The Industrial IoT Display Market size was valued at USD 0.86 Billion in 2023 and is expected to grow to USD 2.673 Billion by 2032 and grow at a CAGR Of 13.43 % over the forecast period of 2024-2032.
Displays used with complicated industrial systems that are networked so that their sensor data is delivered over the Internet for remote monitoring and performance analysis are known as industrial Internet of Things (loT) displays. The market is expected to experience considerable growth due to the increase in demand for cutting-edge, innovative, and affordable loT displays.
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However, due to the adoption of cutting-edge technology like lof-enabled and AR/VR devices, the majority of industrial loT displays now on the market are pricey. Hence, these are available devices on lease are probably going to increase their need for loT facilities, favoring market expansion.
The Industrial IoT Display Market's Largest Technology Segment In 2022, TFT-LCD technology held the majority of the industrial loT display market.TFT-LCD is in greater demand across a range of industries, including manufacturing. among other things, healthcare, transportation, and consumer electronics.
KEY DRIVERS:
Rise in penetration of the Internet of Things
Real-time data analysis and predictive maintenance are becoming increasingly important.
Predictive analytics is evolving and strengthening the industrial sector as a result of new technologies like the Industrial Internet of Things (IoT). Manufacturers are utilizing the powers of predictive analytics to improve their production capacity in response to the increased demand. Predictive analytics have been employed by nations like the US and China to enhance manufacturing on a worldwide scale. The manufacturing sector will heavily rely on predictive analytics technologies for forecasting
RESTRAIN:
High cost associated with industrial displays
High installation and maintenance expenses are a restriction.
The market's expansion in Asia Pacific, the Middle East & Africa, and South America, which are among the cost-sensitive markets, is significantly constrained by the high installation costs of industrial loT displays and HMI systems. The elevated installation of Industrial loT displays and HMI systems are more expensive because they include several stages, including consultation, purchase, implementation, and ongoing expenditures, which raise the cost to the installing company.
Smart field devices and industrial robots are two examples of advanced industrial automation technology that has been used as a result of the advent of smart manufacturing. The displays and HMIs must be more sophisticated with the newest functional standards in order to connect with these types of equipment.
OPPORTUNITY:
Surging new product launches.
Increasing industry need for digital signage
Digital signage is increasingly being used in manufacturing and oil & gas applications, according to industries. Interactive touchscreen signage, industrial-grade touchscreen monitors, and interactive display systems are utilized in digital signage displays. Depending on the usage and final application, different industrial settings exist.
Production display boards and other information displays, as well as digital display systems, are used to promote employee connection and engagement, communicate internal communications, offer correct information, and display crucial real-time data for lean production, among other things. The use of digital signage systems in the manufacturing industry can assist workers become more conscious of their safety, alert them to supply-chain issues, and speed up their response to production quality problems. Digital signage displays also aid in removing or minimizing.
CHALLENGES:
Increased security threats related to the cloud-based HMI technology provide a challenge.
By the lower initial costs, simplicity of use, and speedy deployment, cloud-loT displays are becoming more and more common. However, end users are very concerned about security issues related to cloud computing. Numerous users of the same service on a cloud-based platform raise concerns about data vulnerability. Sharing sensitive company data with outside service providers entails risk because data breaches can cost the organization a lot of money. Security issues are also brought on by the rise in virus and hacking incidents. If cloud service providers don't take the right security precautions, the entire information flow could be halted. Memory corruption, inadequate credential management, and coding are the main causes of vulnerabilities in loT displays and HMI.
IMPACT OF RUSSIAN UKRAINE WAR
Due to the crisis between Russia and Ukraine, chip scarcity now appears to be on the verge of worsening. Russia provides 449% of the world's palladium, while Ukraine generates a staggering 70% of the world's neon supply, placing both warring states among the top producers of crucial semiconductor raw materials. Chip-dependent companies like the Internet of Things are poised for considerable disruption because of the severely compromised supply networks from both nations. For many Internet of Things (IoT) developers, chip scarcity will result in greater operational expenses, poorer production output, and rarer, more costly goods on the market. This effect will likely have a negative impact in the short term on
IMPACT OF ONGOING RECESSION
The Internet of Things (IoT) market has suffered significantly as a result of the prolonged recession. The maintenance of operations is a challenge for many firms, therefore investing in IoT technology may not be a high priority. Disruptions in supply chains have also had an influence on the manufacturing and delivery of IoT components, causing delays and increased costs. The decline in consumer demand has also resulted in a decline in production, which has an impact on the use of IoT technologies in the industry. As more businesses turn to digital transformation to endure in these trying times, there is still opportunity for the IoT industry. Businesses may increase productivity and cut costs with the help of remote monitoring and predictive maintenance features provided by IoT systems, making it an appealing long-term investment.
