Industrial Display Market Size, Share & Trends Analysis Report By Type (Rugged, Open Frame), By Application (HMI, Remote Monitoring), By Technology, By Panel Size, By End-use, By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global industrial display market size was valued at USD 5,273.0 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030. The rising penetration of multi-featured human-machine interface (HMI) devices, increasing adoption of the Industrial Internet of Things (IIoT), and proliferation of smart industrial displays are some of the factors contributing to the market growth. The industry is gaining prominence on account of innovative features offered by the displays, which include automatic touch detectors & touch screen panels, radio frequency identification (RFID); ethernet connectivity, resistance to high temperature, shock, vibration, dust, scratch, and chemicals.

The industry offers a huge investment opportunity as the displays are a suitable replacement for manual processes and outdated push-button technology. It has benefitted from technological advancements in areas such as the Industrial Internet of Things (IIoT), which has improved the effectiveness of predictive analytics. For instance, displays equipped with IIoT sensors can provide real-time data on machine performance and other critical parameters, allowing operators to make data-driven decisions quickly.

This helps identify potential issues and reduce downtime, thereby increasing production efficiency. Manufacturers leverage these capabilities to enhance productivity and remain competitive in the global market. Countries like the U.S. and China have adopted predictive analytics to improve their manufacturing processes on a large scale. This trend is expected to continue with the increasing use of predictive analytics solutions for predictive maintenance, asset management, and remote monitoring in the manufacturing industry.

The industrial sector is constantly evolving and adapting to changing needs, with technological advancements driving this progress. Some of the latest innovations in the industry include Thin-Film-Transistor (TFT) Liquid Crystal Display (LCD), Low-Temperature Poly-Silicon (LTPS), Digital Light Processing (DLP), and Color Filter (CF) technologies. The demand for multi-featured HMIs and smart touchscreen displays is a key driver for technological advancement and innovation.

However, regulations governing the manufacturing and sale of industrial displays can vary regionally or by country. For instance, the European Union's Law on the Restriction of Hazardous Substances (RoHS) has placed some restrictions on the use of cadmium, lead, mercury, hexavalent chromium, and flame retardants, such as Polybrominated Diphenyl Ethers (PBDE) or Polybrominated Biphenyls (PBB), in electronic equipment.

COVID-19 Impact

The COVID-19 pandemic had a significant impact on the market. It led to the disruption of global supply chains and a shortage of raw materials and components, which directly affected the production and delivery of industrial displays. Moreover, global supply chain disruptions increased lead times, reduced manufacturing capacities, and increased costs. The pandemic also created an environment of uncertainty and volatility in many industries, making businesses hesitant to invest in new equipment. This led to a decline in the demand for industrial displays as businesses were more focused on preserving cash and maintaining liquidity.

Businesses across industries such as travel, hospitality, and entertainment, also scaled back or temporarily shut down operations, leading to reduced investments in new equipment and technologies. For example, the automotive industry, one of the leading consumers of industrial displays, saw a decline in the demand for industrial displays as car sales declined during the pandemic.

Nevertheless, the pandemic also resulted in a range of positive outcomes, including the increased adoption of digital technologies as businesses had to adapt to remote work and digital communication channels. The COVID-19 pandemic forced many businesses to adapt to a new way of operating, as remote work and digital communication channels became the norm. This accelerated the adoption of digital technologies, including industrial displays, as businesses sought reliable ways of maintaining productivity and communication with their employees and customers. This created new opportunities for industrial display manufacturers as businesses invested in technologies critical to maintaining their operations.

Type Insights

Based on type, the market is classified into rugged displays, open frame monitors, panel-mount monitors, marine displays, and video walls. Among these, the panel-mount monitor type segment dominated the market in 2022, accounting for a market share of 31.26%. Panel-mount monitors are industrial displays made to be put directly into a control panel or enclosure. They are often manufactured with a rugged shell, bezel, and mounting brackets to survive harsh industrial conditions and offer a secure and sturdy installation.

The sizes and resolutions of panel-mount monitors range from tiny displays for embedded systems to large panels for process control applications. They may additionally have touchscreen functionality, high brightness, and several interface options to support numerous industrial applications. Panel-mount monitors are frequently used in manufacturing, automation, and process control applications, where reliable and durable equipment is essential for the best performance and safety. They can also be found in transportation, defense, and aerospace applications where resistance to shock and vibration is essential.

