The Latin America, Middle East and Africa Industrial Display Market would witness market growth of 10.0% CAGR during the forecast period (2022-2028).
Companies are spending a lot of money to boost their production capacity to meet the demand. LG Display, for example, announced a KRW 970 million investment in a versatile OLED display manufacturing line of the sixth generation in 2016 to strengthen its market presence. However, the use of OLED-based gadgets in mobile phones, digital cameras, virtual reality headsets, laptops, televisions, and tablets, among other things, contributes to the growth of the industrial display market.
Increasing demand for displays from industries such as healthcare and automotive, among others, is expected to create new growth opportunities for the market's major players. Automotive manufacturers are focusing on industrial displays in vehicle interiors. Audi AG and Samsung Corporation, for example, formed a strategic alliance in May 2019 to support the former concept car, Audi Prologue A9 Prototype. The proposed car would then house a lightweight, high-resolution Samsung OLED display near its gear stick to help better control vehicle settings.
The Covid-19 outbreak has highlighted the brittleness of supply chains in the manufacturing industry both in Africa and around the world. Global understanding of the importance of local manufacturing supply chains to local health security has been compelled by this, particularly regarding vital healthcare goods. Interested academics from Africa, as well as other experts working on regulation, distribution, and industrial assistance in African nations, participated in a private webinar on regulation, distribution, and industrial support on October 28, 2020. The objectives were to document the experience of the reality of manufacturing in Africa and India under Covid-19 conditions and to formulate policy recommendations.
The Brazil market dominated the LAMEA Industrial Display Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $151 million by 2028. The Argentina market is experiencing a CAGR of 10.5% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 9.7% during (2022 - 2028).
Based on Technology, the market is segmented into LCD, LED and OLED & E-paper. Based on Type, the market is segmented into Panel-Mount Monitors, Open-frame Monitors, Rugged Displays, Video Walls and Others. Based on End-use, the market is segmented into Manufacturing, Energy & Power, Mining & Metals, Chemical, Oil, and Gas, and Others. Based on Panel Size, the market is segmented into 14-21”, 21-40”, Up to 14’’, and 40” and above. Based on Application, the market is segmented into HMI, Remote Monitoring, interactive Display and Digital Signage. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Industrial Display Market is Predict to reach $7.2 Billion by 2028, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Display Co., Ltd. (Samsung Electronics Co. Ltd.), LG Display Co., Ltd. (LG Corporation), Leyard Optoelectronic Co. (Planar Systems, Inc.), Advantech Co., Ltd., Siemens AG, Sharp NEC Display Solutions, Ltd. (Sharp Corporation), Pepperl + Fuchs Group, Japan Display, Inc., Winmate, Inc., and Maple Systems, Inc.
By Technology
By Type
By End-use
By Panel Size
By Application
By Country
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