Press release
Smart Display Market Size Worth US$ 11,547.23 million By 2028 | CAGR 36%: The Insight Partners
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.
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Smart Display Market Insights
Once the customers get used to a particular brand's product, they purchase other products from the same brand. Some well-known brands, such as Google; Amazon, Inc.; Bosch; Panasonic; BenQ Corporation; LG Electronics; Lenovo Group, Ltd.; Samsung Corporation; and Sony Corporation, offer various smart display solutions for automobiles, healthcare, residential, and retail industries. These brands effortlessly attract their loyal customers and are a major driving factor for the growth of the smart display market. Brands sometimes promote their products before the launch to create hype among customers. For instance, In March 2022, Xiaomi's smart display 10 was listed on multiple websites, and the product was launched in April 2022. In January 2022, Google launched its 2nd generation Google Nest Hub smart display in India at US$ 103.24. In June 2021, Amazon launched 2 new smart display products in the Indian market; the Echo show 10 and 5. Thus, the rising popularity of the brands is driving the growth of the smart display market.
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The smart display market analysis is segmented into coverage size, size, resolution, and industry. Based on coverage size, the market is further segmented into up to 12 inches, above 12 inches - up to 32 inches, above 32 inches - up to 52 inches, and above 52 inches. On the basis of size, the smart display market is segmented into signage, display, and mirror. Based on resolution, the market is segmented into full high definition, ultra high definition, and others. On the basis of industry, the market is segmented into consumer & home appliances, automotive, healthcare, retail, and others.
Alphabet Inc.; Amazon.com, Inc.; LG Electronics; LENOVO GROUP LIMITED; Magna International Inc; Panasonic Corporation; Sony Corporation; BenQ Corporation; NEXCOM International Co., Ltd.; and Samsung Electronics Co., Ltd. are among the key players profiled during this study on the smart display market. In addition, several other important market players were studied and analyzed during the course of this market study to get a holistic view of the global market and its ecosystem.
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Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Sameer Joshi E-mail: sales@theinsightpartners.com Phone: +1-646-491-9876
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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