Pune, Aug. 04, 2023 (GLOBE NEWSWIRE) -- The SNS Insider report indicates that “The Industrial IoT Display Market reached a valuation of USD 0.8 Billion in 2022 and is projected to experience significant growth, reaching USD 2.15 Billion by 2030, with a CAGR of 13.2% during the forecast period from 2023 to 2030”.
Market Report Scope
Industrial IoT (Internet of Things) display refers to the integration of IoT technologies with industrial display systems. The integration of industrial IoT display technology brings numerous advantages to various sectors, revolutionizing the way industries operate and unlocking new possibilities for efficient and intelligent systems. Its ability to provide real-time insights, remote monitoring, and predictive maintenance contributes to increased productivity, reduced downtime, and optimized resource utilization.
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Market Analysis
The Industrial IoT display market is experiencing exponential growth, driven by a convergence of technological advancements and the increasing demand for data-driven decision-making in the industrial landscape. As industries continue to embrace digital transformation and connectivity, the significance of Industrial IoT displays will only intensify. By incorporating cutting-edge display technologies, leveraging AI and data analytics, and emphasizing workplace safety and productivity, manufacturers can capitalize on the tremendous opportunities this market has to offer.
Industrial IoT Display Market Overview & Scope:
| Report Attributes | Details |
| Market Size by 2023 | USD 0.8 Billion in 2022 |
| Market Share by 2030 | USD 2.15 Billion |
| CAGR | CAGR Of 13.2% From 2023-2030 |
| Key Segments | By Technology (TFT-LCD, LED, OLED, E-Paper display) By Panel Size (Less than 10”, Between 10"and 20", More than 20”) By Application (Human Machine Interface, Remote Monitoring, Interactive Display, Electronic Shelf Labels, Others) By End-Use Industry (Manufacturing, Healthcare, Energy & Power, Transportation, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands,Rest of Europe), Asia-Pacific (Japan, South Korea,China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
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Impact of Recession
While recessions can pose challenges for the industrial IoT display market, there are potential mitigating factors, such as government support and a focus on cost-effective solutions. Despite short-term fluctuations, the long-term growth prospects for the IoT display market remain promising as businesses continue to recognize the value of IoT technology in optimizing operations, enhancing efficiency, and driving innovation.
Impact of Russia-Ukraine War
The Russia-Ukraine War significantly impacted the industrial IoT display market through supply chain disruptions, price volatility, shifts in manufacturing hubs, security concerns, and altered market growth patterns. While some negative effects were observed due to the uncertainty surrounding the conflict, it also triggered opportunities for innovation and heightened demand for remote monitoring solutions.
Key Regional Development
The industrial IoT display market is experiencing robust growth globally, with various regions contributing to its expansion at different paces. Factors such as technological advancements, government support, industrialization rates, and the level of digital transformation in each region significantly influence the demand for IIoT displays. As the market continues to evolve, manufacturers and solution providers must tailor their offerings to meet the unique requirements and challenges posed by each region, ensuring sustained growth and success in the competitive market.
Key Takeaway from Industrial IoT Display Market Study
- Remote monitoring is emerging as a game-changer in the Industrial IoT sector, enhancing operational efficiency and ensuring seamless data access. Integrating remote monitoring capabilities into IIoT displays allows industries to monitor critical parameters and processes from a centralized location, thereby minimizing the need for on-site personnel and reducing associated risks.
- The combination of OLED displays with remote monitoring capabilities marks a significant step forward in IIoT technology. OLEDs' superior visual performance ensures that the data presented on these displays is clear, accurate, and easy to interpret, enhancing situational awareness for operators.
Recent Developments Related to Industrial IoT Display Market
- United Microelectronics Corporation (UMC) has unleashed a groundbreaking technology, the 28eHV+ platform, aimed at transforming the landscape of wireless communication, virtual reality/augmented reality (VR/AR), and Internet of Things (IoT) display applications.
- Omron Corporation, the global leader in advanced industrial automation and sensing technology, has announced its strategic plans to expand its Industrial Internet of Things (IIoT) initiatives to the United States.
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Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Industrial IoT Display Market Segmentation, By Technology
8.1 TFT-LCD
8.2 LED
8.3 OLED
8.4 E-Paper display
9. Industrial IoT Display Market Segmentation, By Panel Size
9.1 Less than 10”
9.2 Between 10" and 20"
9.3 More than 20”
10. Industrial IoT Display Market Segmentation, By End-Use Industry
10.1 Manufacturing
10.2 Healthcare
10.3 Energy & Power
10.4 Transportation
10.5 Others (Oil & Gas and Mining)
11. Industrial IoT Display Market Segmentation, By Application
11.1 Human-Machine Interface
11.2 Remote Monitoring
11.3 Interactive Display
11.4 Electronic Shelf Labels
11.5 Others (Digital Signage, Imaging, Video Walls)
12. Regional Analysis
12.1 Introduction
12.2 North America
12.3 Europe
12.4 Asia-Pacific
12.5 The Middle East & Africa
12.6 Latin America
13. Company Profile
13.1 Gupta Power Infrastructure Limited
13.1.1 Market Overview
13.1.2 Financials
13.1.3 Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Sterlite Technologies Limited
13.3 Birla Cable Ltd. (Mp Birla Group),
13.4 Finolex Cables Limited
13.5 Kec International Ltd. (Rpg Enterprises),
13.6 Apar Industries Ltd.
13.7 Aksh Optifibre
13.8 Polycab India Limited
13.9 Vindhya Telelinks Ltd. (Mp Birla Group)
13.10 Universal Cables Ltd. (Mp Birla Group)
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent End-Use Industries
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
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