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.
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Mr. Shelly Singh
MarketsandMarkets™ INC.
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Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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 potential to
revolutionize several applications including home, signage, automotive,
and other industries.
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.
“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.
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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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