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Emerging Trends Influencing The Growth Of The Automation Industrial Monitors Market: Customizable Technologies In The Automation Industrial Monitor Market
Automation Industrial Monitors
How Big Is the Automation Industrial Monitors Market Size Expected to Be by 2034?
In recent times, the market size of automation industrial monitors has experienced substantial growth. It is projected to expand from $2.53 billion in 2024 to $2.74 billion in 2025, with a compound annual growth rate (CAGR) of 8.5%. The expansion observed in the historical period is attributed to factors such as increased industrialization, adherence to regulations, reduction in overhead costs, efficiency enhancement, globalization, and management of the supply chain.
In the following years, substantial growth is anticipated in the automation industrial monitors market, with the market value is projected to reach $3.74 billion in 2029, reflecting a compound annual growth rate (CAGR) of 8.1%. This prospective growth during the forecast period can be credited to factors such as the integration of industry 4.0 and IoT, swift digitization, increasing demand for touchscreen interfaces, remote surveillance and control, and emphasis on energy efficiency. The forecast period is also expected to see major trends like the integration of augmented reality (AR), tailored and modular designs, and the incorporation of AI and machine learning.
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What Are the Emerging Segments Within 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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What Long-Term Drivers Are Shaping Automation Industrial Monitors Market Trends?
The surge in popularity of smart factories contributes to the expansion of the automation and industrial monitoring market. Essentially, smart factories are manufacturing plants that use cutting-edge technologies and data-oriented solutions to fine-tune manufacturing procedures, boost efficiency, and increase productivity. By integrating innovative technologies such as IoT, AI, and automation, smart factories effectively increase operational efficiency, fine-tune manufacturing procedures, and adjust to fluctuating market demands. Industrial monitors, functioning as interfaces for observing, managing, and visualizing manufacturing procedures, offer real-time data insights, facilitate worker interaction, and ensure smooth integration with other automation systems and devices. For example, a Rockwell Automation Inc. survey carried out in May 2022 with 321 manufacturers reported a remarkable 50% year-over-year growth in the adoption of smart factory technologies. Furthermore, 74% of surveyed manufacturers either currently use or plan to incorporate artificial intelligence into their manufacturing operations. In addition, 83% of manufacturing professionals plan to upgrade their modernization procedures to incorporate smart factories. Therefore, the increasing appeal of smart factories is set to fuel automation industrial monitor market growth.
Who Are the Top Competitors in Key Automation Industrial Monitors Market Segments?
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.
What Are the Major Trends Shaping the Automation Industrial Monitors Market?
Leading companies in the industrial automation monitor market are prioritizing advanced technology, such as tailor-made industrial monitors, to deliver enhanced features to customers. These monitors generally provide adaptable screen size, resolution, installation setups, networking, and supplemental features to suit numerous applications and environmental settings. For instance, Rockwell Automation Inc., an industrial automation enterprise based in the US, introduced its new range of customizable industrial monitors, the Allen-Bradley ASEM 6300M, in May 2022. The aim is to help machine manufacturers differentiate their machines and fulfill varied application necessities. This flexibility allows machine producers to customize the monitors based on cost, performance, and visual preferences. The ASEM 6300 series caters to an array of applications, giving machine producers a competitive edge in terms of functionality and design. These monitors can display up to four information tiles on a single screen, offering operators essential data such as performance statistics, task instructions, high-definition videos, and live camera streams.
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Which Regions Are Becoming Hubs for Automation Industrial Monitors Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automation Industrial Monitors Market?
2. What is the CAGR expected in the Automation Industrial Monitors Market?
3. What Are the Key Innovations Transforming the Automation Industrial Monitors Industry?
4. Which Region Is Leading the Automation Industrial Monitors Market?
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