North America 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 North America Smart Display Market would witness market growth of 21.8% CAGR during the forecast period (2021-2027).
A smart display is a battery-operated touchscreen device that can share, connect, and interact with its user as well as other connected devices. It's a wirelessly linked display for web browsing and other tasks that don't necessitate the use of a keyboard. The smart display may be used in a variety of industries, including automotive, residential, commercial, education, and healthcare. Google just unveiled the Google Home Hub, a smart display with a virtual assistant. The Google Home Hub has a new function called Ambient EQ, which is a mix of a dedicated sensor and an image algorithm that adjusts the display's color and brightness.
Some of the major catalysts for the growth of the smart display market include the massive demand in automobile industry for smart mirrors, new and creative features supplied by smart mirrors, an expanding number of internet users, and increased acceptance of smart gadgets based on customer preferences. The smart display market is being driven by rising demand for AI-powered and IoT-enabled smart home products, the expanding trend of context-aware signage, and the growing use of smart signage in the retail sector.
As key firms selling smart displays, including as Amazon, Google, and Facebook, are headquartered in the United States, the majority of devices are introduced and sold there initially. Companies that sell smart displays in the region are fiercely competitive, and they invest much in creating technologically sophisticated goods in order to maintain their market share. In addition, the high adoption rate of smart gadgets in the region is driving up demand for smart displays.
The high demand for smart devices and solutions in this region is opening new growth avenues for the companies. In addition, the presence of various global giants in the region, especially retail and automotive companies are contributing to the high adoption of these smart displays in their products and premises. Smart displays provide more convenience for the people through their voice assistance and touch screen display features, which is making them more popular in the automotive sector.
The US market dominated the North America Smart Display UHD Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,036.8 million by 2027. The Canada market is experiencing a CAGR of 27.3% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 26.2% 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 U.S., Mexico, Canada, and Rest of North America.
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 North America
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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