Press release
Comprehensive Automation Industrial Monitors Market Forecast 2025-2034: Growth Trends and Strategic Shifts
Automation Industrial Monitors Market
Automation Industrial Monitors Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past few years, the market size of industrial automation monitors has seen substantial growth. Expecting to rise from a market value of $2.53 billion in 2024 to an estimated $2.7 billion in 2025, it is predicted to have a compound annual growth rate (CAGR) of 6.7%. This growth during the historical period is attributed to factors such as increased industrialization, compliance with regulations, efforts towards cost reduction and improving efficiency, globalization, and supply chain management.
Automation Industrial Monitors Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the market size for automation industrial monitors is anticipated to witness robust growth. By 2029, it is projected to reach an impressive $3.54 billion, boasting a compound annual growth rate (CAGR) of 7.0%. This increase during the forecast period is primarily driven by the integration of Industry 4.0 and IoT, accelerated digitalisation, the demand for touchscreen interfaces, along with remote monitoring and control, and an emphasis on energy efficiency. The forecast period also expects significant trends including the incorporation of augmented reality (AR), modular design and customization, as well as the amalgamation of AI and machine learning.
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What Are the Drivers Transforming the Automation Industrial Monitors Market?
The increasing interest in smart factories is fueling the expansion of the automation and industrial monitoring market. Smart factories are manufacturing sites that use high-tech measures and data-informed solutions to enhance production processes, maximizing both efficiency and productivity. They augment operational efficiency, streamline production, and can adapt to fluctuating market needs by incorporating leading-edge technologies like IoT, AI, and automation. Industrial monitors serve as the medium for observing, managing, and visualizing production procedures, offering instant data analysis, promoting operator engagement, and allowing effortless integration with other automation systems and devices. For instance, a Rockwell Automation Inc., a U.S. industrial automation firm, conducted a survey in May 2022 involving 321 manufacturers revealing a significant 50% annual growth in the deployment of smart factory technologies. Furthermore, approximately 74% of the manufacturers surveyed stated they are either currently employing or considering the integration of artificial intelligence in their manufacturing operations. Also, a substantial 83% are set to modernize their processes into smart factories. Therefore, the escalating popularity of smart factories is expected to catalyze the growth of the automation industrial monitor market.
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What Are the Key Trends Driving Automation Industrial Monitors Market Growth?
Leading organizations in the automation industrial monitor market are gravitating towards innovative technologies, such as customizable industrial monitors, to better cater to their customers with enhanced features. These monitors offer a range of flexibility, from screen size and resolution to mounting options, connectivity, and supplementary features, aiming to suit different applications and environments. A case in point is Rockwell Automation Inc., a US-based industrial automation firm, which in May 2022, launched a fresh line of customizable industrial monitors under the name Allen-Bradley ASEM 6300M. These monitors are intended to help machine builders stand out by fulfilling various application needs. The options offered by these monitors enable machine builders to modify them to fit cost, performance, and aesthetic needs. The ASEM 6300 devices address a wide array of applications, allowing machine builders to set their products apart in terms of functionality and design from their competitors. The monitors also support the display of up to four information tiles on a single screen, granting machine operators with vital insights, such as performance data, high-resolution videos, work instructions, and real-time camera feeds.
Which Segments in the Automation Industrial Monitors Market Offer the Most Profit Potential?
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 Firms Dominate the Automation Industrial Monitors Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in 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.
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