Analysis of Industrial LCD Modules market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The increasing usage of industrial LCD modules in various applications, such as for the measurement of instruments, ATM terminals, PoS terminals, auto vending machines and machine tool monitors, is driving the industrial LCD modules market. The evolution of digital technologies and advancements in LCD displays has led to an increase in the demand for these modules. Moreover, the rising demand for LCD modules to improve picture quality is one of the major factors fuelling the growth of the market. In addition, increase in the demand for rugged LCD modules for harsh environments is also one of the major factors creating potential growth opportunities for the industrial LCD modules market.
The availability of new technologies and a wide range of industrial LCD modules for advanced imaging and colour reproduction technologies is generating high demand for industrial LCD modules. In addition, the growing traction of digital videos is expected to rapidly boost the market during the forecast period. Furthermore, the global industrial LCD modules market is expected to witness growth owing to large-scale development in industrial infrastructure in various countries such as the U.S., Germany, India, China and Japan.
Increase in the digitization trend in various industries is a primary factor driving the industrial LCD modules market. In addition, continuous improvements in the cost and performance, which are driven by technological advancements, are driving the market. Moreover, growing demand for the industrial equipment market for intuitive touch interfaces, such as those on smartphones and tablets, is also one of the major factors fuelling the growth of the market. Furthermore, continuous innovations in industrial LCD modules, such as better flash, longer battery life and large storage, are some of the factors creating potential opportunities for the growth of the market.
Apart from these factors, increase in the demand for thinner and lighter industrial-use colour LCD modules is driving the demand for the same. Moreover, various manufacturers of industrial LCD modules are focusing on developing industrial LCD modules that work in harsh environments and require robust operating characteristics, which is among major factors driving the industrial LCD modules market.
The introduction of LED and ultra-LED displays is a primary factor hampering the growth of the industrial LCD modules market. Moreover, technical challenges, which include residual image problems and breaking pixels, is also one of the major factors hindering the growth of the market.
Some of the prominent players in the industrial LCD modules market are
On the basis of geography, Asia Pacific is expected to capture a large share in the industrial LCD modules market owing to the presence of various industrial LCD modules manufacturers in the region. North America is also expected to gain a substantial share in the industrial LCD modules market due to rapid infrastructural development and rise in the trend of digital technologies in various industries.
The industrial LCD modules market in Europe is expected to register high growth rate during the forecast period owing to the growing demand for industrial LCD modules for advanced imaging and colour reproduction technologies. Moreover, the industrial LCD modules market in MEA and Latin America is expected to grow rapidly due to the rising trend of digital technologies in the region.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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The industrial LCD modules market is anticipated to reach USD 2.09 billion.
A CAGR of 8.9% is anticipated for the industrial LCD modules market during the forecast period.
North America dominates the industrial LCD modules market.
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