Industrial Display Market: Market Overview

The industrial display market is a rapidly growing segment of the global display market. Industrial displays are electronic displays that are designed for use in harsh environments and are capable of withstanding exposure to extreme temperatures, dust, moisture, and vibration. They are used in a variety of industries, including manufacturing, healthcare, transportation, and aerospace, among others.

The demand for industrial displays is being driven by the increasing need for automation and control systems in various industries. The rise of the Industry 4.0 concept has also been a major factor in the growth of the industrial display market, as it has led to the development of new applications and solutions that require robust and reliable displays.

Meaning

Industrial displays are a type of electronic display that is designed to be used in harsh environments. They are built to withstand exposure to extreme temperatures, dust, moisture, and vibration. Industrial displays are used in a variety of industries, including manufacturing, healthcare, transportation, and aerospace, among others.

Executive Summary

The global industrial display market is expected to grow at a CAGR of 6.2% during the forecast period (2021-2026). The market is being driven by the increasing demand for automation and control systems in various industries. The rise of the Industry 4.0 concept has also been a major factor in the growth of the industrial display market, as it has led to the development of new applications and solutions that require robust and reliable displays.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights

– The global industrial display market is expected to grow at a CAGR of 6.2% during the forecast period (2021-2026).
– The market is being driven by the increasing demand for automation and control systems in various industries.
– The rise of the Industry 4.0 concept has also been a major factor in the growth of the industrial display market, as it has led to the development of new applications and solutions that require robust and reliable displays.
– Asia-Pacific is expected to be the fastest-growing market during the forecast period, owing to the presence of a large number of manufacturing industries in the region.

Market Analysis

The global industrial display market is expected to grow at a CAGR of 6.2% during the forecast period (2021-2026). The market is being driven by the increasing demand for automation and control systems in various industries. The rise of the Industry 4.0 concept has also been a major factor in the growth of the industrial display market, as it has led to the development of new applications and solutions that require robust and reliable displays.

The market is segmented by type, technology, size, application, and region. By type, the market is segmented into rugged displays, open frame displays, and panel mount displays. By technology, the market is segmented into LED, LCD, OLED, and others. By size, the market is segmented into up to 14 inches, 14-21 inches, and above 21 inches. By application, the market is segmented into manufacturing, healthcare, transportation, aerospace, and others.

Market Drivers

1. Increasing Demand for Automation and Control Systems
The increasing demand for automation and control systems in various industries is driving the growth of the industrial display market. Industrial displays are an essential component of automation and control systems, as they provide operators with real-time information about the status of the systems.

2. Rise of Industry 4.0
The rise of the Industry 4.0 concept has been a major driver of the industrial display market. Industry 4.0 refers to the fourth industrial revolution, which is characterized by the integration of advanced technologies, such as artificial intelligence, the Internet of Things (IoT), and cloud computing, into industrial processes. Industrial displays are an essential component of Industry 4.0 solutions

Market Restraints

1. High Cost of Industrial Displays
The high cost of industrial displays is a major restraint for the market. Industrial displays are designed to withstand harsh environments and require specialized materials and components, which makes them more expensive than consumer-grade displays.

2. Limited Availability of Skilled Workforce
The limited availability of skilled workforce is also a restraint for the market. The installation, maintenance, and repair of industrial displays require specialized knowledge and skills, which are not widely available.

Market Opportunities

1. Increasing Demand for Touchscreen Displays
The increasing demand for touchscreen displays in various industries is creating new opportunities for the industrial display market. Touchscreen displays are becoming increasingly popular in industrial applications, as they provide operators with an intuitive and user-friendly interface.

2. Growing Demand for High-Resolution Displays
The growing demand for high-resolution displays in various industries is also creating new opportunities for the industrial display market. High-resolution displays provide operators with a clear and detailed view of the systems, which can improve efficiency and productivity.

Market Dynamics

The industrial display market is highly competitive, with several players competing for market share. The market is characterized by rapid technological advancements and innovations, which is driving the growth of the market. The key players in the market are focusing on developing new products and solutions that meet the evolving needs of the customers.

Regional Analysis

The industrial display market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is expected to be the fastest-growing market during the forecast period, owing to the presence of a large number of manufacturing industries in the region. North America and Europe are also expected to witness significant growth during the forecast period, owing to the increasing adoption of automation and control systems in various industries.

Competitive Landscape

Leading Companies in the Industrial Display Market:

1. Samsung Electronics Co., Ltd.
2. LG Display Co., Ltd.
3. Panasonic Corporation
4. Siemens AG
5. Schneider Electric SE
6. General Electric Company
7. Honeywell International Inc.
8. Rockwell Automation, Inc.
9. Advantech Co., Ltd.
10. AAEON Technology Inc.

