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The industrial display market size is forecast to increase by USD 3.19 billion, at a CAGR of 10.03% between 2023 and 2028. Market growth analysis is shaped by several pivotal factors like the rising trend of Bring Your Own Device (BYOD), increased capital expenditure (CAPEX) on displays within the military sector, and the inherent advantages that contribute to environmental sustainability. BYOD policies are gaining traction, driving demand for flexible workplace solutions and boosting productivity. Concurrently, heightened CAPEX spending on advanced display technologies in the military enhances operational effectiveness and situational awareness. Moreover, products and practices that promote environmental sustainability are gaining importance, aligning with global efforts to reduce carbon footprints and promote eco-friendly technologies. These trends underscore a shift towards more efficient and sustainable business practices across industries, influencing market dynamics and driving innovation in technology and manufacturing sectors. As businesses and governments alike prioritize environmental responsibility, the market for BYOD solutions, military displays, and sustainable technologies is poised for significant growth, driven by evolving consumer preferences and regulatory requirements.
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The market is witnessing significant growth due to the increasing adoption of advanced display technologies such as LED and OLED in various industries. These technologies offer superior image quality, longer lifespan, and energy efficiency compared to traditional LCD displays. The market is segmented based on display technology, application, and panel size. LED backlit technology is currently dominating the market due to its energy efficiency and high brightness levels. The transportation sector, including trains and railway stations, is a major application area for industrial displays. Solar-powered displays are also gaining popularity in transportation and signage systems due to their ability to operate in remote locations. Rugged Displays, Open Frame Monitors, Multi Touch Displays, Front Display, SDI Display, Rear Mount Display, and Panel Mount Monitors are some of the key product types in the market. The market is also witnessing growth in digital signage applications in the retail, healthcare, and hospitality industries due to the Internet of Things (IoT) and the increasing need for real-time information dissemination. E-Paper Displays are also gaining popularity due to their low power consumption and long battery life. The market is expected to grow at a steady pace in the coming years, driven by the increasing demand for energy-efficient and high-performance displays in various industries.
Growing trend of BYOD is notably driving market growth. The global industrial display market is experiencing significant growth due to the increasing adoption of advanced technologies such as LED backlit technology and touch-based displays in various industries. Digital signage applications in transportation sectors, including railway stations and aerospace, are driving the demand for industrial displays. Energy and power industries are also investing in smart industrial displays for predictive maintenance and control applications. Industrial automation is another major sector fueling market growth, with the integration of artificial intelligence, big data analytics, and human-machine interfaces. Thin film transistors and Liquid Crystal Displays are the dominant technologies in the market.
Moreover, the bring-your-own-devices (BYOD) policy in organizations is leading to an increase in the use of rugged smartphones and mobile devices in industrial settings. The convergence of BYOD trends and 5G network adoption into an IoT megatrend is further propelling the market growth. Industrial professionals working in harsh environments are increasingly opting for devices designed to withstand rough treatment and harsh conditions. Thus, such factors are driving the growth of the market during the forecast period.
Increasing adoption of foldable and flexible displays is the key trend in the market. The industrial display market is witnessing substantial growth due to the increasing adoption of advanced technologies such as LED backlit technology and thin film transistors in electronic displays. These technologies offer benefits like energy efficiency, higher brightness, and longer lifespan, making them ideal for various industrial applications. The transportation sector, particularly railway stations, and digital signage applications is a significant end-user of industrial displays. Additionally, the integration of artificial intelligence, big data analytics, and predictive maintenance in smart industrial displays is revolutionizing industries like manufacturing units, aerospace, and control applications.
Further, touch-based displays and human machine interfaces are also gaining popularity in industrial automation, enhancing the user experience and improving productivity. The demand for foldable and flexible displays, with their lightweight, shatterproof, and flexible nature, is increasing in various sectors, including automotive, due to their potential to reduce vehicle weight and improve fuel efficiency. Liquid Crystal Displays (LCD) continue to dominate the market, but Organic Light Emitting Diodes (OLED) and other advanced display technologies are expected to gain market share in the coming years. Thus, such trends will shape the growth of the market during the forecast period.
Complications related to resistive touchscreens is the major challenge that affects the growth of the market. The industrial display market encompasses various applications, including digital signage at railway stations, transportation control systems, manufacturing units, and aerospace industries. The adoption of advanced technologies, such as LED backlit technology and thin film transistors in electronic displays, is driving market growth. Energy and power industries are leveraging predictive maintenance applications to optimize operations, leading to increased demand for smart industrial displays. Touch-based displays, such as capacitive and resistive touchscreens, are integral to human-machine interfaces in industrial automation and control applications.
