Mexico Industrial Display Market Size & Outlook, 2023-2030
Mexico industrial display market, 2017-2030 (US$M)
Related Markets
Mexico industrial display market highlights
- The Mexico industrial display market generated a revenue of USD 172.3 million in 2023 and is expected to reach USD 232.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, panel-mount monitors was the largest revenue generating type in 2023.
- Open Frame Monitors is the most lucrative type segment registering the fastest growth during the forecast period.
Industrial display market data book summary
| Market revenue in 2023 | USD 172.3 million |
| Market revenue in 2030 | USD 232.0 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Panel-mount monitors |
| Fastest growing segment | Open Frame Monitors |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rugged Displays, Open Frame Monitors, Panel-Mount Monitors, Marine Displays, Video Walls |
| Key market players worldwide | Samsung Electronics Co Ltd, LG Display Co Ltd ADR, Advantech, Pepperl+Fuchs, Sharp Corp, Japan Display Inc, Siemens AG, Winmate Taiwan, Innolux, Planar Systems, Maple Systems |
Other key industry trends
- In terms of revenue, Mexico accounted for 3.1% of the global industrial display market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Mexico industrial display market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 232.0 million by 2030.
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Industrial Display Market Scope
Industrial Display Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico industrial display market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial display market will help companies and investors design strategic landscapes.
Panel-mount monitors was the largest segment with a revenue share of 29.37% in 2023. Horizon Databook has segmented the Mexico industrial display market based on rugged displays, open frame monitors, panel-mount monitors, marine displays, video walls covering the revenue growth of each sub-segment from 2017 to 2030.
The manufacturing sector in Mexico is expanding quickly as the Mexican government has implemented beneficial policies and programs, such as tax breaks and infrastructural improvements, to assist the expansion of the manufacturing sector, thereby making Mexico an increasingly popular location for companies looking to establish their presence in the region.
Hence, the demand for industrial displays is increasing in Mexico, as these displays act as essential parts of automated systems and control systems utilized in various sectors such as the automotive, aerospace, and electronics industries. In Mexico, cutting-edge display technology, including touchscreens, curved displays, and OLED displays, is expanding quickly.
Numerous applications, including HMIs, digital signs, and retail displays, use these displays. To meet the region's rising demand for industrial displays, some major display manufacturers, including Samsung and LG, are setting up factories there. This localization method enhances product quality and customization while lowering supply chain expenses.
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Target buyers of Mexico industrial display market databook
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Our clientele includes a mix of industrial display market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico industrial display market , including forecasts for subscribers. This country databook contains high-level insights into Mexico industrial display market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico industrial display market size, by type, 2017-2030 (US$M)
Mexico Industrial Display Market Outlook Share, 2023 & 2030 (US$M)
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