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 observed in the historical period can be attributed to several key factors. These include the ongoing process of industrialization, the imperative of regulatory compliance, efforts toward cost reduction and efficiency improvement, as well as the effects of globalization and advancements in supply chain management practices.
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%. Anticipated growth in the forecast period can be ascribed to several driving factors, including the integration of Industry 4 principles and Internet of Things (IoT) technologies, the rapid pace of digitalization across industries, increasing demand for touchscreen interfaces, the adoption of remote monitoring and control solutions, and a heightened focus on energy efficiency measures. Key trends expected in the forecast period encompass the integration of augmented reality (AR) technologies, emphasis on customization and modular design approaches, as well as the integration of Artificial Intelligence (AI) and machine learning capabilities into industrial automation systems.
The surge in the adoption of smart factories is fueling growth in the automation and industrial monitoring market. Smart factories, characterized by the integration of advanced technologies and data-driven solutions, optimize production processes, enhance efficiency, and boost productivity in manufacturing facilities. These facilities achieve operational excellence and adaptability to changing market demands through the utilization of IoT, AI, and automation. Industrial monitors play a crucial role in smart factories, serving as interfaces for monitoring, controlling, and visualizing production processes. They provide real-time data insights, facilitate operator interaction, and seamlessly integrate with other automation systems and devices. For instance, a survey conducted by Rockwell Automation Inc., a US-based industrial automation company, in May 2022 revealed a remarkable 50% year-over-year growth in the adoption of smart factory technologies among 321 manufacturers. Additionally, 74% of surveyed manufacturers are either utilizing or planning to integrate artificial intelligence into their manufacturing operations, with 83% aiming to upgrade their modernization processes into smart factories. Consequently, the increasing popularity of smart factories is set to propel the automation industrial monitor market's growth.
Key players in the automation industrial monitor market are prioritizing advanced technologies, such as customizable industrial monitors, to better serve customers with enhanced features. These monitors offer flexibility in screen size, resolution, mounting options, connectivity, and additional features to accommodate diverse use cases and environments. For example, in May 2022, Rockwell Automation Inc., a US-based industrial automation company, introduced a new line of customizable industrial monitors named Allen-Bradley ASEM 6300M industrial monitors. Designed to assist machine builders in differentiating their machines and meeting various application requirements, these monitors allow customization according to cost, performance, and aesthetic preferences. The ASEM 6300 monitors cater to a wide range of applications, enabling machine builders to differentiate their offerings from competitors in terms of functionality and appearance. Supporting the display of up to four tiles of information on a single screen, these monitors provide operators with valuable insights, including performance data, work instructions, high-resolution videos, and real-time camera feeds.
In September 2021, Rockwell Automation Inc., a US-based automation company, acquired Plex Systems for an undisclosed amount. This strategic acquisition aims to enhance Rockwell's software offerings, bolster its annual recurring revenue streams, and accelerate its strategy to bring the connected enterprise to life. By combining Plex's cloud technology with Rockwell's expertise, the acquisition seeks to provide customers with cloud-native solutions that enhance their operations' resilience, agility, and sustainability. Plex Systems is a US-based cloud-native smart manufacturing platform offering automated industrial monitoring.
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.
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.
The countries covered in the automation industrial monitors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Automation industrial monitors are specialized display units designed specifically for integration into industrial automation and control systems. These monitors are engineered to adhere to stringent industry standards, ensuring reliability, durability, and optimal performance in demanding environments. The primary function of industrial monitors is to offer real-time visual feedback to operators and control systems, providing essential information on various aspects of industrial processes. This includes monitoring production status, equipment performance, and environmental conditions.
The main categories of automation industrial monitors are delineated by screen size such as screens below 12 inches, screens between 12 and 17 inches, and screens above 17 inches. Monitors with smaller screen sizes, below 12 inches, are tailored for industrial applications and are equipped with features such as high brightness, substantial contrast ratios, and robust construction to withstand harsh operating conditions. These monitors find applications across process industries as well as discrete industries, serving end-users in sectors such as automotive, manufacturing, electronics, and electrical engineering, among others.
The automation industrial monitors market research report is one of a series of new reports that provides automation industrial monitors market statistics, including automation industrial monitors industry global market size, regional shares, competitors with a automation industrial monitors market share, detailed automation industrial monitors market segments, market trends and opportunities, and any further data you may need to thrive in the automation industrial monitors industry. This automation industrial monitors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automation industrial monitors market consist of touchscreen monitors, ruggedized monitors, panel PCs, and high-brightness monitors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
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%. Anticipated growth in the forecast period can be ascribed to several driving factors, including the integration of Industry 4 principles and Internet of Things (IoT) technologies, the rapid pace of digitalization across industries, increasing demand for touchscreen interfaces, the adoption of remote monitoring and control solutions, and a heightened focus on energy efficiency measures. Key trends expected in the forecast period encompass the integration of augmented reality (AR) technologies, emphasis on customization and modular design approaches, as well as the integration of Artificial Intelligence (AI) and machine learning capabilities into industrial automation systems.
The surge in the adoption of smart factories is fueling growth in the automation and industrial monitoring market. Smart factories, characterized by the integration of advanced technologies and data-driven solutions, optimize production processes, enhance efficiency, and boost productivity in manufacturing facilities. These facilities achieve operational excellence and adaptability to changing market demands through the utilization of IoT, AI, and automation. Industrial monitors play a crucial role in smart factories, serving as interfaces for monitoring, controlling, and visualizing production processes. They provide real-time data insights, facilitate operator interaction, and seamlessly integrate with other automation systems and devices. For instance, a survey conducted by Rockwell Automation Inc., a US-based industrial automation company, in May 2022 revealed a remarkable 50% year-over-year growth in the adoption of smart factory technologies among 321 manufacturers. Additionally, 74% of surveyed manufacturers are either utilizing or planning to integrate artificial intelligence into their manufacturing operations, with 83% aiming to upgrade their modernization processes into smart factories. Consequently, the increasing popularity of smart factories is set to propel the automation industrial monitor market's growth.
