The global industrial display market value reached USD 5.8 billion in 2021. Total market size is likely to increase from USD 6.1 billion in 2022 to USD 9.9 billion by 2032. Over the next ten years, global industrial display sales will surge at 4.9% CAGR.
LCD segment is forecast to remain the leading revenue-generating segment. As per Future Market Insights, industrial LCD segment will thrive at over 4.7% from 2022 to 2032.
Key market shaping factors:
Electronic displays that are designed for use in industrial environments for monitoring, controlling, measuring, and testing applications are called industrial displays. They are used for displaying digital output. They have become crucial for ensuring that the industry runs smoothly.
Industrial displays are used to:
Industrial displays are being widely used across diverse industries including energy & power, transportation, automotive, etc. For instance, industrial displays enable operators in power plants to monitor and control the plant more efficiently.
In transportation sector, industrial displays aid customers to make reservations, getting schedules of arrival and departures, finding out ticket prices, etc. Hence, growing usage of industrial displays across these thriving industries will boost the market.
Growing adoption of industrial internet of things (IIoT) and need for predictive maintenance will fuel industrial display demand through 2032. Further, rising popularity of smart industrial displays will boost the market.
Key industrial display manufacturers are expanding their portfolios by launching new innovative solutions. For instance, in 2020 new RXi industrial displays and panel PC products were introduced by Emerson.
These new solutions are ideal for monitoring, visualizing, and enhancing production processes in various industries.
| Attributes | Key Insights |
|---|---|
| Industrial Display Market Size in 2022 | USD 6.1 billion |
| Projected Market Value (2032) | USD 9.9 billion |
| Value-based CAGR (2022 to 2032) | 4.9% |
| USA Market CAGR (2022 to 2032) | 3.8% |
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Global sales of industrial displays increased at around 5.8% CAGR between 2017 and 2021. Total market valuation at the end of 2021 reached USD 5.8 billion. From 2022 to 2032, global industrial display demand will rise 4.9% CAGR, creating an absolute $ opportunity of USD 3.8 billion.
An industrial display is a type of electronic display designed for use in industrial environments. These displays are typically rugged, durable, and able to withstand harsh conditions such as extreme temperatures, humidity, dust, and vibrations.
Industrial displays are commonly used in manufacturing plants, warehouses, and other industrial settings to provide visual feedback on the status of machines, processes, and systems. They can also be used for monitoring and controlling operations, displaying production data, and providing real-time information to operators and technicians.
Industries are rapidly adopting robots for their manufacturing units to make them efficient and to cut down the overall cost of manufacturing. In 2018 the number of industrial robots in operation was around 3 million in 2020. By 2030 the number of robots in operation will be around 20 million.
Industrial displays are used for monitoring and controlling operations. They can also provide real-time data about the robots and their performance. Hence, increasing adoption of robots in the manufacturing sector will elevate industrial display demand.
The demand for high-quality displays in industrial settings is increasing due to the need for clear and accurate information. This is especially true for industries such as aerospace, automotive, and healthcare.
High adoption of Industry 4.0, which involves the integration of artificial intelligence (AI), and big data analytics will fuel industrial display sales. These displays are essential for real-time monitoring and control of production processes.
The need for automation in industries is increasing due to the benefits it offers in terms of increased efficiency, reduced labor costs, and improved safety. Industrial displays play a key role in facilitating automation by providing real-time data and control.
Also, touch-based displays are becoming increasingly popular in industrial settings as they allow for more intuitive and user-friendly interfaces. These displays are especially useful in applications where gloves or other protective gear are worn.
Regionally, North America will continue to dominate the global industrial display market. In 2022, North America industrial display market value reached USD 2.3 billion. Overall industrial display sales revenues in North America at the end of 2032 are likely to total USD 3.7 billion.
Increasing adoption of IoT, cloud computing, and big data analytics is spurring growth in North America market. Rising adoption of industrial displays in human-machine interfaces (HMIs) for controlling and monitoring industrial processes is also contributing to the expansion of the market.
