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Analysis and Growth Trends for Industrial Display Market: Key Players, End Users, and Future Demand Projections By 2032 || LG Display Co. Ltd., Samsung Display Co. Ltd., Advantech Co. Ltd., Planar Systems Inc
Industrial Display Market
Industrial Display Market Size, Growth Rate, And Forecast
The global industrial display market size is expected to grow from $4.98 billion in 2022 to $5.34 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global industrial display market size is expected to grow to $6.90 billion in 2027 at a CAGR of 6.6%.
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Industrial Display Market Drivers
The rising adoption of IoT-based devices is expected to propel the growth of the industrial display market going forward. The internet of things (IoT) is a networked system of interconnected computing devices, that connects with unique identities (UIDs) and sends data over a network without the need for human-to-human or human-to-computer contact. IoT devices generate and collect massive amounts of data that need to be visualized and analyzed in real-time, and industrial displays provide the necessary interface for this task. Moreover, IoT devices require displays that are durable, reliable, and offer high visibility even in harsh environments. For instance, in November 2022, according to a report published by Ericsson, a Sweden-based networking and telecommunications company, in 2022, there were 13.2 billion active IoT device connections, which are predicted to increase to 34.7 billion active IoT device connections by 2028, with an annual growth rate of 18%. Therefore, the rising adoption of IoT-based devices is driving the industrial display market.
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Industrial Display Market Segments
• By Type: Rugged Displays, Open-frame Monitors, Panel-Mount Monitors, Marine Displays, Video Walls
• By Technology: Liquid Crystal Display(LCD), Light-Emitting Diode(LED), Organic Light-Emitting Diode(OLED), E-paper
• By Panel Size: Up to 14", 14-21", 21-40", 40" And above
• By Application: Human-Machine Interface (HMI), Remote Monitoring, Interactive Display, Digital Signage, Imaging
• By End-User: Manufacturing, Mining And Metals, Oil And Gas, Energy And Power, Transportation
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the industrial display market.
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Industrial Display Market Key Players
Major competitors in the industrial display market are 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 GmbH, WinMate Inc., NEC Display Solutions Ltd.
The Business Research Company's "Global Industrial Display Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Industrial Display Market Include:
1. Executive Summary
2. Industrial Display Market Characteristics
3. Industrial Display Market Trends And Strategies
4. Industrial Display Market - Macro Economic Scenario
5. Industrial Display Market Size And Growth
………………
27. Industrial Display Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Display Market
29. Industrial Display Market Future Outlook and Potential Analysis
30. Appendix
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