LAMEA 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 Latin America, Middle East and Africa Smart Display Market would witness market growth of 24.6% CAGR during the forecast period (2021-2027).
The growing retail industry is supported by increasing consumer purchasing power and basket size; shopping malls and retail spaces are expanding at a rapid rate around the world, contributing to an increase in demand for smart signage solutions to attract passersby and encourage them to enter the store. As a result, these smart retailers are interested in using programmatic advertising to raise brand recognition. Smart signage can also be used as part of the payment process.
The increasing demand for consumer goods like laptops, smartphones, and among others is supporting the growth of the regional market. In addition, the rising number of automobiles in various nations of this region is also contributing to the regional smart display market. Several automobile companies are highly investing in integrating smartphone connectivity in their vehicle, which requires smart displays and thus, fuels its demand in this region.
Many factors that are contributing to the high demand for smart displays in this region including high demand for autonomous vehicles, improved customer experience offered by implementing these smart displays, and increasing spending of people on smart displays, which are further propelling the growth of the regional market.
The Brazil market dominated the LAMEA Below 32 Inch Smart Display Market by Country 2020, thereby, achieving a market value of $114.8 million by 2027. The Argentina market would witness a CAGR of 24.8% during (2021 - 2027). Additionally, The UAE market is expected to witness 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Smart Display Market is Predict to reach $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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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