Growing demand for advanced visualization solutions in the healthcare industry is likely to fuel industrial display demand. Further, high penetration of robots will create opportunities for industrial display manufacturers.
There were around 10,730 robot units sold in North America in 2018 which increased to around 39,708 robots in 2022. With adoption of robots in manufacturing, demand for industrial displays will increase at a steady pace during the assessment period.
This is because these displays are used for human-machine interfaces for controlling and monitoring the robots.
Principal Consultant
| Country | United States |
|---|---|
| Projected CAGR (2022 to 2032) | 3.8% |
| Historical CAGR (2017 to 2021) | 4.30% |
| Market Value (2032) | USD 2.9 billion |
| Country | United Kingdom |
|---|---|
| Projected CAGR (2022 to 2032) | 4.1% |
| Historical CAGR (2017 to 2021) | 4.70% |
| Market Value (2032) | USD 496.3 million |
| Country | China |
|---|---|
| Projected CAGR (2022 to 2032) | 5.9% |
| Historical CAGR (2017 to 2021) | 7.30% |
| Market Value (2032) | USD 847.5 million |
| Country | Japan |
|---|---|
| Projected CAGR (2022 to 2032) | 4.4% |
| Historical CAGR (2017 to 2021) | 5.10% |
| Market Value (2032) | USD 716.0 million |
| Country | South Korea |
|---|---|
| Projected CAGR (2022 to 2032) | 5.30% |
| Historical CAGR (2017 to 2021) | 6.50% |
| Market Value (2032) | USD 399.4 million |
Rising Adoption of Automation Fueling Industrial Display Demand in the United States
As per Future Market Insights, the United States will continue to lead the global market through 2032. Historically from 2017 to 2021, the United States industrial display market expanded at 4.3% CAGR.
Between 2022 and 2032, industrial display sales in the USA will rise at 3.8% CAGR. Total market valuation in the country is set to reach USD 2.9 billion by 2032.
Increasing penetration of automation and robotics is a key factor that will fuel industrial display demand in the USA.
The United States installed around 33,000 units of industrial robots in the year 2019 which increased to around 35,000 units in 2021.
With rising adoption of automation in the manufacturing sector for efficient production processes and reduced errors, demand for industrial displays will increase at a steady rate through 2032. This is because industrial displays are used for monitoring and controlling the robotic units in the manufacturing plant.
Growing Usage of Industrial Displays in Airports Driving the United Kingdom Market
The United Kingdom industrial display market UK is set to reach USD 496.3 million in 2032. It will generate an absolute $ opportunity of USD 164.6 million between 2022 and 2033.
From 2017 to 2021, industrial display demand in the United Kingdom grew at 4.7% CAGR. Over the projection period, industrial display sales in the country will increase at a CAGR of 4.1%.
Increasing adoption of industrial displays in airports and other public infrastructures is driving the United Kingdom market.
The United Kingdom has around 40 airports in operation with expansions to around 8 of the 40 airports. The country plans to fly around 150 million more passengers by expanding its capacity of airports.
Industrial displays are used in airports to display information such as destination and time of the flight. With the expansions proposed in the country, demand for industrial display is likely to increase at a steady pace during the assessment period.
Panel-Mount Monitors to Remain Highly Sought After Type
Based on type, demand is likely to remain high for panel-mount monitors during the projection period. The target segment exhibited a CAGR of 5.6% from 2017 to 2021. Over the next ten years, panel-mount monitor demand will rise at a CAGR of 4.8%.
Panel mount monitors are a type of industrial display that is designed to be mounted directly into an equipment panel or enclosure. These monitors are typically rugged and durable. They are able to withstand harsh environments and conditions such as dust, moisture, and extreme temperatures.
Panel mount monitors are commonly used in industrial automation and control applications, where they provide operators with real-time feedback on the status of machines and processes.
One of the advantages of panel mount monitors is that they can be integrated directly into equipment panels. This can save space and reduce installation time and costs. They also offer a clean and streamlined look, as the monitor is flush with the panel surface.
