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Industrial Display System Market Share

ID: MRFR//2282-HCR | 100 Pages | Author: Aarti Dhapte| December 2024

The customer is the first step in any good plan for creativity. Innovation that focuses on what the customer wants opens up a way for people to help make things and services better. In addition, by helping businesses learn more about the jobs customers need to do and the outcomes they want, they can keep improving their goods and services. Find the gaps in what your target market wants and needs, then make a plan for creativity that uses the newest technologies to fill those gaps. Meeting customers' needs leads to more customer involvement, which opens up new ways to come up with new ideas. If any part of this engine is driven, it should move faster and help the business grow even more.
Businesses do study on competitive pricing to figure out whether their prices should be the same as, higher than, or lower than those of their competitors. A competitive pricing strategy, on the other hand, doesn't look at production costs but instead at what customers want and what other companies are charging to find the best end price. Companies can charge more than the market value for their goods and services if they can prove that they are better than their competitors. This might mean adding features, giving customers longer insurance, or spending more on marketing to make the brand seem more "luxury."
Companies are spending money on good marketing and brand placement plans to get ahead in the market. If you want to have a great brand, you need to show your business in a constant, familiar way that gives your goods and services value. A strong brand, which is basically the basis of a great business, comes from branding tactics that work. Customers who buy from you often usually pay more for the things. 57% of customers are ready to pay more for brands they really care about, according to studies. Fans of a business often buy from them again. They keep up with you to learn more about the company and its goods and can't wait for the next product release from the company. Customers are committed to a brand when they consistently have a good emotional experience with it, when the product makes them happy, and when they think the brand is valuable. It depends on what a person has done with a business.
Customization and offering a range of products in different ways are two more important ways to compete for market share. Companies that are smart know that each business has different needs, so they make sure that their industrial display systems meet those needs. Customization lets makers make goods for many different industries, like manufacturing, healthcare, and energy, and make sure that their products meet the unique needs and requirements of each. Businesses can keep customers longer and make them happier by finding display options that work with their working goals.
Finally, smart deals and acquisitions can help you get a bigger part of the market. Businesses could buy peers or related businesses to improve their product lines, get more customers, and share their resources. When two or more businesses join together, they can save money and become more competitive.

Covered Aspects:

Report Attribute/Metric Details
Base Year For Estimation 2022
Historical Data 2018- 2022
Forecast Period 2023-2032
Growth Rate 6.80% (2023-2032)

Industrial Display System Market Highlights:

Industrial Display System Market Trends
Industrial Display System Market Analysis
Industrial Display System Market Share
Industrial Display System Companies

Global Industrial Display System Market Overview:


Industrial Display System Market Size was valued at USD 4.8 Billion in 2023. The Industrial Display System Market industry is projected to grow from USD 5.1264 Billion in 2024 to USD 8.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.88% during the forecast period (2024 - 2032). Increased use of LED displays for video walls and digital signage systems, as well as increased acceptance of foldable and flexible panels are the key market drivers enhancing the market growth.


The global industrial display market has been witnessing significant product developments. The growing competition among industrial display manufacturers has led to the development of products with high-end specifications. Recent technological upgrades have also enabled various advanced features in display devices, such as high resolution & readability, environmental stability, rugged, improved contrast ratio, low power consumption, etc.


Industrial Display System Market


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


The modules inside display monitors are created using high-quality industrial-grade components to enable them to withstand the demands of industries such as oil & gas, mining, power generation, and so on. For instance, recently, on Jan. 31, 2023, KYOCERA SLD (KSLD) Laser, Inc., a leading global provider of commercialized laser light sources, launched a high-power blue laser diode product line for industrial, biomedical, defense, and display applications. 


At the SPIE Photonics West Exhibition, the company demonstrated GaN-based laser products, innovations in LiFi communication, high-efficiency laser diodes for AR/VR applications, and optical power transfer.



