Global outlook of the industrial monitors market

Technavio’s market research analysts predict the global industrial monitors market to grow steadily during the forecast period and post a CAGR of more than 2% by 2021. This industry research report identifies the increased adoption of industrial automation to be one of the major factors that will have a positive impact on the growth of this market in the coming years. Due to the rising complexity of industrial processes, the recent years witnessed an increase in the adoption of supervisory control and data acquisition (SCADA) and distributed control system (DCS)-based systems for factory automation by various industries including oil and gas, mining, power, and automotive. These control systems enable the remote monitoring of physical processes and will consequently increase the demand for industrial display monitors to survey and control various process parameters continuously.

This market research and analysis also estimates that in terms of geographical regions, the Americas will be the major revenue contributor to the market throughout the predicted period. The growth of the food and beverage and power industries in the US and the rise in infrastructure development and construction activities in the Latin American countries will fuel the market’s growth prospects in this region in the coming years.

Competitive landscape and key vendors

The market is characterized by the presence of several major and small-scale industrial display manufacturers and appears to be highly fragmented. The market is competitive and is dominated by the major players such as Siemens, Rockwell Automation, Advantech, Hope Industrial Systems, and AAEON. Though the small and medium-sized vendors account for the majority market shares, they find it difficult to compete with the international vendors who offer product with several features. To improve their market position and enhance revenue shares, vendors focus on providing technologically advanced monitors and are continuously increasing their R&D investments to address the specific demands from customers.

The leading vendors in the market are -

• AAEON
• Advantech
• Hope Industrial Systems
• Rockwell Automation
• Siemens

The other prominent vendors in the market are Axiomtek, Barco, Beckhoff Automation, Computer Dynamics (CIMTEC Automation), Edge Electronics, Honeywell, Kontron, Litemax Electronics, National Instruments, OmniVision Technologies, Pepperl+Fuchs, RGB Spectrum, SECU6, and Sparton.

Segmentation by screen size and analysis of the industrial monitors market

• Screen size below 12"
• Screen size between 12"-17"
• Screen size above 17"

During 2016, the screen size between 12” to 17” segment accounted for the major market shares and dominated the industrial monitor market since they are highly optimized and are best suited for a number of complex industrial applications. The increased adoption of automation in various process industries including food and beverage and power, will, in turn, fuel the growth of the industrial monitors market in the coming years.

Segmentation by end-user and analysis of the industrial monitors market

• Process industries
• Discrete industries

In terms of end-users, the major demand for industrial monitors was from the process industries segment that accounted for the major revenue shares during 2016. The rise in adoption of industrial displays for monitoring applications such as quarrying and the conveyors and shovels used by the mining industry and the demand for industrial monitors from the food and beverage industry for monitoring various processes including material handling, conveying, pumping, packaging, and storing finished goods will be major factors boosting the market’s growth prospects in the coming years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global industrial monitors market?
• What are the key market trends impacting the growth of the global industrial monitors market?
• What are the challenges to market growth?
• Who are the key vendors in the global industrial monitors market?
• What are the market opportunities and threats faced by the vendors in the global industrial monitors market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global industrial monitors market?

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