The global industrial display market size is forecast to increase from US$ 6.1 billion in 2022 to US$ 9.9 billion by 2032. Overall sales of industrial displays will increase at a CAGR of 4.9% from 2022 to 2032.
The rising adoption of industrial displays in the manufacturing sector globally will drive the market. Similarly, new product launches will have a positive impact on market development.
An electronic display called an industrial display is one made specifically for use in industrial settings. Extreme temperatures, humidity, dust, and vibrations are a few of the challenging conditions that these displays are able to withstand.
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Industrial displays are frequently used in manufacturing facilities, distribution centers, and other industrial settings to show visual feedback on the status of equipment, systems, and processes.
Industrial displays can be used for monitoring and managing processes, showing production data, and giving technicians and operators up-to-date information. Widening applications of industrial displays across industries such as automotive, BFSI, healthcare, and defense will boost sales.
High adoption of automation is another key factor that will propel industrial display demand. Industrial displays are essential for enabling automation because they offer real-time data & control.
Further, burgeoning demand for human-machine interface devices will support expansion of the global industrial display market.
Key Takeaways from the Industrial Display Market Report:
The global industrial display market is expected to witness steady growth, with sales projected to increase at a compound annual growth rate (CAGR) of 4.9% during the forecast period. Panel-mount monitors are anticipated to drive this growth further, expanding at a CAGR of 4.8% through 2032. LCD technology will play a significant role, with the segment poised to thrive at a CAGR of 4.7% between 2022 and 2032. Notably, the United States industrial display market is forecasted to surpass the US$ 2.9 billion mark by 2032, reflecting a robust trajectory. In Japan, industrial display demand is expected to surge at a CAGR of 4.4%, while the United Kingdom's market size is set to reach US$ 496.3 million by 2032. Meanwhile, China's industrial display market is poised for substantial growth, with demand expected to thrive at a CAGR of 5.9% through 2032. These trends indicate a promising outlook for the industrial display sector across various regions globally.
Leading Key Players:
Key players in the industrial display market include 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, and iTG. These companies are at the forefront of developing and supplying cutting-edge display solutions tailored for industrial applications, catering to diverse needs such as ruggedness, high resolution, and reliability.