Panel mount monitors are used in a variety of industries such as manufacturing, transportation, and energy, where they are used for monitoring and controlling processes and systems. They also find usage in military and aerospace applications.
LCD Remains the Most Popular Technology
Based on technology, LCD remains the most commonly used technology in the market. The target segment expanded at 5.4% CAGR from 2017 to 2021. Between 2022 and 2032, LCD segment is forecast to expand at 4.7% CAGR.
LCD (Liquid Crystal Display) is a widely used display technology in industrial displays. LCDs use liquid crystal cells that can be manipulated to allow or block the passage of light through them. The cells are arranged in a matrix and controlled by thin-film transistors (TFTs) that allow each pixel to be individually addressed.
LCDs offer several advantages for industrial applications, including low power consumption, high resolution, and cost-effectiveness. They can also provide high contrast and wide viewing angles, making them suitable for applications where image quality is critical.
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Samsung Electronics Co., Ltd., E Ink Holdings Inc., AU Optronics Corp., Planar Systems, Innolux Corp., Hope Industrial System Inc., Panasonic Corp, Sharp Corp., Universal Display Corp., BOE Technology Group Co., Hannstar Display Corp., iTGA, TCL Display Technology Holdings Limited, NEC, Japan Display Inc., Advanced Co. Ltd, LG Display Co., Ltd., and Advantech are few of the leading industrial display manufacturers.
Leading manufacturers of industrial displays are investing heavily in research and development for introducing new and efficient products. They are also employing strategies such as partnerships, acquisitions, mergers, and facility expansions to gain profits.
Recent developments:
| Attribute | Details |
|---|---|
| Estimated Market Value (2022) | USD 6.1 billion |
| Projected Market Value (2032) | USD 9.9 billion |
| Anticipated Growth Rate (2022 to 2032) | 4.9% CAGR |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value, MT for Volume |
| Key Regions Covered | North America, Latin America, Europe, East Asia, South Asia, and the Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Argentina, Paraguay, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others. |
| Key Segments Covered | Type, Technology, End Users, and Region |
| Key Companies Profiled | LG Display Co., Ltd.; Samsung Electronics Co., Ltd.; AU Optronics Corp.; Innolux Corp.; Japan Display Inc.; Sharp Corp.; BOE Technology Group Co.; Hannstar Display Corp.; TCL Display Technology Holdings Limited; Universal Display Corp.; E Ink Holdings Inc.; Panasonic Corp, Planar Systems; NEC, Advanced Co.Ltd; Hope Industrial System Inc.; Advantech; iTG |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market valuation is USD 6.1 billion in 2022.
The market is estimated to reach USD 9.9 billion by the end of the forecast period.
The LCD technology holds high revenue potential.
The United States and the United Kingdom dominate the global market.
The market is expected to register a CAGR of 4.9% through 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 5.1. Rugged Displays 5.2. Open Frame Monitors 5.3. Panel-Mount Monitors 5.4. Marine Displays 5.5. Video Walls 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Technology 6.1. LCD 6.2. LED 6.3. OLED 6.4. E-Paper Display 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End User 7.1. Automotive and Aerospace 7.2. Healthcare 7.3. Transportation 7.4. Retail 7.5. BFSI 7.6. Government and Defence 7.7. Industrial 7.8. Others - Hospitality and Education 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. Middle East & Africa 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Middle East & Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. LG Display Co., Ltd. 16.2. Samsung Electronics Co., Ltd. 16.3. AU Optronics Corp. 16.4. Innolux Corp. 16.5. Japan Display Inc. 16.6. Sharp Corp. 16.7. BOE Technology Group Co. 16.8. Hannstar Display Corp. 16.9. TCL Display Technology Holdings Limited 16.10. Universal Display Corp. 16.11. E Ink Holdings Inc. 16.12. Panasonic Corp. 16.13. Planar Systems 16.14. NEC 16.15. Advanced Co.Ltd 16.16. Hope Industrial System Inc. 16.17. Advantech 16.18. iTG 17. Assumptions & Acronyms Used 18. Research Methodology
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Industrial Display Market
