Smart Display Market Business Opportunities and Competitive Landscape | Impact of COVID-19

Market Highlights

Market Research Future (MRFR), in its latest smart display market 2020 report, reveals different factors that can boost the market rise. MRFR recorded the smart display market value at USD 143.25 billion in 2017. By 2023, the smart display market value can touch USD 340.85 Bn. The smart display market can rise at 15.61% CAGR across during the evaluation period (2017 to 2023). The rise in requirement for connected vehicles is one of the chief factors that can enhance the smart display market expansion. The high demand for improved convenience, comfort, and safety in the automobile industry can impel the expansion of the global smart display market in the years to come. On the downside, the lack of cost-effectiveness of advanced smart displays and rise in cybersecurity threats can limit the expansion pace of the smart display market. However, the increased need for technically advanced consumer electronics can prompt the rise of the smart display global market in the upcoming years.

The demand for smart display has increased significantly across the world owing to increasing demand for OLED-based devices and technological shift & development of energy-efficient, attractive, high-specification display products. Furthermore, emerging applications for flexible displays and high growth of the wearable market is expected to enhance the growth of the market in the coming years. North America is expected to dominate the market followed by Europe. Moreover, the demand for digitized display in the retail industry is increasing at a considerable pace in this region. Asia-Pacific region is expected to show exponential growth in the upcoming years, as countries like China, South Korea, and India are projected to exhibit significant growth, majorly due to the increasing applications across retail stores, offices, banks, hospitals, and in the hospitality industry.

Segmentation:

The smart display market growth segment study is based on display technology, display size, and end-user. Segmental insights of the smart display market can spot numerous growth prospects of the world across the globe.

The product based segments of the smart display market are smartphone, smart TV, digital signage, monitor, head up display, smart wearables, and interactive kiosk among others. The rise in application of smart wearables can cause the expansion of the world smart display market growth.

The display technology based segments of the smart display market are TFT-LCD, LCD, OLED, and others. High adoption rate of OLED can prompt the rise of the smart display market growth.

The touch panel type based segment of smart display market are capacitive and resistive. The growing utility of capacitive touch panel type smart display can improve the expansion of the smart display market.

The end-user based segments of the smart display market are residential, automotive, education, healthcare, commercial, and others. The increased deployment of smart display across automotive, healthcare, and education sectors can boost the rise of the world smart display market.

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.

Key players

MRFR profiled some well-established smart display market players. They are; Samsung Electronics Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Sharp Corp. (Japan), Innolux Corp. (Taiwan), BOE Technology Group Co. (China), Google Inc. (US), Panasonic Corporation (Japan), Lenovo (Hong Kong), ViewSonic (US), Harman International Industries, Incorporated (US), and Sony Corporation (Japan) among others. The report elaborates on multiple forces that can boost the expansion of the market.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/smart-display-market-6725