Europe Smart Display Market By Resolution (HD & FHD and UHD), By Type (Signage, Home Display and Mirror), By Display Size (Between 32 & 52 Inch, Below 32 Inch and Above 52 Inch), By End User (Retail, Residential, Healthcare & Life Sciences, Sports & Entertainment, Automotive and Others), By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Europe Smart Display Market would witness market growth of 21.6% CAGR during the forecast period (2021-2027).
The rise in demand for smart mirror applications in the automotive industry, as well as the spike in demand for Internet of Things and artificial intelligence-based smart applications in the commercial sector is driving the growth of the automotive smart display market. On the other hand, the significant danger of malfunction and consumer data leak is preventing early adoption. Furthermore, the smart display market is anticipated to be fueled by the rising demand for better smart display applications in healthcare and an increase in the number of smart retailers across the world during the forecast period.
Smart displays are popular in retail for digital communication because they can be controlled and planned according to user preferences, particularly with established daily routines to display images and videos. Furthermore, smart display apps like home display include advanced features like a Bluetooth speaker with a screen to make them more user-friendly. Consumers may easily install these devices, which are compatible with a wide range of smart electrical equipment.
The mature automotive sector in this region is supporting the growth of the regional smart display market. In addition, people are now highly investing in better and advanced systems in their autonomous vehicles for better security and convenience. Thus, the smart display market would be boosted in the North America region.
The growing number of smart shops in the retail sector is one of the major factors creating lucrative opportunities for smart display companies to prosper in this region. The technologically advanced nations in this region are paving the way to the growth of the regional smart display market. The high adoption of these smart displays in the automotive sector is accelerating the growth of the regional market.
Moreover, the increasing popularity of these displays in the retail sector and the growing culture of smart retail shops are contributing to the growth of the regional smart display market. It is due to the enhanced customer experience offered by these smart displays, which attract more customers to the brands. Such determinants are opening new growth avenues for the smart display market over the forecast period.
The Germany market dominated the Europe Automotive Smart Display Market by Country 2020, thereby, achieving a market value of $120.3 million by 2027. The UK market is exhibiting a CAGR of 22.2% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 24% during (2021 - 2027).
Based on Resolution, the market is segmented into HD & FHD and UHD. Based on Type, the market is segmented into Signage, Home Display and Mirror. Based on Display Size, the market is segmented into Between 32 & 52 Inch, Below 32 Inch and Above 52 Inch. Based on End User, the market is segmented into Retail, Residential, Healthcare & Life Sciences, Sports & Entertainment, Automotive and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Smart Display Market Size will Hit $15.1 Billion by 2027, at a CAGR of 22.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Qualcomm, Inc., Intel Corporation, Honeywell International, Inc., NEC Corporation, Amazon.com, Inc., Google, Inc., LG Electronics, Inc. (LG Corporation), Sony Corporation, Apple, Inc., and Samsung Electronics Co., Ltd. (Samsung Group)
Scope of the Study
Market Segments Covered in the Report:
- HD & FHD
- Home Display
By Display Size
- Between 32 & 52 Inch
- Below 32 Inch
- Above 52 Inch
By End User
- Healthcare & Life Sciences
- Sports & Entertainment
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Qualcomm, Inc.
- Intel Corporation
- Honeywell International, Inc.
- NEC Corporation
- Amazon.com, Inc.
- Google, Inc.
- LG Electronics, Inc. (LG Corporation)
- Sony Corporation
- Apple, Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
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