The open frame monitors segment is anticipated to witness the fastest growth, growing at a CAGR of 7.8% throughout the forecast period. Industrial displays without a bezel or casing are known as open-frame monitors. They comprise of a metal frame, a display panel, electronics, and interface connectors. This frame is a popular option for industrial and commercial applications that demand flexibility and customization since it can be easily integrated into custom enclosures, kiosks, or other machinery. Widescreen formats are available on open-frame displays, which typically have a sleek style and come in various sizes and resolutions. They also feature touchscreen capabilities and great brightness for the best visibility under varied lighting conditions. Gaming machines, self-service kiosks, ATMs, digital signage, and industrial automation equipment are examples of applications where open-frame monitors are frequently employed.

Application Insights

In terms of application, the market is classified into the human-machine interface (HMI), remote monitoring, interactive display, and digital signage. The HMI segment dominated the overall market, gaining a market share of 34.01% in 2022. It is expected to grow at a CAGR of 5.9% during the forecast period. An HMI display is a visual display employed in industrial automation systems to give users and operators real-time information. These displays frequently employ cutting-edge technologies like touchscreens, high-resolution graphics, and tough designs to resist severe industrial conditions.

Typically, HMI displays are used to monitor and manage various industrial operations, including production lines, assembly lines, and power generation facilities. They give operators access to real-time data on the condition of the monitored process, including temperature, pressure, flow rate, and other relevant aspects. HMI industrial displays can be used alone or with other industrial automation components like programmable logic controllers (PLC) or supervisory control and data acquisition (SCADA) systems to form a more comprehensive solution. They are made to be simple to use with simple, user-friendly interfaces and legible, easy-to-read visuals and displays.

The interactive display segment is anticipated to witness the fastest growth, growing at a CAGR of 7.7% throughout the forecast period. An interactive display lets viewers engage with digital content using touch, gestures, or other input techniques. It typically consists of a display screen, sensors, and software to allow users to interact or traverse digital content on the screen. Users can engage with digital content on interactive displays by using several input devices, such as touchscreens, styluses, or motion sensors. They might also contain software programs that offer extra features, like augmented reality applications, virtual whiteboards, and collaborative workplaces.

Applications for interactive displays in industrial environments include monitoring and managing assembly lines, production operations, and power generation facilities. They provide operators with real-time information on the status of the monitored process, allowing them to adjust and control the process as needed. Interactive Displays in industrial settings typically use touchscreens or other input methods to enable operators to interact with the system. They may also include software applications that provide additional functionality, such as real-time data visualization, remote monitoring, and diagnostic tools.

Technology Insights

In terms of technology, the market is classified into light-emitting diode (LED), e-paper, liquid crystal display (LCD), and organic light-emitting diode (OLED). The LCD segment dominated the market, gaining a market share of 37.95% in 2022, and is likely to register a CAGR of 5.6% during the forecast period. A liquid crystal display (LCD) is a flat panel display that generates images using liquid crystals. LCDs are widely utilized in various industrial applications, such as instrumentation and control panels, medical equipment, automobile displays, and many more. High brightness, a thin profile, and low power consumption are all characteristics of LCDs. They can be used in applications where numerous users must view the display simultaneously because they also have a broad viewing angle. These displays provide more dependability, toughness, and versatility in extreme environments.

The e-paper segment is anticipated to witness the fastest growth, growing at a CAGR of 7.9% throughout the forecast period. Electronic paper, often known as an e-paper or an e-ink display, is a display technology that resembles the look of ink on paper. E-readers, electronic shelf labels, and digital signage are just a few examples of industrial applications that frequently use e-paper displays. These displays are renowned for their great contrast, low power usage, and sunlight readability.

E-paper displays have several benefits, one of which is their low power consumption, enabling them to run for extended periods on a single battery charge. They are appropriate for applications where battery life and power conservation are important considerations because they also offer a broad viewing angle and can retain an image without electricity. E-paper comes in various sizes and shapes, and it can also be flexible or even translucent, opening up new creative opportunities. Unfortunately, they are inappropriate for applications needing color displays or quick refresh rates.

Panel Size Insights

In terms of panel size, the market is classified into up to 14", 14"-21", 21"-40", and 40" and above. The 14"-21" segment dominated the market, gaining a market share of 33.65% in 2022. The segment promises to register a CAGR of 5.9% during the forecast period. This category includes displays with a diagonal screen size between 14 and 21 inches. They are commonly used in industrial applications such as human-machine interfaces, point-of-sale systems, and kiosks.

Rising demand for handheld devices, tablets, and touch screens with rugged capabilities has propelled the demand for the 14”-21” segment. Moreover, the 14”-21” panel size is ideal for daily industrial operations and factory applications and generally includes TFT, LCD, or plasma technologies. These displays are designed to protect computers and screens from physical impact, dust, grease, oil, water splashes, metal shavings and filings, and theft.

