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Smart Display Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Size, Type, Resolution, and Industry

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    Report

  • 205 Pages
  • May 2022
  • Region: Global
  • The Insight Partners
  • ID: 5623557
UP TO OFF until Mar 15th 2023
The Smart Display market is expected to reach US$ 11,547.23 million by 2028 from US$ 1,443.74 million in 2021; it is estimated to grow at a CAGR of 36.0% from 2022 to 2028.

The overall market has been segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa, and South and Central America. Increasing disposable household income and penetration of Artificial Intelligence (AI) and Internet of Things (IoT) in various industries, such as manufacturing, healthcare, automobile, and hospitality, are driving the smart display market growth. The popularity of online games is increasing among the young population, which is encouraging them to purchase smart displays. Further, the demand for smart displays in luxury cars is rising. All these factors are contributing to the smart display market size.

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. In September 2020, Samsung Electronics partnered with district, a design company based in Seoul. This partnership is expected to provide various opportunities to Samsung SMART signage and help to fulfill the company’s ‘screens everywhere’ vision. In April 2020, Qualcomm Technologies joined with BOE Technology Group to manufacture smart display products and implement the Qualcomm 3D Sonic ultrasonic fingerprint sensor.

The continuous growth in the number of virus-infected patients compelled government authorities to impose stringent lockdowns across the US and other countries for the first three quarters of 2020. The manufacturing sector witnessed severe losses due to temporary factory shutdowns and low production volumes, which hindered the growth of the automotive, electronics & semiconductor, and retail sectors. Moreover, the social or physical distancing measures put limitations on the operations of logistics and other service providers. Due to the COVID-19 pandemic, lower-income buyers seemed to be less optimistic toward non-essential expenditure, and their spending declined by ~9% in 2020 compared to 2019. Furthermore, lower-income buyers 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 regained 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.

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

Advancements such as augmented reality (AR), artificial intelligence (AI), Internet of Things (IoT), and virtual reality (VR) to upgrade customers’ shopping experience and improve operations and inventory management are some of the factors that are providing lucrative opportunities for the growth of smart display market. Augmented reality is especially changing the retail business by allowing brands to communicate directly with customers. A smart display on reception helps customers find solutions as per their requirements without staff intervention. In April 2022, Walmart announced its partnership with Google. This partnership will enable customers to add things to their cart using the Alexa voice command through a phone, speaker, or smart display. Such developments in smart stores will open new opportunities in the smart display market.

The adoption of smart signage enables various content to be displayed and scheduled multiple times in a day or week. The context-aware smart signage provides active and real-time information. Further, it can provide information related to weather; during the rainy season, it can show advertisements for umbrellas, or in summer, it can display advertisements for sunglasses. It can also provide information such as user location and physical items obtained with the help of locating system. This smart signage does not require any centralized server. The increasing number of malls, retail stores, and hotels lead to the growing competition in providing better facilities, thereby increasing the use of context-aware signage.

Alphabet Inc.; Amazon.com, Inc.; LG Electronics; LENOVO GROUP LIMITED; Magna International Inc; Panasonic Corporation; Sony Corporation; BenQ Corporation; NEXCOM International Co., Ltd.; and Samsung Electronics Co., Ltd. are among the key smart display market players operating in the global smart display market.


Frequently Asked Questions about the Global Smart Display Market

What is the estimated value of the Global Smart Display Market?

The Global Smart Display Market was estimated to be valued at $1827.82 million in 2022.

What is the growth rate of the Global Smart Display Market?

The growth rate of the Global Smart Display Market is 36.0%, with an estimated value of $11547.23 million by 2028.

What is the forecasted size of the Global Smart Display Market?

The Global Smart Display Market is estimated to be worth $11547.23 million by 2028.

Who are the key companies in the Global Smart Display Market?

Key companies in the Global Smart Display Market include Alphabet Inc., Amazon.com, Inc., LG Electronics, LENOVO GROUP LIMITED, Magna International Inc, Panasonic Corporation, Sony Corporation, BenQ Corporation and Samsung Electronics Co., Ltd..

