PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555529
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555529
Large Industrial Displays Market size was valued at USD 2,876.65 Million in 2023, expanding at a CAGR of 6.2% from 2024 to 2032.
A large industrial display implies a high-resolution, high-performance screen designed for use in industrial environments. These displays are often ruggedized and built to withstand harsh conditions such as extreme temperatures, humidity, dust, and vibration.
Large Industrial Displays Market- Market Dynamics
Increasing trend of industrial automation and high demand from manufacturing & smart city infrastructures are expected to propel market demand
As industries increasingly adopt automation and advanced control systems, the need for large, high-resolution displays to monitor and manage these systems is rising, which in turn is expected to bolster market growth. The need to display and analyze real-time data for decision-making and operational efficiency fuels the demand for large industrial displays in control rooms and monitoring stations. Moreover, innovations in display technology, such as higher resolutions, better color accuracy, and enhanced durability, drive the adoption of large industrial displays. Advances in touch screen and interactive display technology are also contributing to market growth.
The development of smart cities involves integrating large displays for traffic management, public information systems, and urban surveillance, boosting the demand for large industrial displays. The need for real-time monitoring, process control, and data visualization in manufacturing and logistics operations supports the growth of large industrial displays. In addition, investments in public infrastructure, including transportation hubs, stadiums, and information kiosks, create a demand for large displays for public information and advertising.
Large Industrial Displays Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.2% over the forecast period (2024-2032)
Based on Type segmentation, the LCD segment was predicted to show maximum market share in the year 2023, owing to high demand from instrumentation & control panels.
Based on Application segmentation, the human machine interface (HMI) segment was the leading application in 2023, owing to increased demand from industrial automation systems.
Based on End User segmentation, the manufacturing segment was the leading End User in 2023, owing to their high adoption in the production & robotics line.
Based on region, Asia Pacific was the leading revenue generator in 2023, due to the growing manufacturing & automobile industries.
The Global Large Industrial Displays Market is segmented based on Type, Application, End User, and Region.
The market is divided into three categories based on Type: LED, LCD, and OLED. The LCD segment dominates the market. LCD products have high demand from medical equipment, and automobile displays which is boosting segment demand.
The market is divided into four categories based on Application: human-machine interface (HMI), remote monitoring, interactive display, and digital signage. The human-machine interface (HMI) segment dominates the market. HMI displays are used to monitor across power & energy sectors and are highly efficient, which is stimulating market growth.
The market is divided into six categories based on End Users: manufacturing, mining, chemical, energy & power, oil & gas, and others. The manufacturing segment dominates the market and is expected to maintain its high dominance during the forecast period. Higher demand from automobiles for automation in assembly line & production is boosting segment growth.
Large Industrial Displays Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific dominates the global market due to rapid industrialization, urbanization, and expanding infrastructure projects. North America, particularly the United States and Canada, holds a significant share of the market due to its advanced industrial infrastructure, high adoption of automation technologies, and strong presence of major industrial players.
The large industrial displays market is highly competitive, with several key players actively engaging in technological innovation, market expansion, mergers & acquisitions, and strategic partnerships. Samsung is a major player in the display market, offering a wide range of large-format industrial displays. They focus on high-resolution screens with advanced features like high brightness, durability, and touch capabilities. Samsung has been expanding its product lineup with innovations in LED and OLED technologies. Further, companies are expanding their presence in emerging markets through strategic investments and partnerships to capitalize on growing industrial and infrastructure projects.
In 2022, Emerson launched the RXi industrial display and panel PC portfolio to monitor and visualize applications.
In 2023, Planar Systems introduced new video wall technologies with ultra-narrow bezels and enhanced image quality for demanding applications.