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Global Smart Display Market: By Type: Signage, Home display, Smart Mirror; By Display Size: Below 32 inches, Between 32 and 52 inches, Above 52 inches; By Resolution: FHD, HD, UHD; By End Use: Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Smart Display Market Outlook
The global smart display market reached a value of about USD 4.59 billion in 2021. The industry is further expected to grow at a CAGR of about 21.50% in the forecast period of 2023-2028 to reach a value of around USD 14.77 billion by 2027.
Asia Pacific to be a Significant Regional Market for Smart Display
The Asia Pacific is expected to develop at the highest rate during the forecast period, owing to the high adoption of smart displays in automobiles and home appliances. The Asia Pacific, specifically Japan, remains a significant participant in the global supply chain market; organisations in the country where resources are being invested heavily in technology, such as the use of multifunction printing technology for cost-effective solutions.
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The presence of various small and medium-scale retailers in the region has contributed to the region's market growth. Asia Pacific is also home to a number of major market players. Continuous economic expansion, significant technical advancements, more retail space, a broad base of consumers, improved standards of living, and a shift in the masses' lifestyles have prompted shops in the countries to install smart signage solutions in order to boost sales. These firms are focusing on product innovation and investment, and introducing their products, in order to get a competitive advantage in the smart display industry. In regions such as China, Taiwan, and India, the surging demand for smart displays can rise exponentially across residential and automotive sectors, further driving the market's growth.
Smart Display: Market Segmentation
A smart display is a digital solution that may be operated using voice remotes or Internet of Things (IoT) devices. In the automotive and retail industries, for example, the smart mirror is an innovative technology capable of capturing the user's personal information and shopper's experience.
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
The regional markets for smart display industry can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Surging Demand for AI-Powered and IoT-Enabled Smart Appliances Boosting the Market Growth
The smart display market is expected to witness a high growth during the forecast period, owing to the rise in demand for artificial intelligence (AI) and Internet of Things (IoT) based smart applications in the residential sector due to a surge in disposable income in developing countries. Growing demand for portable LCD displays, touch screens, and voice command devices have increased the number of smart home appliances, which further drive the smart display market. The market for smart displays is expected to be driven by an increase in demand for smart mirror systems in the automotive industry. The increase in demand for digital advertisement across healthcare, retail, and commercial sectors is expected to boost the demand for the smart display. The rise in the number of smart retail stores worldwide and surge in demand for enhanced smart display solutions are expected to offer a lucrative opportunity for the growth of the automotive smart display market during the forecast period. The smart home market is predicted to rise significantly throughout the forecast period, with an increase in the number of smartphones around the world. Because of its uses in smart homes for managing lights, fans, security cameras, TV, and other devices, AI-powered smart screens can lead to significant investment. Increased demand for complex features in consumer electronics applications is also expected to boost the sector.
Key Industry Players in the Global Smart Display Market
The report gives a detailed analysis of the following key players in the global smart display market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Alpine Electronics, Inc.
- Alphabet Inc.
- Japan Display Inc.
- Leyard Optoelectronic Co., Ltd.
- LG Electronics Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Display Size, Resolution, End Use, Region |
| Breakup by Type | Signage, Home display, Smart Mirror |
| Breakup by Display Size | Below 32 inches, Between 32 and 52 inches, Above 52 inches |
| Breakup by Resolution | FHD, HD, UHD |
| Breakup by End Use | Automotive, Residential, Retail, Healthcare, Sport & Entertainment |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Alpine Electronics, Inc., Alphabet Inc., Japan Display Inc., Leyard Optoelectronic Co., Ltd., LG Electronics Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Smart Display Market Analysis
8.1 Key Industry Highlights
8.2 Global Smart Display Historical Market (2018-2022)
8.3 Global Smart Display Market Forecast (2023-2028)
8.4 Global Smart Display Market by Type
8.4.1 Signage
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Home display
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Smart Mirror
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Smart Display Market by Display Size
8.5.1 Below 32 inches
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Between 32 and 52 inches
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Above 52 inches
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Smart Display Market by Resolution
8.6.1 FHD
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 HD
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 UHD
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.7 Global Smart Display Market by End Use
8.7.1 Automotive
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Residential
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Retail
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Healthcare
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Sport & Entertainment
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
8.8 Global Smart Display Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Spain
9.2.3.6 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Alpine Electronics, Inc.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Alphabet Inc.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Japan Display Inc.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Leyard Optoelectronic Co., Ltd.
