Smart Display Market to Surpass US$ 11,547.23 Million by 2028

 According to our latest market study on "Smart Display Market Forecast to 2028 –Global Analysis – by Coverage Size, Size, Resolution, and Industry," the market is expected to grow from US$ 1,443.74 million in 2021 to reach US$ 11,547.23 million by 2028; it is anticipated to grow at a CAGR of 36% from 2022 to 2028.

On account of smart display’s benefits, it is witnessing growing demand from numerous end-use industries, such as hospitality, retail, healthcare, and automotive. With the increasing use of technologies, the use of smart devices is increasing, which is directly proportional to the growth of the smart display market. With technological advancement, smart display manufacturers add extra elements to tap new applications, such as signage, infotainment, and home and industrial automation. This is encouraging technology pioneers to provide Artificial Intelligence (AI) based smart display solutions. Big hospitality and retail chains are also adopting smart displays to decrease operational costs and reduce staff size. The rising success of smart speakers contributes to the innovation of smart displays. For instance, in April 2021, Google Nest Hub partnered with Guest Supply and Volara. Furthermore, Google Nest Hub provides its contactless guest information and services with Volara’s voice assistant to Guest Supply hotels in the US. The rising adoption of advanced technology by various industries and increasing competition in the market are driving the growth of the smart display market.

Get Sample Report:

https://www.theinsightpartners.com/sample/TIPTE100000623/

A smart display is a digital display that can be operated using voice remote devices or Internet of Things (IoT) connected devices. For example, a smart mirror is an innovative device that records the personal information of users and the experience of shoppers in the automobile and retail sectors. Furthermore, as a cutting-edge technical solution, the smart display includes interactive and complex control functions.

High demand for smart mirrors from the automotive industry, new and innovative features offered by smart mirrors, an increasing number of internet users and growing adoption of smart devices according to consumer preferences, surging demand for AI-powered and IoT-enabled smart home appliances, increasing trend of context-aware signage, and growing adoption of smart signage in the retail sector are the key driving factors driving the smart display market growth.

Speak to Analyst:                                                        

https://www.theinsightpartners.com/speak-to-analyst/TIPTE100000623/

Due to the COVID-19 pandemic, low-income buyers seemed to be less optimistic toward non-essential expenditure, and their spending declined by ~9% in 2020 compared to 2019. This negatively impacted the sales of various consumer electronics products, such as smartwatches, wearable fitness trackers, and smart displays in the US. However, during the Q3 of 2020, the industries started to open, which resumed the supply chain operations. Therefore, the effects of the COVID-19 pandemic weakened North America's smart display market; however, the market experienced a positive impact as the demand for smart displays started growing in the US as the end-user industries started their operations from Q3 of 2020. The COVID-19 pandemic in 2020 had a significant influence on the greater US economy and the technology industry. With investments in health care, public safety, and other public facilities, the technology sector is predicted to do well, and the residential segment is expected to recover more quickly. Because smart displays are widely utilized in smart homes, the factors listed above will aid the smart display market's recovery from the COVID-19 pandemic.

APAC is the largest region in the smart display market in 2021 and is anticipated to be the fastest-growing region during the forecast period. APAC comprises several developing economies such as China, India, Singapore, Vietnam, and other Southeast countries and developed economies, including Japan and Australia. Growing manufacturing industries such as electronics and semiconductor in China, Japan, Taiwan, India, and South Korea is forecasted to create lucrative opportunities for the adoption of smart displays.

The smart display market analysis is segmented into coverage size, size, resolution, and industry. Based on coverage size, the market is further segmented into up to 12 inches, above 12 inches - up to 32 inches, above 32 inches - up to 52 inches, and above 52 inches. On the basis of size, the smart display market is segmented into signage, display, and mirror. Based on resolution, the market is segmented into full high definition, ultra high definition, and others. On the basis of industry, the market is segmented into consumer & home appliances, automotive, healthcare, retail, and others.

Purchase Report:

https://www.theinsightpartners.com/buy/TIPTE100000623/

About Us:

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com

Phone: +1-646-491-9876

Comments

Post a Comment

Popular posts from this blog

Wavelength Division Multiplexer Market Research Covers, Future Trends and Opportunities, Past, Present Data, and Deep Analysis by The Insight Partners

  The Insight Partners delivers well-researched industry-wide information on the Wavelength Division Multiplexer Market. It provides information on the market’s essential aspects such as top participants, factors driving Wavelength Division Multiplexer market growth, precise estimation of the Wavelength Division Multiplexer market size, upcoming trends, changes in consumer behavioral pattern, market’s competitive landscape, key marke     t vendors, and other market features to gain an in-depth analysis of the market. Get Sample Report of Wavelength Division Multiplexer Market Report @  https://www.theinsightpartners.com/sample/TIPRE00027025/ Additionally, the report is a compilation of both qualitative and quantitative assessments by industry experts, as well as industry participants across the value chain. The report also focuses on the latest developments that can enhance the performance of various market segments. The research report provides de...
Read more

Head Mounted Display Market to Expand Significant Growth by 2028

  Implementation of HMD in Gaming Application to Create Lucrative Opportunities for Head Mounted Display Market Growth during 2021–2028 According to our latest market study on " Head Mounted Display Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Application, Component, Technology, Design, and Connection," the market is expected to grow from US$ 7,840.66 million in 2021 to US$ 55,333.07 million by 2028; it is estimated to grow at a CAGR of 32.2% from 2021 to 2028. Users playing PC games use head-mounted displays because they provide a higher enjoyment level than conventional setup. Also, the implementation of HMDs is increasing in gaming application due to the availability of low-cost HMD devices and demand for enhanced gaming experience. Further, the rising launches of VR games have been witnessed over the years and is driving the growth of the head-mounted display market. Moreover, the increasing growth of the gaming industry and the rising d...
Read more

Explosion-Proof Equipment Market Trends, Growth and Forecast Analysis to 2028

  The explosion-proof equipment market is expected to grow from US$ 8,037.29 million in 2021 to US$ 12,272.30 million by 2028; it is estimated to grow at a CAGR of 6.2% during 2021–2028.   With the increase in incidents/accidents in various industries (such as mining and oil & gas), the focus on industrial safety measures has also expanded worldwide. According to the article published by The Hindu Magazine, in August 2020, the state government of Andhra Pradesh (India) is contemplating on bringing in a new industrial safety policy to prevent accidents, which of late, have been taking place at regular intervals. A special drive was conducted in industries to inspect the safety measures. The new industrial safety policy should be implemented, and the existing safety regulations need to be under its purview. Similarly, according to the article published by Business Standard, in September 2021, the Department for Promotion of Industry and the Internal Trade of In...
Read more