Press release
Smart Display Market Analysis and Industry Forecast, 2021-2028
The smart display market size was valued at USD 3.78 billion in 2020 and is projected to reach USD 18.25 billion by 2028 growing at a CAGR of 21.6% from 2021 to 2028. Key drivers of the smart display market include the emergence of artificial intelligence and IoT-enabled smart applications in commercial, residential, and industrial sectors. The car industry's expanding use of smart mirrors will fuel smart display market expansion. On the other hand, rising demand in the healthcare sector and the expansion of smart retailers internationally will accelerate smart display market expansion in the years to come.
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Smart Display Market Trends
The use of smart displays in the residential, commercial, and industrial sectors have expanded thanks to the variety of connectivity choices available, including high-speed internet, Wifi, and Bluetooth. The rate of automation in homes, businesses, commercial spaces, etc. has changed thanks to AI and IoT. These devices are increasingly being used for home security, workplace safety, and entertainment. During the projected period, these elements are anticipated to fuel the market for smart displays. The smart display market will continue to rise as a result of the additional benefits of data collection, predictive analysis, monitoring, and remote access.
The proliferation of networking alternatives inside vehicles has been accelerated by the rising smartphone penetration. Comfort, convenience, and safety are all provided by LED, LCD, and touchscreen displays. The efficient administration of fleets is ensured by continuous observation of driver behavior. However, worries about compromised client data and gadget failures will reduce market penetration. Passwords, security codes, or even your home equipment could be accessed by hackers. These will limit the smart display market's expansion during the anticipated time frame.
Retail establishments and shopping centers employ smart signage systems to promote brands, increase in-store traffic, and increase sales. A rising number of smart retailers globally are including the aesthetic appeal component. In addition, medical practitioners are employing smart displays to give patients crucial information graphically. This improves health outcomes and aids hospitals in better resource management. In turn, this is anticipated to fuel the smart display market in the upcoming years.
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Key Segments
By Type
Signage
Mirror
Home Display
By Resolution
UHD
FHD
HD
By Display Type
Below 32 Inch
Between 32 and 52 Inch
Above 52 Inch
By End User
Residential
Retail
Automotive
Healthcare
Sports & Entertainment
By Key Players
Samsung
LG Electronics
Panasonic Corporation
Japan Display Inc.
Sharp Corporation
Alpine Electronics
Alphabet (Google LLC)
Magna International Inc.
Leyard Optoelectronic
Sony Corporation
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Taiwan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
SIMILAR REPORT
https://reports.valuates.com/market-reports/QYRE-Auto-34A4059/global-volumetric-display
https://reports.valuates.com/market-reports/QYRE-Othe-4C177/head-up-display
https://reports.valuates.com/market-reports/ALLI-Manu-1Y26/organic-led
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