Industrial Display System Market Scenario
The global industrial display system market is expected to rise at 6.8% CAGR between 2017 and 2023. In terms of monetary value, the market can be worth the USD 6.71 bn by the end of the forecast period.
Via Industrial Display, a display device can be used as an output device for presenting the information in visual form. As opined by Market Research Future (MRFR), The foremost factor driving the global industrial display system market growth is the rampant use of industrial display systems for the manufacturing of displays for a wide range of items that range among computer monitors, aircraft cockpit displays, instrument panels, and others. The advanced features of these electronic devices that are increasing the demand and the market growth for industrial display include demand for durability, higher display brightness, high-specification display solutions, dust & moisture resistance, improved impact resistance, improved contrast ratio, readability, low-power consumption, and wide temperature range. Rising demand for advanced technologies like human-machine interface (HMI) devices and growing adoption of Internet of Things (IoT) are also helping the market growth. However, initial high costs incurred due to acquisition as well as the implementation of industrial displays can hamper the market growth.
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Major players in the global industrial display system market include AU Optronics Corp. (Taiwan), BOE Technology Group Co. (China), E Ink Holdings Inc. (Taiwan), Hannstar Display Corp. (Taiwan), Innolux Corp. (Taiwan), Japan Display Inc. (Japan), LG Display Co. Ltd. (South Korea), Samsung Electronics Co. Ltd. (South Korea), Sharp Corp. (Japan), TCL Display Technology Holdings Limited (Hong Kong), Universal Display Corp. (USA), and Varitronix International Limited (Hong Kong).
Latest Industry News
24 JUL 2019 According to a new patent filing, a hinge System-equipped Honeycomb Glacier Dual Display Notebook Prototype is being developed by Intel.
23 JUL 2019 Embedded solutions AAEON, has announced the ASDM-S-KBU, the only Intel SDM Small (SDM-S) module that would feature 7th Generation Intel Core processors. ASDM-S-KBU will also have a smart display.
The global industrial display system market segmentation covers application, display type, end-user, and technology. MRFR is analyzing the features of these segments to understand market trends.
The application-based segmentation of this market covers e-readers, entertainment, gaming consoles, smart industrial appliances, personal computer (PC) monitor & laptop, smart wearable, smartphone & tablet, sports, vehicle & public transport, television (TV) & digital signage, and others.
By display type, the market has been segmented into the flexible display, flat panel display, transparent display, and others. In the context of end-user, the market has been segmented into banking, financial services and insurance (BFSI), government & defense, automotive & aerospace, industrial, healthcare, transportation, retail, and others. The “others” segment covers education and hospitality.
Based on the technology, the market has been segmented into e-paper, interferometry modulator display (IMOD), laser phosphor display (LPD), light-emitting diode (LED)-backlit liquid crystal display (LCD), Quantum Dot LED, and organic light-emitting diode (OLED).
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The regional segmentation of the global industrial display system market covers North America, Asia Pacific, Europe, and Rest of the World (RoW).
Crystal-clear clarity, maximum megapixel for the display screen, and various technological advancements in North America, especially in the USA, have aided the market growth in this region. North America is the biggest regional market all regional market. Rugged displays used for remote monitoring and HMI applications in the manufacturing sector also contribute to the market growth in this region. After the USA, Canada is another powerful economy that has the potential of becoming a significant country-specific market.
In Europe, key factors that are contributing to the market growth include the emergence of manufacturers of industrial display systems, research and development (R&D) activities by existing companies, and different product launches. The biggest country-specific market in this region is the UK. France and Germany are two other powerful economies in this region that can be important country-specific markets in the future.
In the Asia Pacific region, China, Japan, and South Korea have a strong manufacturing industry. Many companies operating in this region make the market profitable. India has the potential to be a strong market as it has a strong economy.
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