Smart Display Market Global Analysis and Forecast 2021, 2028

Smart Display Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Size (Up to 12 Inches, Above 12 Inches - Up to 32 Inches, Above 32 Inches - Up to 52 Inches, and Above 52 Inches), Type (Signage, Display, and Mirror), Resolution (Full High Definition, Ultra High Definition, and Others), and Industry (Consumer & Home Appliances, Automotive, Healthcare, Retail, and Others)

Publication Month: May 2022 | Report Code: TIPTE100000623 | No. of Pages: No. of Pages205 | Category: Electronics and Semiconductor | Status: Published

The smart display market was valued at US$ 1,443.74 million in 2021 and is expected to reach US$ 11,547.23 million by 2028; it is estimated to register a CAGR of 36.0% from 2022 to 2028.

A smart display is a digital display that can be operated using voice remote devices or Internet of Things (IoT) connected devices. For example, a smart mirror is an innovative device that records the personal information of users and the experience of shoppers in the automobile and retail sectors. Furthermore, as a cutting-edge technical solution, the smart display includes interactive and complex control functions.

High demand for smart mirrors  from the automotive industry, new and innovative features offered by smart mirrors, an increasing number of internet users and growing adoption of smart devices according to consumer preferences, surging demand for AI-powered and IoT-enabled smart home appliances, increasing trend of context-aware signage, and growing adoption of smart signage in the retail sector are the key driving factors driving the smart display market growth.

The growing retail industry is supported by increasing consumer purchasing power. Also, rapidly expanding shopping malls and retail spaces worldwide propel the demand for smart signage solutions to attract passers-by and encourage them to enter the store. As a result, the smart stores are interested in using programmatic advertising to raise brand recognition. Smart signage can also be used as a part of the payment process. Customers can pay using a mobile device instead of standing in a queue for checkout. Several retailers, such as Walmart, Alibaba, Amazon, and Carrefour, have set up smart stores worldwide. They use various smart retail solutions and technologies, such as smart signage, at the smart stores. Retailers worldwide have implemented expansion and partnership strategies to open smarter and cashier-less stores. All these factors are boosting the smart display market size.


Strategic Insights

Report CoverageDetails
Market Size Value inUS$ 1,443.74 million in 2021
Market Size Value byUS$ 11,547.23 million by 2028
Growth rateCAGR of 36.0% from 2022 to 2028.
Forecast Period2022-2028
Base Year2022
No. of Pages205
No. of Tables115
No. of Charts & Figures94
Historical data availableYes
Segments coveredSize, Type, Resolution, and Industry
Regional scopeNorth America; Europe; Asia Pacific; Latin America; MEA
Country scopeUS, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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Lucrative Regions for Smart Display Market

Lucrative Regions for Smart Display Market

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Smart Display Market Insights

Presence of Popular Brands

Once the customers get used to a particular brand’s product, they purchase other products from the same brand. Some well-known brands, such as Google; Amazon, Inc.; Bosch; Panasonic; BenQ Corporation; LG Electronics; Lenovo Group, Ltd.; Samsung Corporation; and Sony Corporation, offer various smart display solutions for automobiles, healthcare, residential, and retail industries. These brands effortlessly attract their loyal customers and are a major driving factor for the growth of the smart display market. Brands sometimes promote their products before the launch to create hype among customers. For instance, In March 2022, Xiaomi’s smart display 10 was listed on multiple websites, and the product was launched in April 2022. In January 2022, Google launched its 2nd generation Google Nest Hub smart display in India at US$ 103.24. In June 2021, Amazon launched 2 new smart display products in the Indian market; the Echo show 10 and 5. Thus, the rising popularity of the brands is driving the growth of the smart display market.

Size-Based Market Insights

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. Screen sizes vary from manufacturer to manufacturer. While some manufacturers offer higher functionality even in smaller screen sizes, others prefer to vary functionality depending on screen size. The market is primarily driven by growing demand for medium-sized smart signage displays across various verticals globally.

Resolution-Based Market Insights

Based on resolution, the smart display market is segmented into Full High Definition (FHD), Ultra High Definition (UHD), and others. Smart displays with HD resolution are mostly used for residential applications. However, most other applications, such as advertising signage or smart kiosks, increasingly use displays with UHD and FHD resolutions. The market is primarily driven by the growing demand for smart signage displays having better resolution so that the users can enjoy an immersive experience.

The smart display market players adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key market players are listed below:

  • The NoviSign Android Digital Signage App is currently available for all Sony BRAVIA Professional Android-based displays, according to NoviSign, an industry leader and pioneer in Android Digital Signage. The professional BRAVIA line from Sony supports 4K and HDR, has a system-on-a-chip platform, and comes in sizes ranging from 32 inch to 100 inch.
  • BenQ, a leader in interactive display technologies,  joined Google's Integrated Solutions Initiative for Education. BenQ's commitment to providing education solutions that enable schools to construct more resilient active learning environments suited for in-person and distance learning is maintained by joining this effort.

The global smart display market is segmented based on size, type, resolution, and industry. Based on size, the 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. In terms of type, the market is segmented into signage, display, and mirror. Based on resolution, the market is segmented into full high definition, ultra high definition, and others. Further, based on industry, the smart display market is segmented into consumer & home appliances, automotive, retail, healthcare, and others.  

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 the key smart display market players considered for the research study. In addition, several other significant market players have been studied and analyzed in this research report to get a holistic view of the global smart display market and its ecosystem.

Frequently Asked Questions

The global market size for smart display market in 2021 is estimated to be $ 1443.74 million.
The driving factors that influence the global smart display market are technological advancements and presence of popular brands.
The top five key players operating in the global smart display market include Amazon, Baidu, Google, Alibaba, and Apple in 2021.
Based on type, the smart display market is segmented into display, mirror, and signage. The display segment mostly consists of smart display devices, such as Amazon’s Echo Show and Google’s Nest Max, and automotive smart displays. The growing penetration of IoT and the increasing adoption of smart home products drive market growth.
The countries that registered a high growth rate during the forecast period are United States, Germany, UK, China, India, and South Korea
The adoption of smart signage enables a variety of content to be displayed and scheduled multiple times in a day or week. The context-aware smart signage provides active and real-time information. For instance, 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.
The List of Companies - Smart Display Market
  1. Alphabet Inc.
  2. Amazon.com, Inc.
  3. LG Electronics
  4. LENOVO GROUP LIMITED
  5. Magna International Inc
  6. Panasonic Corporation
  7. Sony Corporation
  8. BenQ Corporation
  9. NEXCOM International Co., Ltd.
  10. Samsung Electronics Co., Ltd.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global smart display market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global smart display market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
TIPTE100000623
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