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 (Digital Signage, Imaging, Video Walls)
By End-Use Industry
Manufacturing
Healthcare
Energy & Power
Transportation
Others (Oil & Gas and Mining)
Asia Pacific is anticipated to be the highest CAGR seen throughout the forecast period. Due to the adoption of the "Make in Asia" plan by important Asian nations like China, India, and Singapore, Asia Pacific is becoming a center for global manufacturing. For instance, the government's "Made in China 2025" initiative offers tax advantages, low-interest loans, and subsidies to high-tech sectors like robots and aluminum. As part of the nation's Smart Nation ambition, Singapore is also aggressively investing in industrial loT.
North America In terms of revenue and market share commands a lion's share of the maritime industrial display market. This is mostly because digital signs and HMIs are being adopted more frequently in this area, and there is also significant investment in Internet of Things technology and multi-featured HMI devices.
Asia-Pacific is predicted to experience the quickest growth over the projected period of 2023 to 2030. Due to its expanding manufacturing sector and expanding electricity generating sector.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The 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 the Middle East & Africa
Latin America
Brazil
Argentina
E Ink Holdings Inc. (Taiwan), BOE Technology Group Co., Ltd. (China), Advantech Co., Ltd. (Taiwan), Pepperl+Fuchs SE (Germany), Sharp Corporation (Japan), PDi Digital (Austria), Planar Systems, Inc. (US), Winmate Inc. (Taiwan), Maple Systems Inc. (US) and other players are listed in the final report.
Planar Systems Inc (US)-Company Financial Analysis
The UTC-5151 and 5201 are two new UTC-500 series products that Advantech Co., Ltd. released in September 2022. With 15.6-inch and 21.5-inch screens, new platform technology, and enhanced serviceability, they are all-in-one touch PCs. The UTC-5151/5201's fanless cooling architecture allows for deployment in challenging environmental conditions while also prolonging product lifespan by preventing dust and debris buildup inside the system. Its front panel is protected from water and dust thanks to its IP65 certification, meeting the demands of industrial and commercial settings.
In September 2022 A fine-pitch, high-brightness outdoor LED video wall designed for up-close viewing was added to Planar's line of outdoor fine-pitch LED display systems. The Planar Luminate Ultra Series LED video wall display's coated LEDs provide durability and great image detail in environments with high ambient light.
The Industrial IoT Display Market's Largest Technology Segment In 2022, TFT-LCD technology held the majority of the industrial loT display market. TFT-LCD is in greater demand across a range of industries, including manufacturing. among other things, healthcare, transportation, and consumer electronics.
| Report Attributes | Details |
| Market Size in 2023 | USD 0.86 Bn |
| Market Size by 2032 | USD 2.673Bn |
| CAGR | CAGR of 13.43% From 2024 to 2032 |
| Base Year | 2022 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| 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 (Digital Signage, Imaging, Video Walls) • By End-Use Industry (Manufacturing, Healthcare, Energy & Power, Transportation, Others (Oil & Gas and Mining) |
| 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) |
| Company Profiles | E Ink Holdings Inc. (Taiwan), BOE Technology Group Co., Ltd. (China), Advantech Co., Ltd. (Taiwan), Pepperl+Fuchs SE (Germany), Sharp Corporation (Japan), PDi Digital (Austria), Planar Systems, Inc. (US), Winmate Inc. (Taiwan), Maple Systems Inc. |
| Key Drivers | • Rise in penetration of the Internet of Things • Real-time data analysis and predictive maintenance are becoming increasingly important |
| Market Opportunities | • Surging new product launches. • Increasing industry need for digital signage |
Ans: High cost associated with industrial displays and High installation and maintenance expenses are a restriction.
Ans: Asia-Pacific is predicted to experience the quickest growth rate
Ans: The Industrial IoT Display Market size was valued at USD 0.86 Billion in 2023.
Ans: The Industrial IoT Display Market size is estimated to reach USD 2.35 Bn by 2031.
Ans: The Industrial IoT Display Market is to grow at a CAGR of 13.43 % over the forecast period 2024-2031.
