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Industrial Touch Screen Display Market Size to Reach USD 6.0 Billion by 2032 growing at 7.2% CAGR - Exclusive Report by Acumen Research and Consulting

28 Jul 2024
ARC
ICT

The Industrial Touch Screen Display Market, valued at USD 3.2 Billion in 2023, is anticipated to surpass USD 6.0 Billion by 2032, reflecting a projected CAGR of 7.2%

Growing demand for advanced human machine interface devices, increasing use of industrial internet of things, and rapidly increasing use of smart industrial displays are expected to drive the growth in the market. The industrial touch screen display market is getting its importance due to the features available in the displays such as radio frequency identification (RFID), touch detector and touch screen panels, high temperature, dust, chemicals, shock, scratch, vibration, and Ethernet. The industry offers a huge investment opportunity such as the displays are the best replacement for outdated push-button technology and manual processes. Furthermore, the rising customization trend helps to drive customers to meet their exact requirement. Moreover, the industrial touch screen display market share is likely to grow significantly due to innovation of infrared screen coupled with features such as gesture sensor. However, the factor acting as a hurdle in the adoption of the touch screen display technology is the increasing costs and low availability of raw materials, therefore affecting prices of industrial touch screen displays.

Industrial Touch Screen Display Market Opportunities

Application of Touch Screen Display Is Growing Adoption in Food and Beverages Industry

Industrial touch screen display is a best choice to use in the food processing industry. As the use of touch screen technology has increased, industries have a great degree of control, precision, and usability over digital interfaces. The food processing has rugged touch screen display as this industry have to face different challenges compared to other industries. Food processing industry has to follow stringent rules and regulations regarding contamination, as it is highly concern regarding handling and keep free of contamination. Rugged touch screen display play a crucial role in food processing industry as it keeps free of contamination and starch resistant which are the factors contributing growth to the market. Moreover, there are many different industrial applications of touchscreen technology due to their durability and rugged builds. Industrial touch screen display is designed to endure harsh conditions that are custom in the food processing industry. This means extended low-light or sunlight-readable capability, waterproof-sealed capabilities, and durable chassis that can resist punctures, cracks and breaks.

Industrial Touch Screen Display Market Statistics

  • The worldwide industrial touch screen display market is estimated to reach USD 3.2 billion by 2023, with a 7.2% CAGR from 2024 to 2032
  • Asia-Pacific holds 37% of the industrial touch screen display market share
  • The fastest-growing region, North America, with a growth rate of 8%, creating potential for industry participants
  • The hardware component significantly contributes to the industrial touch screen display market
  • Based on type, the capacitive sub-segment generates significant revenue in 2023
  • The industry is growing due to expansion into emerging markets with rising industrialization

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Industrial Touch Screen Display Market Dynamics

Growing Demand for Automation in Manufacturing and Industrial Processes Fuels the Industrial Touch Screen Display Market

The growing desire for automation in manufacturing and industrial processes is a major driver of the industrial touch screen display market. Automation has become an essential component of modern operations as industries around the world strive for greater efficiency, productivity, and precision. Industrial touch screen displays play an important role in these automated systems, providing intuitive interfaces for machine control, data visualization, and real-time monitoring. These screens allow operators to communicate with sophisticated machinery while reducing human error and optimizing workflow operations. The trend toward automation is especially noticeable in industries like automotive, electronics, and pharmaceuticals, where precision and speed are critical. As a result, demand for strong, responsive, and long-lasting touch screen displays continues to climb, propelling market expansion and innovation in this area.

Integration of Touch Screens with IoT Devices for Enhanced Industrial Applications Offers Significant Industrial Touch Screen Display Market Opportunities

The integration of industrial touch screen displays with internet of things (IoT) devices creates a substantial business opportunity. The Internet of Things facilitates the connectivity of machines, sensors, and systems, resulting in a smart and networked industrial environment. By introducing touch screens into these IoT ecosystems, businesses may improve operational efficiency, streamline data collecting, and enable real-time decision making. Touch screen displays, for example, when coupled with IoT, can give operators fast access to machine performance analytics, predictive maintenance alerts, and remote control capabilities. This connectivity is especially useful in areas like manufacturing, logistics, and energy, where real-time data is essential for optimizing processes and reducing downtime. As IoT use grows, demand for touch screens that can smoothly connect with these networks is likely to rise, providing significant growth opportunities for market competitors.

Industrial Touch Screen Display Market Segmentation

The global industrial touch screen display market is divides into 4 segments: type, component, end-use industry, and regional markets

  • Type: resistive, capacitive, surface acoustic wave, and infrared
  • Component: Hardware, and software
  • End-use industry: oil and gas, chemical, food and beverages, mining and metal, and automotive
  • Regional industry: Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa

Industrial Touch Screen Display Market Regional Outlook

North America is a fastest growing region of an industrial touch screen display market owing to the presence of a wide number of manufacturers of display panels. Furthermore, the increasing adoption trend for industrial touch screen display market is expected to witness in the upcoming years due to the transformation of computing platforms and digitalization. Many manufacturers are customizing a solution for users by integrating commercial PC technologies. Moreover, in Asia Pacific the market is anticipated to thrive during the industrial touch screen display market forecast period, due to ongoing technological innovations in the region.

Industrial Touch Screen Display Market Players

Industrial touch screen display companies profiled in the report include Mitsubishi Electric Corporation, Beijer Electronics AB, Honeywell International Inc., Elo Touch Solutions, Advantech Co., Siemens AG, Schneider Electric, Planar Systems Inc., ABB Ltd, Rockwell Automation Inc., General Electric Company, and Weintek Labs.

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