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 LG Electronics Inc.
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Industry Events and Developments
List of Key Figures and Tables
1. Global Smart Display Market: Key Industry Highlights, 2018 and 2028
2. Global Smart Display Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Smart Display Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Smart Display Historical Market: Breakup by Display Size (USD Million), 2018-2022
5. Global Smart Display Market Forecast: Breakup by Display Size (USD Million), 2023-2028
6. Global Smart Display Historical Market: Breakup by Resolution (USD Million), 2018-2022
7. Global Smart Display Market Forecast: Breakup by Resolution (USD Million), 2023-2028
8. Global Smart Display Historical Market: Breakup by End Use (USD Million), 2018-2022
9. Global Smart Display Market Forecast: Breakup by End Use (USD Million), 2023-2028
10. Global Smart Display Historical Market: Breakup by Region (USD Million), 2018-2022
11. Global Smart Display Market Forecast: Breakup by Region (USD Million), 2023-2028
12. North America Smart Display Historical Market: Breakup by Country (USD Million), 2018-2022
13. North America Smart Display Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Europe Smart Display Historical Market: Breakup by Country (USD Million), 2018-2022
15. Europe Smart Display Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Asia Pacific Smart Display Historical Market: Breakup by Country (USD Million), 2018-2022
17. Asia Pacific Smart Display Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Latin America Smart Display Historical Market: Breakup by Country (USD Million), 2018-2022
19. Latin America Smart Display Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Middle East and Africa Smart Display Historical Market: Breakup by Country (USD Million), 2018-2022
21. Middle East and Africa Smart Display Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Global Smart Display Market Structure
Key Questions Answered in the Report
In 2021, the global smart display market attained a value of nearly USD 4.59 billion.
The market is projected to grow at a CAGR of 21.50% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 14.77 billion by 2027.
The major drivers of the market include the technical advancements, improved standards of living, surge in disposable income in developing countries, increase in demand for digital advertisement, rise in the number of smart retail stores, and an increase in the number of smartphones.
The rise in demand for artificial intelligence (AI) and Internet of Things (IoT) and an increase in demand for smart mirror systems in the automotive industry are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on type, the market is categorised into signage, home display, and smart mirror.
On the basis of display size, the market is divided into below 32 inches, between 32 and 52 inches, and above 52 inches.
Based on resolution, the market is divided into FHD, HD, and UHD.
The end use of the market includes automotive, residential, retail, healthcare, and sport and entertainment.
The major players in the industry are Alpine Electronics, Inc., Alphabet Inc., Japan Display Inc., Leyard Optoelectronic Co., Ltd., and LG Electronics Inc., among others.
Analyst Review
The global smart display market attained a value of USD 4.59 billion in 2021, driven by the rise in demand for artificial intelligence (AI) and Internet of Things (IoT). Aided by the rise in the number of smart retail stores, and an increase in the number of smartphones, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 21.50%. The market is projected to reach USD 14.77 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is categorised into signage, home display, and smart mirror. On the basis of display size, the market is divided into below 32 inches, between 32 and 52 inches, and above 52 inches. Based on resolution, the market is divided into FHD, HD, and UHD. The end use of the market includes automotive, residential, retail, healthcare, and sport and entertainment. The major regional markets for smart display are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market are Alpine Electronics, Inc., Alphabet Inc., Japan Display Inc., Leyard Optoelectronic Co., Ltd., and LG Electronics Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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