Major players in the smart display market are Visteon Corporation, Samsung Electronics Corp. Ltd., LG Display Co. Ltd., Continental Automotive, Panasonic Corporation, Leyard Optoelectronic, Sony Corporation, Sharp Corp, Bosch, BOE Technology, Alpine Electronics, Lenovo, Xiaomi Corporation, NEC Corporation, and ViewSonic.
The global smart display market is expected to grow from $3.75 billion in 2022 to $4.84 billion in 2023 at a compound annual growth rate (CAGR) of 29%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The smart display market is expected to grow to $13.40 billion in 2027 at a CAGR of 29%.
The smart display market consists of sales of all-in-ones (AIOs) displays, LED video wall displays, large-format interactive flat panel displays (IFPDs), smart boards, and projectors.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
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.
North America was the largest region in the smart display market in 2022. The regions covered in the smart display report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of smart displays are smart display mirrors, smart home displays, and smart signage.A smart display mirror refers to a two-way mirror with an electronic display behind the glass to show the viewer different kinds of information in the form of widgets, such as weather, time, date, and news updates.
The main resolution is UHD, FHD, and HD, that has display sizes of below 32 inches, between 32 and 52 inches, and above 52 inches. The various end users are residential, retail, automotive, healthcare, and sports and entertainment.
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, an increase of 17% since 2019. Therefore, an increase in the number of internet users is driving the growth of smart displays.
Technological advancement is a key trend gaining popularity in the smart display market.Major companies operating in the smart display market are developing innovative products with advanced technologies to strengthen their position in the smart display market.
For instance, in June 2022, Sharp Canada, a Japan-based manufacturer of electronic products, launched a smart display Aquos Board. It is available in 3 different sizes 85.6 inches, 74.5 inches, and 64.5 inches. The unique features of the new technology boards are sharp’s precision touch and zero bonding technology combined with an intuitive Pen-on-Paper user experience, true 4K reading and writing, and a selection of smart interactive displays.
In September 2022, AUO Display Plus, a Taiwan-based company operating in industrial and commercial display acquired Rise Vision for an undisclosed amount.Through this acquisition, AUO Display Plus aims to expand its SaaS offering in digital signage solutions that will broaden its reach in the education sector.
Rise Vision is a Canada-based cloud-based digital signage software company including smart display.
The countries covered in the smart display market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The Smart displays market research report is one of a series of new reports that provides Smart displays market statistics, including Smart displays industry global market size, regional shares, competitors with a Smart displays market share, detailed Smart displays market segments, market trends and opportunities, and any further data you may need to thrive in the Smart displays industry. This Smart displays market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.