Industrial Display Market
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How Large Will the Industrial Display Market Size By 2025?
The size of the industrial display market has been consistently escalating over the past few years. It is set to increase from $5.63 billion in 2024 to $5.9 billion by 2025, with a compound annual growth rate (CAGR) of 4.7%. Factors contributing to this growth in the historic period include industrial automation, a surge in manufacturing demand, governmental initiatives, the globalization of industries, a heightened emphasis on user interface (UI) design, cost reduction, and enhanced affordability.
How Big Is the Industrial Display Market Size Expected to Grow by 2029?
Expectations are high for the industrial display market to experience substantial growth in the upcoming years, predicting its value to reach $7.61 billion in 2029 with a compound annual growth rate (CAGR) of 6.6%. Factors contributing to this predicted growth throughout the forecast period include a heightened focus on augmented reality (AR) and virtual reality (VR), prioritization of energy efficiency and sustainability, concerns surrounding cybersecurity, and the adoption of customizable and modular display solutions. Emerging markets are also rapidly growing, compounding the overall expansion. Key trends to look out for in the forecast period are integration with industry 4.0, a rising demand for high-resolution displays, growing utilization of touchscreen technology, and a movement towards resilient and long-lasting designs, and increasing preference of led backlit displays.
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Which Key Market Drivers Powering Industrial Display Market Expansion and Growth?
The uptick in the utilization of devices supported by the internet of things (IoT) is set to drive the expansion of the industrial display market. The IoT represents a system of interconnected computing devices hooked up via networks, each with unique identifiers (UIDs), enabling the sharing of information without human-to-human or human-to-computer interaction. Owing to their nature, IoT devices generate and accumulate vast amounts of data that necessitate real-time visualization and analysis, and this is where industrial displays come in. Furthermore, these devices call for displays that can withstand harsh conditions while maintaining reliability and high visibility. Ericsson, a networking and telecommunications company based in Sweden, reported in November 2022 that the year saw 13.2 billion active IoT device connections. The report forecasts this figure to spike to 34.7 billion by 2028, growing at an annual rate of 18%. Consequently, the burgeoning utilization of IoT-supported devices is fueling the growth of the industrial display market.
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Which Emerging Trends Are Transforming the Industrial Display Market in 2025?
A significant trend emerging within the industrial display market is the prominence of product innovations. In order to fortify their market standing, many key companies in this industry are turning their strategies towards the creation of ingenious solutions. A prominent example is Advantech Co. Ltd, a Taiwan-origin firm known for its embedded and automation products. In March 2022, they introduced the PPC-115W and PPC-112W RISC-based android panel PCs, designed for enhancing industrial digitization. These devices feature a 15.6″ (HD or FHD) and 11.6″ panel display correspondingly, paired with P-CAP control offering multi-touch functionality and CPU variants of dual-core ARM Cortex-A72 and quad-core Cortex-A5. Notably, they are equipped with an Android 10 operating system plus integrated WISE-IoTSuite/AppHub for remote management, which adds to their uniqueness.
What Are the Emerging Segments in the Industrial Display Market?
The industrial display market covered in this report is segmented –
1) By Type: Rugged Displays, Open-Frame Monitors, Panel-Mount Monitors, Marine Displays, Video Walls
2) By Technology: Liquid Crystal Display(LCD), Light-Emitting Diode(LED), Organic Light-Emitting Diode(OLED), E-paper
3) By Panel Size: Up To 14″, 14-21″, 21-40″, 40″ And above
4) By Application: Human-Machine Interface (HMI), Remote Monitoring, Interactive Display, Digital Signage, Imaging
5) By End-User: Manufacturing, Mining And Metals, Oil And Gas, Energy And Power, Transportation
Subsegments:
1) By Rugged Displays: Outdoor Rugged Displays, Indoor Rugged Displays, Portable Rugged Displays
2) By Open-Frame Monitors: Standard Open-Frame Monitors, Touchscreen Open-Frame Monitors, Custom Open-Frame Monitors
3) By Panel-Mount Monitors: Standard Panel-Mount Monitors, Touchscreen Panel-Mount Monitors, Custom Panel-Mount Monitors
4) By Marine Displays: LCD Marine Displays, LED Marine Displays, Multi-Function Displays
5) By Video Walls: LCD Video Walls, LED Video Walls, Projection Video Walls
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Who Are the Global Leaders in the Industrial Display Market?
Major companies operating in the industrial display market include LG Display Co. Ltd., Samsung Display Co. Ltd., Advantech Co. Ltd., Planar Systems Inc., Japan Display Inc., Innolux Corp., Siemens AG, Panasonic Corporation Co. Ltd., Pepperl+Fuchs SE, WinMate Inc., NEC Display Solutions Ltd., Maple Systems Inc., BOE Technology Group Co. Ltd., AU Optronics Corp., Hannstar Display Corp., TCL Display Technology Holdings Limited, Schneider Electric SE, Sharp Corporation, Emerson Electric Co., Rockwell Automation Inc., Prysm Inc., SigmaSense, Barco NV, ViewSonic Corporation, Sahara Presentation Systems PLC, Delta Electronics Inc., Corning Incorporated, DuPont de Nemours Inc., E Ink Holdings Inc.
Which are the Top Profitable Regional Markets for the Industrial Display Industry?
North America was the largest region in the industrial display market in 2024. Asia-Pacific is expected to be the fastest-growing region in the industrial display market report during the forecast period. The regions covered in the industrial display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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