The global large industrial displays market is anticipated at USD 2.7 billion in 2022. Demand is likely to remain high for large industrial displays during the assessment period. This is due to the rapid technological advances in industrial display technology garnering USD 5.2 billion in 2033, recording a CAGR of 6.4% from 2023 to 2033. The market is likely to secure USD 2.8 billion in 2023.
| Data Points | Key Statistics |
|---|---|
| Large Industrial Displays Market Size Value in 2023 | USD 2.8 billion |
| Large Industrial Displays Market Forecast Value in 2033 | USD 5.2 billion |
| Global Growth Rate | 6.4% |
| Forecast Period | 2023 to 2033 |
Key Factors Shaping the Demand Outlook of the Large Industrial Displays Industry:
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| Historical CAGR (2018 to 2022) | 5.6% |
|---|---|
| Forecasted CAGR (2023 to 2033) | 6.4 % |
The global large industrial displays market is anticipated to exhibit a CAGR of approximately 6.4% over the forecast period 2023 to 2033.
Recent advancements in light emitting diode (LED) backlit and liquid-crystal display (LCD) based display solutions, rising acquisition of Internet of Things (IoT) based devices, and the increasing demand from digital signage applications will positively influence the demand outlook for the forecast period.
Some of the leading industrial display manufacturers are striving to bolster their footprint via strategies such as innovating and developing advanced products.
For instance, in 2020, Advantech, a leading industrial computing platform provider, announced the launch of its new TPC-300 series-the subsequent generation of its widely accepted TPC industrial panel PC concentrated on IoT applications and machine automation.
Its key features include, a true-flat touchscreen with an IP66-rated front panel, supports panel and VESA mounting for convenient installation n, a comprehensive operating temperature range and others which facilitates skyrocketing sales in the market.
With improved research & developmental strategies and innovations in the product portfolio, the global large industrial displays market is estimated to gain impetus over the forecast period.
Launch of Digital Signage and New Products Propelling the Large Industrial Displays Market Growth
Significant market players such as Advantech Co., Ltd., Leyard, NEC Display Solutions, Ltd., and Delta Electronics, Inc., are concentrating more on the growth of large industrial display product portfolios through launching new products and distribution agreements. For example-
In 2015, Leyard acquired all the common stocks of Planar System, Inc., a specialist in the production and development of large industrial displays.
In 2018, NEC Display Solutions acquired S[quadrat] GmbH, a prominent provider of LED solutions. The company is expanding its display technology portfolio to include LED systems for indoor and outdoor solutions.
Emerging Applications of Flexible Displays
New grounds within industries are evolving with the addition of electronics and technologies for the development of the large industrial display market. The consumer preference towards a single board computer integration i.e. all-in-one concept and a user-friendly touch monitor, is designed to serve as a reliable and flexible platform, which is anticipated to result in the healthy growth of the large industrial displays market.
As the billboard industry continues to face the heat of environmental regulations, large industrial displays remain sought-after as they provide an effective means of communication. Furthermore, as industrial robotics and automation are gathering pace, high-performance large industrial displays are becoming a necessity for the visibility of real-time data that drives productivity.
Surging demand for human-machine interface devices to monitor manufacturing processes is likely to impart a new dimension to applications of large industrial displays. Design differentiation will remain a key focus area for manufacturers, aiming for sales closure, which has initiated the entry of a series of new-age displays - flexible, foldable, and slimmer.
The Increasing Automation to Boost the Growth of Large Industrial Display Market in the Region
The global large industrial display market is expected to be dominated by North America. The global large industrial display market is expected to be dominated by North America. The market is anticipated to expand at a CAGR of 6.2% and is expected to accumulate a market value of USD 4.8 billion over the forecast period.
North America has been at the forefront of industrial automation adoption, with industries across various sectors embracing advanced technologies and digitization. This has led to a higher demand for large industrial displays to visualize and monitor complex data and processes.
Increasing automation, the increasing demand for safer and more effective workplaces, and rising expenditures on cutting-edge technology are likely to drive the large industrial display market in North America.
Growing Technological Advances in the Region to Boost the Growth of the Market
The large industrial display sales in the United Kingdom are expected to keep rising with a CAGR of 6.1% and are expected to gain a market value of USD 4.2 billion by the end of the forecast period.
Growing technological advancements and innovation in the region and development of high-quality large industrial displays with advanced features such as high resolutions, enhanced colour accuracy, touchscreens, and ruggedized designs. These advancements have contributed to the growth of the market in Europe.
Growing Industrialization to Drive the Growth of the Market in Asia Pacific.
Asia Pacific’s large industrial display market is expected to rise at 6.3% CAGR between 2023 to 2033. The market is expected to gain a market value of USD 6.3 billion by the end of the forecast period. The large industrial display is driven by increasing industrial activities, economic development, and environmental regulations.
Increasing automation and digitalization across various industries, including manufacturing, healthcare, and the automobile industry are expected to drive the growth of the large industrial displays market. Increased demand for large industrial displays in countries like China, India & Japan is likely to boost market sales.
Video Wall Segment to Remain Prominent During the Forecast Period
By product type, the large industrial display market segment includes open frame displays, panel mount displays, industrial monitors and Video walls. Among these, the video wall segment is expected to dominate the market in the forecast period. The segment is projected to account for a CAGR of 6.2% during the forecast period.
The increasing demand for video walls can be directly related to the global development of OLED technology. The growing influences such as green technology and safety security concerns are anticipated to boost the development of the large industrial displays market.
OLED Segment Generates High Revenue
Based on the technology, the market is segmented into LED, LCD, and OLED segments. Among all these LCD segments remains the top technology category and are expected to expand with a CAGR of 6.1% throughout the forecast period.
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.
Some of the start-up players and their recent development in the Large Industrial Display market are listed below-
Some prominent companies in the large industrial displays market are Samsung Display
The large industrial displays market is an average-fragmented market with global and regional market players. The strategic focus of key players is to uphold the expansion of agreements and distribution partnerships for global market growth.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.4% from 2023 to 2033 |
| Market Value in 2023 | USD 2.8 billion |
| Market Value in 2033 | USD 5.2 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Technology, Size, End-Use Industry, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, GCC, South Africa, Israel |
| Key Companies Profiled | Samsung Display; LG Display Co., Ltd.; Advantech Co., Ltd.; Pepperl+Fuchs GmbH; WinMate, Inc.; Planar Systems, Inc.; Maple Systems, INC.; Sharp NEC Display Solutions, Ltd.; Innolux Corporation; Japan Display, Inc.; Siemens AG |
The global large industrial displays market is valued at USD 2.8 billion in 2023.
LG Display Co., Ltd., Advantech Co., Ltd., and Pepperl+Fuchs GmbH are the key industry players.
The large industrial displays market is set to surge at a CAGR of 6.4% until 2033.
The video wall segment is likely to lead the market until 2033.
Growing demand for interface devices in manufacturing is driving the industry sales.
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Large Industrial Displays Market
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