Smart Display Market expect to Observe Spectacular Growth During 2020 to 2025

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MarketsandMarkets Presents
The Global Smart Display Market Size was valued
at USD 1.1 Billion in 2020 and is projected to
reach USD 6.1 Billion by 2025. It is expected to
grow at a CAGR of 41.0 during the forecast
period. High demand for smart mirrors from the
automotive industry, new and innovative features
offered by smart mirrors, an increasing number of
internet users and growing adoption of smart
devices according to consumer preferences,
surging demand for AI-powered and IoT-enabled
smart home appliances, increasing trend of
context-aware signage, and growing adoption of
smart signage in retail sector are the key
driving factors for the Smart Display Market.
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MarketsandMarkets Presents
Key Players A few of the key players in the
Smart Display Market are Amazon (US), Samsung
Electronics (South Korea), Alphabet (Google)
(US), Apple (US), LG Electronics (South Korea),
NEC Corporation (Japan), Panasonic Corporation
(Japan), Leyard Optoelectronic (Planar) (China),
Sony (Japan), Facebook (US), Magna International
(Canada), and Gentex (US). Download PDF Sample _at_
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MarketsandMarkets Presents
Smart home displays to witness a higher CAGR
during the forecast period. Most of the smart
home device and solution providers are shifting
away from traditional practices towards advanced
technologies. Smart devices offer many
advantages, such as reduced energy consumption
and effective management of devices, over
traditional devices. Players offering consumer
electronics are also capitalizing on the rising
demand for connected devices and solutions by
increasing investments in the Smart Device
Market. The increased investment is also expected
to have a positive impact on the growth of the
smart home display market in the near future.
Moreover, AI- and IoT-based devices have recently
gained traction owing to their convenience and
ease of use.
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MarketsandMarkets Presents
North America to hold major share of the Smart
Display Market during the forecast period. North
American countries, such as the US, Canada, and
Mexico, are receptive to products enabled with
advanced technologies. The penetration of smart
displays is high in the US, owing to the presence
of early adopters and key smart display providers
in the country. The willingness of customers to
accept and use new technologies has also
encouraged manufacturers in the region to develop
new and advanced products. Read Complete Details
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MarketsandMarkets Presents
APAC is attributed to growing at the highest CAGR
in Smart Display market during the forecast
period (2021-2025) APAC is expected to grow at
the highest CAGR in the Smart Display Market.
Countries such China, Japan, and South Korea are
expected to be the major contributors to the
market in APAC. Increased manufacturing
operations contribute mainly to the economic
development in China, while the rising demand to
incorporate Industry 4.0 and advanced
manufacturing techniques for increasing
automation across various applications in India
is contributing to the tremendous growth of Smart
Display in APAC. North America is expected to
hold the largest share of 40 of the Global
Smart Display Market in 2021
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MarketsandMarkets Presents
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