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
12.2.1 North America Industrial IoT Display Market by Country
12.2.2North America Industrial IoT Display Market by Technology
12.2.3 North America Industrial IoT Display Market by Panel Size
12.2.4 North America Industrial IoT Display Market by End-Use Industry
12.2.5 North America Industrial IoT Display Market by Application
12.2.6 USA
12.2.6.1 USA Industrial IoT Display Market by Technology
12.2.6.2 USA Industrial IoT Display Market by Panel Size
12.2.6.3 USA Industrial IoT Display Market by End-Use Industry
12.2.6.4 USA Industrial IoT Display Market by Application
12.2.7 Canada
12.2.7.1 Canada Industrial IoT Display Market by Technology
12.2.7.2 Canada Industrial IoT Display Market by Panel Size
12.2.7.3 Canada Industrial IoT Display Market by End-Use Industry
12.2.7.4 Canada Industrial IoT Display Market by Application
12.2.8 Mexico
12.2.8.1 Mexico Industrial IoT Display Market by Technology
12.2.8.2 Mexico Industrial IoT Display Market by Panel Size
12.2.8.3 Mexico Industrial IoT Display Market by End-Use Industry
12.2.8.4 Mexico Industrial IoT Display Market by Application
12.3 Europe
12.3.1 Europe Industrial IoT Display Market by Country
12.3.2 Europe Industrial IoT Display Market by Technology
12.3.3 Europe Industrial IoT Display Market by Panel Size
12.3.4 Europe Industrial IoT Display Market by End-Use Industry
12.3.5 Europe Industrial IoT Display Market by Application
12.3.6 Germany
12.3.6.1 Germany Industrial IoT Display Market by Technology
12.3.6.2 Germany Industrial IoT Display Market by Panel Size
12.3.6.3 Germany Industrial IoT Display Market by End-Use Industry
12.3.6.4 Germany Industrial IoT Display Market by Application
12.3.7 UK
12.3.7.1 UK Industrial IoT Display Market by Technology
12.3.7.2 UK Industrial IoT Display Market by Panel Size
12.3.7.3 UK Industrial IoT Display Market by End-Use Industry
12.3.7.4 UK Industrial IoT Display Market by Application
12.3.8 France
12.3.8.1 France Industrial IoT Display Market by Technology
12.3.8.2 France Industrial IoT Display Market by Panel Size
12.3.8.3 France Industrial IoT Display Market by End-Use Industry
12.3.8.4 France Industrial IoT Display Market by Application
12.3.9 Italy
12.3.9.1 Italy Industrial IoT Display Market by Technology
12.3.9.2 Italy Industrial IoT Display Market by Panel Size
12.3.9.3 Italy Industrial IoT Display Market by End-Use Industry
12.3.9.4 Italy Industrial IoT Display Market by Application
12.3.10 Spain
12.3.10.1 Spain Industrial IoT Display Market by Technology
12.3.10.2 Spain Industrial IoT Display Market by Panel Size
12.3.10.3 Spain Industrial IoT Display Market by End-Use Industry
12.3.10.4 Spain Industrial IoT Display Market by Application
12.3.11 The Netherlands
12.3.10.1 Netherlands Industrial IoT Display Market by Technology
12.3.10.2 Netherlands Industrial IoT Display Market by Panel Size
12.3.10.3 Netherlands Industrial IoT Display Market by End-Use Industry
12.3.10.4 Netherlands Industrial IoT Display Market by Application
12.3.12 Rest of Europe
12.3.12.1 Rest of Europe Industrial IoT Display Market by Technology
12.3.12.2 Rest of Europe Industrial IoT Display Market by Panel Size
12.3.12.3 Rest of Europe Industrial IoT Display Market by End-Use Industry
12.3.12.4 Rest of Europe Industrial IoT Display Market by Application
12.4 Asia-Pacific
12.4.1 Asia Pacific Industrial IoT Display Market by country
12.4.2 Asia Pacific Industrial IoT Display Market by Technology
12.4.3 Asia Pacific Industrial IoT Display Market by Panel Size
12.4.4Asia Pacific Industrial IoT Display Market by End-Use Industry
12.4.5Asia Pacific Industrial IoT Display Market by Application
12.4.6 Japan
12.4.6.1 Japan Industrial IoT Display Market by Technology
12.4.6.2 Japan Industrial IoT Display Market by Panel Size
12.4.6.3 Japan Industrial IoT Display Market by End-Use Industry
12.4.6.4 Japan Industrial IoT Display Market by Application
12.4.7 South Korea
12.4.7.1 South Korea Industrial IoT Display Market by Technology
12.4.7.2 South Korea Industrial IoT Display Market by Panel Size
12.4.7.3 South Korea Industrial IoT Display Market by End-Use Industry
12.4.7.4 South Korea Industrial IoT Display Market by Application
12.4.8 China
12.4.8.1 China Industrial IoT Display Market by Technology
12.4.8.2 China Industrial IoT Display Market by Panel Size
12.4.8.3 China Industrial IoT Display Market by End-Use Industry
12.4.8.4 China Industrial IoT Display Market by Application
12.4.9 India
12.4.9.1 India Industrial IoT Display Market by Technology
12.4.9.2 India Industrial IoT Display Market by Panel Size
12.4.9.3 India Industrial IoT Display Market by End-Use Industry
12.4.9.4 India Industrial IoT Display Market by Application