  • On May 23, 2022, Gamma Scientific Inc. launched a near-eye display measurement system, Rx-series. The system can measure optical clarity and image quality for optical corrections such as near-sightedness, astigmatism, and far-sightedness. The series enables the rapid development and manufacturing of vision-corrected near-eye display devices. Further, the device can be used to advance the development of smart glasses for broad consumer adoption and industrial & medical applications.


Industrial Display System Market Trends




  • Variety of visual display demands in industrial settings propels market growth.




Market CAGR for industrial display system is being driven by the variety of visual display demands in industrial settings. Even though the billboard industry is still feeling the heat from environmental regulations, massive industrial displays remain in demand because they provide an effective way of communication. High-performance large industrial monitors are also becoming increasingly important for accessing real-time data that increases productivity as industrial automation and robots accelerate. Applications for large industrial displays are expected to take on new dimensions as the demand for HMIs to monitor production processes grows. Manufacturers will continue to place a high emphasis on design distinction in order to clinch a sale, which has encouraged the development of a variety of flexible, foldable, and smaller new-age displays.


LED displays are the most common type of display technology utilized in a variety of applications. Miniaturization of the parts required to produce LED screens in recent years has enabled LED panels to become ultra-thin and grow to enormous sizes, allowing screens to rest on any surface. As a result, the screens are in more demand. Furthermore, technological improvements have enabled these screens to provide higher-resolution images and videos, which are now commonly used in huge video walls and digital signage solutions. Advertising, promotion, and digital billboards are examples of digital signage applications that help brands stand out from the crowd. Sony Corporation introduced premium direct-view LED professional displays, the Crystal LED C-Series and B-Series, in January 2021, for use in corporate showrooms, lobbies, and production facilities. These changes would have a positive impact on the Display Industry outlook during the projection period.


Because of the flexible substrates used in their manufacture, flexible panel displays are bendable. These lightweight, thin, and long-lasting flexible substrates can be made of plastic or flexible glass. These flexible panels are bent or curved by manufacturers and used in end goods such as cellphones, PCs, and laptops. This element fuels demand for flexible display panels. Flexible display technology, centred on OLED display panels, underpins foldable phones. Displays with foldable panels have been increasingly common in smartphones, tablets, and notebooks in recent years. These foldable panels are increasingly being used in high-end smartphones. Premium smartphones are becoming more popular as users' disposable money rises.



  • For, instance, In August 2022, Samsung has announced the release of its new premium smartphone, the Galaxy Z Fold4. This smartphone includes enhanced display features thanks to foldable display panels based on dynamic AMOLED 2X. These reasons are expected to boost the size of the Display Market.


Industrial Display System Market Segment Insights:


Industrial Display System Technology Insights


The Industrial Display System Market segmentation, based on Technology includes OLED, LED-backlit LCD, Interferometry modulator display (IMOD), E-paper, Laser phosphor display (LPD), Quantum dot LED. During the projected period 2022-2032, the OLED segment has the greatest market CAGR. The segment's expansion in the Display Market is being driven by high demand for a better viewing experience, technological advancements, and the wide uses of OLED panels across industry verticals. OLED displays are brighter, have more contrast and wider viewing angles, are faster to respond, and use less electricity.


Over the projected period, OLED and LCD subsegments are projected to account for the lion's market share. Factors such as technological advances and the increasing popularity of OLED and LCD monitors drive the growth of these segments. Some notable industry players are also increasingly focusing on developing Thin-Film-Transistor (TFT) and Super Fine TFT (SFT) technologies.



  • For instance, on Jan.06, 2022, Review Display Systems (RDS) announced the availability of a 10.4-inch TFT P-series display module from industrial display manufacturer Tianma. Super Fine TFT (SFT) technology-enabled industrial 10.4-inch display offers a wide viewing angle and consistent color. Tianma's P-series display modules are designed for reliable, long-term operation in harsh application environments.


Industrial Display System Display Type Insights


The Industrial Display System Market segmentation, based on Display Type, includes Flat Panels, Transparent, Flexible Panels And Others. During the forecast period, the flat panel sector will dominate the market. Flat-panel displays are widely used in a variety of end-use industries, including video walls, digital posters, monitors, and televisions. Curved panels are widely used in entertainment, gaming, design, automotive, and manufacturing applications. To meet a variety of customer expectations, these panels are widely used in TVs, monitors, smartphones, and wearable gadgets.


