The global industrial display market size is forecast to increase from US$ 6.1 billion in 2022 to US$ 9.9 billion by 2032. Overall sales of industrial displays will increase at a CAGR of 4.9% from 2022 to 2032.
Demand is likely to remain high for industrial LCDs in the market. This is due to their various benefits including less power consumption. The LCD technology segment will register a CAGR of 4.7% through 2032.
The rising adoption of industrial displays in the manufacturing sector globally will drive the market. Similarly, new product launches will have a positive impact on market development.
An electronic display called an industrial display is one made specifically for use in industrial settings. Extreme temperatures, humidity, dust, and vibrations are a few of the challenging conditions that these displays are able to withstand.
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Industrial displays are frequently used in manufacturing facilities, distribution centers, and other industrial settings to show visual feedback on the status of equipment, systems, and processes.
Industrial displays can be used for monitoring and managing processes, showing production data, and giving technicians and operators up-to-date information. Widening applications of industrial displays across industries such as automotive, BFSI, healthcare, and defense will boost sales.
High adoption of automation is another key factor that will propel industrial display demand. Industrial displays are essential for enabling automation because they offer real-time data & control.
Further, burgeoning demand for human-machine interface devices will support expansion of the global industrial display market.
Key Takeaways from the Industrial Display Market Report:
- Global industrial display sales will increase at 4.9% CAGR during the forecast period.
- By type, panel-mount monitors segment will expand at 4.8% CAGR through 2032.
- Based on technology, LCD segment is set to thrive at 4.7% CAGR between 2022 and 2032.
- The United States industrial display market will cross US$ 2.9 billion mark by 2032.
- Industrial display demand in Japan is poised to surge at 4.4% CAGR through 2032.
- The United Kingdom industrial display market size will reach US$ 496.3 million by 2032.
- Demand for industrial displays across China is set to thrive at 5.9% CAGR through 2032.
Leading Key Players:
- LG Display Co., Ltd.
- Samsung Electronics Co., Ltd.
- AU Optronics Corp.
- Innolux Corp.
- Japan Display Inc.
- Sharp Corp.
- BOE Technology Group Co.
- Hannstar Display Corp.
- TCL Display Technology Holdings Limited
- Universal Display Corp.
- E Ink Holdings Inc.
- Panasonic Corp, Planar Systems
- NEC, Advanced Co.Ltd
- Hope Industrial System Inc.
- Advantech
- iTG
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Industrial Display Market Segmentation:
By Type:
- Rugged Displays
- Open Frame Monitors
- Panel-Mount Monitors
- Marine Displays
- Video Walls
By Technology:
- LCD
- LED
- OLED
- E-Paper Display
By End User:
- Automotive and Aerospace
- Healthcare
- Transportation
- Retail
- BFSI
- Government and Defence
- Industrial
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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