Industrial Display Market

Market Definition

The market involves the design, production, and application of display systems built for industrial environments. These displays are used in sectors such as manufacturing, automation, energy, transportation, and healthcare, and are designed to endure challenging conditions such as extreme temperatures, moisture, dust, and vibrations.

They include features like high brightness, rugged enclosures, touchscreen capabilities, and long operational lifespans to support real-time monitoring, control systems, and data visualization. The report highlights key market drivers, major trends, regulatory frameworks, and the competitive landscape shaping the market.

Industrial Display Market Overview

The global industrial display market size was valued at USD 6.53 billion in 2023 and is projected to grow from USD 6.88 billion in 2024 to USD 10.37 billion by 2031, exhibiting a CAGR of 6.03% during the forecast period. 

The market is being driven by the rising demand for real-time monitoring, automation, and data visualization across sectors such as manufacturing, energy, transportation, and healthcare. The need for rugged, high-performance display systems has intensified as industries modernize and adopt smart technologies. 

The growing deployment of IoT, smart factories, and control systems is further fueling the market. Additionally, regional expansions and strategic investments in advanced display technologies are accelerating global adoption.

Major companies operating in the industrial display market are LG Display Co., Ltd., Innolux Corporation, BOE Technology Group Co., Ltd., Sharp Electronics Corporation, Japan Display Inc., Panasonic Life Solutions India Pvt. Ltd., SAMSUNG, Sony India Private Limited, HannStar, Planar Systems, Schneider Electric, UNIVERSAL DISPLAY, Winmate Inc., Mitsubishi Electric Power Products, Inc. and AUO Corporation.

Investments in advanced display manufacturing facilities by companies are significantly increasing production capacity for high-end applications, driving the market. These investments are attributed to the growing global demand for premium display technology in consumer electronics.

• In January 2024, BOE Technology Group secured a USD 9 billion agreement to establish a Gen-8.6 AMOLED production complex in Chengdu, China. The facility aims to meet the rising global demand for high-end displays in laptops and tablets. This marks the largest single industrial investment project in Chengdu, reinforcing China’s position in the global display manufacturing market.

Key Highlights:

1. The industrial display market size was valued at USD 6.53 billion in 2023.
2. The market is projected to grow at a CAGR of 6.03% from 2024 to 2031.
3. Asia Pacific held a market share of 36.41% in 2023, with a valuation of USD 2.37 billion.
4. The panel-mount monitors segment garnered USD 2.49 billion in revenue in 2023.
5. The LCD segment is expected to reach USD 3.74 billion by 2031.
6. The interactive display (kiosk) segment is anticipated to register the fastest CAGR of 7.68% over the forecast period.
7. The manufacturing segment garnered USD 2.30 billion in revenue in 2023.
8. The market in North America is anticipated to grow at a CAGR of 6.07% over the forecast period.

Market Driver

Expansion of the Energy Sector

The market is registering growth, due to the expansion of the energy sector. Advanced technologies such as renewable energy systems and smart grids are being adopted in the production of industrial displays, boosting the need for reliable, real-time monitoring solutions. 

Industrial displays are essential in ensuring operational efficiency and safety across energy applications. The energy segment is expected to register the highest growth rate in the market, fueled by the demand for durable and energy-efficient displays in renewable energy and smart grid deployments.

• According to the International Energy Agency (IEA), global renewable energy capacity surged by 50% in 2023, reaching nearly 510 GW, with solar PV accounting for three-quarters of this growth. This rapid expansion, driven by major increases in China, Europe, and the U.S., supports the COP28 goal of tripling global renewable capacity by 2030.

Market Challenge

Complex Software Integration

A major challenge in the industrial display market is technology complexity, when integrating with legacy systems and new software platforms. Industrial sectors still rely on older infrastructure and hardware, making it difficult to seamlessly incorporate modern display technologies. 

This integration often requires custom solutions, extensive software development, and specialized interfaces to ensure compatibility between new and existing systems. As a result, the integration process can lead to higher costs and prolonged implementation timelines, which may prevent some companies from adopting the latest display technologies.

Companies can invest in developing standardized interfaces and software platforms that facilitate easier integration with legacy systems. Collaborating with experienced system integrators and adopting flexible, modular display solutions can also streamline the integration process. 

Additionally, companies can prioritize training for their technical teams to ensure that they are well-equipped to handle the challenges of system compatibility and data synchronization. Companies can reduce the costs and time associated with integrating new display technologies by focusing on these strategies.

Market Trend

Focus on Energy-efficient Displays

The market is registering a strong shift toward energy-efficient technologies, due to rising environmental concerns and the need to reduce operational costs. Companies are prioritizing display solutions that consume minimal power while maintaining high visual performance across various environments. 

This trend aligns with global sustainability initiatives and the growing demand from sectors such as retail, transportation, and public information systems for displays that offer reliability, long lifespan, and reduced energy consumption in high-usage or remote installations.

• In February 2025, Samsung introduced its new Color E-Paper displays at Integrated Systems Europe (ISE) 2025, designed for significantly lower power consumption compared to conventional displays. The product is available in multiple sizes, including 13-inch, 25-inch, 32-inch QHD, and a 75-inch 5K outdoor model.

