Pune, India, Jan. 17, 2023 (GLOBE NEWSWIRE) -- The global smart display market size was valued at USD 5.12 billion in 2021. The market is expected to grow from USD 5.78 billion in 2022 to USD 22.02 billion by 2029, exhibiting a CAGR of 21.0% during the forecast period. Increasing demand for smart mirrors and touchless operations in the automotive sector is expected to foster market progress. Fortune Business Insights™ shares this information in its report titled “Smart Display Market Forecast, 2023-2029.”
Key Industry Development
Xiaomi, Inc. announced its novel product, smart home display 6. The smart device includes a 2-megapixel camera and microphone to capture instructions quickly.
Request a Sample Copy of the Research Report:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/smart-display-market-105181
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2022 to 2029 |
| Forecast Period 2022 to 2029 CAGR | 21.0% |
| 2029 Value Projection | USD 22.02 Billion |
| Base Year | 2021 |
| Smart Display Market Size in 2021 | USD 5.12 Billion |
| Historical Data for | 2018 to 2020 |
| No. of Pages | 160 |
| Segments covered | Technology, Type, End-user and Geography |
| Smart Display Market Growth Drivers | Rising Smart Screens and Display Adoption from the Healthcare Sector to Propel Market Progress |
Key Takeaways:
- Global demand for smart display in the healthcare sector drives the market.
- Technology Analysis, LED Display is Dominating due to High Demand for Power-efficient Screens
- Smart screens are helping medical professionals to maintain good communication with patients, time management, and medical hygiene’s as the screens are touchless.
- Smart Display Market Size in Asia Pacific was USD 2.72 Billion in 2021.
- Smart signage segment emerges as the highest-growing and is expected to grow with the highest CAGR during the forecast period in 2023-2029
Browse Complete Report Details:
https://www.fortunebusinessinsights.com/smart-display-market-105181
Drivers and Restraints
- Rising Smart Screens and Display Adoption from the Healthcare Sector to Propel Market Progress
- A smart display is an integrated touchscreen version and connects with high-end home automation systems.
- Increasing smart screens and display adoption from the healthcare sector is estimated to foster market progress.
- Furthermore, the advantage of smart displays in treating patients is likely to surge the product demand. Moreover, rising healthcare investments may elevate the product adoption.
- Rapid technological innovations in medical technology may enhance sales. These factors are likely to boost the smart display market growth.
- However, high prices of the product may hamper market progress.
Segments
LED Segment to Lead Backed by Robust Demand for Power-efficient Screens
By technology, the market is segmented into LED and LCD. The LED segment is expected to lead due to the rising demand for power-efficient screens.
Smart Home Display Segment to Lead Backed by Rising Adoption in Connected Devices
As per type, the market is classified into smart display mirror, smart home display, and smart signage. The smart home display segment is expected to lead due to its rising adoption in connected devices.
Retail Segment to Lead Owing to Rising Adoption of Smart Screens
As per end-user, the market is categorized into smart city, automotive, retail, sports & entertainment, healthcare, and others. The retail segment is expected to dominate due to rising demand for smart screens.
Regionally, the market is grouped into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Have Any Query? Ask Our Experts:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/smart-display-market-105181
Regional Insights
Increasing Adoption of Smart Screens to Propel Market Progress in Asia Pacific
Asia Pacific is expected to dominate the smart display market share due to the rising adoption of smart screens. The market in Asia Pacific stood at USD 2.72 billion in 2021 and is expected to gain a huge portion of the global market share in the coming years. Further, incorporating smart screens in smart vehicles will likely boost the industry’s growth.
In North America, the rising adoption of novel technologies in the industrial and residential sectors is likely to boost the adoption of smart screens. Further, the presence of numerous smart facilities in the region is likely to foster market progress.
Competitive Landscape
Major Players Launch Novel Products to Enhance their Brand Image
Prominent companies operating in the market devise novel product launches to enhance their brand image. For example, Lenovo Group Inc. announced its novel Lenovo smart display infused with a smart clock in India in August 2019. The product is powered by Google assistant and simplifies operations in a smart home. This launch may enable the company to reinforce its product offerings and enhance its brand image. Furthermore, major players deploy mergers, research and development, partnerships, acquisitions, and expansions to boost their market position.
List of Key Players Profiled in the Report
- Amazon.com, Inc. (U.S.)
- BenQ Corporation (Taiwan)
- Japan Display Inc. (Japan)
- LENOVO GROUP LIMITED (Hong Kong)
- NEC Corporation (Japan)
- LG Electronics (South Korea)
- Alpine Electronics, Inc. (Japan)
- Sony Corporation (Japan)
- Panasonic Corporation (Japan)
- Samsung Electronics Co., Ltd. (South Korea)
Access Full Report– Smart Display Market
https://www.fortunebusinessinsights.com/checkout-page/105181
Major Table of Contents:
- Global Smart Display Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
-
- Key Findings
- By Technology (USD Bn)
- LED
- LCD
- By Type (USD Bn)
- Smart Display Mirror
- Smart Home Display
- Smart Signage
- By End-User (USD Bn)
- Smart City
- Automotive
- Retail
- Sports & Entertainment
- Healthcare
- Others
- By Region (USD Bn)
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- South America
-
- North America Smart Display Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
-
- Key Findings
- By Technology (USD Bn)
- LED
- LCD
- By Type (USD Bn)
- Smart Display Mirror
- Smart Home Display
- Smart Signage
- By End-User (USD Bn)
- Smart City
- Automotive
- Retail
- Sports & Entertainment
- Healthcare
- Others
- By Country (USD Bn)
- U.S.
- Canada
- Mexico
-
Related Reports:
Touch Screen Display Market Size, Share, Demand and Analysis 2023-2029
Rugged Display Market Size, Share, Growth in 2029
Automotive Smart Display Market Size, Trends and Forecast 2029
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
