Market Scenario
The industrial display system market is anticipated to surge at 6.8% CAGR, reaching USD 6.71 Bn during the forecast period (2017-2023), predicts Market Research Future (MRFR) in its extensive report. The report analyses that the Global Industrial Display System Market Research is on an upward growth trajectory due to its flexible and comprehensive solutions of display devices such as light-emitting diode ( LED ), liquid crystal display (LCD), organic light-emitting diode (OLED), l laser phosphor display (LPD), and many others.
Industrial displays comprise an array of devices including computer monitors, televisions, instrument panels, aircraft cockpit displays, and others. These devices have various advanced features such as dust and moisture resistance, readability, improved impact resistance, durability, wide temperature range, improved contrast ratio, higher display brightness, and low-power consumption, making it appealing to large numbers of consumers globally. Technological developments of high definition display devices, high growth of LED-backlit LCD-based display solutions, progressing demand for human–machine interface (HMI) devices, and growing adoption of Internet of Things (IoT) drive the growth of the industrial display market.
However, high costs associated with acquisition and implementation of industrial displays undermine the growth of industrial display market. On the other hand, increasing consumer demand for high-specification display solutions is likely to pave the way for the industrial display market to flourish worldwide.
Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/3160
Regional Analysis
The industrial display system market is geographically segmented into Asia Pacific, North America, Europe, and Rest-of-the-World (RoW).
Among all regions, North America has been leading the industrial display system market due to technological advancements pertaining to clarity and resolution for the display screen. Moreover, rugged displays used for HMI applications and remote monitoring in the manufacturing sector also boosts the industrial display market growth in this region.
The Europe region is exhibiting a positive growth in the industrial display system market. Emergence of manufacturers of industrial display systems, product launches, and research and development activities by existing companies in Europe can create lucrative opportunities for the market in this region.
In the Asia Pacific region, countries like China, Japan, and South Korea have a fair share of this market. High demand for industrial display systems in manufacturing sectors drives the market growth in APAC region. Also, a considerable number of illustrious companies dealing with industrial displays based in APAC give way to the profitable market opportunities in this region.
Market Segmentation
The industrial display system market has been segmented on the basis of display type, technology, application, and end-user.
By display type, the industrial display system market is segmented into flat panel, flexible, and transparent. The high demand for higher resolution and larger displays for mobile phones boosts the popularity of flat panel display systems. Also, high growth in consumer electronics consumption, augmenting technological advancements in high-quality displays, and decrease in display prices make the flat panel segment highly favorable globally.
By technology, the market is segmented into LED-backlit LCD, OLED, quantum dot LED, laser phosphor display (LPD), and interferometry modulator display (IMOD).
On the basis of application, the market is segmented into smartphone & tablet, TV & digital signage, E-readers, gaming consoles, vehicle and public transport, and others. The smartphone and tablet segment has been experiencing immense growth due to increasing use of water-resistance technology, and increasing consumer demands for human-centric functions along with gesture recognition. Industrial display system end-users are consumer electronics, automotive, aerospace, government and defense, retail, and healthcare.
Competitive Dashboard
The key players in the industrial display system market are LG Display Co., Ltd. (South Korea), Samsung Electronics Co., Ltd. (South Korea), TCL Display Technology Holdings Limited (Hong Kong), Universal Display Corp. (U.S.), and E Ink Holdings Inc. (Taiwan), and others.
Get Complete Report @ https://www.marketresearchfuture.com/reports/industrial-display-system-market-3160
Industry News
TCL Corporation plans to build a new production line for 8K and organic light-emitting diode (OLED) screens, at a cost of USD 6.71 Bn. The new production line, to be built in Shenzhen city, will have the capacity to manufacture 90,000 screens of the latest generation ultra-high definition variety every month. It will produce and sell 65-inch, 70-inch and 75-inch 8K resolution screens, and 65-inch and 75-inch OLED television screens. With this move, the company aims to follow the trend of semiconductor display technology, and establish itself in the market for industrial display systems.
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
Media Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com