Press release
Industrial Display System Market is predictable to reach at USD $6.71 billion by 2023
The study reveals that Industrial Display is trending in North America region. The Industrial Display market is driven by the innovation and advancements in high definition display to make more advanced and cost effective devices. A recent trend in IoT and 3D technologies is boosting the Industrial Display market.
Industrial Display that describes a display device is an output device for presentation of information in visual form. It consist of flat or curve panel display that emit reflector to produce images in color on screen. The images that reflect on screen are made up of a large number of small pixels that form high definition resolution that provides clear image on the screen. The Industrial Display includes computer monitors, televisions, instrument panels, aircraft cockpit displays and other. These displays are available in various sizes 7""', 10"", 19"", 21"", and others. The market for open frame monitor is expected to grow at the highest rate.
The study indicates that the Industrial Display market is boosted by its flexible and comprehensive solutions of display devices such as LED, LCD, OLED, LPD and many others types of technology that provide . The study signifies that technological shift and development of high definition display devices, high growth of LED-backlit LCD-based display solutions, rising demand for HMI devices, and growing adoption of IoT are the factors driving the growth of the industrial display market.
The Industrial Display Market is growing rapidly over 6.8% of CAGR and is expected to reach at USD $6.71 billion by the end of forecast period.
Major Key Players
• LG Display Co., Ltd. (South Korea),
• Samsung Electronics Co., Ltd. (South Korea),
• AU Optronics Corp. (Taiwan),
• Innolux Corp. (Taiwan),
• Japan Display Inc., (Japan),
• Sharp Corp. (Japan),
• BOE Technology Group Co. (China),
• Hannstar Display Corp. (Taiwan),
• Varitronix International Limited (Hong Kong),
• TCL Display Technology Holdings Limited (Hong Kong),
• Universal Display Corp. (U.S.),
• E Ink Holdings Inc. (Taiwan)
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Industrial Display Market Segmentation
The Industrial Display Market has been segmented on the basis of display type, technology, applications, end-user and region. Looking through the end-user segment it has been observed that industrial sector has shown a rapid growth in HD Display market and holds the largest market share. The study indicates that the other sectors like BFSI and government would show a positive growth in the Industrial Display market.
Market Research Analysis:
On geographic basis, Industrial Display market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading in the Industrial Display market as rugged displays are widely used for HMI applications. The study shows that Europe region has a positive growth in the Industrial Display market due to its low cost, good image quality and operating life. The manufacturing and power generation sectors are playing a major role in the developing countries in Asia-pacific regions like China, Japan and others are showing high adoption in the Industrial Display systems.
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