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As per Future Market Insights (FMI) analysis, the large industrial displays sales volume will total 110,000 units between by 2031. Overall sales are projected to grow consistently at 6.0% between 2021and 2031.
The North American large industrial displays market will rise at around 5.8% CAGR through the assessment period. Rising application in automotive industries and the military sector will guarantee robust growth in the region, as per FMI’s findings.
Despite obstacles faced amid COVID-19 outbreak, the large industrial displays market exhibited impressive 3.0% year-on-year growth between 2020 and 2021. According to FMI’s data, the market valuation is expected to surpass US$ 2,657.8 Mn in 2021.
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.
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Screen-less certainly stands as the strongest threat to large industrial displays. Technological innovations are flooding the screen-less display mechanism, and FMI analyses 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 6% through 2031. 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.
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.
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Market Structure Analysis for Large Industrial Displays
Top Factors Shaping the Large Industrial Displays Market
Launch Of Digital Signage and New Products Propelling The Large Industrial Displays Market Growth
Significant market players such as Advantech Co., Ltd., Leyard, NEC Display Solutions, Ltd., and Delta Electronics, Inc., are concentrating more on the growth of large industrial displays product portfolios through launching new products and distribution agreements. For example-
Some of the prominent players operating in the Large Industrial Displays Market profiled by FMI are:
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More Insights on the Global Large Industrial Displays Market Outlook
FMI provides an unbiased analysis of the Large Industrial Displays Market, presenting historical demand data (2021-2031) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for the Large Industrial Displays market with a detailed segmentation on the basis of:
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.
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The post Large Industrial Displays Market Assessment and Key Insights Analyzed Till 2031 appeared first on Future Market Insights.
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