Global Industrial IoT Display Market Insights Forecasts to 2032

• The Global Industrial IoT Display Market Size was valued at USD 0.95 Billion in 2022.
• The Market is growing at a CAGR of 12.3% from 2023 to 2032
• The Worldwide Industrial IoT Display Market Size is expected to reach USD 3.03 Billion by 2032
• Asia-Pacific is expected to grow the fastest during the forecast period

The Global Industrial IoT Display Market Size is expected to reach USD 3.03 Billion by 2032, at a CAGR of 12.3% during the forecast period 2023 to 2032.

Market Overview

Industrial IoT display refers to the integration of internet of things (IoT) technology with display systems in industrial settings. It enables real-time monitoring, control, and visualization of critical data from connected devices, machinery, and sensors. Industrial IoT displays offer advanced functionalities such as remote monitoring, predictive maintenance, and data analytics, enhancing operational efficiency and decision-making processes. These displays provide comprehensive visual representations of data through intuitive dashboards and graphical interfaces, enabling operators and managers to gain insights into the performance, status, and trends of industrial processes. With robust connectivity, scalability, and interoperability, industrial IoT displays play a vital role in optimizing productivity, minimizing downtime, and facilitating smart and connected industrial ecosystems.

Report Coverage

This research report categorizes the market for industrial IoT display market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the industrial IoT display market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the industrial IoT display market.

Driving Factors

The industrial IoT display market is driven by several key factors. The increasing adoption of Industrial Internet of Things (IIoT) solutions across various industries fuels the demand for IoT displays to monitor and visualize the connected devices and data. The growing need for real-time monitoring, predictive maintenance, and data-driven decision-making in industrial processes drives the demand for advanced display systems. Additionally, the rising focus on enhancing operational efficiency, productivity, and safety in industrial settings further propels the market growth. Moreover, the emergence of technologies like cloud computing, edge computing, and big data analytics, coupled with the integration of AI and machine learning, boosts the demand for IoT displays. Furthermore, the advancements in display technologies, such as touchscreens, augmented reality (AR), and virtual reality (VR), contribute to the market expansion by offering immersive and interactive visualization experiences.

Restraining Factors

The industrial IoT display market faces certain restraints that impact its growth. The concerns regarding data security and privacy hinder the widespread adoption of IoT displays in industrial settings, as sensitive information is transmitted and stored. The complexity and interoperability challenges associated with integrating IoT display systems with existing infrastructure pose obstacles for implementation. Additionally, the high initial investment and maintenance costs of IoT display solutions act as a restraint, particularly for small and medium-sized enterprises. Furthermore, the lack of skilled professionals with expertise in IoT technologies and data analytics limits the effective utilization of IoT displays. Lastly, regulatory and compliance issues related to data sharing and cross-border data transfer also present challenges for the industrial IoT display market.

Market Segmentation

• In 2022, the TFT-LCD segment accounted for around 44.7% market share

On the basis of the technology, the global industrial IoT display market is segmented into TFT-LCD, LED, OLED, and E-paper display. The TFT-LCD (thin film transistor-liquid crystal display) segment has emerged as the leader in the display market, holding the largest market share. There are several factors contributing to this dominance. TFT-LCD displays offer a wide range of advantages, including high resolution, color accuracy, and fast response times, making them suitable for various applications. TFT-LCD technology has undergone significant advancements, resulting in improved display quality and energy efficiency. Moreover, the widespread adoption of TFT-LCD displays in smartphones, tablets, televisions, and monitors has further propelled their market share. Additionally, the availability of large-scale manufacturing facilities for TFT-LCD panels, particularly in Asia-Pacific, has ensured a steady supply and competitive pricing. Lastly, the versatility of TFT-LCD displays, coupled with their cost-effectiveness, has made them the preferred choice for a wide range of industries, contributing to their significant market share.

• In 2022, the transportation segment dominated with more than 36.2% market share

Based on the type of end-use industry, the global industrial IoT display market is segmented into manufacturing, healthcare, energy & power, transportation, and others. The transportation segment has emerged as the leader in the display market, holding the largest market share. Several factors contribute to this dominance. The transportation industry encompasses a wide range of applications, including automotive, aviation, railways, and maritime, all of which require display solutions for various purposes such as infotainment, navigation, safety systems, and passenger information. There is a growing demand for advanced display technologies in transportation, driven by the increasing focus on enhancing the passenger experience, improving safety, and enabling connectivity. Additionally, the rise of electric and autonomous vehicles has led to the integration of displays for user interfaces and control systems. Moreover, the deployment of digital signage and information displays in airports, train stations, and other transportation hubs further contributes to the market share of the transportation segment. Overall, the transportation industry's diverse display needs and ongoing technological advancements have propelled its leading position in the market.

Regional Segment Analysis of the Industrial IoT Display Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America dominated the market with more than 35.7% revenue share in 2022.

Based on region, North America has emerged as the leading market for Industrial IoT Display, holding the largest market share. This can be attributed to several factors. The region has a mature industrial sector that has embraced IoT technologies and digital transformation at a rapid pace. Industries such as manufacturing, healthcare, and transportation are leveraging IoT displays to enhance operational efficiency, productivity, and decision-making processes. North America is home to several prominent technology companies that are at the forefront of IoT innovation, driving the development and adoption of IoT display solutions. Additionally, the region has a well-established infrastructure, robust connectivity, and favorable government initiatives that promote the deployment of IoT in industrial settings. Moreover, the presence of a large consumer base and early adoption of emerging technologies contribute to the dominant market position of North America in the industrial IoT display market.

Recent Developments

In September 2022, Planar introduced a new addition to its outdoor fine-pitch LED display solutions, unveiling a high brightness outdoor LED video wall specifically designed for close viewing. The Planar Luminate Ultra Series LED video wall display incorporates coated LEDs, which enhance durability and deliver exceptional image clarity even in high ambient light environments.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global industrial IoT display market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Companies:

• E Ink Holdings Inc.
• BOE Technology Group Co., Ltd.
• Advantech Co., Ltd.
• Pepperl+Fuchs SE
• Sharp Corporation
• PDi Digital
• Planar Systems, Inc.
• Winmate Inc.
• Maple Systems Inc.
• American Industrial Systems Inc.
• Panasonic Corporation
• Innolux Corporation
• Display Technology Ltd.
• LG Electronics
• Samsung Electronics Co., Ltd.

Key Target Audience

• Market Players
• Investors
• End-Users
• Government Authorities 
• Consulting and Research Firm
• Venture Capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global industrial IoT display market based on the below-mentioned segments:

Industrial IoT Display Market, By Technology

• TFT-LCD
• LED
• OLED
• E-Paper display

Industrial IoT Display Market, By Panel Size

• Less than 10”
• Between 10”and 20”
• More than 20”

Industrial IoT Display Market, By Application

• Human Machine Interface
• Remote Monitoring
• Interactive Display
• Electronic Shelf Labels
• Others

Industrial IoT Display Market, By End-Use Industry

• Manufacturing
• Healthcare
• Energy & Power
• Transportation
• Others

Industrial IoT Display Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa