Industrial Display Market Growth & Trends
The global industrial display market size is expected toreach USD 8,656.3 million by 2030, expanding at 6.5% CAGR from 2023 to 2030, according to a new study by Grand View Research, Inc. As industrial operations and processes have become more complicated, industrial displays have become essential for streamlining operational tasks and providing improved functionality.
The global industrial display industry greatly benefits from the increasing demand for Human Machine Interface (HMI) applications in the manufacturing and process industries. HMIs and other screens enable monitoring production operations effectively, cutting down on downtime and raising worker productivity. The market is growing due to the increased demand for digital signage applications across several industry verticals. The capacity of HMI-enabled industrial displays to give real-time data on crucial parameters, enabling operators to make data-driven decisions rapidly, is one of their main advantages.
OLED displays are anticipated to become more popular due to their improved picture quality and reduced power usage. Digital signs and display boards that demonstrate the operational status on industrial floors frequently utilize this technology. Solution providers have started to offer IIoT application platforms with devices and services for industrial displays. For example, American Industrial Systems, Inc. (AIS) provides open-platform computing solutions for IIoT, making it easier for industrial businesses, factories, transportation & logistics, buildings, and smart cities to use these solutions.
The industrial sector is continuously developing and adapting to meet changing requirements, fueled by technological advancements. Cutting-edge innovations in this sector include technologies like Thin-Film-Transistor (TFT) Liquid Crystal Display (LCD), Low-Temperature Poly-Silicon (LTPS), Digital Light Processing (DLP), and Color Filter (CF). The demand for multi-functional Human-Machine Interfaces (HMIs) and intelligent touch screen displays continues to fuel the technological progress and innovation.
Nevertheless, regulations overseeing the production and distribution of industrial displays can vary by region and country. For example, the European Union’s Law on the Restriction of Hazardous Substances (RoHS) prohibits the use of cadmium, lead, mercury, hexavalent chromium, and flame retardants such as Polybrominated Diphenyl Ethers (PBDE) or Polybrominated Biphenyls (PBB) in electronic equipment.
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Industrial Display Market Report
Industrial Display Market Report Highlights
- The HMI application segment is expected to account for the largest revenue share in the overall market by 2030, expanding at a CAGR of 5.9% over the forecast period
- Over the forecast period, there is a significant expected increase in demand for industrial displays in the chemical, oil, and gas industry segment, as well as in the energy and power industry segment
- The increasing demand for digital signage applications presents several opportunities for the industrial display industry. Digital signage is being increasingly used for advertising and promotional purposes across a range of industries. With the rise of the e-commerce sector and the rapid decline of the traditional brick-and-mortar retail sector, businesses are turning to digital signage to attract customers and promote their products and services
- The LCD technology is widely used across all devices; however, the e-paper technology is anticipated to witness a high growth over the forecast period