Figure 1: Industrial Display System Market, by Display Type, 2022 & 2032 (USD Billion)


Industrial Display System Market, by Display Type


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Industrial Display System Application Insights


Based on application, the worldwide Industrial Display System Market is divided into Laptop And PC Monitor, Digital Signage And TV, Tablets And Smartphones, Public Transport And Vehicles, Smart Wearable, E-Readers, Smart Industrial Appliances, Gaming Consoles, Entertainment, Sports, And Others. Tablets and smartphones held the largest proportion of the Display Market over the predicted period. The availability of UHD content, rising demand for 4K and 8K displays, rising use of OLED displays in smartphones, rising demand for flexible display panels, and rising investments in the construction of new OLED and LCD panel manufacturing facilities are all driving the smartphone application segment in the Display Industry.


Industrial Display System End-User Insights


Transportation, Healthcare, Aerospace, Defence & Government, Automotive Industry, BFSI, Retail, Education, Hospitality, and Others comprise the worldwide Industrial Display System Market segments. During the predicted period, the retail sector held the largest market share. Digital advertisements are required in the core region for product and service marketing and promotion. Retailers are embracing a modern advertising approach, driving up demand for commercial-grade televisions and digital signs. The hospitality business is another key driver to market increase, owing to the growing number of hotels, motels, restaurants, QSs, cafés, and bars.


Industrial Display System Regional Insights


By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Industrial Display System Market area will dominate this market, owing to the region's high need for display technology and automation solutions from the manufacturing and oil & gas industries.


Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: Industrial Display System Market SHARE BY REGION 2022 (USD Billion)


Industrial Display System Market SHARE BY REGION


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe Industrial Display System Market accounts for the second-largest market share due to rising investment in IIoT applications and multi-featured HMI devices may hasten the adoption of industrial display capabilities in this industry. Further, the German Industrial Display System Market held the largest market share, and the UK Industrial Display System Market was the fastest growing market in the European region


The Asia-Pacific Industrial Display System Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to increased disposable income of the consumers, the presence of big manufacturers and their continual R&D operations. Moreover, China’s Industrial Display System Market held the largest market share, and the Indian Industrial Display System Market was the fastest growing market in the Asia-Pacific region.


Industrial Display System Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Industrial Display System Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Industrial Display Systemindustry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Industrial Display System industry to benefit clients and increase the market sector. In recent years, the Industrial Display System industry has offered some of the most significant advantages to medicine. Major players in the Industrial Display System Market, including BOE Technology Group Co. (China), Sharp Corp. (Japan) Varitronix International Limited (Hong Kong), Hannstar Display Corp. (Taiwan), Universal Display Corp. (U.S.) and others, are attempting to increase market demand by investing in research and development operations.


Samsung Group is a multinational manufacturing group based in Samsung Town, Seoul, South Korea. It is the largest South Korean chaebol, consisting of multiple related enterprises, the majority of which are combined under the Samsung name. Samsung has the ninth greatest worldwide brand value as of 2020. In January 2022,  Samsung Display has bought Cynora and is developing improved OLED. Samsung South Korean corporation purchased Cynora's unique technology on organic light-emitting diode (OLED) panels used in foldable Smartphones through this acquisition.


LG Corporation is a South Korean multinational business created by Koo In-hwoi and operated by his family's continuous generations. It is South Korea's fourth-largest chaebol. Its headquarters are located in Yeouido-dong, Yeongdeungpo District, Seoul, at the LG Twin Towers skyscraper. In May 2022, LG Display partnered with Astronics Corporation, a leading supplier of sophisticated technologies. The firms hoped to supply the aviation industry with best-in-class OLED display technologies through this collaboration. This collaboration would also grant Astronics permission to use LG Display's extensive family of guided OLED displays, as well as technical support for evolution and combination from LG Display engineering help.


