Smart Display Market Report 2022-2027: Industry Demand, Growth Statistics, SWOT Analysis, Top Leaders Share and Forecast

According to the latest report by IMARC Group, titled "Smart Display Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global smart display market reached a value of US$ 4.79 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 16.16 Billion by 2027, exhibiting at a CAGR of 22.56% during 2022-2027. A smart display is a digital display used to be controlled through voice remote devices or with the Internet of Things (IoT) enabled devices. It utilizes technologies, such as LED, LCD, and other projections, onto the display on preselected content. The smart display includes interactive and complex control functions as a cutting-edge technical solution. It is widely used across the entertainment, healthcare, retail, and sports sector. In addition, smart display applications, such as signage and mirrors, are designed to enhance shopping experiences, greet customers, and display advertisements in retail stores, thereby propelling the adoption of machine vision technology in the healthcare sector.

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The COVID-19 pandemic has adversely affected the demand for smart display. Furthermore, numerous factors, such as rescheduling the launch of models and projects, stabilizing dealer networks, managing cash flow, and reviewing investment portfolios in the automotive sector, affected the production and sales of passenger and commercial vehicles across the world, thus resulting in a decline in the smart display market. The spending capacity of the consumers got reduced considerably due to job loss or salary cuts, which negatively affected the sales of smartphones, smartwatches, and other electronic appliances.

Key Players Included in Global Smart Display Market Report:

• BOE Technology Group Co. Ltd.
• Google LLC (Alphabet Inc.)
• Hitachi Ltd.
• Intel Corporation
• Lenovo Group Limited
• LG Electronics Inc
• Qualcomm Incorporated
• Samsung Electronics Co.Ltd.
• Sharp Corporation
• Sony Group Corporation
• ViewSonic Corporation
• Winstar Display Co. Ltd

Market Trends:

The global market is majorly driven by the growing adoption of smart devices. In line with this, the high demand for smart mirrors across the automotive industry is positively influencing the market growth. Furthermore, the rising demand for AI-powered and IoT-enabled smart home appliances is catalyzing the uptake of the product. Apart from this, the increasing adoption of smart signage in retail is acting as another growth-inducing factor. Moreover, the rising popularity of context-aware signage is creating a positive outlook for the market. Besides, the rapidly expanding shopping malls and retail spaces are strengthening the demand for smart signage solutions to attract passers-by. Additionally, the growing demand for digital advertisement across healthcare, retail, and commercial sectors is offering lucrative growth opportunities for key players in the market.

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Key Market Segmentation:

Breakup by Type:

• Signage
• Mirror
• Home Display

Breakup by Display Size:

• Below 32 Inch
• Between 32 and 52 Inch
• Above 52 Inch

Breakup by Resolution:

• UHD
• FHD
• HD

Breakup by End User:

• Residential
• Retail
• Automotive
• Healthcare
• Sports and Entertainment

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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