Summary
Industrial Display System Market Research Report Information By Technology (into LED, LCD, OLED, E-Paper, and Others), By Type (Rugged Displays, Panel-Mount Displays, Open-Frame Displays, Marine Displays, Video Walls, and Others), By Application (Human-Machine Interface (HMI), Remote Monitoring, Interactive Display Systems, Digital Signage, Kiosks, and Others), By Size (Small Displays (Less than 14 inches), Medium Displays (14-21 inches), and Large Displays (More than 21 inches)), By Component (Displays, Touchscreen Panels, Controllers, Software, Mounting Solutions, and Others) And By End Use Industry (Healthcare, Avionics, Military, Agriculture, Transportation, Food & Beverage, Retail, and Others) Forecast 2032
Market Overview
In 2023, the industrial display system market was estimated to be worth USD 4.8 billion. During the forecast period, the Industrial Display System Market industry is expected to experience a compound annual growth rate (CAGR) of 5.88%, increasing from USD 5.1264 Billion in 2024 to USD 8.1 Billion by 2032. Key market drivers that are fostering market growth include the increased adoption of foldable and flexible panels, as well as the increased use of LED displays for digital signage systems and video walls.
Significant product developments have been observed in the global industrial display market. The development of products with high-end specifications has been facilitated by the increasing competition among industrial display manufacturers. Display devices have been equipped with a variety of advanced features, including high resolution and legibility, environmental stability, ruggedness, an enhanced contrast ratio, and low power consumption, as a result of recent technological advancements.
Market segment insights
Type, technology, dimension, component, application area, and end-use industry comprise the Industrial Display System market.
The market is segmented into the following categories: Rugged Displays, Panel-Mount Displays, Open-Frame Displays, Marine Displays, Video Walls, and Others.
The market has been segmented into LED, LCD, OLED, E-Paper, and Others, as determined by technology.
The market is divided into three categories: Small Displays (less than 14 inches), Medium Displays (14-21 inches), and Large Displays (more than 21 inches). This classification is based on display dimensions.
The market is divided into the following categories: Controllers, Software, Mounting Solutions, Displays, Touchscreen Panels, and Others.
The market is segmented into the following categories: Remote Monitoring, Interactive Display Systems, Digital Signage, Kiosks, and Others, based on the application area.
The market is segmented into the following industries: Healthcare, Avionics, Military, Agriculture, Transportation, Food & Beverage, Retail, and Others in accordance with the end use.
Regional Perspectives
The market is divided into five regions: North America, Europe, Asia-Pacific, Middle East & Africa, and South America. In 2023, the Asia-Pacific region held the largest market share, with a market value of USD 2,558.8 million. This figure is expected to increase at a compound annual growth rate (CAGR) of 7.6% during the forecast period.
The second-largest market share in the Europe Industrial Display System Market is attributed to the increasing investment in IIoT applications and the potential for multi-featured HMI devices to expedite the adoption of industrial display capabilities in this industry.
The Asia-Pacific Industrial Display System Market is anticipated to experience the most rapid rate of growth from 2023 to 2032. This is a result of the continuous R&D operations of large manufacturers, the presence of large manufacturers, and the increased disposable income of consumers.
Major 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 among the primary companies in the Industrial Display System market.
