Smart Display Market to be worth USD 22831.8 million by 2030
The Market Statsville Group (MSG) publishes the new report on the "Smart Display Market by Type (Signage, Smart Mirror, and Home Display), by Display Size (Below 32 Inch, Between 32 and 52 Inch, and Above 52 Inch), by Resolution (UHD, FHD, and HD), by End-Users (Retail, Residential, Healthcare, Automotive, and Sport & entertainment), by Region – Global Share and Forecast to 2030".
The globalsmart display market size is expected to grow from USD 4,776.1 million in 2021 to USD 22831.8 million by 2030, at a CAGR of 21.6% during the forecast period. Smart mirror applications worldwide have become an important part of the automotive sector, owing to the demand for higher safety, comfort, and convenience. Smart display in the automotive sector is designed for applications including Bluetooth and wi-fi, temperature, navigation, turn signal, back camera, and more. Thus, a surge in demand for smart display mirrors in the automotive industry is expected to fuel the growth of the smart display market. Further, the emergence of electronically connected cars is rapidly adopting smart display technology due to the availability of supporting equipment. Therefore, expected to fuel the market growth in the coming years.
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Global Smart Display Market Segmentation
The smart display market has been segmented into type, display size, resolution, end-users, and region.
- By Type (Signage, Smart Mirror, and Home Display)
- By Display Size (Below 32 Inch, Between 32 and 52 Inch, and Above 52 Inch)
- By Resolution (UHD, FHD, and HD)
- By End-Users (Retail, Residential, Healthcare, Automotive, and Sport & entertainment)
- By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)
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Below 32 inches, by display size, is estimated to hold the largest market share during the forecast period
By display size, the global smart display market is segregated into below 32-inch, between 32 and 52 inch, and above 52 inch. The below 32-inch segment generated the highest revenue of 37.1% of the global smart display market in 2021, and it is expected to register a significant CAGR from 2022 to 2030. The smart display size of below 32 inch is used in the automotive and residential sector for Internet of Things (IoT) smart display technology. These displays are partially used in retail facilities to monitor and make the shopping experience easy for consumers. Further, below 32-inch screen display includes sizes such as 4 inch, 7 inch, 9 inch, 10 inch, 12 inch, 14 inch, 24 inch, and more.
Display size below 32 inches has witnessed a surge in demand across residential, retail, and automotive sectors due to the rise in demand for home display applications. Further, the smart display is finding applications in various products such as home displays and smart mirrors. The increase in artificial intelligence and Internet of Things-based applications in the residential sector is the key trend that drives the demand for the 32 and displays size market. For instance, innovation in smart home display applications such as Google Assistant and Amazon Echo significantly contribute to the growth of the smart display market.
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Europe accounts for the largest market share in the smart display market 2021
Based on the regions, the global smart display market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, Europe accounted for the highest market share of 32.2% in the global smart display market and was anticipated to maintain its dominance throughout the forecast period. The smart display market is driven by a surge in demand for high-end customer engagement and communication systems. In addition, various growth factors make smart display evolution in Europe. For instance, government institution of the European countries has rapidly installed digital display-based application for smart infrastructure across Europe. Moreover, a rapid increase in the next-generation high-end car is promoting the use of smart display applications in Europe, which drives the growth of the market in this region.
The rise in digital signage technology across the retail, healthcare, residential, and automotive sectors in the UK has propelled the growth of the smart display market. For instance, DV signage gear, a leading developer of smart signage applications, has collaborated with Prysm Systems to develop a 6K LPD-based advanced display technological solution for IT firms and management consultancies.
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This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the smart display market. It also consists of leading companies such as Samsung, Panasonic Corporation, LG Electronics, Alphabet (Google LLC), Japan Display Inc., Alpine Electronics, Sharp Corporation, Sony, Manga International Inc, and Leyard Optoelectronic. These market players have focused on acquisitions and expansion to gain a larger market share in the smart display market.
About Market Statsville Group
Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.
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