Automation Industrial Monitors Market Analysis

The automation industrial monitors market is expected to grow rapidly over the next ten years. This will be driven by the increased utilization in industrial automation monitors across different industries, including discrete and process industries. Expos and trade shows are helping automation industrial monitors OEMs to grow their client base, driving the market growth. It is important to analyse the effects of covid-19 on the automation industrial monitors market. The sudden spread of covid-19 has meant that governments around the world were forced to order stringent lockdowns and closure of facilities. This has had a mixed effect on the automation industrial monitors market. The export and import operations for such equipment has taken a setback due to these reasons.

Global Automation Industrial Monitors market is expected to witness CAGR of 6.46% during the forecast period. The revenue generated by the global Automation Industrial Monitors market in 2021 was over USD 304.04 million and expected to generate revenue worth USD 484.90 million in 2028. The incremental growth opportunity offered by the global Automation Industrial Monitors is estimated to be USD 2.84 billion between 2022 and 2028.     

Interesting Facts about Automation Industrial Monitors Industry

• Screen Size Below 12″, Screen Size Between 12″-17″ and Screen Size Above 17″ are major types of Automation Industrial Monitors
• S. is largest market for Automation Industrial Monitors with over 25% share in 2021
• UK, Germany and France held over 50% share in Europe Automation Industrial Monitors Market
• China, Japan and South Korea to govern the growth of Automation Industrial Monitors in Asia Pacific region
• Industrial Automation will be major growth driving factors in the years to come

COVID 19 Left Considerable Impact on Automation Industrial Monitors Market

Covid-19 has affected the world economy in a number of ways. It has had a direct effect on demand and production. The outbreak has created market as well as supply chain disruptions. The outbreak has also had a detrimental impact on financial markets. Once the covid crisis is over, markets around the world are expected to make a recovery. This will have a positive impact on the automation industrial monitors market.

Wide Ranging Applications of Automation Industrial Monitors

Automation Industrial Monitors find applications across numerous fields in Process Industries and Discrete Industries. Industrial monitors find applications in a variety of industries including energy management, oil rigs, food and beverage, marine ports, mining operations and smart factories. The rugged nature of industrial monitors is what differentiates them from other kinds of monitors. This is expected to drive the growth of the market over the next decade. Industrial monitors are constructed from robust materials and the design employed makes these monitors capable of withstanding the tough industrial environment.

Increasing Complexity of Industrial Processes

Industrial processes are becoming increasingly complex which is having a positive effect on the automation industrial monitors market. Due to increased complexity, industrial processes now rely more on innovative Distributed Control Systems and SCADA based systems to automate factories. These systems are deployed across a wide spectrum of industries including automotive, power, mining, oil and gas as well as other industries to automate the monitoring of processes. Due to the increasing complexity of operations, display monitors are now essential for tracking processes as well as key parameters. Hence, the increase in SCADA and distributed control systems is expected to boost the automation industrial monitors market in the coming years.

Ever Increasing Industrial Automation

The greater use of automation industrial monitors in discrete as well as process industries is fueling the growth of the market. It is expected that the global automation industrial monitors market will expand rapidly over the next ten years. A key driving factor for this rapid growth is the increased automation of production processes and controls. Processes are becoming increasingly automated both in the discrete as well as process industries. This will lead to a boost in demand for industrial automation monitors.

Key market players are striving to develop the latest automation industrial monitors with the most innovative functions that can help to boost user experience. The development of multi-role automation industrial monitors will streamline the monitoring of process parameters and plant status. Prominent players involved in manufacturing of automation industrial monitors include, AAEON, Advantech, Hope Industrial Systems, Rockwell Automation, Siemens, Axiomtek, Barco, Beckhoff Automation, Computer Dynamics (CIMTEC Automation), Edge Electronics, Honeywell, Kontron and Litemax Electronics.

Frequently asked questions about global Automation Industrial Monitors industry