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Industrial IoT Display Market by Technology (LCD, LED, OLED), Panel Size, Application (HMI, Remote Monitoring), End-use Industry (Manufacturing, Energy & Power, Oil & Gas, Mining, Transportation) and Region - Global Forecast to 2028
The Industrial IoT Display Market size is projected to reach USD 1.6 billion by 2028 from an estimated USD 0.9 billion in 2023, at a CAGR of 13.3% from 2023 to 2028.
The growing adoption of IoT and increasing demand for HMI devices are among the factors driving the growth of the Industrial IoT Display market..
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Rising demand for OLED based industrial IoT displays to drive technology segment
The OLED segment is expected to record the highest CAGR during the forecast period. OLED displays are still emerging in the industrial sector and are mostly offered in smaller panel sizes. However, this technology is evolving rapidly, and manufacturers like Samsung Display (South Korea) and LG Display (South Korea) have already showcased IP65-rated OLED video walls for advertising. With further development in the reliability of large-panel OLED displays, more applications, particularly digital signage and imaging, are expected to open for this technology in consumer and industrial applications.
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HMI segment accounted for the largest share in 2022
In 2022, the HMI segment accounted for the largest share of the industrial IoT display market.
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There is significant adoption of industrial automation equipment, such as HMI, by manufacturers from various industries, such as food & beverages, oil & gas, metal & mining, automotive, semiconductor & electronics, and A&D. The integration of advanced HMI solutions with various industrial automation equipment has tremendously increased the quality, productivity, and mobility of plant assets.
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North America accounted for the largest share of the Industrial IoT Display market
North America was the leading market for industrial IoT displays in 2022 due to various initiatives undertaken by government initiatives, such as ‘Manufacturing USA’ by the US and ‘Industrie 2030’ by Canada. These initiatives have encouraged the development and adoption of industrial IoT displays in various end-use industries. The region leads in terms of advanced automation technology and manufacturing techniques such as predictive maintenance and remote monitoring.
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Some of the key players in the Industrial IoT Display market. :
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), are some of the key players in the Industrial IoT Display market.
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