The surge in industrial automation spanning diverse sectors stands as a pivotal catalyst propelling the substantial growth of the Large Industrial Displays Market throughout the projected timeframe. These expansive displays play a pivotal role in the visualization and monitoring of intricate data, intricate process controls, and up-to-the-minute production information, further accentuating their indispensability.
The global large industrial displays market size is likely to be valued at US$ 2.8 billion in 2023. The increasing application in the various end-use industries is driving market growth. The market is estimated to garner US$ 5.2 billion in 2033, recording a CAGR of 6.4% from 2023 to 2033
The increasing use of industrial automation across various sectors is a major driver for the large industrial display market during the forecast period. The large displays visualize and monitor complex data, process controls, and real-time production information.
Increasing digitalization in various end-use industries, such as pharmaceuticals, where product count is crucial, leverage these displays to ensure standard packaging of tablets and medicines. Increasing innovation, and advancements in display technologies have positively impacted the large industrial displays market.
Increased application of digital signage, the lightweight OLEDs are also marking a flourishing trend in the large industrial displays market. Spectacular growth in the adoption of IoT is also favoring the growth of the large industrial displays market.
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Increasing growth in manufacturing capabilities of numerous industries in countries like the United States and Canada, and increased automation and advancement in the landscape drive the demand for large industrial displays. Increasing demand for automation and IoT is likely to influence sales of large industrial displays in East Asia
Key Takeaways from the Market Study
- From 2018 to 2022, the large industrial displays market demand expanded at a CAGR of 5.6%
- Based on technology, the LED segment accounts for a CAGR of 1%
- By product type, the video walls segment is expected to expand at a CAGR of 6.2% during the forecast period
- North America to emerge as a promising large industrial displays market, capturing a CAGR of 6.2%
- The large industrial displays industry in the United Kingdom is predicted to reach US$ 4.2billion by 2033
- Asia Pacific to be an opportunistic large industrial displays market, expected to capture a CAGR of 6.3% during the forecast period.
- South Korea’s large industrial displays are predicted to achieve a market revenue of US$ 5.8 billion by 2033
Competitive Landscape
The global large industrial displays market is fragmented with the presence of several large and medium-scale players. The leading players in the market are investing in strategic agreements in order to capture market share.
Prominent players in the large industrial displays market are:
- LG Display Co., Ltd.
- Advantech Co., Ltd.
- Pepperl+Fuchs GmbH
- WinMate, Inc.
- Planar Systems, Inc.
- Maple Systems, INC.
- Sharp NEC Display Solutions, Ltd.
- Innolux Corporation
- Japan Display, Inc.
- Siemens AG
Some key developments of the leading companies in this market are:
- JDI is a Japanese display manufacturer that specializes in the development and production of various display technologies, including those for industrial applications.
- WinMate provides large industrial displays in various sizes and configurations to cater to different customer requirements. Their displays come in sizes ranging from 10 inches to over 55 inches, offering flexibility for various industrial applications.
- Innolux has been investing in Mini LED technology, which offers improved contrast, brightness, and color accuracy compared to traditional LCDs. They have developed Mini LED backlighting solutions for large displays, including those for industrial applications. This technology enables better visual performance and enhanced picture quality.
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Know More about What the Large Industrial Displays Market Report Covers
Future Market Insights offers an unbiased analysis of the global large industrial displays market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the large industrial displays market, the market is segmented based on technology, size, and product type across five major regions.
Key Segments Covered:
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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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of 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 on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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