According to the new market research report on the "Smart Display Market
by Smart Home Display (Voice-Controlled, Appliance), Smart Display
Mirror (Automotive-Rearview & Side-View, Retail, Home), Smart
Signage (Retail & Hospitality, Sports & Entertainment),
Components, and Geography - Global Forecast to 2025", The
global smart display market is expected to grow from USD 861 million in
2018 to USD 6,665 million by 2025, at a CAGR of 34.0%. The market has
been segmented into 3 separate markets—smart home displays, smart
display mirrors, and smart signage.
Browse 34 market data Tables and 60 Figures spread through 135 Pages and in-depth TOC on "Smart Display Market - Global Forecast to 2025"
Smart displays are intelligent solutions that can be
controlled through simple voice commands, remote devices, or with the
help of IoT connectivity and artificial intelligence. Smart displays are
referred to as emerging display applications where manufacturers add
interactive and advanced control features to the display devices. This
offers new growth opportunities for display panel manufacturers,
technology developers, signage solution providers, and OEMs. These
devices are emerging use cases of displays and have the potential to
revolutionize several applications including home, signage, automotive,
and other industries.
Factors such as the success of smart speakers as the
gateway to smart home gadgets, availability of multiple voice
assistants, and implementation of AI in smart home devices and
increasing demand for IoT-enabled smart appliances are driving the
global smart home display market. Factors such as new and innovative
features offered by smart mirrors, transition from traditional stores to
smart stores in the retail industry, and increasing demand for smart
display mirrors in the automotive industry are driving the global smart
display mirror market. Factors such as increasing demand for
context-aware signage and customer data analysis to enable AI-based
smart signage are driving the smart signage market.
Speak To Analsyt:
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=50180485
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=50180485
“Smart home display market to grow at highest CAGR from 2018 to 2025”
The smart home display market is expected to grow at
the highest CAGR during the forecast period (2018—2025). The growth in
this segment is expected to happen rapidly in 2018, 2019, and 2020.
There are 2 major types of smart home display devices that are currently
commercialized—voice-controlled display/assistant smart display and
smart appliance display. Being a consumer device, higher growth in
voice-controlled smart displays is estimated in the next 3 years
considering the trends of smart speakers in the last 3 years. Whereas,
the majority of growth in the smart appliance display system market is
expected to happen from refrigerators during the forecast period.
“Automotive segment to account for largest share in smart display mirror market during forecast period”
The automotive segment in the smart display mirror
market is expected to account for the largest share through 2025, driven
by both aftermarket and OEM-fitted rearview mirrors. The increasing
demand from consumers for driving comfort and safety features in cars
has created an opportunity for automakers to embed the display panel in
the rearview and side-view mirrors. Currently, rearview mirrors are
offered in both aftermarket and OEM-fitted cases. For aftermarket,
companies such as Xiaomi and Junsun offer rearview display mirrors,
while for OEM-fitted case, companies such as Gentex and Magna offer
rearview display mirrors. Rearview display mirrors are OEM-fitted in GM,
Nissan, Toyota, and Jaguar Land Rover; however, a majority of the smart
display mirrors are shipped in the aftermarket segment and a minor
portion is in OEM-fitted segment.
“Retail and hospitality segment to dominate smart signage market during forecast period”
The retail and hospitality segment holds the largest
market share due to increasing installation of smart signage in growing
number of malls and shopping centers and also due to emerging use cases
to improve the guest experience. With the changing strategies in the
retail industry to attract customers, context-aware signage/smart
signage is becoming a powerful tool in retail spaces. Smart signage
makes the experience interactive by showcasing the product and related
information, which can reduce the required manpower.
Amazon.com, Inc (Amazon) (US); Google, LLC (Alphabet,
Google) (US); Facebook, Inc (Facebook) (US); Samsung Electronics Co.,
Ltd. (Samsung, Samsung Display) (South Korea); LG Electronics Co. Ltd,
(LG Electronics, LG Display, LGD) (South Korea); Sony Corporation (Sony)
(Japan); NEC Corporation (NEC Corp., NEC) (Japan); Gentex Corporation
(Gentex) (US); Magna International, Inc (Magna Mirror, Magna) (US); and
Apple Inc. (Apple) (US) are the leading players in the market.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research
on 30,000 high growth niche opportunities/threats which will impact 70%
to 80% of worldwide companies’ revenues. Currently servicing 7500
customers worldwide including 80% of global Fortune 1000 companies as
clients. Almost 75,000 top officers across eight industries worldwide
approach MarketsandMarkets™ for their painpoints around revenues
decisions.
Our 850 fulltime analyst and SMEs at
MarketsandMarkets™ are tracking global high growth markets following the
"Growth Engagement Model – GEM". The GEM aims at proactive
collaboration with the clients to identify new opportunities, identify
most important customers, write "Attack, avoid and defend" strategies,
identify sources of incremental revenues for both the company and its
competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants
(Positioning top players across leaders, emerging companies, innovators,
strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies
this year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research
ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence
and market research platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper understanding of the unmet
insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
No comments:
Post a Comment