
Industrial Display Industry Segmentation
The industrial displays areLCD, LED displays, touch screen panels, outdoor displays, digital signage displays, and various industrial monitors. Vendors in this marketprovidea wide range ofdisplays in various sizes as per the end-users such as transportation, manufacturing, oil & gas among others.
| By Type | |
| Rugged Displays | |
| Open Frame Monitors | |
| Panel Mount Monitors | |
| Marine Displays | |
| Other Types |
| By Technology | |
| LCD | |
| LED |
| By End User | |
| Manufacturing | |
| Energy & Power | |
| Oil & Gas | |
| Transportation | |
| Other End Users |
| Geography | ||||||
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Industrial Display Market Research FAQs
What is the current Industrial Display Market size?
The Industrial Display Market is projected to register a CAGR of 11% during the forecast period (2024-2029)
Who are the key players in Industrial Display Market?
Samsung Electronics Co. Ltd., LG Display Co. Ltd., Panasonic Corporation, Schneider Electric SE and Siemens AG are the major companies operating in the Industrial Display Market.
Which is the fastest growing region in Industrial Display Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Industrial Display Market?
In 2024, the North America accounts for the largest market share in Industrial Display Market.
What years does this Industrial Display Market cover?
The report covers the Industrial Display Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Industrial Display Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Industrial Display Industry Report
Statistics for the 2024 Industrial Display market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Industrial Display analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