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Table of Contents
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY ............................................................................................................... 22
2 MARKET INTRODUCTION ............................................................................................................ 25
2.1 DEFINITION .................................................................................................................................................................. 25
2.2 SCOPE OF THE STUDY .............................................................................................................................................. 25
2.3 RESEARCH OBJECTIVE ............................................................................................................................................ 25
2.4 MARKET STRUCTURE .............................................................................................................................................. 26
3 RESEARCH METHODOLOGY ...................................................................................................... 27
3.1 OVERVIEW .................................................................................................................................................................... 27
3.2 DATA FLOW .................................................................................................................................................................. 29
3.2.1 Data Mining Process ....................................................................................................................................... 29
3.3 PURCHASED DATABASE: ......................................................................................................................................... 30
3.4 SECONDARY SOURCES: ............................................................................................................................................ 31
3.4.1 Secondary Research data flow: ........................................................................................................................ 32
3.5 PRIMARY RESEARCH: ............................................................................................................................................... 33
3.5.1 Primary Research DATA FLOW: ....................................................................................................................... 34
3.5.2 Primary Research: Number of Interviews conducted ........................................................................................ 35
3.5.3 Primary Research: Regional Coverage ............................................................................................................. 35
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: ........................................................................................... 36
3.6.1 Revenue Analysis Approach ............................................................................................................................ 36
3.7 DATA FORECASTING................................................................................................................................................. 37
3.7.1 Data forecasting Technique ............................................................................................................................ 37
3.8 DATA MODELING ........................................................................................................................................................ 38
3.8.1 microeconomic factor analysis: ....................................................................................................................... 38
3.8.2 Data modeling: ............................................................................................................................................... 39
3.9 TEAMS AND ANALYST CONTRIBUTION ........................................................................................................... 41
4 MARKET DYNAMICS .................................................................................................................... 43
4.1 INTRODUCTION ........................................................................................................................................................... 43
4.2 DRIVERS ......................................................................................................................................................................... 44
4.2.1 The growing popularity of multi-featured human-machine interface (HMI) devices. ............................................ 44
4.2.2 The increasing use of automation and the internet of things (IoT) ..................................................................... 44
4.3 RESTRAINTS ................................................................................................................................................................ 45
4.3.1 The high initial and ongoing costs of industrial displays ................................................................................... 45
4.4 OPPORTUNITY ............................................................................................................................................................. 48
4.4.1 Growing demand from digital signage applications .......................................................................................... 48
4.4.2 Surging new product launches ......................................................................................................................... 48
4.4.3 Increased investments from major vendors across the globe ............................................................................ 49
4.5 COVID-19 IMPACT ANALYSIS ................................................................................................................................ 50
5 MARKET FACTOR ANALYSIS ...................................................................................................... 52
5.1 VALUE CHAIN ANALYSIS ....................................................................................................................................... 52
5.1.1 Raw Materials and Components ...................................................................................................................... 52
5.1.2 Assemblers/Integrators .................................................................................................................................. 53
5.1.3 Quality Control and Testing ............................................................................................................................. 53
5.1.4 End User ........................................................................................................................................................ 53
5.2 PORTERS FIVE FORCES ............................................................................................................................................ 54
5.2.1 Threat of new entrants .................................................................................................................................... 54
5.2.2 Bargaining power of suppliers ......................................................................................................................... 54
5.2.3 Threat of substitutes ...................................................................................................................................... 55
5.2.4 Bargaining power of buyers ............................................................................................................................. 55
5.2.5 Intensity of rivalry ........................................................................................................................................... 55
6 GLOBAL INDUSTRIAL DISPLAY SYSTEM MARKET, BY TYPE .................................................. 57
6.1 OVERVIEW .................................................................................................................................................................... 57
6.2 RUGGED DISPLAYS..................................................................................................................................................... 58
6.3 PANEL-MOUNT DISPLAYS ...................................................................................................................................... 59
6.4 OPEN-FRAME DISPLAYS ......................................................................................................................................... 59
6.5 MARINE DISPLAYS .................................................................................................................................................... 59