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Smart Display Market - By Size
1.3.2 Smart Display Market - By Type
1.3.3 Smart Display Market - By Resolution
1.3.4 Smart Display Market - By Industry
1.3.5 Smart Display Market- By Region
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Smart Display Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Smart Display Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Technological Advancements
5.1.2 Presence of Popular Brands
5.2 Market Restraints
5.2.1 High Cost and Threat of Substitutes
5.2.2 Threat of Cyber security
5.3 Market Opportunities
5.3.1 Increasing Smart Stores
5.4 Future Trends
5.4.1 Context-Aware Smart Signage
5.5 Impact Analysis of Drivers and Restraints
6. Smart Display Market - Global Analysis
6.1 Global Smart Display Market Overview
6.2 Smart Display Market - Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning - Five Key Players
7. Smart Display Market Analysis - by Size
7.1 Overview
7.2 Smart Display Market, by Size (2021 and 2028)
7.3 Up to 12 Inches
7.3.1 Overview
7.3.2 Up to 12 Inches: Smart Display Market - Revenue, and Forecast to 2028 (US$ Million)
7.4 Above 12 Inches- Up to 32 Inches
7.4.1 Overview
7.4.2 Above 12 Inches- Up to 32 Inches: Smart Display Market - Revenue, and Forecast to 2028 (US$ Million)
7.5 Above 32 Inches- Up to 52 Inches
7.5.1 Overview
7.5.2 Above 32 Inches- Up to 52 Inches: Smart Display Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Above 52 Inches
7.6.1 Overview
7.6.2 Above 52 Inches: Smart Display Market - Revenue and Forecast to 2028 (US$ Million)
8. Smart Display Market Analysis - by Type
8.1 Overview
8.2 Smart Display Market, by Type (2021 and 2028)
8.3 Signage
8.3.1 Overview
8.3.2 Signage: Smart Display Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Display
8.4.1 Overview
8.4.2 Display: Smart Display Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Mirror
8.5.1 Overview
8.5.2 Mirror: Smart Display Market - Revenue and Forecast to 2028 (US$ Million)
9. Smart Display Market Analysis - by Resolution
9.1 Overview
9.2 Smart Display Market, by Resolution (2021 and 2028)
9.3 Full High Definition
9.3.1 Overview
9.3.2 Full High Definition: Smart Display Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Ultra High Definition
9.4.1 Overview
9.4.2 Ultra High Definition: Smart Display Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Smart Display Market - Revenue and Forecast to 2028 (US$ Million)
10. Smart Display Market Analysis - by Industry
10.1 Overview
10.2 Smart Display Market Breakdown, by Industry, 2021 and 2028
10.3 Consumer and Home Appliances
10.3.1 Overview
10.3.2 Consumer and Home Appliances Market Revenue and Forecast to 2028 (US$ Million)
10.5 Automotive
10.5.1 Overview
10.5.2 Automotive Market Revenue and Forecast to 2028 (US$ Million)
10.6 Healthcare
10.6.1 Overview
10.6.2 Healthcare Market Revenue and Forecast to 2028 (US$ Million)
10.7 Retail
10.7.1 Overview
10.7.2 Retail Market Revenue and Forecast to 2028 (US$ Million)
10.8 Others
10.8.1 Overview
10.8.2 Others Market Revenue and Forecast to 2028 (US$ Million)
11. Smart Display Market - Geographic Analysis
11.1 Overview
11.2 North America: Smart Display Market
11.2.1 Overview
11.2.2 North America Smart Display Market, Revenue and Forecast to 2028 (US$ million)
11.2.3 North America Smart Display Market Breakdown, By Size
11.2.4 North America Smart Display Market Breakdown, By Type
