Global Industrial Monitors Market 2017-2021

New Report Released: - Global Industrial Monitors Market 2017-2021

The author of the report recognizes the following companies as the key players in the global industrial monitors market: AAEON, Advantech, Hope Industrial Systems, Rockwell Automation, and Siemens

Other Prominent Vendors in the market are: Axiomtek, Barco, Beckhoff Automation, Computer Dynamics (CIMTEC Automation), Edge Electronics, Honeywell, Kontron, Litemax Electronics, National Instruments, OmniVision Technologies, Pepperl+Fuchs, RGB Spectrum, SECU6, and Sparton

Commenting on the report, an analyst from the research team said: “Since modern automation systems need to monitor many applications, the technologically advanced monitors are used with low response times. Hence, manufacturers have started designing impulse-type displays with the adjustment of pixel and backlight scanning to produce crisp images. This results in a low motion blur and optimized image performance.”

According to the report, the rising complexity of industrial process has led to the evolution of SCADA and Distributed Control System (DCS)-based systems for factory automation in the past few years. SCADA and DC-based systems are widely employed in a variety of industries such as oil and gas, mining, power, and automotive to remotely control the physical processes and therefore, require display monitors to survey and control the process parameters continuously. Hence, the industrial monitors market is expected to increase along with the deployment of SCADA during the forecast period.

Further, the report states that the demand for any industrial products is highly dependent on the macroeconomic business cycle. For example, during 2014-2015, the decline in crude oil prices by 50% created a contraction in investments in the oil and gas and allied industries, resulting in less demand for industrial monitors. In addition, due to the economic slowdown, many manufacturers faced disruption in payments, thereby, affecting the overall industry's ecosystem and its operations.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.