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Automotive, Farm Equipment, and Medical Professional Together Accounted for More Than ~70% Share of the Embedded Display Market in 2014
Embedded displays are considered to be self-help systems designed to implement a prevention-oriented, consumer-driven model. Embedded displays have been applied in many industries since the inception of display in devices. Today, embedded displays have a considerable in many industries, with the help of technologies such as LED, LCD, OLED and others. The display market growth was restricted to only 10 - 11% till 2011; however, this equation is expected to change in a couple of years. Development of new display technologies and automated devices have been pushing the demand for embedded displays, owing to their huge advantages, user friendly features, low cost, and high efficiency. Embedded displays are finding their presence in different applications such as industrial automation, home automation, medical professional, and farm equipment. Collectively, many such factors would propel the embedded display market to a greater height, which is expected to reach $12.8 billion by 2020.
Major industry segments have been growing at the highest growth rate; however, automotive segment till date has managed to maintain frequent product offerings in the market of embedded display. This is because it has ample technological advancements in the Head-Up Displays (HUD) market. Industrial automation and home automation are expected to grow at CAGR of 18.35% and 16.46% respectively between 2014 and 2020.
Besides the benefits of user friendly systems and increase in the number of automated devices, the demand for embedded displays is growing due to the emergence in most of the applications.. The medical professional segment is growing due to the increasing applications in the medical sector; this has resulted in the increasing use of embedded displays.
Medical devices are required in hospitals and homes. Embedded displays are applied in equipment used for both life-critical and therapeutic applications, as well as facilitate decision-making in X-ray and other advanced analytical equipment. The growth in telemedicine has increased the demand of embedded displays in medical professional and medical personal segments. Embedded displays facilitate the handling of complex and sophisticated devices required in industrial automation and medical industry segments.
Embedded Display Market by Technology (LCD, LED, OLED), Industry (Automotive, Construction equipment, Medical, Fitness equipment, Wearables, Home appliances, HVAC, Industrial automation) & Geography - Forecast to 2020.
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252