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The global smart display market size attained a value of approximately USD 7.20 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 22.2%, reaching a value of around USD 43.80 billion by 2032.
An increase in research and development efforts, growing focus of market participants' on creating improved smart displays with added features, and an increase in the number of smart stores are anticipated to add to the smart display market revenue. Further advancements in technology of smart displays are likely to heighten its applications across end-users, particularly to aid in customer relations and retention in directly customer facing industries. The growing use of smart displays in the healthcare industry to show patients and visitors maps and directions to the facility and share updates about patient health and treatment, is also surging the market for smart displays.
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The Asia Pacific market for smart displays 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 presence of various small and medium-scale retailers in the region has contributed to the region's growth in the market. Asia Pacific is also home to a number of major players in the smart display market.
Continuous economic expansion, significant technical advancements, more retail space, a broad base of consumers, improved standards of living, and a shift in the lifestyles of consumers have prompted shops in the region to install smart signage solutions in order to boost sales. These firms are focusing on product innovation and investment in introducing their products, in order to get a competitive advantage. In regions such as China and India, the demand for smart displays is anticipated to rise exponentially across residential and automotive sectors, further driving the market's growth.
A smart display is a digital solution that may be operated using voice remotes or Internet of Things (IoT) devices. They are internet-enabled devices that can act as an integrated display screen for digital assistants or other devices.
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By type, the market is divided into:
Based on display size, the market is categorised into:
On the basis of resolution, the market is classified into:
Based on end use, the market is segmented into:
The regional markets for smart displays are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The market for smart displays is expected to witness substantial 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. Growing demand for portable LCD displays, touch screens, and voice command devices have increased the number of smart home appliances, which further increases the market growth for smart displays.
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The smart home market is predicted to expand significantly throughout the forecast period, with an increase in the number of smartphones around the world and rising disposable incomes. AI-powered smart screens can lead to significant investments in the market because of their uses in smart homes for managing lights, fans, security cameras, TV, and other devices. Increased demand for complex features in consumer electronics applications is also expected to boost the market.
The increase in demand for digital advertisements across healthcare, retail, and commercial sectors is expected to boost the demand for smart displays. The rise in the number of smart retail stores worldwide and surge in demand for enhanced smart display solutions are expected to offer lucrative opportunities for the growth of the market during the forecast period. The market is also expected to be driven by an increase in demand for smart mirror systems in the automotive 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:
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 | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Display Size |
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Breakup by Resolution |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*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 Opportunities and Challenges in the Market
8 Global Smart Display Market Analysis
8.1 Key Industry Highlights
8.2 Global Smart Display Historical Market (2018-2023)
8.3 Global Smart Display Market Forecast (2024-2032)
8.4 Global Smart Display Market by Type
8.4.1 Signage
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Home display
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Smart Mirror
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Smart Display Market by Display Size
8.5.1 Below 32 inches
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Between 32 and 52 inches
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Above 52 inches
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Smart Display Market by Resolution
8.6.1 FHD
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 HD
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 UHD
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Smart Display Market by End Use
8.7.1 Automotive
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Residential
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Retail
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Healthcare
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Sport & Entertainment
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.8 Global Smart Display Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.8 Middle East and Africa
8.8.8.1 Historical Trend (2018-2023)
8.8.8.2 Forecast Trend (2024-2032)
9 North America Smart Display Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Smart Display Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Spain
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Asia Pacific Smart Display Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Smart Display Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Smart Display Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Alpine Electronics, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Alphabet Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Japan Display Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Leyard Optoelectronic Co., Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 LG Electronics Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Samsung Electronics Co. Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Sony Group
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Panasonic Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Amazon.com, Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Gentex Corporation
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Smart Display Market: Key Industry Highlights, 2018 and 2032
2. Global Smart Display Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Smart Display Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Smart Display Historical Market: Breakup by Display Size (USD Million), 2018-2023
5. Global Smart Display Market Forecast: Breakup by Display Size (USD Million), 2024-2032
6. Global Smart Display Historical Market: Breakup by Resolution (USD Million), 2018-2023
7. Global Smart Display Market Forecast: Breakup by Resolution (USD Million), 2024-2032
8. Global Smart Display Historical Market: Breakup by End Use (USD Million), 2018-2023
9. Global Smart Display Market Forecast: Breakup by End Use (USD Million), 2024-2032
10. Global Smart Display Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Smart Display Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Smart Display Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Smart Display Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Smart Display Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Smart Display Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Smart Display Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Smart Display Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Smart Display Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Smart Display Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Smart Display Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Smart Display Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Smart Display Market Structure
In 2023, the global market for smart displays attained a value of approximately USD 7.20 billion.
The market is projected to grow at a CAGR of 22.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 43.80 billion by 2032.
The major drivers of the market include the technical advancements, improving standards of living, surge in disposable income in developing countries, increase in demand for digital advertisements, rise in the number of smart retail stores, and an increase in the number of smartphones.
The key smart display market trends include 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.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant types of smart displays in the market are signage, home display, and smart mirror.
The various display sizes in the market for smart displays are below 32 inches, between 32 and 52 inches, and above 52 inches.
The different resolutions of smart displays in the market are FHD, HD, and UHD.
The leading end uses of smart displays include automotive, residential, retail, healthcare, and sport and entertainment.
The major players in the market, according to the report, are Alpine Electronics, Inc., Alphabet Inc., Japan Display Inc., Leyard Optoelectronic Co., Ltd., LG Electronics Inc., Samsung Electronics Co. Ltd., Sony Group, Panasonic Corporation, Amazon.com, Inc., and Gentex Corporation, among others.
The global smart display market attained a value of approximately USD 7.20 billion in 2023, 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 2024-2032, growing at a CAGR of 22.2%. The market is projected to reach a value of around USD 43.80 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. 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 segmented into FHD, HD, and UHD. The end uses of the market include automotive, residential, retail, healthcare, and sport and entertainment. The major regional markets for smart displays 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., LG Electronics Inc., Samsung Electronics Co. Ltd., Sony Group, Panasonic Corporation, Amazon.com, Inc., and Gentex Corporation, 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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