Published Date: 31-Jul-2022
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report, published by KBV research, The Global Industrial Display Market size is expected to reach $7.2 billion by 2028, rising at a market growth of 6.9% CAGR during the forecast period.
The OLED & E-paper segment is showcasing a CAGR of 7.5% during (2022 - 2028). It is because they are made of an organic light-emitting material and do not require the backlighting or filtering systems. The primary reasons for using OLED displays in industrial displays are their low power, high brightness, and higher contrast ratio. OLED technologies are gaining traction in general illumination applications due to their improved performance and broad light source coverage.
The Panel-Mount Monitors segment acquired maximum revenue share in the Global Industrial Display Market by Type in 2021 thereby, achieving a market value of $2.3 billion by 2028. Its popularity can be attributed to the device's variety of applications, ease of availability, and low cost. Panel-mount industrial displays are primarily used for operational process control in production facilities. An LCD or touch screen can be mounted through a hole in a panel, door, dashboard, or another surface.
The Energy & Power segment has shown the growth rate of 6.7% during (2022 - 2028). The plant operator can monitor and control the operation more effectively due to the use of industrial touch monitors. Industrial touchscreen displays are particularly suited for usage in thermal, hydro, nuclear, and solar power plants. Installation of industrial touch monitors and industrial input devices such as rugged keyboards with touchpads and trackballs are required to connect various energy systems that are utilized for data collecting, energy monitoring, and initiating operations to improve the production of energy.
The 14-21” segment is leading the Global Industrial Display Market by Panel Size in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.6 billion by 2028. Due to the rising demand for rugged hand - held devices, tablet devices, and touch screens have fueled demand for the 14-21" segment. Furthermore, TFT, LCD, or plasma developments are frequently employed, and the 14"–21" panel size is excellent for common industrial applications and factory applications.
The Interactive Display segment is exhibiting a CAGR of 7.5% during (2022 - 2028). It is due to the increase in the use of touchscreen tables and video walls in the hospitality and business sectors. Furthermore, interactive displays contribute to the preservation of a positive communication environment in the classroom by empowering group learning, involvement, and innovation, as well as responses both between students and professors but also among students.
The North America market dominated the Global Industrial Display Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.4 billion by 2028. The Europe market is exhibiting a CAGR of 6.5% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 7.4% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Samsung Display Co., Ltd. (Samsung Electronics Co. Ltd.), LG Display Co., Ltd. (LG Corporation), Leyard Optoelectronic Co. (Planar Systems, Inc.), Advantech Co., Ltd., Siemens AG, Sharp NEC Display Solutions, Ltd. (Sharp Corporation), Pepperl + Fuchs Group, Japan Display, Inc., Winmate, Inc., and Maple Systems, Inc.
By Panel Size
Unique Offerings from KBV Research