6.6 VIDEO WALLS .............................................................................................................................................................. 59
6.7 OTHERS .......................................................................................................................................................................... 60
7 GLOBAL INDUSTRIAL DISPLAY SYSTEM MARKET, BY TECHNOLOGY ................................... 61
7.1 OVERVIEW .................................................................................................................................................................... 61
7.2 LED ................................................................................................................................................................................... 62
7.3 LCD ................................................................................................................................................................................... 63
7.4 OLED ................................................................................................................................................................................ 63
7.5 E-PAPER ........................................................................................................................................................................ 64
7.6 OTHERS .......................................................................................................................................................................... 64
8 GLOBAL INDUSTRIAL DISPLAY SYSTEM MARKET, BY SIZE .................................................... 65
8.1 OVERVIEW .................................................................................................................................................................... 65
8.2 SMALL DISPLAYS (LESS THAN 14 INCHES) ...................................................................................................... 66
8.3 MEDIUM DISPLAYS (14-21 INCHES) ..................................................................................................................... 66
8.4 LARGE DISPLAYS (MORE THAN 21 INCHES) .................................................................................................... 67
9 GLOBAL INDUSTRIAL DISPLAY SYSTEM MARKET, BY COMPONENT ..................................... 68
9.1 OVERVIEW .................................................................................................................................................................... 68
9.2 DISPLAYS ...................................................................................................................................................................... 69
9.3 TOUCHSCREEN PANELS .......................................................................................................................................... 70
9.4 CONTROLLERS ............................................................................................................................................................. 70
9.5 SOFTWARE ................................................................................................................................................................... 70
9.6 MOUNTING SOLUTIONS ........................................................................................................................................... 70
9.7 OTHERS .......................................................................................................................................................................... 70
10 GLOBAL INDUSTRIAL DISPLAY SYSTEM MARKET, BY APPLICATION AREA .......................... 71
10.1 OVERVIEW .................................................................................................................................................................... 71
10.2 HUMAN-MACHINE INTERFACE (HMI) ............................................................................................................... 72
10.3 REMOTE MONITORING ............................................................................................................................................. 73
10.4 INTERACTIVE DISPLAY SYSTEMS ...................................................................................................................... 73
10.5 DIGITAL SIGNAGE....................................................................................................................................................... 73
10.6 KIOSKS ........................................................................................................................................................................... 73
10.7 OTHERS .......................................................................................................................................................................... 73
11 GLOBAL INDUSTRIAL DISPLAY SYSTEM MARKET, BY END USE INDUSTRY ......................... 74
11.1 OVERVIEW .................................................................................................................................................................... 74
11.2 HEALTHCARE .............................................................................................................................................................. 75
11.3 AVIONICS ....................................................................................................................................................................... 77
11.4 MILITARY ...................................................................................................................................................................... 77
11.5 AGRICULTURE ............................................................................................................................................................. 78
11.6 TRANSPORTATION .................................................................................................................................................... 78
11.7 FOOD & BEVERAGE ..................................................................................................................................................... 79
11.8 RETAIL ........................................................................................................................................................................... 79
11.9 OTHERS .......................................................................................................................................................................... 79
12 GLOBAL INDUSTRIAL DISPLAY SYSTEM MARKET, BY REGION .............................................. 80
12.1 OVERVIEW .................................................................................................................................................................... 80
12.1.1 Global INDUSTRIAL DISPLAY SYSTEM market, by Region, 2023 VS 2032 (USD MILLION) .................................... 81
12.1.2 Global INDUSTRIAL DISPLAY SYSTEM market, BY Region, 2019–2032 (USD mILLION) ....................................... 81
12.2 NORTH AMERICA ....................................................................................................................................................... 82
12.2.1 US.................................................................................................................................................................. 88
12.2.2 CANADA ........................................................................................................................................................ 91
12.2.3 MEXICO ......................................................................................................................................................... 94
12.3 EUROPE .......................................................................................................................................................................... 97
12.3.1 UK ................................................................................................................................................................. 103
12.3.2 GERMANY ...................................................................................................................................................... 106
12.3.3 FRANCE ......................................................................................................................................................... 109
12.3.4 ITALY ............................................................................................................................................................. 112
12.3.5 SPAIN ............................................................................................................................................................ 115
