Dublin, March 17, 2023 (GLOBE NEWSWIRE) -- The "Global Industrial IoT Display Market by Technology (LCD, LED, OLED), Panel Size, Application (HMI, Remote Monitoring), End-use Industry (Manufacturing, Energy & Power, Oil & Gas, Mining, Transportation) and Region - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The Global Industrial IoT Display Market is estimated to be USD 0.9 billion in 2023 and is projected to reach USD 1.6 billion by 2028, at a CAGR of 13.3% during the forecast period. The market has a promising growth potential due to several factors, such growing adoption of IoT and increasing demand of HMI devices.
Industrial Internet of Things (IoT) displays can be defined as display devices used where complex industrial systems are networked together in a way that their sensor data is transmitted over the Internet for remote monitoring and performance analysis. The market is likely to witness significant growth owing to the rising demand for innovative and advanced but cost-effective loT display devices. However, most currently available industrial loT displays are expensive due to the deployment of advanced technologies such as loT-enabled and AR/VR devices. Hence, the availability of these devices on lease is likely to surge their demand for loT facilities, positively influencing market growth.
TFT-LCD: The largest segment of the Industrial IoT Display market, by technology
In 2022, TFT-LCD technology accounted for the largest share of the industrial IoT display market. There is an increased demand for TFT-LCD from various industries, such as manufacturing, healthcare, transportation, and consumer electronics, among others. Excellent color display, extended half-life, exceptional aspect ratio control, and incredible versatility are some prominent features of TFT-LCD boosting its growth.
Healthcare: The end-use industry segment is expected to grow at the highest CAGR in the forecasted year
The healthcare market is expected to record the highest CAGR during the forecast period. The healthcare sector has been modernizing rapidly over the years by utilizing new technologies in conducting medical activities with increased accuracy. Due to the COVID-19 pandemic, technology has been developing at a much faster pace to help the healthcare sector. Healthcare centers worldwide are facing difficulties in providing medical care and reducing the risk of exposure.
More than 20": The largest segment of the Industrial IoT Display market, by panel size
In 2022, the more than 20" panel size segment accounted for the largest share of the industrial IoT display market. Large panel displays are typically used for displaying production status on the plant floor. In the oil & gas industry, high-resolution industrial displays and video walls are used predominantly to study the data collected from seismic imaging. They are used in the transportation, manufacturing, and healthcare industries and for learning, presentations, signage, wayfinding, and other applications.
Research Coverage
The report segments the Industrial IoT Display market and forecasts its size, by volume and value, based on region (Asia-Pacific, Europe, North America, and Rest of the World), panel size (less than 10", Between 10"and 20", and more than 20"), technology (TFT-LCD, LED, OLED, and other displays), application (human-Machine interface, remote monitoring, interactive displays, electronic shelf labels, and others), end-use industry (manufacturing, healthcare, energy & power, transportation, and others).
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the Industrial IoT Display market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Market Dynamics
Drivers
- Growing Adoption of IoT
- Increasing Demand for HMI Devices
- Rising Emphasis on Real-Time Data Analysis and Predictive Maintenance
- Growing Adoption of Industry 4.0
Restraints
- Higher Cost of Industrial IoT Displays Than Traditional Whiteboards
- High Installation and Maintenance Costs
- Requirement of Maintenance and Frequent Software Upgrades
Opportunities
- Growing Demand for Digital Signage in Industries
- Integration of Advanced Technologies with Displays
- Increasing Demand for Safety Compliance Automation Solutions
| Report Attribute | Details |
| No. of Pages | 208 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $0.85 Billion |
| Forecasted Market Value (USD) by 2028 | $1.6 Billion |
| Compound Annual Growth Rate | 13.3% |
| Regions Covered | Global |
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industrial IoT Display Market, by Technology
7 Industrial IoT Display Market, by Panel Size
8 Industrial IoT Display Market, by Application
9 Industrial IoT Display Market, by End-use Industry
10 Industrial IoT Display Market, by Region
11 Competitive Landscape
12 Company Profiles
13 Appendix
Companies Mentioned
- Advantech Co. Ltd.
- American Industrial Systems Inc. (AIS)
- BOE Technology Group Co. Ltd.
- Crystal Display Systems
- Display Technology Ltd.
- DKE Co. Ltd.
- E Ink Holdings Inc.
- Emsol Automation Pvt Ltd.
- Glide Technology Pvt. Ltd.
- Innolux Corporation
- Kingtech Group Co. Ltd.
- LG Electronics
- Maple Systems Inc.
- Melrose Systems
- Panasonic Corporation
- PDi Digital
- Pepperl+Fuchs SE
- Pervasive Displays, Inc.
- Planar Systems, Inc.
- Riverdi Sp. Z O.O.
- Samsung Electronics Co. Ltd.
- Schneider Electric
- Seneca S.R.L.
- Sharp Corporation
- Winmate Inc.
For more information about this report visit https://www.researchandmarkets.com/r/voj9y0
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