Press release
Automation Industrial Monitors Market Set to Reach 3.74 Billion by 2029 with 8.1% Yearly Growth
Automation Industrial Monitors Market
The automation industrial monitors market has shown strong growth in recent years. It is forecasted to rise from $2.53 billion in 2024 to $2.74 billion in 2025 at a CAGR of 8.5%. The growth during the historical period was fueled by increasing industrialization, adherence to regulatory standards, cost reduction efforts, efficiency improvements, globalization, and supply chain management developments.
The automation industrial monitors market is projected to grow significantly, reaching $3.74 billion by 2029 with a compound annual growth rate (CAGR) of 8.1%. This growth is driven by the integration of Industry 4.0 and IoT, rapid digitalization, the increasing demand for touchscreen interfaces, remote monitoring, and a focus on energy efficiency. Key trends include the integration of augmented reality (AR), customization and modular design, and the use of AI and machine learning.
What Are the Forces Behind the Rapid Growth of the Automation Industrial Monitors Market?
The rise of smart factories is propelling the growth of the automation and industrial monitoring market. Smart factories utilize advanced technologies like IoT, AI, and automation to optimize production processes and improve efficiency. Industrial monitors play a key role by providing real-time data insights, facilitating operator interaction, and enabling seamless integration with other automation systems. A survey by Rockwell Automation in May 2022 found that 50% of manufacturers adopted smart factory technologies, with 74% planning to integrate AI into their operations. As smart factories become more popular, they drive growth in the automation industrial monitor market.
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Who Are the Dominant Companies Influencing Automation Industrial Monitors Market Trends?
Major companies operating in the automation industrial monitors market are Siemens AG, Mitsubishi Electric Corporation, Honeywell International Inc., ABB Group, Eaton Corporation plc, Emerson Electric Co., Rockwell Automation Inc., Danfoss A/S, Omron Corporation, FANUC Corporation, SMC Corporation, Yaskawa Electric Corporation, Festo AG & Co. KG, KUKA AG, Yokogawa Electric Corporation, Advantech Co. Ltd., National Instruments Corporation, OmniVision Technologies Inc., Beckhoff Automation GmbH & Co. KG, Kontron S&T AG, Barco NV, Pepperl+Fuchs GmbH, Sparton Corporation, AAEON Technology Inc., Axiomtek Co. Ltd., Edge Electronics LLC, RGB Spectrum, Computer Dynamics (CIMTEC Automation), Hope Industrial Systems Inc.
How Is the Automation Industrial Monitors Market Evolving?
Leading companies in the automation industrial monitor market are focusing on advanced technologies, such as customizable industrial monitors, to better serve customers with enhanced features. For instance, in May 2022, Rockwell Automation Inc., a US-based industrial automation company, introduced the Allen-Bradley ASEM 6300M industrial monitors. These monitors offer customization options for machine builders, allowing them to tailor monitors according to cost, performance, and design preferences. The monitors support up to four tiles of information on a single screen, displaying valuable insights, including performance data and real-time camera feeds.
What Are the Different Segmentations in the Automation Industrial Monitors Market?
The automation industrial monitors market covered in this report is segmented -
1) By Type: Screen Size Below 12, Screen Size Between 12-17, Screen Size Above 17
2) By Application: Process Industries, Discrete Industries
3) By End User: Automotive, Manufacturing, Electronic And Electrical, Other End-Users
Subsegments:
1) By Screen Size Below 12: 7-Inch Monitors, 10-Inch Monitors
2) By Screen Size Between 12-17: 12-Inch Monitors, 15-Inch Monitors, 17-Inch Monitors
3) By Screen Size Above 17: 19-Inch Monitors, 21-Inch Monitors, 24-Inch Monitors, Larger Monitors (27 Inches And above)
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Which Region Is at the Forefront of the Automation Industrial Monitors Market?
North America was the largest region in the automation industrial monitors market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automation industrial monitors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Automation Industrial Monitors Global Market Report?
- Market Size Analysis: Analyze the Automation Industrial Monitors Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automation Industrial Monitors 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 overall Automation Industrial Monitors Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automation Industrial Monitors Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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