12.3.6 RUSSIA .......................................................................................................................................................... 118
12.3.7 REST OF EUROPE ............................................................................................................................................ 121
12.4 ASIA-PACIFIC ............................................................................................................................................................... 124
12.4.1 CHINA ............................................................................................................................................................ 130
12.4.2 JAPAN ........................................................................................................................................................... 133
12.4.3 INDIA ............................................................................................................................................................. 136
12.4.4 SOUTH KOREA ................................................................................................................................................ 139
12.4.5 INDONESIA ..................................................................................................................................................... 142
12.4.6 THAILAND ...................................................................................................................................................... 145
12.4.7 MALAYSIA ..................................................................................................................................................... 148
12.4.8 REST OF ASIA-PACIFIC ................................................................................................................................... 151
12.5 MIDDLE EAST & AFRICA .......................................................................................................................................... 154
12.5.1 GCC COUNTRIES............................................................................................................................................. 160
12.5.2 SOUTH AFRICA ............................................................................................................................................... 163
12.5.3 REST OF MIDDLE EAST & AFRICA .................................................................................................................... 166
12.6 SOUTH AMERICA ....................................................................................................................................................... 169
12.6.1 BRAZIL ........................................................................................................................................................... 175
12.6.2 ARGENTINA ................ 178
12.6.3 REST OF SOUTH AMERICA........................................................... 181
13 COMPETITIVE LANDSCAPE................................. 185
13.1 INTRODUCTION ........................ 185
13.2 COMPETITOR DASHBOARD......... 186
13.3 PUBLIC PLAYERS STOCK SUMMARY.................................. 187
13.4 COMPANY MARKET SHARE ANALYSIS, 2023 (VALUE) ............................................................................... 188
13.5 COMPANY MARKET SHARE ANALYSIS, 2023 (VOLUME) ........................................................................... 188
13.6 KEY DEVELOPMENTS & GROWTH STRATEGIES ............................................................................................ 189
13.6.1 New Product launch/ Development...................................... 189
13.6.2 Partnership/Collaboration, Investment, Expansion, and Others .......................................................................... 190
14 COMPANY PROFILES........................................... 191
14.1 ADVANTECH CO., LTD. .............................................................................. 191
14.1.1 COMPANY OVERVIEW............................................................. 191
14.1.2 FINANCIAL OVERVIEW..................................................... 192
14.1.3 PRODUCTS Offered......................................................... 193
14.1.4 KEY DEVELOPMENTS..................................................... 193
14.1.5 SWOT ANALYSIS ......... 194
14.1.6 Key Strategies ............. 194
14.2 ROCKWELL AUTOMATION, INC........................................ 195
14.2.1 COMPANY OVERVIEW..................................................... 195
14.2.2 FINANCIAL OVERVIEW.................................................. 196
14.2.3 PRODUCTS Offered...................................................... 196
14.2.4 KEY DEVELOPMENTS................................................. 197
14.2.5 SWOT ANALYSIS ............. 198
14.2.6 Key Strategies .............. 198
14.3 SHARP CORPORATION ........... 199
14.3.1 Company Overview ....... 199
14.3.2 Financial Overview ....... 200
14.3.3 Products Offered .......... 200
14.3.4 Key Developments ......... 201
14.3.5 SWOT Analysis .............. 202
14.3.6 Key Strategies ............. 202
14.4 MISTRAL SOLUTIONS PVT. LTD........................................ 203
14.4.1 COMPANY OVERVIEW............................................................ 203
14.4.2 FINANCIAL OVERVIEW................................................ 204
14.4.3 PRODUCTS OFFERed....... 204
14.4.4 KEY DEVELOPMENTS..................................................... 205
14.4.5 SWOT ANALYSIS................................................... 205
14.4.6 Key Strategies............................................................. 205
14.5 ARBOR TECHNOLOGY CORP................................................ 206
14.5.1 COMPANY OVERVIEW...................................................... 206
14.5.2 FINANCIAL OVERVIEW............................................................ 207
14.5.3 PRODUCTS Offered............................................................ 207
14.5.4 KEY DEVELOPMENTS............................................ 207
14.5.5 SWOT ANALYSIS.............................................................. 208
14.5.6 Key Strategies ............. 208
14.6 SAMSUNG ELECTRONICS CO., LTD........................................... 209
14.6.1 COMPANY OVERVIEW.......................................................... 209
14.6.2 FINANCIAL OVERVIEW.................................................. 210
14.6.3 PRODUCTS Offered .......................................................................... 210
14.6.4 KEY DEVELOPMENTS............................................... 211
14.6.5 SWOT ANALYSIS................................................................... 212
14.6.6 Key Strategies ............. 212
14.7 LG DISPLAY CO., LTD. ............. 213
14.7.1 COMPANY OVERVIEW........................................................ 213
14.7.2 FINANCIAL OVERVIEW..................................................................... 214
14.7.3 PRODUCTS Offered............................................................... 214
14.7.4 KEY DEVELOPMENTS............................................................. 215
14.7.5 SWOT ANALYSIS........................................................... 216
14.7.6 Key Strategies............................................................... 217
14.8 PANASONIC CORPORATION........................................... 218
14.8.1 COMPANY OVERVIEW.................................................... 218
14.8.2 FINANCIAL OVERVIEW............................................................. 219
14.8.3 PRODUCTS Offered........................................................ 219
14.8.4 KEY DEVELOPMENTS................................................... 220
14.8.5 SWOT ANALYSIS ......... 220
14.8.6 Key Strategies ............ 220
14.9 SCHNEIDER ELECTRIC .......... 221
14.9.1 COMPANY OVERVIEW..................................................... 221
14.9.2 FINANCIAL OVERVIEW.................................................... 222
14.9.3 PRODUCTS Offered............................................................ 223
14.9.4 KEY DEVELOPMENTS............................................................... 224
14.9.5 SWOT ANALYSIS................................................................... 225
14.9.6 Key Strategies ............. 225
14.10 SIEMENS AG........................................................................... 226
14.10.1 COMPANY OVERVIEW............................................ 226
14.10.2 FINANCIAL OVERVIEW......................................................... 227
14.10.3 PRODUCTS Offered......................................................... 227
14.10.4 KEY DEVELOPMENTS........................................................ 228
14.10.5 SWOT ANALYSIS ........ 228
14.10.6 Key Strategies ............. 229
DATA CITATIONS ............................... 231