11.2.5 North America Smart Display Market Breakdown, By Resolution
11.2.6 North America Smart Display Market Breakdown, By Industry
11.2.7 North America Smart Display Market Breakdown, by Country
11.2.7.1 US Smart Display Market, Revenue and Forecast to 2028
11.2.7.1.1 US Smart Display Market Breakdown, by Size
11.2.7.1.2 US Smart Display Market Breakdown, by Type
11.2.7.1.3 US Smart Display Market Breakdown, by Resolution
11.2.7.1.4 US Smart Display Market Breakdown, by Industry
11.2.7.2 Canada Smart Display Market, Revenue and Forecast to 2028
11.2.7.2.1 Canada Smart Display Market Breakdown, by Size
11.2.7.2.2 Canada Smart Display Market Breakdown, by Type
11.2.7.2.3 Canada Smart Display Market Breakdown, by Resolution
11.2.7.2.4 Canada Smart Display Market Breakdown, by Industry
11.2.7.3 Mexico Smart Display Market, Revenue and Forecast to 2028
11.2.7.3.1 Mexico Smart Display Market Breakdown, by Size
11.2.7.3.2 Mexico Smart Display Market Breakdown, by Type
11.2.7.3.3 Mexico Smart Display Market Breakdown, by Resolution
11.2.7.3.4 Mexico Smart Display Market Breakdown, by Industry
11.3 Europe: Smart Display Market
11.3.1 Overview
11.3.2 Europe Smart Display Market Revenue and Forecast to 2028 (US$ million)
11.3.3 Europe Smart Display Market Breakdown, By Size
11.3.4 Europe Smart Display Market Breakdown, By Type
11.3.5 Europe Smart Display Market Breakdown, By Resolution
11.3.6 Europe Smart Display Market Breakdown, By Industry
11.3.7 Europe Smart Display Market Breakdown, by Country
11.3.7.1 Germany Smart Display Market, Revenue and Forecast to 2028
11.3.7.1.1 Germany Smart Display Market Breakdown, by Size
11.3.7.1.2 Germany Smart Display Market Breakdown, by Type
11.3.7.1.3 Germany Smart Display Market Breakdown, by Resolution
11.3.7.1.4 Germany Smart Display Market Breakdown, by Industry
11.3.7.2 France Smart Display Market, Revenue and Forecast to 2028
11.3.7.2.1 France Smart Display Market Breakdown, by Size
11.3.7.2.2 France Smart Display Market Breakdown, by Type
11.3.7.2.3 France Smart Display Market Breakdown, by Resolution
11.3.7.2.4 France Smart Display Market Breakdown, by Industry
11.3.7.3 Italy Smart Display Market, Revenue and Forecast to 2028
11.3.7.3.1 Italy Smart Display Market Breakdown, by Size
11.3.7.3.2 Italy Smart Display Market Breakdown, by Type
11.3.7.3.3 Italy Smart Display Market Breakdown, by Resolution
11.3.7.3.4 Italy Smart Display Market Breakdown, by Industry
11.3.7.4 UK Smart Display Market, Revenue and Forecast to 2028
11.3.7.4.1 UK Smart Display Market Breakdown, by Size
11.3.7.4.2 UK Smart Display Market Breakdown, by Type
11.3.7.4.3 UK Smart Display Market Breakdown, by Resolution
11.3.7.4.4 UK Smart Display Market Breakdown, by Industry
11.3.7.5 Russia Smart Display Market, Revenue and Forecast to 2028
11.3.7.5.1 Russia Smart Display Market Breakdown, by Size
11.3.7.5.2 Russia Smart Display Market Breakdown, by Type
11.3.7.5.3 Russia Smart Display Market Breakdown, by Resolution
11.3.7.5.4 Russia Smart Display Market Breakdown, by Industry
11.3.7.6 Rest of Europe Smart Display Market, Revenue and Forecast to 2028
11.3.7.6.1 Rest of Europe Smart Display Market Breakdown, by Size
11.3.7.6.2 Rest of Europe Smart Display Market Breakdown, by Type
11.3.7.6.3 Rest of Europe Smart Display Market Breakdown, by Resolution
11.3.7.6.4 Rest of Europe Smart Display Market Breakdown, by Industry
11.4 APAC: Smart Display Market
11.4.1 Overview
11.4.2 APAC Smart Display Market, Revenue and Forecast to 2028 (US$ million)
