Global industrial display market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 6.87% during forecast period.
Market Definition
Industrial display is display system, which provides a wide range of reliable display screens with improved display kits, digital signage displays, industrial touch monitors and configured monitors.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Market Dynamics
Growing demand of for human machine interface (HMI) devices is the major key driver behind the growth of market. Industrial display provides some benefits such as cost effectiveness, durability, system reliability, extreme adaptability, speed, system efficiency, lightweight technology, low-power usage, easy installation; extended product lifespan and customizable features are ultimately improving the market growth. Furthermore, rising acceptance of IoT based devices, increased development in LED-backlit LCD-based display solutions, technological development of high specification display devices and increasing demand of digital signage displays are expected to witness fast growth during forecast period.
However, high initial cost related with implementation of industrial displays is the major restarting factor that could hamper the growth of market. Also, display equipment required for developing and designing displays for all weather conditions could hinder the growth of market.
Global Industrial Display Market: Segmentation Analysis
By type, rugged displays and panel mount monitor segments dominated the market in 2019 and are expected to keep its dominance with the CAGR of XX% during forecast period. Rugged displays are designed for difficult applications and challenging environment conditions. It is the most advantageous choice for commercial, industrial, and military systems including aerospace and defence and navy.
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