A recent report published by
Infinium Global Research on the smart display market provides in-depth analysis of
segments and sub-segments in the global as well as regional smart display
market. The study also highlights the impact of drivers, restraints, and macro indicators
on the global and regional smart display market over the short term as well as
long term. The report is a comprehensive presentation of trends, forecast and
dollar values of global smart display market. According to the report, the
global smart display market is projected to grow at a CAGR of 31.2%% over the
forecast period of 2020-2026.
Smart Display is a crossover with
smart speaker and a tablet brought together. It combines the voice command
control of the smart speaker and the touch feature of a tablet. Through voice
command one can manage the other smart home appliances of the house with
information displayed on the screen acting as the one stop control. A person
can stream videos for entertainment, learning, and other purposes. One can view
weather forecasts, make quick notes. They can be used for various purposes by
retail, residential, automotive, sports, entertainment and others. The
flexibility provided by the smart display to the end user to manage multiple
tasks simultaneously without putting in much effort is unparalleled. The smart
display offers convenient operability to the user.
The Covid-19 pandemic has forced
most of the people to work from home. Thus people working from home found
managing their smart homes and other activities easier through smart display
products. The smart display systems offered a portable mode of entertainment to
the people to distract themselves from the stress created by the Covid-19
pandemic. The shopping habits of the people have changed during the Covid-19
pandemic. This has led to retailers and shopping stores to adopt smart display
products to facilitate their customers and for easy handling of operations. The
growing adoption of the smart technologies such as smart home appliances, connected
devices, Artificial intelligence and internet of things by the people is mainly
driving the market. The increasing adoption is complemented by the rising
internet penetration among the consumers which is culminating in the people
demanding more smart display products. The demand from smart displays in the
automotive industry is also significant. As the smart display systems acts as
an important driving aid to the driver. The growth in the number of smart
cities around the world is also fuelling the growth of the market. The smart
display systems and industries are proving useful in the management of the
public amenities and services offered by the authorities. The threat regarding
data and cybersecurity are limiting the growth of the market and are a major
restraint. The introduction of new innovative products provides huge
opportunity for the smart display market. The costs of smart display system and
devices are continuously declining due to advancement in technologies of
production and optimal use of raw materials. This will be incremental in
increasing the demand of the products.
North America constituted the
largest region in revenue generation geographically. After North America
Asia-Pacific region generated the highest revenue which was followed by Europe.
Asia-pacific region will experience significant growth as the people in this
region are adopting smart display systems and devices and other technologies at
a rapid pace. The Asia pacific region is home to some of the biggest smart
display products producers such as LG Electronics Inc. and Samsung electronics,
Panasonic Corporation, Hitachi limited, Lenovo Group Limited.
The report on global smart display
market covers segments such as product type, end user, and display technology.
On the basis of product type, the sub-markets include smart home display, smart
mirror display, and smart signage. On the basis of end user, the sub-markets
include residential, sports, automotive, entertainment, retail, and others. On
the basis of display technology, the sub-markets include LED, LCD, and TFT.
The report provides profiles of
the companies in the market such as Amazon.com,Inc, Alphabet.Inc, Facebook,Inc,
Samsung Electronics, Apple Inc., LG Electronics Inc, Lenovo Group Limited,
Panasonic Corporation, Hitachi Ltd., and Nexcom International Co. Ltd.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the smart display market. Moreover, the study highlights current market
trends and provides forecast from 2020-2026. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.