Press release
Industrial Display Market: Surge in Demand and Growth Trends for 2025-2029
Industrial Display Market Size
What Is The Projected Market Size Of The Global Industrial Display Market And Its Growth Rate?
Remarkable market growth is projected for the global industrial display market:
• 2024 Market Size: $5.63 billion
• 2025 Market Size: $5.99 billion with a 6.5% CAGR
• 2029 Market Size: $7.9 billion with a 7.2% CAGR
The growth is driven by factors such as industrial automation, user interface design, cost affordability, augmented reality, and augmented virtual reality manifestations.
What Is Driving The Growth In The Industrial Display Market?
The burgeoning adoption of IoT-based devices is propelling the growth of the global industrial display market. The IoT technology, having expanded to 13.2 billion active device connections in 2022, is projected to reach 34.7 billion active device connections by 2028, an 18% annual growth rate. Therefore, industrial displays being a crucial component in visualizing and analyzing massive data influx from IoT devices, the escalating number of IoT connections and devices is spiraling the growth of the industrial display market.
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Who Are the Key Players Driving Industrial Display Market Growth?
Key players contributing significantly to the industrial display market growth encompass:
• LG Display Co. Ltd.
• Samsung Display Co. Ltd.
• Advantech Co. Ltd.
• Planar Systems Inc.
• Japan Display Inc.
• WinMate Inc.
• SigmaSense
• ViewSonic Corporation
• Delta Electronics Inc.
• E Ink Holdings Inc.
What Are The Key Trends In The Industrial Display Market?
Dominant trends shaping the industrial display market:
• Integration with Industry 4.0
• Increasing demand for high-resolution displays
• Growing usage of touchscreen technology
• Focus on robust and durable designs
• Adoption of LED backlit displays
What Are The Segments Of The Global Industrial Display Market?
Market segments of the global industrial display market include:
• Type: Rugged Displays, Open-Frame Monitors, Panel-Mount Monitors, Marine Displays, Video Walls
• Technology: LCD, LED, OLED, E-paper
• Panel Size: Up To 14", 14-21", 21-40", 40" And above
• Application: HMI, Remote Monitoring, Interactive Display, Digital Signage, Imaging
• End-User: Manufacturing, Mining And Metals, Oil And Gas, Energy And Power, Transportation
Which Region Leads The Industrial Display Market?
In the industrial display market, North America held the largest market share in 2024. On the other hand, the Asia Pacific stands as the most prospective region for robust market growth in the upcoming forecast period. The market report includes other regions like Western Europe, Eastern Europe, South America, the Middle East, and Africa.
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What Is Covered In The Industrial Display Market Global Market Report?
- Market Size Analysis: Analyze the Industrial Display Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Display Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overal Industrial Display Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Display Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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