Key players in the automation industrial monitor market are prioritizing advanced technologies, such as customizable industrial monitors, to better serve customers with enhanced features. These monitors offer flexibility in screen size, resolution, mounting options, connectivity, and additional features to accommodate diverse use cases and environments. For example, in May 2022, Rockwell Automation Inc., a US-based industrial automation company, introduced a new line of customizable industrial monitors named Allen-Bradley ASEM 6300M industrial monitors. Designed to assist machine builders in differentiating their machines and meeting various application requirements, these monitors allow customization according to cost, performance, and aesthetic preferences. The ASEM 6300 monitors cater to a wide range of applications, enabling machine builders to differentiate their offerings from competitors in terms of functionality and appearance. Supporting the display of up to four tiles of information on a single screen, these monitors provide operators with valuable insights, including performance data, work instructions, high-resolution videos, and real-time camera feeds.
In September 2021, Rockwell Automation Inc., a US-based automation company, acquired Plex Systems for an undisclosed amount. This strategic acquisition aims to enhance Rockwell's software offerings, bolster its annual recurring revenue streams, and accelerate its strategy to bring the connected enterprise to life. By combining Plex's cloud technology with Rockwell's expertise, the acquisition seeks to provide customers with cloud-native solutions that enhance their operations' resilience, agility, and sustainability. Plex Systems is a US-based cloud-native smart manufacturing platform offering automated industrial monitoring.
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.
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.
The countries covered in the automation industrial monitors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Automation industrial monitors are specialized display units designed specifically for integration into industrial automation and control systems. These monitors are engineered to adhere to stringent industry standards, ensuring reliability, durability, and optimal performance in demanding environments. The primary function of industrial monitors is to offer real-time visual feedback to operators and control systems, providing essential information on various aspects of industrial processes. This includes monitoring production status, equipment performance, and environmental conditions.
The main categories of automation industrial monitors are delineated by screen size such as screens below 12 inches, screens between 12 and 17 inches, and screens above 17 inches. Monitors with smaller screen sizes, below 12 inches, are tailored for industrial applications and are equipped with features such as high brightness, substantial contrast ratios, and robust construction to withstand harsh operating conditions. These monitors find applications across process industries as well as discrete industries, serving end-users in sectors such as automotive, manufacturing, electronics, and electrical engineering, among others.
The automation industrial monitors market research report is one of a series of new reports that provides automation industrial monitors market statistics, including automation industrial monitors industry global market size, regional shares, competitors with a automation industrial monitors market share, detailed automation industrial monitors market segments, market trends and opportunities, and any further data you may need to thrive in the automation industrial monitors industry. This automation industrial monitors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automation industrial monitors market consist of touchscreen monitors, ruggedized monitors, panel PCs, and high-brightness monitors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Automation Industrial Monitors Market Characteristics3. Automation Industrial Monitors Market Trends and Strategies32. Global Automation Industrial Monitors Market Competitive Benchmarking33. Global Automation Industrial Monitors Market Competitive Dashboard34. Key Mergers and Acquisitions in the Automation Industrial Monitors Market
4. Automation Industrial Monitors Market - Macro Economic Scenario
5. Global Automation Industrial Monitors Market Size and Growth
6. Automation Industrial Monitors Market Segmentation
7. Automation Industrial Monitors Market Regional and Country Analysis
8. Asia-Pacific Automation Industrial Monitors Market
9. China Automation Industrial Monitors Market
10. India Automation Industrial Monitors Market
11. Japan Automation Industrial Monitors Market
12. Australia Automation Industrial Monitors Market
13. Indonesia Automation Industrial Monitors Market
14. South Korea Automation Industrial Monitors Market
15. Western Europe Automation Industrial Monitors Market
16. UK Automation Industrial Monitors Market
17. Germany Automation Industrial Monitors Market
18. France Automation Industrial Monitors Market
19. Italy Automation Industrial Monitors Market
20. Spain Automation Industrial Monitors Market
21. Eastern Europe Automation Industrial Monitors Market
22. Russia Automation Industrial Monitors Market
23. North America Automation Industrial Monitors Market
24. USA Automation Industrial Monitors Market
25. Canada Automation Industrial Monitors Market
26. South America Automation Industrial Monitors Market
27. Brazil Automation Industrial Monitors Market
28. Middle East Automation Industrial Monitors Market
29. Africa Automation Industrial Monitors Market
30. Automation Industrial Monitors Market Competitive Landscape and Company Profiles
31. Automation Industrial Monitors Market Other Major and Innovative Companies
35. Automation Industrial Monitors Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Automation Industrial Monitors Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on automation industrial monitors market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for automation industrial monitors? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automation industrial monitors market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Screen Size Below 12; Screen Size Between 12-17; Screen Size Above 172) by Application: Process Industries; Discrete Industries
3) by End User: Automotive; Manufacturing; Electronic and Electrical; Other End-Users
Key Companies Mentioned: Siemens AG; Mitsubishi Electric Corporation; Honeywell International Inc; ABB Group; Eaton Corporation plc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- 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.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | May 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 2.53 Billion |
Forecasted Market Value ( USD | $ 3.46 Billion |
Compound Annual Growth Rate | 8.2% |
Regions Covered | Global |
No. of Companies Mentioned | 29 |