Market Size of Industrial Display Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 11.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Industrial Display Market Analysis
The industrial display market is expected to register a CAGR of 6.2% during the forecast period (2021 - 2026). Various factors such as the increasing demand for HMI devices, the rapid growth of LED-backlit technology and increasing demand for LCD-based display solutions, and the rapidly rising adoption of IIoT are expected to boost the market for industrial display forward.
- The market is primarily driven by the constant technological shift, the development of HD (high definition) displays with minimum bezels and touch screens. With the increased investments from major vendors across the globe towards the development of these displays for outdoor applications are also expected to provide a significant boost to the market.
- The display industry is also gaining importance on the account of innovative features offered by these displays, which include touch screen panels, automatic touch detector, Ethernet connectivity, radio frequency identification (RFID) and resistance to shock, high temperature, scratch, vibration, dust, and chemicals.
- The industrial displays also offer a huge investment opportunity to the players as these displays are an appropriate replacement for manual processes and the outdated push-button technology.
- However, the capital-intensive structure of the industrial display market could restrain the market growth making it difficult for players to exploit the opportunities in the cost-sensitive regional markets.
