Large Industrial Displays Market Projected to Register 8% CAGR through 2029

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Large Industrial Displays Market

• March 2020

Report Id REP-GB-9903 Published On  Jul
08,2019 Category Industrial Automation and
Equipment
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Large Industrial Displays Market Analysis
Future Market Insights (FMI), in its latest
study, outlines the growth trail of large
industrial displays market for the forecast
period 2019-2029. According to the report, large
industrial displays sales reached 1,347 thousand
units in 2018, equaling revenues worth US 2,183
Mn. As large industrial displays defy the
concepts of 'one-size-fits-all', manufacturers
are hard pressed to offer highly customised and
personalized products. Surging demand for
tracking the manufacturing process and reducing
the supervisor workforce has been spectated in a
multitude of industries. However, emerging
technologies such as screen-less displays and
projectors are likely to represent a threat to
the steady growth of the large industrial
displays market. Screen-less certainly stands as
the strongest threat to large industrial
displays. Technological innovations are flooding
the screen-less display mechanism, and FMI
analyzes that its portability, energy space
efficiency, and convenience will be instrumental
in creating a solid market value. OLED over LED
the Shift is Underway Future Market Insights'
study finds that the large industrial displays
market is likely to grow at a CAGR of
approximately 8 through 2029. One of the key
growth drivers is the loosening of budget strings
of manufacturers for the development of organic
light emitting diode (OLED) displays, which
matches consumers' demand for lighter, thinner,
and flexible displays
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Large Industrial Displays Market Analysis
As innovation spawns in the landscape, curved
OLED and transparent displays surface are likely
to penetrate even cost-sensitive markets.
However, during the course of the forecast
period, LED-based large industrial display sales
will continue to account for a major share of
manufacturers' bottom-lines. Opportunities
galore for large industrial displays as
identified by FMI's report with the emerging
applications of flexible displays at commercial
spaces, sports events, and governmental
institutions for facilitating effective
communication in 'high resolution'. As
'interactivity' remains at the forefront to
attract the attention of target audience, digital
signage technology has been increasingly
incorporated for the display of crucial
information in public spaces, corporate
buildings, transportation systems, retail stores,
and restaurants. Key Players' 'Just-in-Time
Manufacturing' Approach to Drive Sales
Opportunities Growth prospects for the large
industrial displays, as the report opines, are
high in the US. In addition, the integration of
large industrial displays to ensure accuracy and
efficiency in the electronic and automotive
industry is likely to incite manufacturers to
intensify the production capability. High
concentration of key players in the US and their
adoption of 'just in time' manufacturing approach
aimed at deploying custom-developed large
industrial display in a shorter timeframe is
emerging as a strategic move.
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Large Industrial Displays Market Analysis
The study identifies restraints that could
possibly hamper the lucrative stride of the large
industrial displays market. The high price tag
attached to the OLED and LED displays is likely
to cause reluctance among mid and small-sized
industries for their adoption. Besides high
acquisition cost, the study finds that large
industrial displays also demand frequent
maintenance cost for the detection of virus and
malfunctions. As design innovation sparks in,
screen-less displays and projectors emerge as
space-saving alternatives to large industrial
displays. Projectors have a lower operational
energy requisite as compared to large industrial
displays, which further is likely to impede their
adoption rate.
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Large Industrial Displays Market Analysis

• The business asset further offers an incisive
  outlook of the competitive landscape by
  discussing the key strategies of the market
  players. As per the study, there are a handful of
  key players and a large number of regional
  players, which leaves a wide window of
  opportunity for the new entrants. Manufacturers
  and suppliers of the large industrial displays
  emphasize on building a loyal clientele base
  since a majority of long-term contracts are
  likely to form from this segment.
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Large Industrial Displays Market Analysis
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