According to an analysis by Future Market Insights (FMI), sales of large industrial displays will reach 110,000 units by 2031. It is anticipated that overall sales will increase steadily between 2021 and 2031 at a rate of 6.0 percent.
Through the assessment period, the market for large industrial displays in North America will expand at a CAGR of about 5.8%. According to the findings of FMI, increasing application in the automotive and military sectors will ensure strong growth in the region.
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Despite challenges brought on by the COVID-19 outbreak, the market for large industrial displays grew impressively by 3.0 percent between 2020 and 2021. The market valuation is anticipated to surpass US$ 2,657.8 Mn in 2021, according to data from FMI.
Surging demand for tracking the manufacturing process and reducing the supervisor workforce has been spectated in a multitude of industries. However, emerging technologies such as screen-less displays and projectors are likely to represent a threat to the steady growth of the large industrial displays market.
Screen-less certainly stands as the strongest threat to large industrial displays. Technological innovations are flooding the screen-less display mechanism, and FMI analyses that its portability, energy & space efficiency, and convenience will be instrumental in creating a solid market value”.
OLED Over LED – The Shift Is Underway
Future Market Insights’ study finds that the large industrial displays market is likely to grow at a CAGR of approximately 6% through 2031. One of the key growth drivers is the loosening of budget strings of manufacturers for the development of organic light emitting diode (OLED) displays, which matches consumers’ demand for lighter, thinner, and flexible displays.
As innovation spawns in the landscape, curved OLED and transparent displays surface are likely to penetrate even cost-sensitive markets. However, during the course of the forecast period, LED-based large industrial display sales will continue to account for a major share of manufacturers’ bottom-lines.
Opportunities galore for large industrial displays as identified by FMI’s report with the emerging applications of flexible displays at commercial spaces, sports events, and governmental institutions for facilitating effective communication in ‘high resolution’.
As ‘interactivity’ remains at the forefront to attract the attention of target audience, digital signage technology has been increasingly incorporated for the display of crucial information in public spaces, corporate buildings, transportation systems, retail stores, and restaurants.
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Market Structure Analysis for Large Industrial Displays
- The large industrial displays market is an average-fragmented market with global and regional market players.
- Some prominent companies in the large industrial displays market are Advantech Co., Ltd., Leyard, NEC Display Solutions, Ltd., Delta Electronics, Inc., Daktronics, Data Modul, DFI, Inc., Winmate Inc., Sparton Corporation, Electro-Matic Products, Inc., IP Displays, and others.
- The strategic focus of key players is to uphold the expansion of agreements and distribution partnerships for the global market growth.
- Top manufacturers contributing a high revenue share to the large industrial displays market are Advantech Co., Ltd., Leyard, NEC Display Solutions, Ltd., and Delta Electronics, Inc.
Top Factors Shaping the Large Industrial Displays Market
Launch Of Digital Signage and New Products Propelling The Large Industrial Displays Market Growth
Significant market players such as Advantech Co., Ltd., Leyard, NEC Display Solutions, Ltd., and Delta Electronics, Inc., are concentrating more on the growth of large industrial displays product portfolios through launching new products and distribution agreements. For example-
- In 2015, Leyard acquired all the common stocks of Planar System, Inc., a specialist in the production and development of large industrial displays.
- In 2018, NEC Display Solutions acquired S[quadrat] GmbH, a prominent provider of LED solutions. The company is expanding its display technology portfolio to include LED systems for indoor and outdoor solutions.
Some of the prominent players operating in the Large Industrial Displays Market profiled by FMI are:
- Advantech Co., Ltd.,
- Leyard,
- NEC Display Solutions, Ltd., and
- Delta Electronics, Inc
More Insights on the Global Large Industrial Displays Market Outlook
FMI provides an unbiased analysis of the Large Industrial Displays Market, presenting historical demand data (2021-2031) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for the Large Industrial Displays market with a detailed segmentation on the basis of:
By Product Type:
- Open Frame Displays
- Panel Mount Displays
- Industrial Monitors
- Video Walls
By Technology:
- LCD
- LED
- OLED
By Size:
- Open Frame Display, Panel Mount Displays and Industrial Monitors
- 20”-40”
- Above 40”
- Video Walls
- Less than 6 screens
- Above 6 screens
End-use Industry:
- Discrete Manufacturing
- Automotive and Transportation
- General Manufacturing
- Electronics & Electricals
- Process Manufacturing
- Chemicals & Pharmaceutical
- Food & Beverage
- Oil & Gas
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.
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