The latest report by IMARC Group, titled “Smart Display Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the smart display market report. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global smart display market size reached USD 7.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 31.7 Billion by 2032, exhibiting a growth rate (CAGR) of 17.5% during 2024-2032.
Smart Display Market Trends:
The global market is majorly driven by the increasing integration of artificial intelligence and machine learning technologies in smart displays which is enhancing their capabilities, making them more appealing to consumers. The growing demand for smart home devices and the expansion of the Internet of Things (IoT) ecosystem is further propelling market growth. Moreover, continual advancements in display technologies, such as OLED and quantum dot, are significantly improving the visual quality of smart displays.
The rise in disposable incomes and the increasing adoption of smart technologies in emerging economies are contributing to market expansion. Furthermore, the proliferation of voice assistants, such as Amazon Alexa and Google Assistant, is impelling the adoption of smart displays. Additionally, the growing trend of remote working and learning has increased the demand for interactive and multifunctional display solutions. Besides, strategic partnerships and collaborations among technology companies are fostering innovation and driving market growth.
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Smart Display Market Scope and Growth Analysis:
The scope of the market is broadening due to the increasing use of smart displays in automotive applications, enhancing in-car entertainment and navigation systems. The healthcare sector is also witnessing a growing adoption of smart displays for telemedicine and patient monitoring, further expanding the market. Moreover, the retail industry is leveraging smart displays for interactive advertising and enhancing customer engagement. The hospitality sector is integrating smart displays to improve guest experiences and streamline operations.
Additionally, the education sector is adopting smart displays for interactive learning and virtual classrooms, contributing to market growth. Furthermore, government initiatives promoting smart city projects are driving the adoption of smart displays for public information systems. The continuous advancements in display technologies and the development of customized solutions for specific industries are also widening the market scope. Besides, the increasing focus on energy-efficient and eco-friendly display solutions is expected to create new opportunities in the market.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 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
Smart Display Market Segmentation:
Our report has categorized the market based on region, type, display size, resolution and end user.
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 (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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