About Industrial Monitors
Industrial monitors are widely used in a variety of industrial applications such as smart factories, mining operations, marine ports, food and beverage, oil rigs, and energy management. The ruggedness of industrial display differentiates these monitors from residential and commercial monitors. Industrial monitors are usually made of rugged materials to withstand the impact of harsh environments in both indoor and outdoor applications.
Technavio’s analysts forecast the global industrial monitors market to grow at a CAGR of 2.61% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial monitors market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of industrial monitors.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Monitors Market 2017-2021
Technavio recognizes the following companies as the key players in the global industrial monitors market: AAEON, Advantech, Hope Industrial Systems, Rockwell Automation, and Siemens
Other Prominent Vendors in the market are: Axiomtek, Barco, Beckhoff Automation, Computer Dynamics (CIMTEC Automation), Edge Electronics, Honeywell, Kontron, Litemax Electronics, National Instruments, OmniVision Technologies, Pepperl+Fuchs, RGB Spectrum, SECU6, and Sparton
Commenting on the report, an analyst from Technavio’s team said: “Since modern automation systems need to monitor many applications, the technologically advanced monitors are used with low response times. Hence, manufacturers have started designing impulse-type displays with the adjustment of pixel and backlight scanning to produce crisp images. This results in a low motion blur and optimized image performance.”
According to the report, the rising complexity of industrial process has led to the evolution of SCADA and Distributed Control System (DCS)-based systems for factory automation in the past few years. SCADA and DC-based systems are widely employed in a variety of industries such as oil and gas, mining, power, and automotive to remotely control the physical processes and therefore, require display monitors to survey and control the process parameters continuously. Hence, the industrial monitors market is expected to increase along with the deployment of SCADA during the forecast period.
Further, the report states that the demand for any industrial products is highly dependent on the macroeconomic business cycle. For example, during 2014-2015, the decline in crude oil prices by 50% created a contraction in investments in the oil and gas and allied industries, resulting in less demand for industrial monitors. In addition, due to the economic slowdown, many manufacturers faced disruption in payments, thereby, affecting the overall industry's ecosystem and its operations.
AAEON, Advantech, Hope Industrial Systems, Rockwell Automation, Siemens, Axiomtek, Barco, Beckhoff Automation, Computer Dynamics (CIMTEC Automation), Edge Electronics, Honeywell, Kontron, Litemax Electronics, National Instruments, OmniVision Technologies, Pepperl+Fuchs, RGB Spectrum, SECU6, Sparton.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook