Press release
Global Smart Display Market Comprehensive Study: Forecasted Market Size And Growth Rate | Visteon Corporation, Samsung Electronics Co. Ltd., LG Display Co. Ltd., Continental Automotive GmbH
Smart Display Market Trends
The Business Research Company offers in-depth market insights through Smart Display Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The smart display market size has grown exponentially in recent years. It will grow from $4.84 billion in 2023 to $6.26 billion in 2024 at a compound annual growth rate (CAGR) of 29.3%. The growth in the historic period can be attributed to rise of smart homes, evolving entertainment consumption, increased healthcare applications, gaming consoles and interfaces, energy efficiency..
The smart display market size is expected to see exponential growth in the next few years. It will grow to $17.75 billion in 2028 at a compound annual growth rate (CAGR) of 29.7%. The growth in the forecast period can be attributed to flexible and foldable displays, focus on privacy and security, environmental sustainability, advancements in haptic feedback, automotive infotainment.. Major trends in the forecast period include augmented and virtual reality integration, blockchain integration, integration with ai and machine learning, wearable technology connectivity, advancements in touchscreen technology..
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Market Segmentation:
The smart display market covered in this report is segmented -
1) By Type: Smart Display Mirror, Smart Home Display, Smart Signage
2) By Resolution: Ultra High Definition(UHD), Full High Definition(FHD), High Definition(HD)
3) By Display Size: Below 32 Inch, Between 32 and 52 Inch, Above 52 Inch
4) By End User: Residential, Retail, Automotive, Healthcare, Sports And Entertainment
Major Driver - Rising Internet User Numbers Fueling Surge In Smart Display Market Growth
An increase in the number of internet users is expected to propel the growth of the smart displays market going forward. Internet users are people who access the Internet from anywhere through a computer, mobile device, personal digital assistant, game console, or digital television. Smart displays help internet users by combining the functionality of smart speakers like the Google Home or the Amazon Echo with a touchscreen for watching videos. For instance, in November 2022, according to International Telecommunication Union, a Switzerland-based specialized agency of the United Nations, approximately 4.9 billion people or 63% of the world's population are using the internet in 2021. Therefore, an increase in the number of internet users is driving the growth of smart displays.
Competitive Landscape:
Major companies operating in the smart display market report are Visteon Corporation, Samsung Electronics Co. Ltd., LG Display Co. Ltd., Continental Automotive GmbH, Panasonic Corporation, Leyard Optoelectronic Co. Ltd., Sony Corporation, Sharp Corporation, Robert Bosch GmbH, BOE Technology Group Co. Ltd., Alpine Electronics Inc., Lenovo Group Limited, Xiaomi Corporation, NEC Corporation, ViewSonic Corporation, Apple Inc., Microsoft Corporation, Google LLC, TCL Corporation, Hisense Group Co. Ltd., Skyworth Digital Holdings Limited, Koninklijke Philips N.V., Vizio Inc., Hitachi Ltd., InFocus Corporation, BenQ Corporation, Elo Touch Solutions Inc., Planar Systems Inc., Avnet Inc., Mitsubishi Electric Corporation.
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Top Trend - Innovative Technological Advancements Propelling Growth In The Smart Display Market
Technological advancement is a key trend gaining popularity in the smart display market. Major companies operating in the smart display market are developing innovative products with advanced technologies to strengthen their position in the smart display market. For instance, in June 2022, Sharp Canada, a Japan-based manufacturer of electronic products, launched a smart display Aquos Board. It is available in 3 different sizes 85.6 inches, 74.5 inches, and 64.5 inches. The unique features of the new technology boards are sharp's precision touch and zero bonding technology combined with an intuitive Pen-on-Paper user experience, true 4K reading and writing, and a selection of smart interactive displays.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Smart Display Market Characteristics
3. Smart Display Market Trends And Strategies
4. Smart Display Market - Macro Economic Scenario
5. Smart Display Market Size And Growth
…..
27. Smart Display Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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