According to our latest market study on “Smart Display Market Forecast to 2028 –Global Analysis – by Coverage Size, Size, Resolution, and Industry,” the market is expected to grow from US$ 1,443.74 million in 2021 to reach US$ 11,547.23 million by 2028; it is anticipated to grow at a CAGR of 36% from 2022 to 2028. As the penetration of IoT (Internet of Things) devices are rising, there has been an increase in the usage of smart displays at various shopping malls, residences, colleges and automobiles among others. With technological advancement, smart display manufacturers can add extra elements to tap new applications such as signage, infotainment, and home and industrial automation. Smart signage display solutions allow the user to interact with the advertisement by touching or swiping the screen.
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List Of TOP KEY PLAYERS in Smart Display Market Report are –
Alphabet, Inc., Amazon.com, Inc., Samsung Corporation, Lenovo Group Ltd. And Panasonic Corporation – Prominent Market Participants in the Smart Displays Market
Synopsis Of Smart Display Market :
Retailers can use such devices to launch a 3D product campaign and allow users to browse their brochures, shop, and locate stores. Advancements such as augmented reality (AR), artificial intelligence (AI), Internet of Things (IoT), and virtual reality (VR) to upgrade customers’ shopping experience and improve operations and inventory management are some of the factors that are providing lucrative opportunities for the growth of smart display market. Such factors are promoting the smart displays market.
The growing technological advancements is primarily driving the smart displays’ market. With the increasing use of technologies, the use of smart devices is increasing. This again is directly proportional to the growth of the smart display market, since users can easily control all such connected devices through these smart displays. Additionally, growing demand for smart signage solutions and smart mirrors in automobiles are also furthering the growth of the market.
Alphabet, Inc., Amazon.com, Inc., Samsung Corporation, Lenovo Group Ltd. and Panasonic Corporation are some of the key market players operating in the global smart displays market. The listing of key players is derived by considering multiple factors such as overall revenue, current smart displays product portfolio, geographical reach, new product launches, market initiatives, and investment in technology up-gradation, partnerships, and other market-related activities. In addition to these players, there are several other important players operating in the smart displays ecosystems which were studies analyzed during the course of this market research study, such as BenQ Corporation; LG Electronics; Magna International Inc.; Sony Corporation; and NEXCOM International Co., Ltd.
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Smart Display Market : Segment
On account of smart display’s benefits, it is witnessing growing demand from numerous end-use industries, such as hospitality, retail, healthcare, and automotive. With the increasing use of technologies, the use of smart devices is increasing, which is directly proportional to the growth of the smart display market. With technological advancement, smart display manufacturers add extra elements to tap new applications, such as signage, infotainment, and home and industrial automation. This is encouraging technology pioneers to provide Artificial Intelligence (AI) based smart display solutions. Big hospitality and retail chains are also adopting smart displays to decrease operational costs and reduce staff size. The rising success of smart speakers contributes to the innovation of smart displays. For instance, in April 2021, Google Nest Hub partnered with Guest Supply and Volara. Furthermore, Google Nest Hub provides its contactless guest information and services with Volara’s voice assistant to Guest Supply hotels in the US. The rising adoption of advanced technology by various industries and increasing competition in the market are driving the growth of the smart display market.
Based on resolution, the smart display market is segmented into Full High Definition (FHD), Ultra High Definition (UHD), and others. Smart displays with HD resolution are mostly used for residential applications. However, most other applications, such as advertising signage or smart kiosks, increasingly use displays with UHD and FHD resolutions. The market is primarily driven by the growing demand for smart signage displays having better resolution so that the users can enjoy an immersive experience.
- Comprehensive market analysis at the global, regional and country level
- Detailed PEST (Political, Economic, Social and Technological) factors impacting the market across key geographic regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- Market dynamics (drivers, restraints, opportunities, and future trends) and impact analysis of drivers and restraints in the short-term, mid-term and long-term.
- Market size and forecasts in terms of revenue; 2020 (historic), 2021 (base year), 2022 – 28 (forecast period).
- In-depth market segmentation and deep dive regional and country-level analysis of 18+ countries across 5 key regions.
- Key company profiles and industry landscape to provide the latest market initiatives and competitive landscape.
- Impact of COVID`19 pandemic on the ecosystem and the market.
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With tables and figures, helping analyze worldwide Global Smart Display Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the Market.
Major Table Of Contents:
- Introduction
- Key Takeaways
- Research Methodology
- Market Landscape
- Key Market Dynamics
- Smart Display Market – Global Market Analysis
- Global Smart Display Market Analysis – By Technology
- Global Smart Display Market Analysis – By End User
- Smart Display Market – Geographic Analysis
- Industry Landscape
- Company Profiles
- Appendix
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