Large Industrial Displays Market Forecasts to 2028 – Global Analysis By Size (20”-40”, Above 40”), Product Type (Open Frame Displays, Panel Mount Displays), Technology (Liquid Crystal Display (LCD), Light Emitting Diode (LED)), and By Geography

Large Industrial Displays Market Forecasts to 2028 – Global Analysis By Size (20”-40”, Above 40”), Product Type (Open Frame Displays, Panel Mount Displays), Technology (Liquid Crystal Display (LCD), Light Emitting Diode (LED)), and By Geography

According to Stratistics MRC, the Global Large Industrial Displays Market is accounted for $2.81 billion in 2022 and is expected to reach $3.98 billion by 2028 growing at a CAGR of 6.0% during the forecast period. Large industrial displays refer to displays used in industrial control processes or equipment. It adopts industrial-grade liquid crystal display, which can adapt to extreme environment, high price, stable operation and long service life. Thinner, larger industrial displays exceed their wider equivalents in terms of performance, resolution, and space consumption, greatly increasing the productivity of real-time data visibility.

In 2021, the outdoor advertising corporation Lamar Advertising, had 3,932 digital billboard displays in the United States and Canada. That year, the company generated 460 million U.S. dollars revenue with digital billboards. The shipment forecast for the foldable and rollable display panel market worldwide is entering all the listed devices by 2025. Foldable smartphone displays are expected to dominate the market, with estimates suggesting that as many as 75.6 million foldable smartphone displays are shipped in 2025.

Market Dynamics:

Driver:

Meeting diverse visual display demand in industrial environments

As the billboard industry continues to face the heat of environmental regulations, the large industrial displays remain sought-after as they provide an effective means of communication. Furthermore, as industrial robotics and automation is gathering pace, high-performance large industrial displays are becoming a necessity for visibility of real-time data that drives productivity. Surging demand for human-machine interface devices to monitor manufacturing processes is likely to impart a new dimension to applications of large industrial displays. Design differentiation will remain a key focus area for manufacturers, aiming sales closure, which has initiated the entry of a series of new-age displays - flexible, foldable, and slimmer.

Restraint:

Negative effects of OLEDs

OLEDs are ideal for devices like mobile phones, as consumers are likely to change these regularly, which is less likely with a bigger purchase, like a television. The organic materials used in OLEDs are affected by the environment, they’re sensitive to moisture and screen discoloration occurs if subjected to direct sunlight and heat. However, while the positives of OLED technology are many, its list of negatives is quite stark. Issues with heat, moisture, loss of brightness, pixel burnout and expense to the customer, soon take away from its positives.

Opportunity:

Emerging applications of flexible displays

New grounds within industries are evolving the addition of electronics and technologies for the development of the large industrial displays market. The consumer preference towards a single board computer integration i.e. all-in-one concept and a user-friendly touch monitor, is designed to serve as a reliable and flexible platform, which is anticipated to result in the healthy growth of the large industrial displays market.

Threat:

Battle of adoption’ from ‘screen-less

It has been observed, recently, that slimmer large industrial displays beat their wider equivalents in terms of performance, resolution, and space consumption, which enhances their degree of marketability. As end users’ quest for optimizing manufacturing capabilities can be better met with slim-framed large industrial displays, their adoption is likely to remain high in key industries, such as automotive & transportation, and electrical & electronics. However, large industrial displays are likely to face the ‘battle of adoption’ from the latest breakthrough technology, i.e. screen-less displays 4k display resolution and projectors. With massive energy demands of large industrial displays, it is highly likely that the ‘screen-less’ will pose strong competition to both, large displays and touchscreen displays.

Covid-19 Impact

COVID-19 has impacted businesses of several industries, hampering automation and industrial process control. This has impacted the use of HMI, SCADA, and distributed control systems. The impact of COVID-19 on this ecosystem of industrial control systems has challenged the Large Industrial Displays market. Despite obstacles faced amid COVID-19 outbreak, large industrial displays market exhibited impressive 3.0% year-on-year growth between 2020 and 2021.

The organic light emitting diode (OLED) segment is expected to be the largest during the forecast period

The organic light emitting diode (OLED) segment is estimated to have a lucrative growth. The increasing demand for video walls can be directly related to the global development of the OLED technology. The growing influences such as green technology and safety security concerns are anticipated to boost the development of the large industrial displays market. Manufacturers are continuously enhancing and refining their pipeline competencies and its well-established existence in the large industrial displays market by introducing new technology OLED products. Besides digital signage, the lightweight OLEDs are also marking a flourishing trend in the large industrial displays market.

The oil & gas segment is expected to have the highest CAGR during the forecast period

The oil & gas segment is anticipated to witness the fastest CAGR growth during the forecast period. The oil and gas has played a vital role in the economic transformation of the world, but the industry is on the cusp of a new era. Digital transformation can deliver increased operational efficiency and workplace safety, as well as minimize the environmental impact of the industry. Large industrial displays are especially significant in the oil & gas industry where understanding rough ambient conditions, extreme temperatures, a high degree of pollution and operation is not only a key primarily to safety but also to improving profitability.

Region with largest share:

North America is projected to hold the largest market share during the forecast period. The U.S. and Canada have been, and will continue to spectate the growth in the manufacturing capabilities of numerous industries, as innovation drives automation and advancement in the landscape. The requirement for high clarity megapixel display screens and technological advancements has fueled the large industrial display system market in North America. The rising demand for industrial display monitors makes North America the leading holder of industrial display system industry share.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period. China accounted largest market share due to presence of major manufacturers of large industrial displays in the country. As foreign investments move towards developing countries, demand for automation and IoT is likely to influence sales of large industrial displays in East Asia. Besides, the growing demand for consumer electronics and the shift in preferences of the people towards smart home and smart office environments, the rise in disposable incomes of the population is also majorly driving growth in the large industrial display market.

Key players in the market

Some of the key players profiled in the Large Industrial Displays Market include Arista Corporation, Axiomtek, AU Optronics, BOE Technology Group, Daktronics, Elo Touch Solutions, IP Displays, Neuro Logic Display, Kontron, NEC Display Solutions, Pro-face, Samsung, Sharp, Sparton Corporation, and Winmate.

Key Developments:

In January 2020, Axiomtek introduced the GOT115-319, a 15-inch fanless touch panel computer with a thickness of only 50 mm to use in space-constrained environments. It is powered by the Intel Celeron processor N3350 or Intel Pentium processor N4200 with the Intel GFX controller onboard.

In July 2019, Neuro Logic Display launched the new PM-10.1-DVI-28 rugged display, which is designed and certified for installation in military aircraft. To meet the challenging lighting conditions common in a military aircraft cockpit, the PM-10.1-DVI-28 features a Dual-Mode, High-Brite/NVIS backlight system with luminance adjustment from 1300 cd/m2 for visibility in glaring direct sunlight conditions, down to <0.5 cd/m2 for night time NVIS compatible conditions suitable for viewing with NVGs.

Sizes Covered:
• 20”-40”
• Above 40”

Product Types Covered:
• Open Frame Displays
• Panel Mount Displays
• Industrial Monitors
• Video Walls

Technologies Covered:
• Liquid Crystal Display (LCD)
• Light Emitting Diode (LED)
• Organic Light Emitting Diode (OLED)

End Users Covered
• Discrete Manufacturing
• Process Manufacturing
• Oil & Gas
• Industrial Energy

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements