Global Smart Displays Market to Reach $10.4 Billion by 2027
Amid the COVID-19 crisis, the global market for Smart Displays estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$10.4 Billion by 2027, growing at a CAGR of 38.4% over the analysis period 2020-2027. Smart Signage, one of the segments analyzed in the report, is projected to record a 36.4% CAGR and reach US$4.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Smart Home Displays segment is readjusted to a revised 41.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $321.9 Million, While China is Forecast to Grow at 37.3% CAGR
The Smart Displays market in the U.S. is estimated at US$321.9 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2027 trailing a CAGR of 37.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 34.4% and 33.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 27.3% CAGR.
Smart Display Mirrors Segment to Record 37.5% CAGR
In the global Smart Display Mirrors segment, USA, Canada, Japan, China and Europe will drive the 37.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$97.3 Million in the year 2020 will reach a projected size of US$901.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.3 Billion by the year 2027.
Select Competitors (Total 35 Featured):
Amid the COVID-19 crisis, the global market for Smart Displays estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$10.4 Billion by 2027, growing at a CAGR of 38.4% over the analysis period 2020-2027. Smart Signage, one of the segments analyzed in the report, is projected to record a 36.4% CAGR and reach US$4.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Smart Home Displays segment is readjusted to a revised 41.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $321.9 Million, While China is Forecast to Grow at 37.3% CAGR
The Smart Displays market in the U.S. is estimated at US$321.9 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2027 trailing a CAGR of 37.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 34.4% and 33.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 27.3% CAGR.
Smart Display Mirrors Segment to Record 37.5% CAGR
In the global Smart Display Mirrors segment, USA, Canada, Japan, China and Europe will drive the 37.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$97.3 Million in the year 2020 will reach a projected size of US$901.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.3 Billion by the year 2027.
Select Competitors (Total 35 Featured):
- ACER
- Changhong
- Epson
- Hisense
- Konka
- LG Electronics
- NEC
- Panasonic
- Philips
- Samsung
- Sharp
- Skyworth
- Sony
- TCL
Frequently Asked Questions about the Global Market for Smart Displays
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| Report Attribute | Details |
|---|---|
| Published | April 2021 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD ) in 2020 | $ 1.1 Billion |
| Forecasted Market Value ( USD ) by 2027 | $ 10.4 Billion |
| Compound Annual Growth Rate | 37.8% |
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
A selection of companies mentioned in this report includes:
- ACER
- Changhong
- Epson
- Hisense
- Konka
- LG Electronics
- NEC
- Panasonic
- Philips
- Samsung
- Sharp
- Skyworth
- Sony
- TCL
