Press release
Industrial LCD Modules Market is Set to Experience Revolutionary Growth by 2018 to 2028
The availability of new technologies and a wide range of industrial LCD modules for advanced imaging and colour reproduction technologies is generating high demand for industrial LCD modules. In addition, the growing traction of digital videos is expected to rapidly boost the market during the forecast period. Furthermore, the global industrial LCD modules market is expected to witness growth owing to large-scale development in industrial infrastructure in various countries such as the U.S., Germany, India, China and Japan.
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Global Industrial LCD modules Market: Drivers and Challenges
Drivers
Increase in the digitization trend in various industries is a primary factor driving the industrial LCD modules market. In addition, continuous improvements in the cost and performance, which are driven by technological advancements, are driving the market. Moreover, growing demand for the industrial equipment market for intuitive touch interfaces, such as those on smartphones and tablets, is also one of the major factors fuelling the growth of the market. Furthermore, continuous innovations in industrial LCD modules, such as better flash, longer battery life and large storage, are some of the factors creating potential opportunities for the growth of the market.
Apart from these factors, increase in the demand for thinner and lighter industrial-use colour LCD modules is driving the demand for the same. Moreover, various manufacturers of industrial LCD modules are focusing on developing industrial LCD modules that work in harsh environments and require robust operating characteristics, which is among major factors driving the industrial LCD modules market.
Challenges
The introduction of LED and ultra-LED displays is a primary factor hampering the growth of the industrial LCD modules market. Moreover, technical challenges, which include residual image problems and breaking pixels, is also one of the major factors hindering the growth of the market.
Global Industrial LCD modules Market: Segmentation
Segmentation of the industrial LCD modules market on the basis of diagonal size:
25 inches
Segmentation of the industrial LCD modules market on the basis of industry:
Energy & Utilities
Transportation & Logistics
Retail & Wholesale
Automotive
Packaging and Printing
IT & Telecom
Others
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Global Industrial LCD modules Market: Competition Landscape
Key Players
Some of the prominent players in the industrial LCD modules market are Mitsubishi Electric Corporation; Vitek Display Co., Ltd.; Sharp Corporation; Winstar Display, Co., Ltd.; Orient Display Limited; Advantech Co., Ltd.; Arrow; Kyocera Corporation and RMA Electronics.
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