Moreover, resistive touchscreens, with their versatility and durability, are particularly popular in industries like military and defense, oil and gas, electronics, automotive, and transportation. These screens can be operated with various objects, including fingers, fingernails, styluses, and other thin objects, making them suitable for harsh industrial environments. Liquid Crystal Displays (LCD) continue to dominate the market due to their energy efficiency and high resolution. The integration of artificial intelligence, big data analytics, and Internet of Things (IoT) technologies is further enhancing the capabilities of industrial displays, offering new opportunities for market growth. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The panel mount monitors segment is estimated to witness significant growth during the forecast period. The Industrial Display Market encompasses various display technologies such as LED, OLED, and LCD. These displays find extensive applications in sectors like PCs, video walls, solar, transportation, signage systems, and kiosks. In the transportation sector, displays are integrated into train, buses, roads, and airports for informational and entertainment purposes. Rugged Displays, Open Frame Monitors, Multi Touch Display, Front Display, SDI Display, and Rear Mount Display are some popular types of industrial displays. The panel size and display technology vary based on the application requirements.
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The panel mount monitors segment accounted for USD 1.33 billion in 2018. E Paper Display, Serial, Ethernet, Mobile Network, and Industrial Communication interfaces are essential features of industrial displays. The automotive, healthcare, automation, and Internet of Things industries are significant end-users of industrial displays. However, it is crucial to ensure that these displays are free from hazardous substances like Lead, Mercury, Cadmium, Hexavalent chromium, Polybrominated Biphenyls, and Polybrominated Diphenyl Ethers, as per regulatory compliance. TFT display screens are widely used in digital signage and monitors due to their high resolution and brightness.
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APAC is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The Industrial Display Market encompasses various display technologies such as LED, OLED, and LCD. These displays are extensively used in PCs, video walls, solar power systems, transportation sector, signage systems, and kiosks. In the transportation sector, displays are integrated into trains, buses, roads, and airports. Rugged Displays, Open Frame Monitors, Multi Touch Displays, Front Display, SDI Displays, and Rear Mount Displays are popular choices for industrial applications. Panel Size varies from small to large depending on the application. E Paper Displays are used for serial, Ethernet, Mobile Network, and Industrial Communication systems. TFT display screens are widely used in digital signage and monitors. Hazardous Substances like Lead, Mercury, Cadmium, Hexavalent chromium, Polybrominated Biphenyls, and Polybrominated Diphenyl Ethers are being phased out due to environmental concerns. The automotive, healthcare, automation, and Internet of Things industries are significant end-users of industrial displays.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
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The market is witnessing significant growth due to the increasing adoption of advanced display technologies such as LED, OLED, and LCD technology in various industries. These displays are finding extensive applications in sectors like transportation, signage systems, kiosks, and rugged displays for trains, buses, roads, and airports. The transportation sector is a major contributor to the market growth, with a focus on enhancing passenger experience and improving safety. Solar-powered displays are gaining popularity in outdoor applications, while industrial communication displays are increasingly being used in automation, healthcare, and the Internet of Things.
Further, the market is segmented based on display type, panel size, interface, and application. TFT display screens, SDI displays, rear mount displays, panel mount monitors, front displays, open frame monitors, multi-touch displays, and E paper displays are some of the popular display types. The market is also witnessing a trend towards the use of hazardous substance-free displays, with a focus on replacing lead, mercury, cadmium, hexavalent chromium, polybrominated biphenyls, and polybrominated diphenyl ethers. This shift towards eco-friendly displays is expected to drive market growth in the coming years.
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Market Scope |
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Report Coverage |
Details |
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Page number |
144 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.03% |
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Market growth 2024-2028 |
USD 3.19 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
8.88 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 40% |
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Key countries |
US, China, Japan, Germany, and South Korea |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Advantech Co. Ltd., AUO Corp., BOE Technology Group Co. Ltd., BOE Varitronix Ltd, Hannstar Display Corp., Japan Display Inc., LG Electronics Inc., LITEMAX, Maple Systems Inc., Panasonic Holdings Corp., Pepperl and Fuchs SE, Planar Systems Inc., Rockwell Automation Inc., Samsung Electronics Co. Ltd., Schneider Electric SE, Sharp Corp., Siemens AG, TCL Electronics Holdings Ltd., and Winmate Inc |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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