Smart Display Market Review, Future Growth, Global Survey, In-depth Analysis, Share, Key Findings and Company Profiles
(firmenpresse) - Market Highlights
The global smart display market is expected to grow from USD 143.25 billion in 2017 to USD 340.85 billion by 2023, at a compound annual growth rate (CAGR) of 15.61% during the forecast period.
Smart display is a battery powered touchscreen device that has ability to share, connect, and interact with its user and other connected devices. It is a monitor, connected wirelessly for web-surfing and other activities that require little or no keyboard activity. The smart display has application in automotive, residential, commercial, education, healthcare industries among others.
Various smart display devices have trickled down into the market in the last few years. Major technology giants have entered the smart display space such as Amazon, Facebook, and Google and are spending a fortune on R&D activities to bring out innovative products to the market. Fierce competition has been witnessed among these companies who are vying for gaining the upper hand over the market.
Smart displays are mainly being used in smart home spaces. Their simple interface allows for easy interaction with users. The hospitality, retail, and automotive industries are among the early adopters of the technology and are harnessing it for business advantage. New use cases of smart displays are emerging at an accelerated pace which would augment the growth of the market over the forecast period.
Smart displays are generally not highly functional, but they have perfectly found application in the automotive industry. Regulations which mandate the use of in-vehicle GPS as highly favored the growth of the smart displays market. Smart display mirrors are gaining popularity, and automotive OEMs have started offering smart displays as advanced automotive features which has generated demand within the smart display market.
On the other hand, the growth of the smart display market might be threatened by smart TVs. Smart TVs might displace some smart display use cases. Moreover, there is very little content that is available for smart displays. Meanwhile, the expanding consumer base of smart displays is providing incentives to content developers and content providers to curate more smart display content which can provide opportunities to the market over the forecast period.
Segmentation:
The smart display market size has been segmented based on touch panel type, display technology, and end user.
On the basis of touch panel type, the smart display market has been segmented into capacitive and resistive.
On the basis of display technology, the smart display market has been segmented into LCD, OLED, TFT-LCD, and others.
On the basis of end user, the smart display market has been segmented into commercial, automotive, residential, education, healthcare, and others.
Regional Analysis:
The global market for smart display is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of smart display market is done across North America, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific is expected to be the fastest growing region for smart display market. In countries like China and India, the demand for smart display is growing exponentially in the automotive and residential sector. Additionally, this region consists of key display panel manufacturers such as LG Display (South Korea), Japan Display Inc. (Japan), and Kyocera Corporation (Japan) among others. Furthermore, improved standard of living in countries like India is encouraging various manufacturers to come up with advanced and unique devices. North America being technologically advanced region is dominating the smart display market. Additionally, increasing Internet penetration is fueling the growth of smart display market in this region.
Competitive Landscape
Sony Corporation (Japan), Lenovo (Hong Kong), Innolux Corp. (Taiwan), LG Display Co., Ltd. (South Korea), Harman International Industries, Incorporated (US), ViewSonic (US), Google Inc. (US), Sharp Corp. (Japan), Panasonic Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), and BOE Technology Group Co. (China) are the notable players in the smart display market.
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Datum: 13.04.2020 - 11:55 Uhr
Sprache: Deutsch
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