Industrial IoT Display Market Set to Experience Rapid Growth
The global Industrial IoT Display market size is estimated to be USD 0.9 billion in 2023 and is projected to reach 1.6 billion by 2028, at a CAGR of 13.3% during the forecast period. The growing adoption of Industry 4.0 and the increasing demand of HMI devices play a key role in driving the growth of Industrial IoT Display market in near future.
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- Industrial IoT (IIoT) displays are specialized displays designed to work in industrial settings, with features like rugged construction, resistance to dust and moisture, and compatibility with a variety of input signals.
- The market for IIoT displays is growing rapidly, driven by the increasing adoption of IIoT technologies in industries like manufacturing, oil and gas, and transportation.
- IIoT displays can be used for a variety of applications, including monitoring and control of equipment, visualization of production processes, and real-time data analysis.
- One key trend in the IIoT display market is the shift towards larger, higher-resolution displays that can provide more detailed and actionable information to workers and operators.
- Another trend is the adoption of touchscreens and other interactive features, which can improve the usability and flexibility of IIoT displays in industrial settings.
- The IIoT display market is highly competitive, with a range of established players and new entrants vying for market share. Innovation and differentiation will be key to success in this market, as companies seek to develop displays that can meet the unique needs of different industrial applications.
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..
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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