Industrial Display Market Report Snapshot

Market Segmentation:

• By Type (Panel-mount Monitors, Open Frame Monitors, Rugged Displays, Marine Displays, and Video Walls): The panel-mount monitors segment earned USD 2.49 billion in 2023, due to the increasing demand for durable, easy-to-install displays in industrial applications and the growing trend of automated systems requiring precise control and monitoring.
• By Technology (LCD, LED, OLED, and E-Paper Display): The LCD segment held 39.29% share of the market in 2023, owing to its cost-effectiveness, versatility, and widespread adoption in industrial, medical, and commercial applications, as well as its reliable performance in demanding environments.
• By Application (Human-Machine Interface (HMI), Remote Monitoring, Interactive Display (Kiosk), and Others): The human-machine interface segment is projected to reach USD 3.70 billion by 2031, propelled by the increasing automation in industrial operations and the demand for intuitive, user-friendly systems that enhance operational efficiency and reduce human error.
• By End-use Industry (Manufacturing, Mining & Metals, Chemical, Oil & Gas, Energy & Power, Others): The chemical, oil & gas segment is anticipated to grow at a CAGR of 6.53% over the forecast period, due to the rising need for real-time data monitoring and control systems, as well as the integration of advanced display technologies for enhanced operational efficiency and safety in harsh environments.

Industrial Display Market Regional Analysis

Based on region, the global market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Asia Pacific accounted for 36.41% share of the industrial display market in 2023, with a valuation of USD 2.37 billion. The region is witnessing rapid industrialization and widespread adoption of automation in countries like China, India, and others in Southeast Asia. 

Additionally, strategic consolidation and capacity expansion across key manufacturing hubs, along with growing control over core manufacturing infrastructure, supply chains, and workforce capabilities, are contributing to the region's dominance. As a result, the region continues to lead in terms of large-scale production and cost-efficient display solutions.

• In April 2025, TCL China Star Optoelectronics Technology (CSOT) completed the acquisition of LG Display's 8.5-generation LCD factory in Guangzhou. This acquisition marks the complete exit of South Korean companies from the Liquid Crystal Display (LCD) TV panel market and significantly boosts the global market share of Chinese LCD manufacturers.

The industrial display market in North America is estimated to grow at a CAGR of 6.07% over the forecast period. The market in the region is driven by increasing investments in advanced display technologies and strategic acquisitions aimed at expanding regional presence. Companies are leveraging global resources to enhance innovation in sectors such as defense, medical, industrial, and transportation. 

The focus on high-performance and ruggedized display solutions supports the region’s need for robust and dependable technology across a wide range of applications, which is fueling the market in the region.

• In March 2025, Ubiqconn Technology acquired Phoenix-based E3 Displays to expand its presence in North America and boost its advanced display technology offerings. E3 Displays will continue operating independently while leveraging Ubiqconn’s global resources to drive innovation across defense, medical, industrial, and transportation sectors.

Regulatory Framework

• In the U.S., the Federal Communications Commission (FCC) regulates communications and safety standards for industrial displays, ensuring that devices meet electromagnetic compatibility (EMC) and wireless communication regulations. These standards are crucial for displays used in communication systems and public-facing technologies.
• In Europe, the European Commission mandates CE marking for industrial displays sold in the EU. This certification ensures compliance with European safety, health, and environmental protection standards, covering aspects such as electrical safety and energy efficiency.
• In China, the Ministry of Industry and Information Technology (MIIT) oversees industrial planning, policies, and standards, and promotes the development of communication technology and innovation, including in the display industry.
• The International Electrotechnical Commission (IEC) sets global standards for electrical and electronic technologies. It ensures interoperability, safety, and sustainability across all electronic products manufactured and used globally.

Competitive Landscape

The industrial display market is characterized by a large number of participants, including both established corporations and rising organizations. Market players are forming strategic mergers and acquisitions to enhance their technological strengths and service capabilities. 

They are leveraging combined resources to accelerate innovation and expand their reach in both established and emerging markets. This competitive shift is driven by the need to offer integrated solutions and improve customer value. Players are also focusing on streamlining operations and strengthening expertise across display technologies.

• In April 2025, Crystal Display Systems (CDS) acquired Displaylite, a UK-based manufacturer of touchscreen and display solutions. The move aims to enhance service offerings and innovation by leveraging combined resources and technological capabilities.

List of Key Companies in Industrial Display Market:

• LG Display Co., Ltd.
• Innolux Corporation
• BOE Technology Group Co., Ltd
• Sharp Electronics Corporation
• Japan Display Inc
• Panasonic Life Solutions India Pvt. Ltd
• SAMSUNG
• Sony India Private Limited
• HannStar
• Planar Systems
• Schneider Electric
• UNIVERSAL DISPLAY
• Winmate Inc
• Mitsubishi Electric Power Products, Inc.
• AUO Corporation

Recent Developments (Facility/Product Launch)

• In March 2025, OLEDWorks and Japan Display Inc. (JDI) plans to establish an advanced display manufacturing facility in the U.S. The new fab will combine JDI’s manufacturing expertise with OLEDWorks’ multi-stack OLED technology to produce high-performance displays. These displays will serve critical sectors, including defense, automotive, and medical industries.
• In December 2024, IIT Madras launched the AMOLED Research Centre (ARC), aimed at developing next-generation AMOLED displays for smartphones, tablets, watches, and wearables. Funded by the Ministry of Electronics and Information Technology (MeitY), Defence Research and Development Organisation (DRDO), and Tata Sons, the Centre supports India’s efforts to build a display manufacturing industry. It features a state-of-the-art cleanroom with fabrication and characterization equipment.
• In November 2024, LG Display launched the world’s first stretchable display . The display, demonstrated at LG Science Park in Seoul, features a 12-inch screen that stretches up to 18 inches while maintaining a high resolution of 100ppi and full RGB color.