12.4.11 Australia
12.4.10.1 Australia Industrial IoT Display Market by Technology
12.4.10.2 Australia Industrial IoT Display Market by Panel Size
12.4.10.3 Australia Industrial IoT Display Market by End-Use Industry
12.4.10.4 Australia Industrial IoT Display Market by Application
12.4.11 Rest of Asia-Pacific
12.4.10.1 APAC Industrial IoT Display Market by Technology
12.4.10.2 APAC Industrial IoT Display Market by Panel Size
12.4.10.3 APAC Industrial IoT Display Market by End-Use Industry
12.4.10.4 APAC Industrial IoT Display Market by Application
12.5 The Middle East & Africa
12.5.1 The Middle East & Africa Industrial IoT Display Market by Country
12.5.2 The Middle East & Africa Industrial IoT Display Market by Technology
12.5.3 The Middle East & Africa Industrial IoT Display Market by Panel Size
12.5.4The Middle East & Africa Industrial IoT Display Market by End-Use Industry
12.5.5 The Middle East & Africa Industrial IoT Display Market by Application
12.5.6 Israel
12.5.6.1 Israel Industrial IoT Display Market by Technology
12.5.6.2 Israel Industrial IoT Display Market by Panel Size
12.5.6.3 Israel Industrial IoT Display Market by End-Use Industry
12.5.6.4 Israel Industrial IoT Display Market by Application
12.5.7 UAE
12.5.7.1 UAE Industrial IoT Display Market by Technology
12.5.7.2 UAE Industrial IoT Display Market by Panel Size
12.5.7.3 UAE Industrial IoT Display Market by End-Use Industry
12.5.7.4 UAE Industrial IoT Display Market by Application
12.5.8South Africa
12.5.8.1 South Africa Industrial IoT Display Market by Technology
12.5.8.2 South Africa Industrial IoT Display Market by Panel Size
12.5.8.3 South Africa Industrial IoT Display Market by End-Use Industry
12.5.8.4 South Africa Industrial IoT Display Market by Application
12.5.9 Rest of Middle East & Africa
12.5.9.1 Rest of Middle East & Asia Industrial IoT Display Market by Technology
12.5.9.2 Rest of Middle East & Asia Industrial IoT Display Market by Panel Size
12.5.9.3 Rest of Middle East & Asia Industrial IoT Display Market by End-Use Industry
12.5.9.4 Rest of Middle East & Asia Industrial IoT Display Market by Application
12.6 Latin America
12.6.1 Latin America Industrial IoT Display Market by Country
12.6.2 Latin America Industrial IoT Display Market by Technology
12.6.3 Latin America Industrial IoT Display Market by Panel Size
12.6.4 Latin America Industrial IoT Display Market by End-Use Industry
12.6.5 Latin America Industrial IoT Display Market by Application
12.6.6 Brazil
12.6.6.1 Brazil Industrial IoT Display Market by Technology
12.6.6.2 Brazil Africa Industrial IoT Display Market by Panel Size
12.6.6.3 Brazil Industrial IoT Display Market by End-Use Industry
12.6.6.4 Brazil Industrial IoT Display Market by Application
12.6.7 Argentina
12.6.7.1 Argentina Industrial IoT Display Market by Technology
12.6.7.2 Argentina Industrial IoT Display Market by Panel Size
12.6.7.3 Argentina Industrial IoT Display Market by End-Use Industry
12.6.7.4 Argentina Industrial IoT Display Market by Application
12.6.8 Rest of Latin America
12.6.8.1 Rest of Latin America Industrial IoT Display Market by Technology
12.6.8.2 Rest of Latin America Industrial IoT Display Market by Panel Size
12.6.8.3 Rest of Latin America Industrial IoT Display Market by End-Use Industry
12.6.8.4 Rest of Latin America Industrial IoT Display Market by Application
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
13.2.1 Market Overview
13.2.2 Financials
13.2.3 Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Birla Cable Ltd. (Mp Birla Group),
13.3.1 Market Overview
13.3.2 Financials
13.3.3 Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Finolex Cables Limited
13.4.1 Market Overview
13.4.2 Financials
13.4.3 Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Kec International Ltd. (Rpg Enterprises),
13.5.1 Market Overview
13.5.2 Financials
13.5.3 Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Apar Industries Ltd.
13.6.1 Market Overview
13.6.2 Financials
13.6.3 Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Aksh Optifibre
13.7.1 Market Overview
13.7.2 Financials
13.7.3 Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Polycab India Limited
13.8.1 Market Overview
13.8.2 Financials
13.8.3 Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Vindhya Telelinks Ltd. (Mp Birla Group)
13.9.1 Market Overview
13.9.2 Financials
13.9.3 Product/Services/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Universal Cables Ltd. (Mp Birla Group)
13.10.1 Market Overview
13.10.2 Financials
13.10.3 Product/Services/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent End-Use Industries
15. USE Cases and Best Practices
16. Conclusion
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