According to the recent study the smart display market is projected to reach an estimated $16.5 billion by 2028 from $5.5 billion in 2023, at a CAGR of 24.4% from 2023 to 2028. Growth in this market is primarily driven by increasing demand for AI-powered and Internet of Things (IoT)-enabled smart home appliances, widening usage of smart mirrors in vehicles, and growing demand for digital advertisement in healthcare, retail, and commercial sectors.
A more than 150 – page report is developed to understand trends, opportunities and forecast in smart display market by product type (signage, mirror, and home display), resolution (UHD, FHD, and HD), end use industry (residential, retail, automotive, healthcare, sports & entertainment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
“Signage market is expected to remain the largest segment during the forecast period.”
Based on product type, the smart display market is segmented into signage, mirror, and home display. Lucintel forecasts that the signage market is expected to remain the largest segment due to its ability connect with IoT-enabled products and display consumer-specific advertisements, thus providing a personalized in-store shopping experience to its customers.
“Within the smart display market, the retail segment is expected to remain the largest end use industry”
Based on end use industry the retail segment is expected to witness the highest growth over the forecast period due to the increasing use of smart screen displays in retail settings to improve customers' purchasing processes.
“Asia pacific will dominate the smart display market in near future”
APAC will remain the largest region due to the enormous demand for various consumer electronic gadgets and supportive investment for product innovation by major firms in the region.
Major players of smart display market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Samsung, LG Electronics, Alphabet (Google LLC), Panasonic Corporation, Japan Display, and Sony are among the major smart display providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]