North America Smart Display Market by Display Technology (LCD, LED, E-Paper Display, and Other Display Technologies), by Type (Standalone Smart Displays, Integrated Smart Displays, Interactive Touchscreen Displays, Transparent Smart Displays, and Other Display Types), by Display Size (Below 24 Inch, 24 Inch to 55 Inch, and Above 55 Inch), by Resolution (UHD, FHD, HD, and Others) by Application (Smart Home, Digital Signage, Automotive, Healthcare, and Other Applications), and by Sales Channel (Direct Sales, Retailers & Distributors, and E-Commerce or Online Sales) – Opportunity Analysis and Industry Forecast, 2023–2030
North America Smart Display Market was valued at USD 2.34 billion in 2022, and is predicted to reach USD 11.75 billion by 2030, with a CAGR of 20.7% from 2023 to 2030.
The rapid growth of digitalization in North America has led to an increased desire for smart displays. As consumers enthusiastically adopt smart home technologies to improve their daily lives, smart displays have become essential central hubs for these digital advancements.
They offer an interactive and aesthetically pleasing interface for managing a wide array of connected devices and services, seamlessly integrating into the region's expanding smart home ecosystem. These versatile devices not only enhance convenience and control but also serve as a visual gateway to the interconnected world of modern living.
However, security vulnerabilities in smart display technology pose a notable obstacle to the advancement of the smart display market. The risk of potential security breaches in these displays is a substantial concern for users. Inadequate security measures, such as weak passwords and insufficient encryption, create the possibility of exposing sensitive data. Consequently, it is crucial for manufacturers to prioritize the integration of robust security features within smart displays, including stringent authentication methods and the prompt patching of vulnerabilities through regular updates.
On the other hand, laser-based display technology is opening up significant opportunities in the smart display market. With outstanding brightness, color accuracy, prolonged durability, and energy efficiency, it stands out as a preferred choice for a wide range of applications, spanning from home theaters to outdoor signage and augmented reality experiences.
The extended lifespan and reliability of laser-based displays contribute to reduced maintenance costs, aligning seamlessly with sustainability objectives. As this technology becomes more accessible and cost-effective, it is driving innovation in the realm of smart displays, particularly in sectors where superior visual quality and energy conservation are crucial. This trend is expanding the market's potential for growth.
Segment OverviewThe North America Smart Display industry is segmented on the basis of display technology, type, display size, resolution, sales channel, and application.
• By display technology, the market is classified into LCD, LED, E-paper displays, other display technologies
• By end user, the market is segmented into standalone smart displays, integrated smart displays, interactive touchscreen displays, transparent smart displays, other display types.
• By display size, the market is divided into Below 24 inch, 24 inch to 55 inch, above 55 inch.
• By resolution, the market is segmented into UHD, FHD, HD, and others.
• By sales channel, the market is classified into direct sales, retailers and distributors, e-commerce or online sales.
• By application, the market is segmented into smart home, digital signage, automotive, healthcare, other applications.
Key Market PlayersThe key players in the North America Smart Display market research include companies such as:
• Samsung Electronics
• Qisda Corporation (BenQ)
• LG Corporation
• Sharp Corporation
• Lenovo Group Limited
• Alps Alpine Co., LTD
• Sony Corporation
• Google, LLC.
• Leyard Optoelectronic Co
• Amazon.com, Inc.
KEY BENEFITS• The North America Smart Display market report provides a quantitative analysis of the current market and estimations from 2023 to 2030. This analysis assists in identifying the prevailing market opportunities.
• The study comprises a comprehensive analysis of the market trends, including current and future trends for depicting prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the North America Smart Display market is provided in the report.
• The competitive analysis of the market players along with their market share in the North America Smart Display market is provided in the report.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• The value chain analysis in the market study provides a clear picture of the role of stakeholders.