Global Smart Display Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

Global c: Overview

The Smart Display Market was valued at $21.40 million in 2021 & is projected to reach $54.52 million by 2027. It is expected to grow at a 12.4% CAGR between 2021 and 2027.

A smart display is a type of electronic display which can be connected to other smart devices and has features such as touch sensitivity, internet access, note writing, voice assistance, etc. The increasing adoption of smart home appliances among end-users is a key factor driving the growth of the global smart display market.

Smart displays can be used to make audio and video calls, live streaming data, and access the internet, USB, externally attach hard drive data, and various other applications are also factors supporting the growth of the global market.

Increasing usage of voice assistance systems to improve efficiency and enhance consumer personalization, as well as the use of personal assistance systems for the healthcare sector, are factors fueling the growth of the target market.

Furthermore, the growing adoption of artificial intelligence in smart devices and increasing internet of things applications are factors expected to boost the growth of the global smart display market in the near future.

However, delay in response time in the case of voice-command-based smart displays and compatibility issues are factors that may hamper the growth of the global smart display market.

In addition, growing concern regarding data security is another factor that could affect the growth of the target market. Nevertheless, the growing adoption of smart homes can create high revenue opportunities for players in the target market.

Global Smart Display Market: Segment Analysis

Among the end-user segments, the automotive segment dominates the global market in terms of revenue and is expected to maintain its dominance over the forecast period.

Increasing the use of smart display mirrors for rearview and side mirror applications for improving the safety and comfort of drivers is a factor supporting the growth of this segment in the target market.

In addition, increasing demand for luxury cars and vehicles with advanced technology are factors anticipated to boost the growth of this segment.

The retail segment is expected to register lucrative growth in terms of revenue over the forecast period.

Increasing installation of smart displays in shopping malls for offering product information and smart signage platform to consumers and improving their shopping experience are factors increasing demand for smart displays for retail applications.

Global Smart Display Market: Regional Analysis

Market in North America accounts for a significant share in terms of revenue and is expected to maintain its position over the forecast period, followed by Europe.

The presence of prominent players and the high adoption of advanced technology among end-users are factors driving the growth of the target market in the North American region.

In addition, increasing demand for consumer electronics that are convenient and comfortable is another factor expected to fuel the growth of the smart display market in this region in the near future.

The market in the Asia Pacific is expected to register the fastest growth in terms of revenue over the forecast period. The presence of key display manufacturers in Japan and South Korea is a factor propelling the growth of the target market in this region.

Additionally, the increasing adoption of smart displays in the automotive sector, coupled with the growing automotive industry in countries in the Asia Pacific are also factors fueling the growth of the smart display market.

Global Smart Display Market Segmentation:

Segmentation by Touch Panel Type:

• Resistive
• Capacitive

Segmentation by Technology:

• OLED
• TFT-LCD
• Others

Segmentation by Product Type:

• Smart Wearables
• Smart Televisions
• Smartphone
• Others

Segmentation by End User:

• Residential
• Automotive
• Sports & Entertainment
• Retail
• Hospitality
• Others (Corporate and Banking Sector)

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa