Graphic displays drive monitor market
Natick, Mass. - Venture Development Corporation (VDC) has recently published a market study titled "North American Markets And User Needs For Operator Interfaces and Monitors In Discrete & Process Manufacturing: Are We Ready For The Internet Yet, 4th Edition".
Natick, Mass. - Venture Development Corporation (VDC) has recently published a market study titled 'North American Markets And User Needs For Operator Interfaces and Monitors In Discrete & Process Manufacturing: Are We Ready For The Internet Yet, 4th Edition'. In this report, VDC estimates the North American market for industrial electronic monitors for use in discrete and process manufacturing applications to have totaled about $147 million in 2000. The market is expected to grow to about $183 million in 2005, at a compound annual growth rate (CAGR) of 4.5%. This market consists of both alphanumeric and graphic monitors, with the bulk in the latter category. Also, all of the market growth is expected to be in graphic monitors.
This steady growth in demand for graphic monitors in industrial applications is expected to follow the desktop PC market in that more people are becoming accustomed to, therefore demanding, graphical user interface modes of operation. Furthermore, the emergence of Windows based variants and other graphical operating systems in factory applications has led to a rapidly expanding market for industrial software applications that are visual, intuitive, easy to configure and use.
Growth of the graphic monitor market also is expected to be driven by declining prices, the range of technologies available, choices between CRT and flat panel, the expanding ranges of display sizes available, improving resolutions, and the growing availability of monitors with touch screens.
The market for alphanumeric monitors is expected to decline slightly over the next five years, as users increasingly turn to graphic monitors to satisfy their increasing information-display needs. Alphanumeric monitors are expected to remain a very small portion of the market for those applications requiring less information, and low cost.