Market Overview
The
Global Industrial Display Market is expected to reach a value of
USD 6.0 billion in 2023, and it is further anticipated to reach a market value of
USD 10.8 billion by 2032 at a
CAGR of 6.8%. The market has seen significant growth over the past few years and is predicted to grow significantly during the forecasted period as well.
An industrial display includes machinery primarily installed for exhibiting digital information. It encompasses different TFT-display screens,
digital signage, monitors, & related devices. These displays are particularly engineered for increased resilience, capable of enduring challenging industrial conditions such as dust, moisture, dirt, extreme temperatures, & more, as they find use in various industrial applications where durability & performance in harsh environments are critical.
Market Dynamic
The industrial display market presents a great investment opportunity, providing a modern alternative to manual processes & outdated push-button technology. It includes technological advancements, mainly in the Industrial Internet of Things (IIoT), which has highly improved the effectiveness of predictive analytics. Displays integrated with IIoT sensors give real-time insights into machine performance & critical parameters, facilitating data-driven decisions & rapid issue identification, lowering downtime, & improving production efficiency. Leading manufacturing nations such as the U.S. & China have taken predictive analytics on a large scale, with its continuous adoption in predictive maintenance, asset management, & remote monitoring, further enhancing the market growth.
However, regulations concerning the production & delivery of industrial displays can differ based on regional or national boundaries. A case in point is the EU legislation known as the RoHS (Restriction of Hazardous Substances), which creates limitations on the inclusion of certain substances like mercury, cadmium, flame retardants, hexavalent chromium, and lead, like PBB (Polybrominated Biphenyls) or PBDE (Polybrominated Diphenyl Ethers), in electronic equipment., such legal framework seeks to ensure the safety & environmental compliance of electronic devices within the EU region.
Research Scope and Analysis
By Type
When looking at the types of industrial displays, the market divides them into open-frame monitors, rugged displays, marine displays, panel-mount monitors, & video walls. In 2023, the panel-mount monitor type takes the lead. Panel-mount monitors are particularly designed for direct installation into control panels or enclosures, featuring rugged construction with a robust shell, bezel, & secure mounting brackets to resist harsh industrial environments.
These monitors differ in size & resolution, catering to a range of industrial applications, & often include high brightness, touchscreen functionality, & versatile interface options. Broadly used in automation, manufacturing, & process control, these panel-mount displays are essential for reliable & durable performance & safety. Additionally, they find application in transportation, defense, & aerospace industries where resistance to shock & vibration is paramount.
By Application
Based on application, the industrial display market is categorized into HMI (human-machine interface), interactive display, remote monitoring & digital signage. In 2023, the HMI segment takes the lead & is anticipated for significant growth in the forecast period. HMI displays are essential to industrial automation systems, providing live data to users & operators. These displays contain advanced features like touchscreens & rugged designs to endure challenging industrial environments.
They are mainly used for looking at different industrial operations, like production & assembly lines, and power generation facilities. HMI displays provide operators with crucial real-time insights into monitored processes, like temperature & pressure, & can be utilized independently or integrated with other automation components such as PLCs & SCADA systems, creating user-friendly interfaces & legible, easy-to-read visuals.
By Technology
Regarding display technology, the market is categorized into LED, e-paper, LCD, and OLED. In 2023, the LCD segment leads the market & is projected to achieve a growth rate during the forecast period. Liquid crystal displays (LCDs) are flat panel displays that build images using liquid crystals, finding broad applications in industrial settings like instrumentation & control panels,
medical equipment, & automotive displays. LCDs are supported for their high brightness, slim profile, less power consumption, & broad viewing angles, making them suitable for scenarios where multiple users are required to view the display simultaneously. They provide reliability, durability, & versatility in demanding environments.
Further, the e-paper segment is expected to experience rapid growth throughout the forecast period. Electronic paper, or e-paper or e-ink display, resembles ink on paper & is frequently utilized in industrial applications like e-readers, electronic shelf labels, & digital signage. E-paper displays are known for their excellent contrast, minimal power consumption, & readability even in bright sunlight.
By Panel Size
Based on panel size, the market categorizes displays as up to 14 inches, 14 to 21 inches, 21 to 40 inches, & 40 inches and above. Among these, the 14 to 21-inch segment takes the lead in 2023 & is anticipated to show significant growth in the coming years. This category encompasses displays with a diagonal screen size ranging from 14 to 21 inches, mainly found in industrial applications like human-machine interfaces, point-of-sale systems, & kiosks.
Further, the need for the 14 to 21-inch segment has grown due to the rise in the need for rugged handheld devices, tablets, & touch screens. These displays are well-suited for daily industrial operations & factory applications & typically employ technologies like LCD, TFT, or plasma. They are created to withstand physical impacts, exposure to water splashes, dust, grease, oil, metal shavings, & potential theft, making them indispensable in different industrial settings.
