2025-2034 Industrial Display Market Evolution: Disruptions, Innovations, and Untapped Opportunities

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What Is the Expected CAGR for the Industrial Display Market Through 2025?
In the past few years, there has been robust growth in the size of the industrial display market. It is projected to develop from a value of $5.63 billion in 2024 to an increased value of $5.99 billion in 2025, expanding at a compound annual growth rate (CAGR) of 6.5%. The upsurge in the historic period may be attributed to factors such as industrial automation, an increase in manufacturing demands, governmental initiatives, the global expansion of industries, heightened emphasis on user interface (UI) design, cost cuts, and improved affordability.

What's the Projected Size of the Global Industrial Display Market by 2029?
Anticipated to experience significant expansion in the coming years, the size of the industrial display market is projected to increase to $7.9 billion by 2029, with a compound annual growth rate (CAGR) of 7.2%. This projected growth throughout the forecast period can be tied to a boosted emphasis on augmented reality (AR) and virtual reality (VR), a focus on energy efficiency and sustainability, rising concerns regarding cybersecurity, customization, and modular display solutions, and swift growth in up-and-coming markets. Notable trends expected throughout the forecast period consist of integration with industry 4.0, demand for high-resolution displays, an uptick in the use of touchscreen technology, an emphasis on sturdy and long-lasting designs, and the adoption of led backlit displays.

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Top Growth Drivers in the Industrial Display Industry: What's Accelerating the Market?
The industrial display market is predicted to accelerate, fueled by the increasing use of IoT-based devices. IoT, or the internet of things, refers to a system of interlinked computing devices that communicate via unique identities (UIDs) over a network, without requiring human-to-human or human-to-computer interaction. These IoT devices produce and gather substantial data that necessitates real-time visualization and analysis, and industrial displays are crucial in achieving this. Moreover, these IoT devices depend on displays that are robust, dependable, and maintain high visibility even in severe conditions. For example, a November 2022 report by Ericsson, a Swedish networking and telecommunications firm, indicated that the number of active IoT device connections in 2022 stood at 13.2 billion. This number is forecasted to surge to 34.7 billion active connections by 2028, marking an annual growth rate of 18%. Consequently, the growing usage of IoT-based devices is fuelling the expansion of the industrial display market.

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What Trends Will Shape the Industrial Display Market Through 2029 and Beyond?
A significant trend emerging in the industrial display market is product innovation. To solidify their market positions, leading companies in the market are focusing on creating fresh, unique solutions. For example, in March 2022, Advantech Co. Ltd., a Taiwan-based organisation specialising in distinct embedded and automation products and solutions, unveiled the PPC-115W and PPC-112W RISC-based android panel PCs, designed for industrial digitalization. These devices feature a 15.6" (HD or FHD) and 11.6" panel display respectively, equipped with multi-touch P-CAP controls and a dual-core ARM Cortex-A72 and quad-core Cortex-A5 CPU. A standout feature of these products is their Android 10 operating system and included WISE-IoTSuite/AppHub remote management.

What Are the Main Segments in the Industrial Display Market?
The industrial display market covered in this report is segmented -

1) By Type: Rugged Displays, Open-Frame Monitors, Panel-Mount Monitors, Marine Displays, Video Walls
2) By Technology: Liquid Crystal Display(LCD), Light-Emitting Diode(LED), Organic Light-Emitting Diode(OLED), E-paper
3) By Panel Size: Up To 14", 14-21", 21-40", 40" And above
4) By Application: Human-Machine Interface (HMI), Remote Monitoring, Interactive Display, Digital Signage, Imaging
5) By End-User: Manufacturing, Mining And Metals, Oil And Gas, Energy And Power, Transportation

Subsegments:
1) By Rugged Displays: Outdoor Rugged Displays, Indoor Rugged Displays, Portable Rugged Displays
2) By Open-Frame Monitors: Standard Open-Frame Monitors, Touchscreen Open-Frame Monitors, Custom Open-Frame Monitors
3) By Panel-Mount Monitors: Standard Panel-Mount Monitors, Touchscreen Panel-Mount Monitors, Custom Panel-Mount Monitors
4) By Marine Displays: LCD Marine Displays, LED Marine Displays, Multi-Function Displays
5) By Video Walls: LCD Video Walls, LED Video Walls, Projection Video Walls

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Which Top Companies are Driving Growth in the Industrial Display Market?
Major companies operating in the industrial display market include 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 SE, WinMate Inc., NEC Display Solutions Ltd., Maple Systems Inc., BOE Technology Group Co. Ltd., AU Optronics Corp., Hannstar Display Corp., TCL Display Technology Holdings Limited, Schneider Electric SE, Sharp Corporation, Emerson Electric Co., Rockwell Automation Inc., Prysm Inc., SigmaSense, Barco NV, ViewSonic Corporation, Sahara Presentation Systems PLC, Delta Electronics Inc., Corning Incorporated, DuPont de Nemours Inc., E Ink Holdings Inc.

Which Regions Will Dominate the Industrial Display Market Through 2029?
North America was the largest region in the industrial display market in 2024. Asia-Pacific is expected to be the fastest-growing region in the industrial display market report during the forecast period. The regions covered in the industrial display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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