11.4.3 APAC Smart Display Market Breakdown, By Size
11.4.4 APAC Smart Display Market Breakdown, By Type
11.4.5 APAC Smart Display Market Breakdown, By Resolution
11.4.6 APAC Smart Display Market Breakdown, By Industry
11.4.7 APAC Smart Display Market Breakdown, by Country
11.4.7.1 China Smart Display Market, Revenue and Forecast to 2028 (US$ million)
11.4.7.1.1 China Smart Display Market Breakdown, by Size
11.4.7.1.2 China Smart Display Market Breakdown, by Type
11.4.7.1.3 China Smart Display Market Breakdown, by Resolution
11.4.7.1.4 China Smart Display Market Breakdown, by Industry
11.4.7.2 India Smart Display Market, Revenue and Forecast to 2028 (US$ million)
11.4.7.2.1 India Smart Display Market Breakdown, by Size
11.4.7.2.2 India Smart Display Market Breakdown, by Type
11.4.7.2.3 India Smart Display Market Breakdown, by Resolution
11.4.7.2.4 India Smart Display Market Breakdown, by Industry
11.4.7.3 Japan Smart Display Market, Revenue and Forecast to 2028 (US$ million)
11.4.7.3.1 Japan Smart Display Market Breakdown, by Size
11.4.7.3.2 Japan Smart Display Market Breakdown, by Type
11.4.7.3.3 Japan Smart Display Market Breakdown, by Resolution
11.4.7.3.4 Japan Smart Display Market Breakdown, by Industry
11.4.7.4 South Korea Smart Display Market, Revenue and Forecast to 2028 (US$ million)
11.4.7.4.1 South Korea Smart Display Market Breakdown, by Size
11.4.7.4.2 South Korea Smart Display Market Breakdown, by Type
11.4.7.4.3 South Korea Smart Display Market Breakdown, by Resolution
11.4.7.4.4 South Korea Smart Display Market Breakdown, by Industry
11.4.7.5 Australia Smart Display Market, Revenue and Forecast to 2028 (US$ million)
11.4.7.5.1 Australia Smart Display Market Breakdown, by Size
11.4.7.5.2 Australia Smart Display Market Breakdown, by Type
11.4.7.5.3 Australia Smart Display Market Breakdown, by Resolution
11.4.7.5.4 Australia Smart Display Market Breakdown, by Industry
11.4.7.6 Rest of APAC Smart Display Market, Revenue and Forecast to 2028 (US$ million)
11.4.7.6.1 Rest of APAC Smart Display Market Breakdown, by Size
11.4.7.6.2 Rest of APAC Smart Display Market Breakdown, by Type
11.4.7.6.3 Rest of APAC Smart Display Market Breakdown, by Resolution
11.4.7.6.4 Rest of APAC Smart Display Market Breakdown, by Industry
11.5 MEA: Smart Display Market
11.5.1 Overview
11.5.2 MEA Smart Display Market, Revenue and Forecast to 2028 (US$ million)
11.5.3 MEA Smart Display Market Breakdown, By Size
11.5.4 MEA Smart Display Market Breakdown, By Type
11.5.5 MEA Smart Display Market Breakdown, By Resolution
11.5.6 MEA Smart Display Market Breakdown, By Industry
11.5.7 MEA Smart Display Market Breakdown, By Country
11.5.7.1 Saudi Arabia Smart Display Market, Revenue and Forecast to 2028 (US$ million)
11.5.7.1.1 Saudi Arabia Smart Display Market Breakdown, by Size
11.5.7.1.2 Saudi Arabia Smart Display Market Breakdown, by Type
11.5.7.1.3 Saudi Arabia Smart Display Market Breakdown, by Resolution
11.5.7.1.4 Saudi Arabia Smart Display Market Breakdown, by Industry
11.5.7.2 UAE Smart Display Market, Revenue and Forecast to 2028 (US$ million)
11.5.7.2.1 UAE Smart Display Market Breakdown, by Size
11.5.7.2.2 UAE Smart Display Market Breakdown, by Type
11.5.7.2.3 UAE Smart Display Market Breakdown, by Resolution
11.5.7.2.4 UAE Smart Display Market Breakdown, by Industry
11.5.7.3 South Africa Smart Display Market, Revenue and Forecast to 2028 (US$ million)
11.5.7.3.1 South Africa Smart Display Market Breakdown, by Size
