Due to the growing popularity of LED and LCDs and the growing need for HMI devices, the industry has grown at a promising rate in recent years. In the near future, increased consumer demand for high-specification display solutions is also expected to benefit the global industrial display industry. With improved picture quality and reduced battery usage, OLED displays are projected to become more popular. The technology is commonly utilised in digital signage and display boards to show factory floor operational status. The high adoption rate of automated processes and technologies in diverse industries globally is driving the industrial display market. Moreover, robust display screen and availability of wireless connection are some factors fuelling the growth of the industrial display market. The high demand for industrial displays in military applications and well-established automotive industries across various regions is expected to boost the market growth. In addition, the growing demand for digital signage applications in industries for displaying necessary information creates opportunities for the industrial display market.
Companies invest heavily in research and development activities to design technologically enhanced displays and offer distinguished products compared to their competitors. Mergers and Acquisitions (M&A), strategic agreements, and multiple partnership agreements are other growth strategies adopted by players to increase their product offering and expand their distribution platform. For example, in January 2017, LG (NYSE: LPL) launched 55" FHD transparent OLED displays, 77" UHD double-sided OLED displays, and pillar-type commercial displays that combine six 77" UHD OLED panels.
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The major players in the global industrial display industry are LG Display Co., Ltd., Samsung Display, Advantech Co., Ltd., WinMate, Inc., and Maple Systems, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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