The new report by Expert Market Research titled, ‘Global Smart Display Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global smart display market, assessing the market based on its segments like type, display size, resolution, end use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Historical Market Size (2021): USD 4.59 Billion
- Forecast CAGR (2022-2027): 21.50%
- Forecast Market Size (2027): USD 14.77 Billion
Smart display technology has been gaining traction over the last few years. The growing usage of smart displays in residential and public facilities such as retail shops and the increasing number of infrastructural improvements such as smart homes and increasing demand for smart vehicles are contributing to the market growth. The vehicle smart display industry is predicted to increase in response to consumer desire for comfort amenities as well as safety regulations. The growing demand for connected automobiles is one of the primary factors driving the industry forward. The growing use of smart displays in the healthcare industry to display hospital maps and directions to assist patients or visitors in getting to their chosen location is also driving global market expansion. Moreover, the increasing penetration of internet users and the high demand for smart mirrors are also fuelling the growth of the global smart display industry. High adoption of smart display devices in smart homes and the automotive sector as smaller displays are more preferred over larger screens which is a key factor fueling segment revenue growth.
Industry Definition and Major Segments
A smart display is a smart speaker with a touch screen that can be operated with simple voice commands. These devices come in a variety of sizes and can help users listen to music, check the weather, watch videos, watch programmes, make video chats, and control other smart home devices. Smart screens are also commonly used in modern autos with infotainment systems.
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By type, the market is divided into:
- Signage
- Home Display
- Smart Mirror
Based on display size, the market includes:
- Below 32 inches
- Between 32 and 52 inches
- Above 52 inches
On the basis of resolution, the market is classified into:
- FHD
- HD
- UHD
The end use of the market includes:
- Automotive
- Residential
- Retail
- Healthcare
- Sport and Entertainment
On the basis of region, the industry is divided into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
Factors such as growing inclination towards modern lifestyle, increasing disposable income, and increased adoption of the Internet of Things (IoT) and Artificial Intelligence (AI), shifting consumer preference, advancements in digitalisation, luxurious and convenient smart vehicles, and increasing dependency on virtual assistant technologies are boosting demand for smart displays. Increased research and development activities, increased investment and focus of market participants on producing upgraded smart displays with more functions, and an increase in the number of smart stores are projected to support worldwide market growth in the future. The smart home market is predicted to rise significantly throughout the forecast period, with an increase in the number of smartphones around the world. Increased demand for complex features in consumer electronics applications is also expected to boost the sector.
Latest News on Smart Display Market: https://www.expertmarketresearch.com/pressrelease/global-smart-display-market
Key Market Players
The major players in the market are Alpine Electronics, Inc., Alphabet Inc., Japan Display Inc., Leyard Optoelectronic Co., Ltd., and LG Electronics Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
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**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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