Industrial Display Market Size 2023 Review, Growth Strategy, Developing Technologies and Forecast by 2030

As per the report published by The Brainy Insights, the global industrial display market is expected to grow from USD 3.98 billion in 2021 to USD 6.67 billion by 2030, at a CAGR of 5.91% during the forecast period 2022-2030. North America emerged as the largest market for the global industrial display market, with a 38% share of the market revenue in 2021. The North American region currently dominates the industrial display market due to the extensive presence of major market players and developed digital economy with high-speed internet connectivity. The increased R&D of IoT, HMIs, and video walls to widen their scope of application is also contributing to the region's growth. The Asia Pacific region is expected to grow the fastest during the forecast period due to the rising adoption of industrial display technologies across sectors of the region. The growth of the manufacturing industry in developing economies, such as India and China, is driving the demand for industrial displays in the region.

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Industrial Display Market Size by Product Type (Open-Frame Monitors, Marine Displays, Rugged Displays, Panel-Mount Monitors, Video Walls, and Others), Application (Remote Monitoring, Digital Signage, Human Machine Interface (HMI), Interactive Display, and Imaging), Technology, End-User, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Leading companies in the industry include Advantech Co. Ltd., AU Optronics Corporation, Japan Display, LG Display Co. Ltd., Panasonic Corporation, Planar Systems Inc., Rockwell Automation Inc., Samsung Display, Schneider Electric SE, and Siemens AG, among others, are offering more significant opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.

The product type segment is divided into open-frame monitors, marine displays, rugged displays, panel-mount monitors, video walls, and others. The panel-mount monitors' segment dominated the market, with a market share of around 36% in 2021. The application segment is divided into remote monitoring, digital signage, human-machine interface (HMI), interactive display, and imaging. The human-machine interface (HMI) segment dominated the market, with a market share of around 37% in 2021. The technology segment is divided into LCD, OLED, E-paper, LED, and others. Over the forecast period, the OLED display segment is expected to grow at the fastest CAGR of 9.7%. The end-user segment is divided into manufacturing, energy & power, mining & metals, transportation, oil & gas, healthcare, and others. The manufacturing segment dominated the market, with a market share of around 42% in 2021. Industrial displays allow the manager/operator of the manufacturing unit to control processes from a central point efficiently. The increased manufacturing efficiency enables the company to reduce downtime and production costs, thereby increasing its profit margin. The real-time monitoring and reporting enabled by industrial displays allow manufacturers to handle unexpected glitches/incidents without delay. It enables real-time tracking of inventory and error control & displays accurate information, which translates into better production efficiency. Such factors contribute to the manufacturing sector's growing adoption of industrial displays.

The development of new technological up-gradation by significant market players incorporating surface acoustic wave technology to improve the clarity and durability of touch screen Industrial displays will drive the adoption of industrial displays in retail, healthcare, restaurants, & hospitality. Manufacturers and suppliers have created regional procurement models, standard time frames & flexible payment models to generate new consumers, reduce costs & save time, which will aid in the growth of the global industrial display market.

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This study forecasts global, regional, and country revenue from 2019 to 2030. The Brainy Insights has segmented the global industrial display market based on the below-mentioned segments:

Global Industrial Display Market by Product Type:

Open-Frame Monitors
Marine Displays
Rugged Displays
Panel-Mount Monitors
Video Walls
Others
Global Industrial Display Market by Application:

Remote Monitoring
Digital Signage
Human Machine Interface (HMI)
Interactive Display
Imaging
Global Industrial Display Market by Technology:

LCD
OLED
E-Paper
LED
Others
Global Industrial Display Market by End-User:

Manufacturing
Energy & Power
Mining & Metals
Transportation
Oil & Gas
Healthcare
Others

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