In 2023, the industrial display system market was estimated to be worth USD 4.8 billion. With a compound yearly growth rate (CAGR) of 5.88%, the Industrial Display System Market is expected to increase from USD 5.1264 billion in 2024 to USD 8.1 billion by 2032. The main factors propelling the market expansion are the growing popularity of foldable and flexible panels, as well as the growing use of LED displays for digital signage and video walls.
There have been notable product advancements in the worldwide industrial display industry. Products with high-end specs have been developed as a result of the increasing competition among industrial display makers. Numerous upgraded qualities in display devices, like high resolution and readability, environmental stability, ruggedness, better contrast ratio, reduced power consumption, etc., have also been made possible by recent technical advancements.
Perspectives on Market Segments
Type, technology, size, component, application area, and end-use industry are the factors that have been used to segment the industrial display system market.
Rugged displays, panel-mount displays, open-frame displays, marine displays, video walls, and others are the several types of displays that make up the market.
The market has been divided into LED, LCD, OLED, E-Paper, and Others based on technology.
Small Displays (less than 14 inches), Medium Displays (14–21 inches), and Large Displays (more than 21 inches) are the three size-based market segments.
Displays, Touchscreen Panels, Controllers, Software, Mounting Solutions, and Others are the market segments based on the component.
Human-Machine Interface (HMI), Remote Monitoring, Interactive Display Systems, Digital Signage, Kiosks, and Others are the market segments based on the application area.
Healthcare, Avionics, Military, Agriculture, Transportation, Food & Beverage, Retail, and Others are the market segments based on the end-use industry.
Regional Perspectives
The market is divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America based on geographic location. With a market value of USD 2,558.8 million in 2023, Asia-Pacific held the biggest market share and is expected to rise at a compound annual growth rate (CAGR) of 7.6% throughout the course of the forecast period.
Due to increased investment in IIoT applications and the potential for multi-featured HMI devices to accelerate the industry's adoption of industrial display capabilities, the European industrial display system market holds the second-largest market share.
From 2023 to 2032, the Asia-Pacific Industrial Display System Market is anticipated to expand at the quickest compound annual growth rate. This is a result of consumers' growing disposable money, the existence of large firms, and their ongoing research and development activities.
Key Players
Samsung Electronics Co. Ltd., LG Display Co. Ltd., Panasonic Corporation, Schneider Electric SE, Siemens AG, Advantech, Rockwell Automation Inc., Sharp Corporation, Mistral Solutions Pvt. Ltd., and ARBOR Technology Corp. are important players in the industrial display system industry.
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