The 21"-40" segment is anticipated to witness the fastest growth at a CAGR of 7.6% throughout the forecast period. This category includes displays with a diagonal screen size between 21 and 40 inches. They are commonly used in industrial applications such as factory automation, digital signage, and control rooms. The demand for touchscreen computer equipment in heavy-duty work environments is expected to propel the 21"-40" segment market. The monitors and touch screen panels include anodized coatings with stainless-steel chassis and are designed to offer operators better durability and operation across wide temperature ranges. The tablets and monitors are in-built with multiple input and output options and advanced touchscreen configurations.

End-use Insights

In terms of end-use, the market is classified into mining & metals, manufacturing, energy & power, chemical, oil & gas, and others. The manufacturing segment dominated the market, gaining a share of 34.56% in 2022, and is poised to register a CAGR of 6.1% during the forecast period. Manufacturing facilities employ industrial displays to show real-time statistics on production rates, machine status, and quality control information. Additionally, they can oversee and manage automated equipment like robotics and production lines. Industrial displays can also be used in production for communication, safety, and employee training. They can provide safety instructions, training movies, and other pertinent data to assist staff in performing their duties more proficiently and safely.

The energy & power sector is expected to account for a CAGR of 7.6% from 2023 to 2030. In the energy and power sector, industrial displays show real-time statistics on energy use and production, including electrical output, temperature, and pressure. They can also be used to operate and keep an eye on automated equipment, like power distribution systems, turbines, and generators. Industrial displays can be utilized in the energy and power sector for safety, communication, process management, and monitoring. To assist workers in remaining safe in potentially dangerous energy and power conditions, they can display safety regulations, emergency procedures, and other crucial information.

Regional Insights

Asia Pacific market dominated the total revenues in 2022, gaining a market share of 36.81%. It is expected to grow at a CAGR of 6.8% throughout the forecast period. The demand for industrial displays is being driven by the area, which is home to some of the biggest and fastest-growing economies in the world, including China, Japan, and India. China is the largest market for industrial displays in the Asia Pacific due to the rising need for automation and digitalization across various industries, including manufacturing, healthcare, and the automobile industry. Japan also witnesses significant growth in the industrial display industry due to the demand for high-quality displays in the automobile industry and other application areas.

The North America regional segment is anticipated to witness the fastest growth, growing at a CAGR of 7.6% throughout the forecast period. There is a wide demand for industrial displays in the U.S. and Canada in this region. Furthermore, the rising preference for using industrial displays can be attributed to rising automation, the increasing demand for safer and more effective workplaces, and rising expenditures on cutting-edge technology. Due to the growing adoption of automation and improved driver assistance systems, the demand for rugged and dependable displays is anticipated to increase, notably in the automotive and transportation sectors.

Key Companies & Market Share Insights

Samsung Display; LG Display Co., Ltd.; Japan Display, Inc.; Advantech Co., Ltd.; and Innolux Corporation are among the leading companies in the market. To address the limitations of in-house R&D and develop breakthrough technologies, several businesses have conducted Mergers & Acquisitions (M&A) in the industry. In January 2020, Video Display Corporation acquired Jaco Display Solutions LLC, which manufactures and supplies touch panels, rugged LCDs, engineering services, optical bonding, and repair and replacement services. In May 2021, Emerson introduced the RXi industrial display and panel PC portfolio, which is meant to monitor, visualize, and improve everyday manufacturing operations. Emerson's programmable automation control (PAC), programmable logic control (PLC), and third-party control systems are all compatible with RXi industrial displays. Some prominent players in the global industrial display market include:

• Samsung Display

• LG Display Co., Ltd.

• Advantech Co., Ltd.

• Pepperl+Fuchs GmbH

• WinMate, Inc.

• Planar Systems, Inc.

• Maple Systems, INC.

• Sharp NEC Display Solutions, Ltd.

• Innolux Corporation

• Japan Display, Inc.

• Siemens AG

Industrial Display Market Report Scope

Global Industrial Display Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global industrial display market report based on type, technology, application, panel size, end-use, and region.

• Type Outlook (Revenue, USD Million, 2017 - 2030)

  • Rugged Displays

  • Open Frame Monitors

  • Panel-Mount Monitors

  • Marine Displays

  • Video Walls

• Application Outlook (Revenue, USD Million, 2017 - 2030)

  • HMI

  • Remote Monitoring

  • Interactive Display

  • Digital Signage

• Technology Outlook (Revenue, USD Million, 2017 - 2030)

  • LCD

  • LED

  • OLED

  • E-Paper

• Panel Size Outlook (Revenue, USD Million, 2017 - 2030)

  • Up to 14”

  • 14-21”

  • 21-40”

  • 40” and above

• End-use Outlook (Revenue, USD Million, 2017 - 2030)

  • Manufacturing

  • Mining & Metals

  • Chemical, Oil, and Gas

  • Energy & Power

  • Others

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa