The Industrial Display System industry plays a crucial role in a wide range of sectors, from manufacturing to transportation to healthcare. Understanding the key statistics and trends within this industry is essential for businesses looking to stay competitive and innovative. In this blog post, we will delve into the latest statistics and insights shaping the Industrial Display System industry landscape.
The Latest Industrial Display System Industry Statistics Explained
The global Industrial Display System Market is expected to grow at a CAGR of 5.4% from 2021 to 2026.
The statistic indicates that the global Industrial Display System Market is projected to experience a Compound Annual Growth Rate (CAGR) of 5.4% over the period from 2021 to 2026. This suggests that the market for industrial display systems is expected to expand steadily at an annual average rate of 5.4% during this timeframe. This growth rate highlights the anticipated increase in demand for industrial display systems worldwide, driven by factors such as technological advancements, increasing automation in industrial processes, and the adoption of display technologies in various industries. The CAGR provides a useful metric for assessing the market’s growth trajectory over a specific time period, offering insights into the market’s potential size and opportunities for stakeholders in the industrial display system industry.
The industrial display market was valued at USD 4.37 billion in 2020.
The statistic “The industrial display market was valued at USD 4.37 billion in 2020” represents the total financial worth of the industrial display market in the year 2020. This value indicates the amount of money generated from the sales of industrial display products within that specific timeframe. It serves as a key metric for assessing the size and significance of the industrial display market, providing valuable insights into the industry’s economic performance and growth potential. This statistic is crucial for market analysts, businesses, and investors as it helps in understanding the market dynamics, trends, and opportunities within the industrial display sector. Additionally, it can be used to benchmark performance, forecast future trends, and inform strategic decision-making processes.
Touch-based industrial display technologies hold the largest market share accounting for more than 35% in 2019.
This statistic indicates that touch-based industrial display technologies were the most widely used type of display technology within the industrial sector in 2019, holding a market share exceeding 35%. This suggests that a significant portion of industrial organizations preferred touch-based displays for their operational needs over other types of display technologies such as non-touch displays or other interactive interfaces. The high market share signifies the popularity and perceived value of touch-based displays in facilitating user interaction and enhancing operational efficiency within industrial settings.
The industrial display market in the Asia-Pacific was the largest in 2019 amounting to USD 1.6 billion.
The statistic indicates that the Asia-Pacific region had the largest market size for industrial displays in 2019, with revenues totaling USD 1.6 billion. This suggests that a significant portion of the global demand for industrial displays comes from countries within the Asia-Pacific region. The sizeable market value reflects the importance and growth of industries relying on industrial displays in the region, including manufacturing, automotive, and healthcare sectors. This statistic also implies potential opportunities for businesses operating in the industrial display market to capitalize on the high demand and explore strategic partnerships or market expansion in the Asia-Pacific region.
North America holds the second biggest market share in the industrial display industry and is expected to maintain its position till 2026.
The statistic indicates that, within the industrial display industry, North America currently ranks second in terms of market share, with expectations to maintain this position until 2026. This suggests that North America possesses a significant portion of the market demand for industrial display products, trailing behind only the leading region or country. The projection also implies stability and a relatively strong market presence for North America in the industrial display industry over the coming years. Factors such as technological advancements, economic conditions, and market dynamics will likely play a role in determining whether North America can sustain its position in the industry.
LCD technology holds the highest market share in the industrial display market.
The statement “LCD technology holds the highest market share in the industrial display market” indicates that among the various technologies available for industrial displays, LCD (Liquid Crystal Display) technology is the most widely adopted and preferred choice by consumers and businesses. This statistic suggests that LCD displays are popular among industrial users due to their high image quality, energy efficiency, versatility, and reliability. The dominance of LCD technology in the industrial display market signifies its competitive advantage and strong position in meeting the needs and requirements of industries for visual display solutions.
The demand for industrial displays in marine applications is expected to grow rapidly with a CAGR of 10% from the year 2018-2028.
The statement indicates that the demand for industrial displays specifically used in marine applications is projected to increase significantly over the period from 2018 to 2028, with a Compound Annual Growth Rate (CAGR) of 10%. This implies that on average, the demand for these displays is expected to expand by 10% each year during this timeframe. The forecast suggests a strong and sustained growth trend in the market for marine industrial displays, potentially driven by factors like technological advancements, increased adoption of digital interfaces in marine equipment, and overall growth in the marine industry. This information can be valuable for stakeholders in the display manufacturing industry, marine technology companies, and investors seeking opportunities in this sector.
The OLED technology segment of the industrial display market is expected to grow at the fastest rate during 2020-2025.
The statement indicates that within the industrial display market, the OLED technology segment is projected to experience the most rapid growth between 2020 and 2025. This suggests that OLED technology is anticipated to gain significant traction and market share compared to other display technologies during this period. Factors driving this growth could include increasing demand for high-quality displays with features such as better color reproduction, higher contrast ratios, and energy efficiency, which OLED technology is known to excel at. Furthermore, innovations and advancements in OLED technology may also play a role in its projected growth rate within the industrial display market.
Europe is expected to hold a 24% market share in the Industrial Display System market by 2024.
This statistic indicates that Europe is projected to account for a significant portion, specifically 24%, of the market share in the Industrial Display System market by 2024. This suggests that the European region is expected to be a key player in the industry, showcasing its importance and influence in the market. Companies operating in Europe or looking to expand into the region may find this information crucial for strategic planning and decision-making, as it gives insights into the competitive landscape and market opportunities within the Industrial Display System market in Europe.
The Industrial Display System Industry is largely consolidated with the top 5 players accounting for 60% of the market share.
This statistic indicates that the Industrial Display System Industry is dominated by a relatively small number of key players, with the top five companies collectively holding a significant share of the market, specifically 60%. This level of market consolidation suggests that these leading players wield substantial influence and control over the industry, potentially making it difficult for smaller or newer companies to compete effectively. The concentration of market share in the hands of a few key players also highlights the competitive nature of the industry and the importance of strategic positioning and differentiation for companies vying for a share of the market.
The demand for panel-mount monitors in industrial display market is likely to witness a growth rate of over 5.5% up to 2024.
This statistic suggests that the demand for panel-mount monitors in the industrial display market is expected to increase at a rate exceeding 5.5% annually through the year 2024. This growth rate indicates a positive trend in the market, with an anticipated rise in the adoption of panel-mount monitors within industries. Such growth could be driven by factors such as technological advancements, increasing automation in industrial processes, and the need for reliable and durable display solutions in industrial settings. The forecasted growth rate signifies potential opportunities for manufacturers and suppliers in this market segment to capitalize on the increasing demand for panel-mount monitors over the coming years.
The manufacturing sector accounted for over 15% of the industrial display market share in 2017.
The statistic indicates that in 2017, the manufacturing sector held a significant portion of the industrial display market, with a share of over 15%. This suggests that manufacturing companies were important players in the market for industrial display products that year. The high market share held by the manufacturing sector implies a strong demand for industrial display technologies within this industry, potentially driven by factors such as automation, digitalization, and the need for advanced visual monitoring and control systems in manufacturing processes. As such, the statistic highlights the prominent role that the manufacturing sector played in shaping the industrial display market landscape in 2017.
Heavy-duty monitors in the industrial display market are anticipated to showcase a tremendous growth rate of approximately 6% between 2019 and 2025.
The statistic indicates that heavy-duty monitors within the industrial display market are expected to experience significant growth at a rate of approximately 6% per year from 2019 to 2025. This growth rate suggests a positive trend in the demand for heavy-duty monitors, likely driven by increased industrial activities and advancements in technology. The strong growth projection implies that businesses in the industrial sector are recognizing the importance of high-performance, durable displays for their operations. This anticipated growth rate of 6% highlights the potential opportunities for manufacturers and suppliers in the industrial display market to capitalize on this trend and expand their market share in the coming years.
The LED-backlit LCD-based industrial display technology segment accounted for more than half of the total market share in 2015.
The statistic suggests that in 2015, the LED-backlit LCD-based industrial display technology segment held the majority market share within the industrial display technology industry. This implies that more than half of the total sales or revenue within this market were driven by products utilizing LED-backlit LCD technology for industrial displays. The dominance of this particular segment indicates its popularity and adoption by consumers and businesses during that time period, possibly due to factors such as energy efficiency, display quality, and cost-effectiveness compared to other technologies available in the market.
The industrial sector in the U.S. accounted for over 15% of GDP in 2019, demonstrating the growth potential for Industrial Display System Industry in the region.
The statistic that the industrial sector in the U.S. accounted for over 15% of GDP in 2019 highlights the significant economic contribution of the industry to the country’s overall output. This suggests a strong foundation and growth potential for industries closely associated with the sector, such as the Industrial Display System Industry. With such a substantial portion of the GDP tied to the industrial sector, there is ample opportunity for businesses functioning within this segment to thrive and expand. This statistic underscores the importance and potential for growth within the Industrial Display System Industry in the U.S., as it operates within a sector that is integral to the country’s economic landscape.
By 2025, the Human-Machine Interface (HMI) display type is expected to dominate the market with more than 35% share.
This statistic indicates that by the year 2025, the Human-Machine Interface (HMI) display type is projected to have a significant impact on the market, surpassing other types of displays with a market share of over 35%. This suggests a growing reliance on HMI technologies in various industries, such as automotive, manufacturing, and consumer electronics, where visual interfaces play a crucial role in facilitating interactions between humans and machines. The dominance of HMI displays signifies a shift towards more intuitive and user-friendly interfaces, potentially leading to improved efficiency, productivity, and user experience across different sectors.
Programmable Display terminals segment accounted for maximum share of 40% of the industrial display market in 2019.
The statistic indicates that in 2019, the Programmable Display terminals segment held the largest market share of 40% in the industrial display market. This means that out of all the different types of industrial display products available, Programmable Display terminals comprised the highest portion of sales or market demand. This information suggests that Programmable Display terminals were a popular choice among industrial users and were likely preferred for their functionality, versatility, or other appealing features compared to other types of industrial displays. Understanding this market share distribution can help businesses in the industry make informed decisions about product development, marketing strategies, and meeting the needs of their target consumers.
By 2025, the rugged displays segment in the industrial Display System Industry is expected to reach a value of 10 Billion USD.
The statistic indicates that by the year 2025, the rugged displays segment within the industrial display system industry is projected to achieve a market value of 10 billion USD. This suggests a substantial growth opportunity in the rugged displays market, driven by a combination of factors such as increasing demand for durable and reliable display solutions in industrial settings. The projection of reaching a 10 billion USD market value underscores the significant size and potential of the rugged displays segment within the industrial display system industry by 2025, highlighting it as a key area of focus for businesses and investors looking to capitalize on this anticipated growth.
Conclusion
Overall, the statistics presented highlight the significant growth and importance of the Industrial Display System industry. With increasing demand for advanced technology in various sectors, the future looks promising for companies operating in this market. It is crucial for businesses to stay updated with the latest trends and innovations to remain competitive in this rapidly evolving industry.
References
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