Global Smart Display Market to Reach USD 33.4 Billion by 2033, Impelled by Rising Preference for Smart Homes

December 19, 2024 | Electronics and Semiconductors

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According to the latest report by IMARC Group, titled "Smart Display Market Report by Type (Signage, Mirror, Home Display), Display Size (Below 32 Inch, Between 32 and 52 Inch, Above 52 Inch), Resolution (UHD, FHD, HD), End User (Residential, Retail, Automotive, Healthcare, Sports and Entertainment), and Region 2025-2033," the global smart display market reached a value of USD 8.2 Billion in 2024. A smart display refers to a digital device that is integrated with an advanced technological solution that enables interactive controlling features. It is a wireless voice-activated device that works on Bluetooth and wireless fidelity (Wi-Fi) and is augmented with display screens to enhance its usability. It is mainly utilized for watching informational and entertainment videos, chatting, streaming music, checking the weather and traffic, and connecting with the home security systems for real-time updates. The demand for smart displays is rising due to the easy product availability via online and offline organized channels and the shifting lifestyle preferences of the masses.

Global Smart Display Market Trends:

The global market is primarily driven by the increasing preference for smart and connected home appliances. This has encouraged several leading players to heavily invest in display technology. Besides this, the rising deployment of smart displays in automobiles to offer driver assistance functions, enhanced convenience and comfort is creating a positive market outlook. In line with this, continual technological advancements and the integration of artificial intelligence (AI) and the internet of things (IoT) with smart displays are providing lucrative growth opportunities for key players. Moreover, the widespread adoption of smart displays across cinema halls and shopping malls to provide assistance for wayfinding and booking is positively influencing the market growth. The market is further driven by the growing initiatives for the development and expansion of smart cities. Other factors, including the inflating disposable income levels of the masses, the penetration of high-speed internet connectivity, and extensive research and development (R&D) activities conducted by key players, are also favoring the product demand on the global level. On account of the aforementioned factors, the market is anticipated to reach a value of USD 33.4 Billion by 2033, exhibiting a CAGR of 16.8% during 2025-2033.

Market Summary:

On the basis of the type, the market has been segmented into signage, mirror and home display.
Based on the display size, the market has been segregated into below 32 inch, between 32 and 52 inch, and above 52 inch.
On the basis of the resolution, the market has been classified into UHD, FHD AND HD.
Based on the end-user, the market has been categorized into residential, retail, automotive, healthcare, and sports and entertainment.
On the basis of the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include BOE Technology Group Co. Ltd., Google LLC (Alphabet Inc.), Hitachi Ltd., Intel Corporation, Lenovo Group Limited, LG Electronics Inc., Qualcomm Incorporated, Samsung Electronics Co.Ltd., Sharp Corporation, Sony Group Corporation, ViewSonic Corporation and Winstar Display Co. Ltd.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Type, Display Size, Resolution, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	BOE Technology Group Co. Ltd., Google LLC (Alphabet Inc.), Hitachi Ltd., Intel Corporation, Lenovo Group Limited, LG Electronics Inc., Qualcomm Incorporated, Samsung Electronics Co.Ltd., Sharp Corporation, Sony Group Corporation, ViewSonic Corporation and Winstar Display Co. Ltd
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Smart Display Market to Reach USD 33.4 Billion by 2033, Impelled by Rising Preference for Smart Homes

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