11.5.7.3.2 South Africa Smart Display Market Breakdown, by Type
11.5.7.3.3 South Africa Smart Display Market Breakdown, by Resolution
11.5.7.3.4 South Africa Smart Display Market Breakdown, by Industry
11.5.7.4 Rest of MEA Smart Display Market, Revenue and Forecast to 2028 (US$ million)
11.5.7.4.1 Rest of MEA Smart Display Market Breakdown, by Size
11.5.7.4.2 Rest of MEA Smart Display Market Breakdown, by Type
11.5.7.4.3 Rest of MEA Smart Display Market Breakdown, by Resolution
11.5.7.4.4 Rest of MEA Smart Display Market Breakdown, by Industry
11.6 SAM: Smart Display Market
11.6.1 Overview
11.6.2 SAM Smart Display Market, Revenue and Forecast to 2028 (US$ million)
11.6.3 SAM Smart Display Market Breakdown, By Size
11.6.4 SAM Smart Display Market Breakdown, By Type
11.6.5 SAM Smart Display Market Breakdown, By Resolution
11.6.6 SAM Smart Display Market Breakdown, By Industry
11.6.7 SAM Smart Display Market Breakdown, by Country
11.6.7.1 Brazil Smart Display Market, Revenue and Forecast to 2028
11.6.7.1.1 Brazil Smart Display Market Breakdown, by Size
11.6.7.1.2 Brazil Smart Display Market Breakdown, by Type
11.6.7.1.3 Brazil Smart Display Market Breakdown, by Resolution
11.6.7.1.4 Brazil Smart Display Market Breakdown, by Industry
11.6.7.2 Argentina Smart Display Market, Revenue and Forecast to 2028
11.6.7.2.1 Argentina Smart Display Market Breakdown, by Size
11.6.7.2.2 Argentina Smart Display Market Breakdown, by Type
11.6.7.2.3 Argentina Smart Display Market Breakdown, by Resolution
11.6.7.2.4 Argentina Smart Display Market Breakdown, by Industry
11.6.7.3 Rest of SAM Smart Display Market, Revenue and Forecast to 2028
11.6.7.3.1 Rest of SAM Smart Display Market Breakdown, by Size
11.6.7.3.2 Rest of SAM Smart Display Market Breakdown, by Type
11.6.7.3.3 Rest of SAM Smart Display Market Breakdown, by Resolution
11.6.7.3.4 Rest of SAM Smart Display Market Breakdown, by Industry
12. Impact of COVID-19 Pandemic on Global Smart Display Market
12.1 Overview
12.2 North America: Impact Assessment of COVID-19 Pandemic
12.3 Europe: Impact Assessment of COVID-19 Pandemic
12.4 APAC: Impact Assessment of COVID-19 Pandemic
12.5 MEA: Impact Assessment of COVID-19 Pandemic
12.6 SAM Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
14. Company Profiles
14.1 Alphabet Inc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Amazon.com, Inc.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 LG Electronics
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 LENOVO GROUP LIMITED
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Magna International Inc
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Panasonic Corporation
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Sony Corporation
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 BenQ Corporation
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 NEXCOM International Co., Ltd.
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Samsung Electronics Co., Ltd.
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About the Publisher
15.2 Word Index
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Companies Mentioned

A selection of companies mentioned in this report includes:

  • Alphabet Inc.
  • Amazon.com, Inc.
  • LG Electronics
  • LENOVO GROUP LIMITED
  • Magna International Inc
  • Panasonic Corporation
  • Sony Corporation
  • BenQ Corporation
  • NEXCOM International Co., Ltd.
  • Samsung Electronics Co., Ltd.