By End Use
For the end-use applications, the industrial display market is categorized into sectors like manufacturing, energy & power, mining & metals, chemical, oil & gas, and others. Among these, the manufacturing segment takes the lead in 2023 & is anticipated to a significant growth in the coming future. Manufacturing facilities depend on industrial displays to show live data on production rates, machinery status, & quality control information. These displays are important in looking at & controlling automated equipment, including robotics & production lines. Furthermore, they play an important role in improving safety, communication, and employee training within production processes by providing safety instructions, training materials, & essential information to assist workers in performing their tasks more efficiently & securely.
The Global Industrial Display Market Report is segmented on the basis of the following:
By Type
- Video Walls
- Rugged Displays
- Open Frame Monitors
- Panel-Mount Monitors
- Marine Displays
By Application
- HMI
- Digital Signage
- Interactive Display
- Remote Monitoring
By Technology
By Panel Size
- Up to 14 inches
- 14 to 21 inches
- 21 to 40 inches
- 40 inches & above
By End Use
- Manufacturing
- Chemical, Oil & Gas
- Mining & Metals
- Energy & Power
- Others
Regional Analysis
The Asia Pacific region commands the biggest share of the global industrial display market at
37.9% in 2023, & this dominance is expected to grow in the coming future as well, which is driven by the region's strong economies, like Indio, China, & Japan, which have a growing use for industrial displays driven by automation & digitalization required in sectors like healthcare, manufacturing, and automobiles. In addition, China, in particular, stands out as the leading market in the Asia Pacific, given its rise in demand for advanced displays in different industries. Japan also experiences major growth in the industrial display sector, particularly in the automobile industry & other application areas, showing the region's role in the growth of the global market landscape.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The global industrial display market experiences strong competition among key players. Companies like LG, Panasonic, Samsung, Siemens & more look to dominate the market by consistently innovating their products, focusing on higher resolutions, better durability, & enhanced touch & interface capabilities. In addition, emerging players from Asia, like BOE and many others have gained prominence by providing competitive pricing & increasing their product portfolios. This competition drives continuous development in display technology & keeps pricing competitive, benefitting consumers & industries dependent on industrial displays for their operations.
For instance, in April 2023, Samsung & Ferrari signed an MOU (memorandum of understanding) to have a partnership in developing an innovative display solution for future Ferrari vehicles. Using cutting-edge OLED technology, Samsung Display focuses on designing an advanced automotive display system that integrates seamlessly with Ferrari's pursuit of digital excellence in its luxury supercars, marking a major step in the partnership between these two industry leaders.
Some of the prominent players in the Global Industrial Display Market are:
- Samsung
- LG Display
- Advantech Co
- Siemens
- WinMate Inc
- Planar Systems
- NEC Display Corp
- Sony
- OSRAM
- BOE Technology
- Other Key Players
COVID-19 Pandemic & Recession: Impact on the Global Industrial Display Market:
The COVID-19 pandemic & the following economic recession highly affected the global industrial display market. As businesses saw disruptions & low consumer spending, the need for industrial display technologies fluctuated. Companies delayed investments in such equipment, creating a temporary slowdown in the market. However, the demand for digital solutions to adapt to remote work & changing consumer behavior grew innovation in industrial displays, driving a gradual recovery & a shift toward more resilient & adaptable display solutions.
| Report Characteristics |
| Market Size (2023) |
USD 6.0 Bn |
| Forecast Value (2032) |
USD 10.8 Bn |
| CAGR (2023-2032) |
6.8% |
| Historical Data |
2017 - 2022 |
| Forecast Data |
2023 - 2032 |
| Base Year |
2022 |
| Estimate Year |
2023 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Type (Video Walls, Rugged Displays, Open Frame
Monitors, Panel-Mount Monitors, and Marine
Displays), By Application (HMI, Digital Signage,
Interactive Display, and Remote Monitoring), By
Technology (LCD, E-Paper, LED, and OLED), By Panel
Size (Up to 14 inches, 14 to 21 inches, 21 to 40
inches, and 40 inches & above), By End Use
(Manufacturing, Chemical, Oil & Gas, Mining &
Metals, Energy & Power, and Others) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
Samsung, LG Display, Advantech Co, Siemens,
WinMate Inc, Planar Systems, NEC Display Corp,
Sony, OSRAM, BOE Technology, and Other Key
Players |
| Purchase Options |
We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively. |
Frequently Asked Questions
The Global Industrial Display Market size is estimated to have a value of USD 6.0 billion in 2023 and is
expected to reach USD 10.8 billion by the end of 2032.
Asia Pacific dominates the Global Industrial Display Market with a share of 37.9% in 2023.
Some of the key players in the Global Industrial Display Market are Sony, OSRAM, LG Display, and many
others.
The market is growing at a CAGR of 6.8 percent over the forecasted period.