Smart Display Industry Statistics

In this post, we will explore a comprehensive overview of the global smart display industry, backed by key statistics and market insights. From the projected market size to regional dominance, emerging trends, and major players, this analysis sheds light on the dynamic landscape shaping the future of smart displays worldwide.

Statistic 1

"By 2028, the global smart display market is expected to reach $14.1 billion."

Statistic 2

"The smart display market's growth rate is projected to be at a CAGR of 8.1% between 2020 to 2027."

Statistic 3

"North America dominates the global smart display market with the highest market share due to the early adoption of this technology."

Statistic 4

"The residential segment accounted for the largest share of the smart display market in 2020."

Statistic 5

"Asia-Pacific is expected to grow at the highest CAGR in the smart display market between 2020 to 2027."

Statistic 6

"As of 2019, the largest share of the global smart display market was the LCD display technology segment."

Statistic 7

"Google and Amazon represented 94% of the total smart display units sold in 2019."

Statistic 8

"The home application is anticipated to generate the maximum revenue for smart display market by 2028."

Statistic 9

"The retail sector is projected to witness the fastest growth in the smart display market during the forecast period 2020-2027."

Statistic 10

"The automotive segment is expected to exhibit significant growth in the smart display market due to increasing penetration of AI and IoT technologies in modern vehicles."

Statistic 11

"The major players in the smart display market are brands like Amazon.com Inc., Samsung Electronics, Google LLC, and Facebook Inc."

Statistic 12

"The smart display market in South America is projected to grow at a CAGR of 6.4% from 2020 to 2027."

Statistic 13

"Due to the COVID-19 pandemic, there was a decline in the smart display market growth in 2020."

Statistic 14

"As of 2020, 32% of US internet users used a smart display."

Statistic 15

"The LED technology accounted for a market share of nearly 37% in the smart display market."

Statistic 16

"LG Electronics Inc. and Sony Corporation collectively constituted around 14.3% of the global smart display market share in 2019."

Statistic 17

"The adoption rate of smart displays among millennials is around 25%."

Statistic 18

"Smart displays with voice assistant features are expected to make up the largest shipments and highest revenue in the smart display industry till 2028."

Statistic 19

"In Q4 2020, Google made up around 9% of the global smart display market share."

In conclusion, the global smart display market shows promising growth potential, with an expected revenue of $14.1 billion by 2028 and a projected CAGR of 8.1% from 2020 to 2027. North America leads the market due to early adoption, while Asia-Pacific is set to experience the highest growth rate. The residential segment holds the largest share, emphasizing the importance of home applications. Key players such as Google and Amazon dominate unit sales, with the retail sector expected to witness rapid growth. The automotive industry is also poised for significant expansion. LED technology and voice assistant features are key drivers of market share and revenue. Despite the impact of the COVID-19 pandemic in 2020, the smart display industry is positioned for continued evolution and innovation.