Overview and Scope
Automation industrial monitors are ruggedized display units specifically engineered for use in industrial automation and control systems. They are often designed to meet specific industry standards for reliability, durability, and performance. The primary purpose of industrial monitor is to provide operators and control systems with real-time visual feedback on various aspects of industrial processes, including production status, equipment performance, and environmental conditions.
Sizing and Forecast
The automation industrial monitors market size has grown strongly in recent years. It will grow from $2.34 billion in 2023 to $2.53 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to increasing industrialization, regulatory compliance, cost reduction and efficiency improvement, globalization and supply chain management.
The automation industrial monitors market size is expected to see strong growth in the next few years. It will grow to $3.46 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to industry 4.0 and IoT integration, rapid digitalization, demand for touchscreen interfaces, remote monitoring and control, focus on energy efficiency . Major trends in the forecast period include augmented reality (AR) integration, customization and modular design, AI and machine learning integration.
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The automation industrial monitors market covered in this report is segmented –
1) By Type: Screen Size Below 12, Screen Size Between 12-17, Screen Size Above 17
2) By Application: Process Industries, Discrete Industries
3) By End User: Automotive, Manufacturing, Electronic And Electrical, Other End-Users
North America was the largest region in the automation industrial monitors market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automation industrial monitors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growing popularity of smart factories is driving automation and industrial monitoring market growth. Smart factories refer to manufacturing facilities that leverage advanced technologies and data-driven solutions to optimize production processes, improve efficiency, and enhance productivity. Smart factories enhance operational efficiency, optimize production processes, and adapt to changing market demands through the integration of advanced technologies such as IoT, AI, and automation. Industrial monitors are the interface for monitoring, controlling, and visualizing production processes, providing real-time data insights, facilitating operator interaction, and enabling seamless integration with other automation systems and devices. For instance, in May 2022, according to a survey of 321 manufacturers conducted by Rockwell Automation Inc., a US-based industrial automation company, the adoption of smart factory technologies witnessed a remarkable 50% year-over-year growth. Moreover, 74% of surveyed manufacturers are either utilizing or planning to integrate artificial intelligence into their manufacturing operations. Additionally, 83% of manufacturing professionals will upgrade their modernization processes into smart factories. Therefore, the growing popularity of smart factories will drive the growth of the automation industrial monitor market.
Key Industry Players
Major companies operating in the automation industrial monitors market are Siemens AG, Mitsubishi Electric Corporation, Honeywell International Inc., ABB Group, Eaton Corporation plc, Emerson Electric Co., Rockwell Automation Inc., Danfoss A/S, Omron Corporation, FANUC Corporation, SMC Corporation, Yaskawa Electric Corporation, Festo AG & Co. KG, KUKA AG, Yokogawa Electric Corporation, Advantech Co. Ltd., National Instruments Corporation, OmniVision Technologies Inc., Beckhoff Automation GmbH & Co. KG, Kontron S&T AG, Barco NV, Pepperl+Fuchs GmbH, Sparton Corporation, AAEON Technology Inc., Axiomtek Co. Ltd., Edge Electronics LLC, RGB Spectrum, Computer Dynamics (CIMTEC Automation), Hope Industrial Systems Inc.
The automation industrial monitors market report table of contents includes:
1. Executive Summary
2. Automation Industrial Monitors Characteristics
3. Automation Industrial Monitors Trends And Strategies
4. Automation Industrial Monitors – Macro Economic Scenario
5. Global Automation Industrial Monitors Size and Growth
…..
32. Global Automation Industrial Monitors Competitive Benchmarking
33. Global Automation Industrial Monitors Competitive Dashboard
34. Key Mergers And Acquisitions In The Automation Industrial Monitors
35. Automation Industrial Monitors Future Outlook and Potential Analysis
36. Appendix
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