The growing need for flat panel technologies for a range of rugged and demanding industrial environments in various manufacturing and process industries is a key factor driving the demand for industrial monitors. The wide applications of human machine interfaces (HMIs) in visualizing industrial control and monitoring system is a key factor boosting the industrial motors market. The substantially emerging demand for technologies for managing tasks of machines and automation systems in the manufacturing sector is a notable factor accentuating the growth of the industrial monitors market.
A new report by Transparency Market Research (TMR), titled “Industrial Monitors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025,” offers an elaborate assessment of key growth dynamics, adoption trend in various end-use segments, regional outlook, and the competitive dynamics. The study offers in-depth insights into the share and size of key product types, major technological advancements, and lucrative prospects in various regions.
The rising demand for reliable and rugged flat-panel monitors for PC-based visualization and control solutions is a key factor boosting the industrial monitors market. The advent of high-resolution touch displays and imaging technologies with rapid response time is accentuating the growth of the market. The growing demand for modern touch board HMIs is expected to present promising prospects for market players in the coming years.
The significantly emerging demand for resistive touch screen monitors that can withstand extreme environmental conditions is expected to aid in the expansion of the industrial monitors market. The development of high-performance industrial monitors with advanced touch functions and control systems is further accentuating the growth.
The advent of more flexible, standardized interfaces that enable embedded computing for integrating processes related to machine, application, and the external environment is expected to unlock exciting prospects for market players. The growing uptake of LED-backlit LCD monitors in a range of sizes is also catalyzing the growth of the industrial monitors market. Furthermore, the soaring popularity of internet of things (IoT) systems and the rapidly growing adoption of supervisory control and data acquisition control system architectures in the manufacturing and process industries is accentuating the growth of the industrial monitors market.
The substantially rising demand for advanced operator terminals and the development of high-resolution widescreen touch displays are expected to create lucrative prospects for market players.
Some of the major regional markets for industrial monitors can be North America, Asia Pacific except Japan (APEJ), Western Europe, Eastern Europe, the Middle East & Africa and Japan, and Latin America.
Geographically, North America is a prominent market for industrial monitors, attributed to the extensive uptake of automation and HMI technologies in various end-use sectors, notably manufacturing and oil and gas. The region is expected to benefit from substantial demand for rugged monitors for a large number of applications in these industries. Meanwhile, Asia Pacific except Japan (APEJ), is projected to rise at an attractive pace over the forecast period. The burgeoning demand for automation technology in the manufacturing sector is fueling the growth.
A number of prominent players operating in the global industrial monitors market are focusing on product innovations and technological advancements to gain a better foothold in the market. They are launching innovative products with advanced functionalities, in a move to stay ahead of others. Top players include Siemens Corporation, Barco NV, OmniVision Technologies, Honeywell International Inc., Axiom Technology, Inc., Rockwell Automation, Hope Industrial Systems, Inc., Planar Systems, Inc., Samsung Display Co., Ltd., and AAEON Technology Inc.