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Smart Display Market (Product Type - Smart Home Display, Smart Mirror Display, and Smart Signage; End User - Residential, Sports, Automotive, Entertainment, Retail, and Others; Display Technology - LED, LCD, and TFT): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : March, 2021

  • Rep Id : ICT00245

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

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.

 

Market Insight

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.


Smart display market

 

Segment Covered

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.

 

Companies Profiled:

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.

 

Report Highlights:

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.


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