Smart Display Market Size, Drivers, Trends, Restraints, Opportunities And Strategies

Overview and Scope:
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.

Sizing and 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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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

North America was the largest region in the smart display market in 2023. 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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Major Driver Impacting 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.

Key Industry Players
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.

The smart display market report table of contents includes:

1. Executive Summary

2. Smart Display Market Characteristics

3. Smart Display Market Trends And Strategies

4. Smart Display Market – Macro Economic Scenario

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31. Global Smart Display Market Competitive Benchmarking

32. Global Smart Display Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Smart Display Market

34. Smart Display Market Future Outlook and Potential Analysis