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Global Industrial Display Market to Reach USD 8.16 Billion by 2027, Aided by the Rising Demand for HMI Devices

According to a new report by EMR titled, ‘Global Industrial Display Market Report and Forecast 2022-2027’, the global industrial display market reached a value of about USD 5.79 billion in 2021. The industry is further expected to grow at a CAGR of 5.87% in the forecast period of 2022-2027 to reach a value of nearly USD 8.16 billion by 2027.

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.

Market Analysis by Type, Application, Technology, Panel Size, End Use, and Regions:

  • The types in the market are rugged displays, open frame monitors, panel mount monitors, marine displays, and video walls.
  • The leading applications of the market are HMI, remote monitoring, interactive display, and digital signage.
  • The technologies involved in the market are LCD, LED, OLED, and e-paper.
  • Based on panel size, the market is categorised into up to 14”, 14-21", 21-40", and 40" and above.
  • The end-use of the market is manufacturing, mining and metals, chemical, oil and gas, energy and power, among others.
  • The regional markets for industrial display include North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa.

Key Findings of the Report:

  • The development of high-definition displays with curved edges and touch screens, brand promotion growth, and the expanding acceptance of IoT-based technologies are driving the worldwide industrial display market.
  • The growing adoption of the industrial internet of things (IIoT) is expected to increase market growth in the coming years.
  • Technological advancements that help to establish displays are offering massive opportunity for the market.
  • Advanced features offered by the displays such as radio frequency identification (RFID), ethernet connectivity, automatic touch detector and touch screen panels, and resistance to high temperature. This is projected to expand the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global industrial display market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecasted (2022-2027) markets for type, application, technology, panel size, end use, and major regions of industrial display.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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.

About Us

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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