Global Industrial Display Market by Type (Video Wall, Panel-Mount, Rugged, Open Frame, Marine) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2016, the global industrial display market was valued at USD 4.33 Billion. Market growth is expected to be driven by the increasing use of Industrial Internet of Things (IIoT), growing demand for multi-featured Human Machine Interface devices (HMI) and rising adoption of smart industrial displays.

This industry is growing in prominence due to the innovative features of the displays. These include touch panel panels and automatic touch detectors; radio frequency identification (RFID); Ethernet connection; and resistance against high temperature, shock vibration, dust, scratch and chemicals. Displays are an ideal replacement for outdated push-button technology and manual processes. This industry presents a great opportunity to invest.

To keep up with changing industrial requirements, the market is marked by technological innovation. The latest developments in the market include Thin-Film-Transistor, Liquid Crystal Displays (LCD), Low-Temperature Poly-Silicon LTPS (LTPS), Digital Light Processings (DLP) and Color Filter (CF). Innovation and advancement are driven mainly by the increasing demand for multi-featured HMIs with smart touch screens and intelligent touch displays.

The regulations governing the sale and manufacturing of industrial displays are different at each country or region. The European Union Law on the Restriction of Hazardous Substances has (to a certain extent) restricted the use of cadmium and lead as well as mercury and hexavalent chromemium & flame retardants. In electronic equipment, Polybrominated Diphenyl Ethers or Polybrominated Biphenyls are prohibited.

Type Insights

In 2016, the panel-mount segment held a significant revenue market share and will continue to dominate the market for the forecast period. The device's versatility, affordability, and easy availability are the reasons for its growth. Operational process control is the main use of panel-mount IDs in manufacturing plants.

Marine displays are used on commercial and shipping vessels, yachts, and cruise ships. They are specifically designed to withstand harsh marine environments. They accounted for the lowest revenue share of IDs in 2016, but their market is expected grow at a CAGR exceeding 6% during the forecast period. Its wide-ranging applications include real-time sonar for ships, Ethernet integrated battleship combat system & tank balance system, unmanned monitoring system to a seaport substation and the ship engine monitoring systems.

These rugged displays are built to withstand harsh industrial conditions such as extreme temperatures, vibrations, wet and dusty. They are used in military-grade monitoring systems, railway control systems, as well as task status boards in manufacturing.

Application Insights

The HMI application segment represented almost 35% of total market revenue share in 2016. It is expected to experience significant growth during the forecast period. The HMI segment is expected to hold the largest share of the total market's revenue by 2025. This is due to HMI manufacturers expanding their presence into developing countries like China and India.

Technology will revolutionize the way we can control machinery, industrial infrastructure and operations in factories. HMI devices are expected to see rapid growth due to the robust growth of IIoT applications.

Interactive displays enable two-way communication between machine and user. Their market is expected to grow at the highest CAGR in 2017-2025.

Technology Insights

To increase their market share, display manufacturers patent their technological innovations. LED HERO Electronic Technology Co. Ltd. has patents on its transparent LED products.

In 2016, the LCD technology was responsible for more than 40% of total revenue. It is expected that its share of the overall market will decline in the future. OLED technology's pixel-by pixel brightness control feature that allows for a greater adoption may explain this trend. This feature is not available in LEDs or LCDs. OLED is able to manage contrast better than LCDs and LEDs. OLED technology is forecast to grow at the highest rate of CAGR during the forecast period.

End-use Insights

Manufacturing is the dominant sector and will account for the largest revenue share during the forecast period. This could be due to the increasing demand for embedded features in display panels to increase efficiency in manufacturing processes. In-built alarm features in manufacturing facilities, for example, send real-time signals to the operator in the event of an unanticipated event.

From 2017 to 2025, the energy and power sector will experience a 6.5% CAGR. This sector is expected to experience the greatest growth in Asia Pacific, with India, China, and Japan being the largest markets.

In 2016, the mining & metals industry accounted for close to 15% of total revenue. Over the forecast period, the market will be driven by the increasing demand for rugged displays within the mining & Metals segment.

Regional Insights

With a more than 30% revenue share in 2016, North America dominated the market for industrial displays. This could be due to investments in IIoT and multi-featured HMIs. Over the forecast period, new business opportunities will be created by the increasing adoption of HMIs in the region and digital signage. The region is also expected to adopt industrial automation at a faster rate, as it is one of the first to use this technology.

Due to the high demand for remote monitoring and HMI apps, the U.S. is expected to capture a large portion of the market. Market growth is also being driven by South East Asian countries like India, Japan and China.

Asia Pacific is expected to experience the highest CAGR during the forecast period. In the region, the power generation and manufacturing industries are expected to be major drivers of industrial displays. Many prominent manufacturers are also based in Asia Pacific.

Market Share in Industrial Displays

The market's key players include Samsung Display, LG Display Co., Ltd., Japan Display, Inc., Advantech Co., Ltd., WinMate, Inc., and Advantech Co., Ltd. Pepper+Fuchs GmbH bought ecom Instruments GmbH in October 2016. This is a supplier for mobile phones, tablets and 4G smartphones. Pepper+Fuchs GmbH has been able to increase its product range and accelerate product development thanks to the acquisition.

Advantech Co., Ltd. also announced in January 2017 that it had acquired a 60% stake in Kostec Co., Ltd., South Korean medical display company. This was part of its strategy for geographic expansion. This acquisition will allow Advantech Co., Ltd. to expand its South Korean healthcare product lines and help drive growth in the regional iHospital markets.

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country level and analyzes industry trends for each sub-segment from 2016-2025. Grand View Research has divided the global industrial display market by type, technology, app, panel size, end use, and region.

• Type Outlook (Revenue USD Million; 2014-2025)

  • Rugged Displays

  • Monitors with Open Frame

  • Monitors mounted on panels

  • Marine Displays

  • Video walls

• App Outlook (Revenue USD Million; 2014-2025)

  • HMI

  • Remote Monitoring

  • Interactive Display

  • Digital Signage

• Technology Outlook (Revenue USD Million; 2014-2025)

  • LCD

  • LED

  • OLED

  • E-Paper Display

• The Panel Size Outlook (Revenue USD Million, 2014-2025)

  • Maximum 14"

  • 14-21

  • 21-40

  • 40" and Above

• End-Use Outlook (Revenue USD Million; 2014-2025)

  • Manufacturing

  • Mining & Metals

  • Chemical, Oil, and Gas

  • Energy & Power

  • Other

• Regional Outlook (Revenue USD Million; 2014-2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • The U.K.

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

Up Market Research published a new report titled “Industrial Display Market research report which is segmented by Type (Video Wall, Panel-Mount, Rugged, Open Frame, Marine), By Players/Companies Inc Several players have carried out Mergers & Acquisitions (M&A) in the market to tackle the challenges of in-house R&D and develop innovative technologies For instance, Advantech Co, Samsung Display, which is a supplier of mobile phones, 4G smartphones The acquisition has helped Pepper+Fuchs GmbH to expand its product offerings and accelerate the rate of product development, Ltd, in October 2016, LG Display Co, tablets, WinMate, Pepper+Fuchs GmbH acquired ecom Instruments GmbH, Japan Display, Ltd, Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Industrial Display Market Report Segments:

The market is segmented by Type (Video Wall, Panel-Mount, Rugged, Open Frame, Marine).

Industrial Display Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Industrial Display Market

Overview of the regional outlook of the Industrial Display Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Industrial Display Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Industrial Display Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Video Wall

                2. Panel-Mount

                3. Rugged

                4. Open Frame

                5. Marine

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Industrial Display Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

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Reasons to Purchase the Industrial Display Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.