The embedded display market size is projected to reach US$ 37.75 billion by 2031 from US$ 22.15 billion in 2023. The market is expected to register a CAGR of 6.9% during 2023–2031. The growing demand for automation among industries and the rising adoption of smart wearables are likely to remain key trends in the market.
The embedded display market is growing at a rapid pace due to the increasing adoption of high-resolution displays and increasing demand for gaming consoles. The market is expanding steadily, driven by the growing installation of digital signage and interactive displays. Moreover, the rising demand for ultra-small LCD and the growing adoption of organic light-emitting diode (OLED) display technology is providing lucrative opportunities for market growth.
An embedded display is a screen that interfaces with an embedded device. The screen displays information about how the device operates and allows users to interact with it. These displays, also known as embedded touch, allow users to interact with the device by just touching the screen's surface. Smartphones, especially the iPhone, were among the first products to incorporate this technology. Retail displays are increasingly including embedded touch screens. Moreover, significant benefits offered by embedded displays, such as cost-effectiveness, customization, and durability, among others, increase the demand among customers. Thus, boosting the market during the forecast period.
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Embedded Display Market: Strategic Insights
Riverdi Sp. z o.o. offers STM32 embedded displays series for a variety of applications. STM32 touchscreen displays are the highest resolution (1280×800 pixel) screens on the market that have a typical surface luminance is up to 1000 cd/m2, indicating that these TFT displays are extremely bright even outdoors. The display provides complete viewing angles, enabling users to interact with the display naturally and intuitively from all sides. These displays are built to fulfill the most stringent criteria, with high resolution, brightness, and a slew of features. Furthermore, the rising demand for high-resolution displays in numerous applications, including advanced HMI (human-machine interface), point of sales (POS), medical devices, military devices, smart home automation and appliances, IoT industrial sensors and thermostats, wearables and smart devices, e-bikes and other small EVs is boosting the market.
An increasing number of embedded applications require ultra-small displays. Historically, such methods were expensive due to the complicated downsizing of components. 4D Systems provides a 1.3" embedded graphics display with a low total cost of ownership, defying industry trends. The pixxiLCD-13 is a 1.3" round color TFT-LCD compact intelligent display module that offers an array of functionality and possibilities for any designer, integrator, or user looking to add a complete color HMI to an application. Similarly, the round IPS display uses in-plane switching (IPS) LCD technology to provide wide viewing angles. The pixxiLCD-13 is driven by the programmable PIXXI-28 graphics processor, which supports touch detection, microSD or serial flash memory storage, GPIO and ADC, multiple millisecond resolution timers, and UART and I2C communication. Moreover, the pixxiLCD-13 is suitable for a wide range of applications, including general-purpose low-cost embedded graphics, automotive displays, elevator control systems, instrumentation, security and access control panels, electronic gauges and meters, industrial control/robotics, GPS/Sat-Nav systems, consumer appliance devices, heart rate and blood pressure monitors, medical instruments, smart home automation display panels, and vending machine panels.
Key segments that contributed to the derivation of the embedded display market analysis are type and application.
The geographic scope of the embedded display market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The market in Europe is expected to dominate the market. The region's developed economies such as Germany, France, and the UK, are well-known as manufacturing and business hubs. They have also seen a rise in factory automation and the adoption of intelligent Internet of Things technologies. This has caused the automotive, electronics, aerospace and military, and semiconductor industries throughout Europe to see an increase in the use of Internet of Things (IoT)-connected equipment and devices, including as smart robots, programmable logic controllers (PLC), HMIV, and other industrial automation and control systems.
The region is home to several top automobile businesses developing sophisticated technologies, including autonomous driving, electrified vehicles, and ADAS, which integrate with embedded processors for various uses. Europe has well-known aerospace and defense solution providers who develop equipment and gadgets for both the government and private sector. These devices use embedded displays for certain purposes and functionalities. The construction business in Europe is thriving thanks to cheap financing rates, rising investment levels, and increased employment. This is likely to increase demand for embedded screens used in construction equipment for numerous purposes.
The Russia-Ukraine war has resulted in a potential increase in investment in embedded systems for armored military vehicles, which is likely to assist the embedded display market's growth. The growth of defense vehicles has resulted in greater usage of lot technologies and components, necessitating the employment of appropriate displays to manage and monitor operations. The war may have an impact on the economy and fuel prices in many countries, as well as restrict automobile sales due to fluctuating oil prices. However, the continued development of automobile displays to meet the need for "green" automobiles will provide significant opportunities for the sector, outweighing the global impact.
The regional trends and factors influencing the Embedded Display Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Embedded Display Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 22.15 Billion |
| Market Size by 2031 | US$ 37.75 Billion |
| Global CAGR (2023 - 2031) | 6.9% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Technology
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Embedded Display Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Embedded Display Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The embedded display market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the embedded display market are listed below:
The “Embedded Display Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The List of Companies
The global embedded display market is estimated to register a CAGR of 6.9% during the forecast period 2023–2031.
The growing digitalization and increasing demand for interactive displays and digital signage are the major factors that propel the global embedded display market.
The growing demand for automation among industries and the rising adoption of smart wearables to play a significant role in the global embedded display market in the coming years.
The key players holding majority shares in the global embedded display market are Avnet, Inc., Anders OX, Altia Inc., Esterel Technologies SA, ENEA AB, Green Hills Software Inc., Intel Corporation, Microsoft Corporation, Multitouch Ltd., and Planar Systems Inc.
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