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Global Smart Display Market Overview 2033 : Forecasted Market Size And Growth Rate | Visteon Corporation, Samsung Electronics Co. Ltd., LG Display Co. Ltd., Continental Automotive GmbH
Smart Display Global Market Report 2024
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.
Market Overview -
A smart display refers to any voice assistant smart television or speaker with a screen intended for usage in residential or commercial settings. These devices have touchscreens that may be used for entertainment, educational videos, video chats, and others. It is a screens that go beyond simple controls.
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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.
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.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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