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Innovative Technological Advancements Propelling Growth In The Smart Display Market Industry Trends Gaining Momentum in the Global Smart Display Market
Smart Display
Smart Display Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
There has been a substantial expansion in the smart display market in the past few years. The market is forecasted to escalate from $6.18 billion in 2024 to $7.94 billion in 2025, indicating a compound annual growth rate (CAGR) of 28.5%. The surge during the historical period can be traced back to the advent of smart homes, the transformation of entertainment consumption, the uptick in healthcare applications, gaming consoles, and interfaces, along with the prioritization of energy efficiency.
Smart Display Market Size Forecast: What's the Projected Valuation by 2029?
The market size of the smart display is projected to experience substantial growth over the upcoming years, reaching $22.67 billion in 2029, with a compound annual growth rate (CAGR) of 30.0%. Factors contributing to growth during this period include advancements in flexible and foldable displays, an emphasis on privacy and security, a focus on environmental sustainability, progress in haptic feedback and automotive infotainment. Upcoming trends during the forecast period will be the incorporation of augmented and virtual reality features, blockchain technology, integration of artificial intelligence and machine learning, connections with wearable technology, and improvements in touchscreen technology.
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What Are the Drivers Transforming the Smart Display Market?
The anticipated rise in internet users is believed to catalyze the expansion of the smart displays market in the future. Internet users, defined as people who use the internet from any location through various devices like computers, mobile devices, personal digital assistants, gaming consoles, or digital televisions, benefit from smart displays. These devices merge the usefulness of smart speakers, such as Google Home or Amazon Echo, with a touchscreen, providing a platform for video viewing. For instance, a 2022 report by the International Telecommunication Union (ITU), a United Nations agency based in Switzerland, revealed that global internet use had surged to an estimated 5.3 billion people. This represented 66% of the global populace in 2022, marking a 6.1% increase from 2021. Hence, the uplift in internet users is fueling the progression of the smart display market.
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What Long-Term Trends Will Define the Future of the Smart Display Market?
The unfolding trend of technological innovation is increasingly becoming significant in the smart display market. To fortify their market presence, major businesses in the smart display arena are creating cutting-edge products infused with sophisticated technology. For example, Sharp Canada, a company based in Japan known for manufacturing electronic items, introduced a smart display called Aquos Board in June 2022. This smart display comes in three sizes namely, 85.6 inches, 74.5 inches, and 64.5 inches. The standout features of these technologically advanced boards include Sharp's precision touch and zero bonding technology, along with an intuitive Pen-on-Paper user interface, true 4K reading and writing capabilities, and a range of intelligent interactive displays.
Which Segments in the Smart Display Market Offer the Most Profit Potential?
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
Subsegments:
1) By Smart Display Mirror: Interactive Mirrors, Fitness Mirrors, Vanity Mirrors
2) By Smart Home Display: Smart Speakers With Screens, Control Panels For Home Automation, Video Doorbells With Displays
3) By Smart Signage: Digital Menu Boards, Interactive Kiosks, Advertising Displays
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Which Firms Dominate the Smart Display Market by Market Share and Revenue in 2025?
Major companies operating in the smart display market are 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., BenQ Corporation, Elo Touch Solutions Inc., Planar Systems Inc., Mitsubishi Electric Corporation.
Which Regions Offer the Highest Growth Potential in the Smart Display Market?
North America was the largest region in the smart display market in 2024. The regions covered in the smart display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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