What Transformation Has the Smart Display Market Undergone?
The smart display market has seen considerable growth due to a variety of factors.
• Recent years have seen a remarkable increase in the size of the smart display market. It's expected to surge from $6.18 billion in 2024 to $7.94 billion in 2025, with a compound annual growth rate (CAGR) of 28.5%. Factors contributing to growth during the historic period include the emergence of smart homes, changes in entertainment consumption, the expansion of healthcare applications, advancements in gaming consoles and interfaces, and energy efficiency.
What are the Market Size and Expected Growth Rates for the Smart Display Market By 2029?
The Smart Display market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the smart display market size to expand significantly in the coming years. Projections anticipate a growth to $22.67 billion in 2029, with a compound annual growth rate (CAGR) of 30.0%.
This expansion during the forecast period may be due to the introduction of flexible and foldable displays, heightened emphasis on privacy and security, a focus on environmental sustainability, and advances in haptic feedback and automotive infotainment. Key trends projected during this period include the incorporation of augmented and virtual reality, integration of blockchain, collaboration with artificial intelligence and machine learning, enhancement of wearable technology connectivity, and progress in touchscreen technology.
Which Key Drivers Are Propelling The Smart Display Market's Growth?
The surge in internet users is predicted to fuel the expansion of the smart displays market in the future. These internet users who connect to the Internet through various devices including computers, mobiles, personal digital assistants, gaming consoles, or digital televisions, benefit from smart displays, which merge the convenience of smart speakers such as Google Home or Amazon Echo, with the ability to watch videos on a touchscreen. For example, the International Telecommunication Union (ITU), a United Nations agency based in Switzerland, reported in 2022 that global Internet penetration was approximately 5.3 billion individuals, or 66% of the global population in 2022, showing a 6.1% increase from 2021. Therefore, the rising number of internet users is contributing to the growth of the smart displays market.
What Are The Key Segments Within The Global Smart Display Market?
The smart display market covered in this report is segmented –
1) By Type: Smart Display Mirror, Smart Home Display, Smart Signage
2) By Resolution: Ultra High Definition(UHD), Full High Definition(FHD), High Definition(HD)
3) By Display Size: Below 32 Inch, Between 32 And 52 Inch, Above 52 Inch
4) By End User: Residential, Retail, Automotive, Healthcare, Sports And Entertainment
Subsegments:
1) By Smart Display Mirror: Interactive Mirrors, Fitness Mirrors, Vanity Mirrors
2) By Smart Home Display: Smart Speakers With Screens, Control Panels For Home Automation, Video Doorbells With Displays
3) By Smart Signage: Digital Menu Boards, Interactive Kiosks, Advertising Displays
Pre-Book The Smart Display Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are New Trends Impacting The Size Of The Smart Display Market?
The rise in technological improvements is a noteworthy trend being observed in the smart display market. Prominent companies in this sector are creating innovative products that leverage advanced technology, in an effort to solidify their standing in the market. For instance, Sharp Canada, an electronic products manufacturer based in Japan, unveiled a smart display titled Aquos Board in June 2022. This product comes in three sizes: 85.6 inches, 74.5 inches, and 64.5 inches. Notable features of these technologically advanced boards include precision touch and zero bonding technology from Sharp, a Pen-on-Paper user experience that is intuitive, true 4K reading and writing capabilities, and a variety of smart interactive displays.
Who Are the Key Players In The Smart Display Market?
Major companies operating in the smart display market include:
• Samsung Electronics Co. Ltd.
• LG Display Co. Ltd.
• Continental Automotive GmbH
• Panasonic Corporation
• Leyard Optoelectronic Co. Ltd.
• Sony Corporation
• Sharp Corporation
• Robert Bosch GmbH
• BOE Technology Group Co. Ltd.
• Alpine Electronics Inc.
• Lenovo Group Limited
• Xiaomi Corporation
• NEC Corporation
• ViewSonic Corporation
• Apple Inc.
• Microsoft Corporation
• Google LLC
• TCL Corporation
• Hisense Group Co. Ltd.
• Skyworth Digital Holdings Limited
• Koninklijke Philips N.V.
• Vizio Inc.
• BenQ Corporation
• Elo Touch Solutions Inc.
• Planar Systems Inc.
• Mitsubishi Electric Corporation.
What Are The Regional Insights Into The Smart Display Market?
North America was the largest region in the smart display market in 2024. The regions covered in the smart display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
