PUBLISHER: The Business Research Company | PRODUCT CODE: 1484916
PUBLISHER: The Business Research Company | PRODUCT CODE: 1484916
Automation industrial monitors are specialized display units designed specifically for integration into industrial automation and control systems. These monitors are engineered to adhere to stringent industry standards, ensuring reliability, durability, and optimal performance in demanding environments. The primary function of industrial monitors is to offer real-time visual feedback to operators and control systems, providing essential information on various aspects of industrial processes. This includes monitoring production status, equipment performance, and environmental conditions.
The main categories of automation industrial monitors are delineated by screen size such as screens below 12 inches, screens between 12 and 17 inches, and screens above 17 inches. Monitors with smaller screen sizes, below 12 inches, are tailored for industrial applications and are equipped with features such as high brightness, substantial contrast ratios, and robust construction to withstand harsh operating conditions. These monitors find applications across process industries as well as discrete industries, serving end-users in sectors such as automotive, manufacturing, electronics, and electrical engineering, among others.
The automation industrial monitors market research report is one of a series of new reports from The Business Research Company that provides automation industrial monitors market statistics, including automation industrial monitors industry global market size, regional shares, competitors with a automation industrial monitors market share, detailed automation industrial monitors market segments, market trends and opportunities, and any further data you may need to thrive in the automation industrial monitors industry. This automation industrial monitors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automation industrial monitors market size has grown strongly in recent years. It will grow from $2.34 billion in 2023 to $2.53 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth observed in the historical period can be attributed to several key factors. These include the ongoing process of industrialization, the imperative of regulatory compliance, efforts toward cost reduction and efficiency improvement, as well as the effects of globalization and advancements in supply chain management practices.
The automation industrial monitors market size is expected to see strong growth in the next few years. It will grow to $3.46 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. Anticipated growth in the forecast period can be ascribed to several driving factors, including the integration of Industry 4.0 principles and Internet of Things (IoT) technologies, the rapid pace of digitalization across industries, increasing demand for touchscreen interfaces, the adoption of remote monitoring and control solutions, and a heightened focus on energy efficiency measures. Key trends expected in the forecast period encompass the integration of augmented reality (AR) technologies, emphasis on customization and modular design approaches, as well as the integration of Artificial Intelligence (AI) and machine learning capabilities into industrial automation systems.
The surge in the adoption of smart factories is fueling growth in the automation and industrial monitoring market. Smart factories, characterized by the integration of advanced technologies and data-driven solutions, optimize production processes, enhance efficiency, and boost productivity in manufacturing facilities. These facilities achieve operational excellence and adaptability to changing market demands through the utilization of IoT, AI, and automation. Industrial monitors play a crucial role in smart factories, serving as interfaces for monitoring, controlling, and visualizing production processes. They provide real-time data insights, facilitate operator interaction, and seamlessly integrate with other automation systems and devices. For instance, a survey conducted by Rockwell Automation Inc., a US-based industrial automation company, in May 2022 revealed a remarkable 50% year-over-year growth in the adoption of smart factory technologies among 321 manufacturers. Additionally, 74% of surveyed manufacturers are either utilizing or planning to integrate artificial intelligence into their manufacturing operations, with 83% aiming to upgrade their modernization processes into smart factories. Consequently, the increasing popularity of smart factories is set to propel the automation industrial monitor market's growth.
Key players in the automation industrial monitor market are prioritizing advanced technologies, such as customizable industrial monitors, to better serve customers with enhanced features. These monitors offer flexibility in screen size, resolution, mounting options, connectivity, and additional features to accommodate diverse use cases and environments. For example, in May 2022, Rockwell Automation Inc., a US-based industrial automation company, introduced a new line of customizable industrial monitors named Allen-Bradley ASEM 6300M industrial monitors. Designed to assist machine builders in differentiating their machines and meeting various application requirements, these monitors allow customization according to cost, performance, and aesthetic preferences. The ASEM 6300 monitors cater to a wide range of applications, enabling machine builders to differentiate their offerings from competitors in terms of functionality and appearance. Supporting the display of up to four tiles of information on a single screen, these monitors provide operators with valuable insights, including performance data, work instructions, high-resolution videos, and real-time camera feeds.
In September 2021, Rockwell Automation Inc., a US-based automation company, acquired Plex Systems for an undisclosed amount. This strategic acquisition aims to enhance Rockwell's software offerings, bolster its annual recurring revenue streams, and accelerate its strategy to bring the connected enterprise to life. By combining Plex's cloud technology with Rockwell's expertise, the acquisition seeks to provide customers with cloud-native solutions that enhance their operations' resilience, agility, and sustainability. Plex Systems is a US-based cloud-native smart manufacturing platform offering automated industrial monitoring.
Major companies operating in the automation industrial monitors market are Siemens AG, Mitsubishi Electric Corporation, Honeywell International Inc., ABB Group, Eaton Corporation plc, Emerson Electric Co., Rockwell Automation Inc., Danfoss A/S, Omron Corporation, FANUC Corporation, SMC Corporation, Yaskawa Electric Corporation, Festo AG & Co. KG, KUKA AG, Yokogawa Electric Corporation, Advantech Co. Ltd., National Instruments Corporation, OmniVision Technologies Inc., Beckhoff Automation GmbH & Co. KG, Kontron S&T AG, Barco NV, Pepperl+Fuchs GmbH, Sparton Corporation, AAEON Technology Inc., Axiomtek Co. Ltd., Edge Electronics LLC, RGB Spectrum, Computer Dynamics (CIMTEC Automation), Hope Industrial Systems Inc.
North America was the largest region in the automation industrial monitors market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automation industrial monitors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the automation industrial monitors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automation industrial monitors market consist of touchscreen monitors, ruggedized monitors, panel PCs, and high-brightness monitors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.