Key Companies in the Industrial Display System market include




  • Samsung Electronics Co., Ltd. (South Korea)




  • LG Display Co., Ltd. (South Korea)




  • AU Optronics Corp. (Taiwan)




  • Japan Display Inc., (Japan)




  • Innolux Corp. (Taiwan)




  • BOE Technology Group Co. (China)




  • Sharp Corp. (Japan)




  • Varitronix International Limited (Hong Kong)




  • Hannstar Display Corp. (Taiwan)




  • Universal Display Corp. (U.S.)




  • TCL Display Technology Holdings Limited (Hong Kong)




  • E Ink Holdings Inc. (Taiwan)




Industrial Display System Industry Developments


In April 2024, On Wednesday, the world's largest manufacturer of personal computers and printers, HP, introduced the Envy x360 14 laptops along with innovative artificial intelligence (AI) technologies for the Indian creators' community.


The new laptops are equipped with a button on the keyboard called Microsoft CoPilot, which enables generative artificial intelligence capabilities such as guided search, content development, and other similar functions.


There are two color options for the HP Envy x360 14 laptop, which can be purchased either in meteor silver or atmosphere blue. The starting price for this laptop is Rs 99,999.


The gadget has a weight of 1.4 kilograms and has an OLED touch panel that is 14 inches in size. Additionally, it is equipped with Intel Core Ultra processors, which allow for high-end production using applications like as Adobe Photoshop, according to a statement released by the firm.


"The laptops also come with a Neural Processing Unit (NPU) that helps with battery optimisation by 65 per cent for uninterrupted creativity and productivity," the organization said further.


In order to provide superior video capabilities, the HP Envy x360 14 laptops come pre-installed with Windows Studio effects. It offers functions that are powered by artificial intelligence, such as automatically zooming in and cropping the picture as the user progresses along.


"Continuing its commitment towards sustainability, HP has designed the new Envy x360 14 laptops with up to 55 per cent recycled metal," according to the business's announcement.


The gadget claims that it has a battery life that lasts for more than 14 hours, that it has a fast connection with Wi-Fi 7, and that it has a sophisticated thermal solution that allows for strong performance without producing noise that is disruptive.


In May 2022, LG Electronics has announced the release of their OLED TV lineup for 2022. The 2022 OLED portfolio includes the most variety of OLED TVs. This includes the world's largest OLED TV, the LG OLED EVO, which measured 246cm wide.


In May 2022, Panasonic unveiled the 2022 core and premium TV lineup, which includes revolutionary OLED and Core LED models ranging in size from 77 to 42 inches. Ultra HD OLED panels, which enhance picture quality with advanced sensors for ambient colour and brightness to adjust for the optimal viewing experience, are among the highlights of these goods.


Industrial Display System Market Segmentation:


Industrial Display System Market By Technology Outlook




  • OLED




  • LED-backlit LCD




  • Interferometry modulator display (IMOD)




  • E-paper




  • Laser phosphor display (LPD)




  • Quantum dot LED




Industrial Display System Market By Display Type Outlook




  • Flat Panels




  • Transparent




  • Flexible Panels




  • Others




Industrial Display System Market By Application Outlook




  • Laptop And PC Monitor




  • Digital Signage And TV




  • Tablets And Smartphones




  • Public Transport And Vehicles




  • Smart Wearable




  • E-Readers




  • Smart Industrial Appliances




  • Gaming Consoles




  • Entertainment




  • Sports




  • Others




Industrial Display System Market By End-User Outlook




  • Transportation




  • Healthcare




  • Aerospace




  • Defense & Government




  • Automotive Industry




  • BFSI




  • Retail




  • Education




  • Hospitality




  • Others




Industrial Display System Regional Outlook




  • North America







    • US




    • Canada







  • Europe







    • Germany




    • France




    • UK




    • Italy




    • Spain




    • Rest of Europe







  • Asia-Pacific







    • China




    • Japan




    • India




    • Australia




    • South Korea




    • Australia




    • Rest of Asia-Pacific







  • Rest of the World







    • Middle East




    • Africa




    • Latin America




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