Global Industrial Monitor Market (2021 to 2026) – Growth, Trends, COVID-19 Impact and Forecasts – ResearchAndMarkets.com | Financial Buzz

Global Industrial Monitor Market (2021 to 2026) – Growth, Trends, COVID-19 Impact and Forecasts – ResearchAndMarkets.com

The “Industrial Monitor Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.

The Industrial Monitor Market was valued at USD 4.573 billion in 2020 and is expected to reach USD 7.176 billion by 2026, at a CAGR of 7.8% over the forecast period 2021 – 2026.

Companies Mentioned

  • Advantech Co., Ltd.
  • Kontron S&T AG
  • ADLINK Technology Inc.
  • Sparton Inc.
  • Siemens AG
  • Rockwell Automation, Inc.
  • General Electric Company
  • Hope Industrial System Inc.
  • Pepperl+Fuchs
  • AAEON Technology Inc.
  • Axiomtek Co. Ltd.
  • National Instruments Corporation

Key Market Trends

LCD Technology to Hold a Dominant Position for Industrial Monitors.

  • When using technology for industrial applications, industrial technology needs to be high performing. The requirement for LCD gear technology that can withstand use in an array of environments and conditions intensifies. Displays are often necessary for safety, communication, and the operation of industrial tasks, but many monitors cannot be used in harsh, industrial environments, thus boosting the need for LCD Technology, after the proliferation of LCD screens came true “industrial” grade, rugged monitors.
  • These meet quality standards so far above what a typical screen would ever need to endure due to LCD technology. It is interesting to learn that industrial-grade LCDs have an extended back-light half-life than a normal display and that if they are treated appropriately, they will operate much longer than normal LCDs, sometimes over 100,000 hours longer.
  • Higher resolution with bigger screens, higher refresh rates with frame rate synchronization for smooth playback, high dynamic range lighting, and color gamut coupled with per pixel backlighting for clear viewing in bright sunlight and zero burns in, these LCD technologies are in use in high-end panels which are anticipated to improve and get cheaper. There is no viable alternative to LCD panels on the horizon, thus fueling the growth of the market.
  • Rugged, industrial LCD displays are very different in quality from the LCD normally used in a retail or home environment. Industrial grade displays outperform the quality of regular LCDs and with thin-film transistor technology, the true industrial LCD monitors now produce a better picture quality along with durability. These rugged displays are able to withstand extreme temperatures, dust, and debris, as well as being durable to the industrial work environments.

North America Drives the Industrial Monitor Market

From a geographical viewpoint, the global Industrial Monitors Market is presently controlled by North America. The regional market is inclined to retain its topmost spot over the forecast period as well as witnesses an immense rise in demand for interactive display modules, distant monitoring solutions, HMIs, and the increasing uptake of IoT-based technologies in the industrial sector in the area. Numerous leading manufacturers of industrial monitors, semiconductor components displays, and HMIs are based in the region, making it a pivotal force in the global industrial monitors market.

Some of the leading firms operating in the market are General Electric, Sparton Inc., Allen-Bradley, Hope Industrial System Inc., etc. The region is also one of the biggest automotive markets in the world and is home to some principal auto manufacturers. Automotive manufacturing has been one of the greatest revenue generators, in the region, in the manufacturing division. As the automotive industry accounts for the important adoption of industrial monitors, the region gives a huge opportunity for market growth.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Drivers and Restraints

4.3 Market Drivers

4.3.1 The Growing Demand for HMI Devices

4.3.2 The Augmented Adoption of IoT

4.4 Market Restraints

4.4.1 High Primary Investment in Getting Industrial Monitors by the Businesses

4.5 Industry Attractiveness – Porter’s Five Force Analysis

5 MARKET SEGMENTATION

5.1 By Display Technology

5.2 By Type

5.3 By Industry Vertical

5.4 Geography

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/fe82qs

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