Report: Industrial display market to hit $7.26B by 2025
The global industrial display market will hit $7.26 billion by 2025 and boast an annual growth rate of 6 percent. The industrial market is using displays to help simplify operational tasks, monitor the production process and other tasks, according to a Grand View Research Inc. report.
Human machine interfaces are expected to hold the highest market share by 2025, according to a press release. Other products include OLED digital signage, video walls and panel mounted displays. In Europe, video walls and panel mounted displays generated more than 60 percent of total revenue share in 2016, according to the release.
Other key observations of the report include:
- The energy and power end-use segment will hold 25 percent market share by 2025.
- LCD will continue to hold the largest market share, but OLED technology will experience high growth.
- Demand will increase from the chemical, oil and gas market segments.