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Smart Display Market 2019 Global Analysis with Focus on Opportunities, Development Strategy, Future Plans, Competitive Landscape and Trends by Forecast 2023 | COVID-19 Impact

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Ehtesham Peerzade

Market Highlights

The rise in requirement for connected vehicles is one of the chief factors that can enhance the smart display market expansion. The high demand for improved convenience, comfort, and safety in the automobile industry can impel the expansion of the global smart display market in the years to come. On the downside, the lack of cost-effectiveness of advanced smart displays and rise in cybersecurity threats can limit the expansion pace of the smart display market. However, the increased need for technically advanced consumer electronics can prompt the rise of the smart display global market in the upcoming years.

On the other hand, the growth of the smart display market might be threatened by smart TVs. Smart TVs might displace some smart display use cases. Moreover, there is very little content that is available for smart displays. Meanwhile, the expanding consumer base of smart displays is providing incentives to content developers and content providers to curate more smart display content which can provide opportunities to the market over the forecast period.

Market Research Future (MRFR), in its latest smart display market 2020 report, reveals different factors that can boost the market rise. MRFR recorded the smart display market value at USD 143.25 billion in 2017. By 2023, the smart display market value can touch USD 340.85 Bn. The smart display market can rise at 15.61% CAGR across during the evaluation period (2017 to 2023).

Various smart display devices have trickled down into the market in the last few years. Major technology giants have entered the smart display space such as Amazon, Facebook, and Google and are spending a fortune on R&D activities to bring out innovative products to the market. Fierce competition has been witnessed among these companies who are vying for gaining the upper hand over the market.

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Competitive Landscape

Sony Corporation (Japan), Lenovo (Hong Kong), Innolux Corp. (Taiwan), LG Display Co., Ltd. (South Korea), Harman International Industries, Incorporated (US), ViewSonic (US), Google Inc. (US), Sharp Corp. (Japan), Panasonic Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), and BOE Technology Group Co. (China) are the notable players in the smart display market.

Segmentation:

The smart display market has been segmented based on touch panel type, display technology, and end user.

On the basis of touch panel type, the smart display market has been segmented into capacitive and resistive.

On the basis of display technology, the smart display market has been segmented into LCD, OLED, TFT-LCD, and others.

On the basis of end user, the smart display market has been segmented into commercial, automotive, residential, education, healthcare, and others.

Regional Analysis:

According to MRFR regional analysis, Asia Pacific can head the global smart display market. In regions, such as China, Taiwan, and India, the surging in demand for smart display can rise exponentially across residential and automotive sectors. Plus, the presence of potential display panel producers, such as Japan Display Inc. (Japan), Kyocera Corporation (Japan), and LG Display (South Korea) among others in APAC, can push the smart display market growth at a high pace. The need for improved lifestyle standard across APAC and the emergence of various manufacturers to introduce unique and advanced electronic tools can prompt the expansion of the regional market. In North America, technological advancements and the domination of smart display devices can boost the rise of North America smart display market. In addition, the increased Internet penetration can fuel the smart display market in North America. Europe smart display market is expected to witness similar drivers. Europe can experience surge in smart display market in the upcoming years due to increased utility of modern electronic applications.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/smart-display-market-6725

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