The global industrial display market is
expected to reach USD 7.26 billion by 2025, according to a new report by Grand
View Research, Inc. Due to the growing complexity of industrial operations and
processes, the use of industrial displays has become crucial to simplify
operational tasks and provide technologically advanced features.
Human Machine Interfaces (HMIs) and other
displays possess the ability to respond to the changing production demands and
closely monitor the production processes, thereby decreasing the downtime and
increasing workforce efficiency. A well-designed HMI enables line of sight into
the system, which allows the operator to control or maintain the machine and
enhance productivity.
OLED displays are expected to gain
prominence on account of their enhanced picture quality and low power
consumption. The technology is widely used in digital signage and display
boards to indicate the operational status at factory floors.
Solution providers have begun offering IIoT
application platforms integrated with industrial display devices and services.
For instance, American Industrial Systems, Inc. (AIS) offers open platform
computing solutions for IIoT and facilitates its application in industrial
companies, factories, transportation & logistics, buildings, and smart
cities.
Companies are investing heavily in R&D
activities for designing technologically enhanced displays and offering
distinguished products compared to their competitors. Mergers &
Acquisitions (M&A), strategic agreements, and multiple partnership
agreements are other growth strategies adopted by players to increase their
product offering and expand their distribution platform.
Further key findings from the report suggest:
· The HMI application segment is expected to
account for the largest revenue share in the overall market by 2025,
registering a CAGR of around 6% over the forecast period
· The demand for industrial displays is
expected to grow substantially in the chemical, oil, and gas segment and the
energy & power segment over the forecast period
· By 2025, the energy & power end-use
segment is projected to account for around 25% of the total market revenue
share.
· In 2016, the panel-mount displays and video
walls together accounted for more than 60% of the total revenue share in the
European region
· The LCD technology is widely used across
all devices; however, the OLED technology is anticipated to witness a high
growth over the forecast period
· Key players in the industry include LG
Display Co., Ltd., Samsung Display, Pepperl+Fuchs GmbH, Advantech Co., Ltd.,
Planar Systems, Inc., WinMate, Inc., NEC Display Solutions, Ltd., Maple
Systems, INC., Japan Display, Inc., Innolux Corporation, and Siemens AG
Grand View Research has segmented the
global industrial display market on the basis of type, application, technology,
panel size, end-use, and region.
Industrial Display Type Outlook
(Revenue, USD Million; 2014 - 2025)
·
Rugged Displays
·
Open Frame Monitors
·
Panel-Mount Monitors
·
Video Walls
·
Marine Displays
Industrial Display Application Outlook
(Revenue, USD Million; 2014 - 2025)
·
HMI
·
Remote Monitoring
·
Interactive Display
·
Digital Signage
Industrial Display Technology Outlook
(Revenue, USD Million; 2014 - 2025)
·
LCD
·
LED
·
OLED
·
E-Paper Display
Industrial Display Panel Size Outlook
(Revenue, USD Million; 2014 - 2025)
·
Up to 14”
·
14-21”
·
21-40”
·
40” and Above
Industrial Display End-Use Outlook
(Revenue, USD Million; 2014 - 2025)
·
Manufacturing
·
Mining & Metals
·
Chemical, Oil, and Gas
·
Energy & Power
·
Others
Industrial Display Regional Outlook
(Revenue, USD Million; 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