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation

By Type:
– Rugged Displays
– Open Frame Displays
– Panel Mount Displays

By Technology:
– LED
– LCD
– OLED
– Others

By Size:
– Up to 14 inches
– 14-21 inches
– Above 21 inches

By Application:
– Manufacturing
– Healthcare
– Transportation
– Aerospace
– Others

Category-wise Insights

1. Rugged Displays
Rugged displays are the most widely used type of industrial displays. They are designed to withstand harsh environments and are capable of withstanding exposure to extreme temperatures, dust, moisture, and vibration. Rugged displays are used in a variety of industries, including manufacturing, healthcare, transportation, and aerospace, among others.

2. LED Technology
LED technology is the most widely used technology in the industrial display market. LED displays are energy-efficient and have a longer lifespan than other display technologies. They are used in a variety of applications, including digital signage, video walls, and displays for control rooms.

3. Manufacturing Application
The manufacturing application is the largest segment of the industrial display market. Industrial displays are an essential component of automation and control systems in manufacturing industries, as they provide operators with real-time information about the status of the systems.

Key Benefits for Industry Participants and Stakeholders

1. Improved Efficiency and Productivity
Industrial displays can improve efficiency and productivity in various industries by providing operators with real-time information about the status of the systems.

2. Improved Safety and Security
Industrial displays can also improve safety and security in various industries by providing operators with real-time information about potential hazards and risks.

SWOT Analysis

Strengths:
– Increasing Demand for Automation and Control Systems
– Rise of Industry 4.0
– Growing Demand for Touchscreen Displays
– Technological Advancements and Innovations

Weaknesses:
– High Cost of Industrial Displays
– Limited Availability of Skilled Workforce
– Dependence on End-Use Industries
– Vulnerability to Economic Fluctuations

Opportunities:
– Increasing Demand for Touchscreen Displays
– Growing Demand for High-Resolution Displays
– Emerging Markets
– Technological Advancements and Innovations

Threats:
– Intense Competition
– Rapid Technological Changes
– Dependence on Supply Chain
– Regulatory Issues

Market Key Trends

1. Increasing Demand for Touchscreen Displays
The increasing demand for touchscreen displays in various industries is a key trend in the industrial display market. Touchscreen displays are becoming increasingly popular in industrial applications, as they provide operators with an intuitive and user-friendly interface.

2. Growing Demand for High-Resolution Displays
The growing demand for high-resolution displays in various industries is another key trend in the industrial display market. High-resolution displays provide operators with a clear and detailed view of the systems, which can improve efficiency and productivity.

Covid-19 Impact

The Covid-19 pandemic has had a mixed impact on the industrial display market. While the pandemic has disrupted the supply chain and led to a decline in demand for some applications, it has also created new opportunities for the market. The increased focus on automation and remote monitoring in various industries has led to a growing demand for industrial displays.

Key Industry Developments

1. Launch of New Products and Solutions
The key players in the industrial display market are focusing on developing new products and solutions that meet the evolving needs of the customers. For example, Samsung Electronics Co. Ltd. recently launched a new line of industrial displays that are designed to be used in harsh environments.

2. Strategic Partnerships and Collaborations
The key players in the industrial display market are also forming strategic partnerships and collaborations to expand their market reach and enhance their product offerings. For example, Panasonic Corporation recently formed a strategic partnership with TactoTek to develop new solutions for the automotive and industrial markets.

Analyst Suggestions

1. Focus on Technological Advancements and Innovations
The industrial display market is characterized by rapid technological advancements and innovations. The key players in the market should focus on developing new products and solutions that meet the evolving needs of the customers.

2. Expand Market Reach
The industrial display market is highly competitive, with several players competing for market share. The key players in the market should focus on expanding their market reach by forming strategic partnerships and collaborations and entering new markets.

Future Outlook

The global industrial display market is expected to grow at a CAGR of 6.2% during the forecast period (2021-2026). The market is being driven by the increasing demand for automation and control systems in various industries. The rise of the Industry 4.0 concept and the growing demand for touchscreen and high-resolution displays are expected to drive the growth of the market in the coming years.

Conclusion

The industrial display market is a rapidly growing segment of the global display market. The market is being driven by the increasing demand for automation and control systems in various industries, the rise of the Industry 4.0 concept, and the growing demand for touchscreen and high-resolution displays. The key players in the market are focusing on developing new products and solutions that meet the evolving needs of the customers and expanding their market reach by forming strategic partnerships and collaborations and entering new markets. The future outlook for the industrial display market is positive, and the market is expected to continue to grow in the coming years.