Smart Display Market

Amazon (US) and Samsung Electronics (South Korea) are leading players in Smart Display Market

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.

The smart display market comprises major players such as 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). These top players have strong portfolios of products, software, and services and presence in both mature and emerging markets.

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Samsung is one of the largest conglomerates in the world. The company’s operating segments are product-based and include Consumer Electronics, IT & Mobile Communications, Device Solutions - Semiconductor, Device Solutions - Display, and Harman. Smart displays (voice-controlled display) are manufactured by one of its subsidiaries, JBL (part of Harman Division), and is named as JBL Link View. Harman designs and engineers connected products and solutions, such as connected car systems, audio and visual products, and enterprise automation solutions, for automakers, consumers, and enterprises worldwide. Harman also offers advanced display solutions such as instrument clusters, center stacks, co-pilot displays, and rear passenger entertainment systems. The company offers premium and scalable solutions in digital cockpit platforms, such as connected services, ADAS function, and pre-integrated HARMAN Android IVI and AudioworX, to provide a superior driving experience.

Amazon is an e-commerce and cloud computing company offering a range of products and services through its websites. Amazon offers its own and third-party products across various categories through its retail website and mobile apps. Products available on the website include DVDs, Blu-rays, CDs, electronics, apparel, furniture, food, toys, and jewelry. The product offered by the company in the smart display market is Amazon Echo Show with Alexa voice assistant. Alexa is a voice assistant developed by Amazon. Alexa’s spoken language understanding has been improved through enhancements in Alexa’s machine learning components and the use of semi-supervised learning techniques. The company will be able to serve customers in countries such as India and Japan by improving the accuracy of Alexas natural language understanding. The company also manufactures and sells electronic devices, including Kindle E-readers, Fire tablets, Fire TVs, and Echo. The company keeps on improvising its smart speaker series. Some Echo products launched by the company are Echo (1st Gen.), Echo Dot (1st Gen.), Echo Dot (2nd Gen.), and Echo Show.

Related Reports:

Smart Display Market with COVID-19 Impact Analysis, by Smart Home Display (Voice-controlled, Smart Appliance), Smart Display Mirror, Smart Signage (Retail & Hospitality Facilities, Sports & Entertainment Venues), Geography - Global Forecast to 2025

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Report Code
SE 6970
RI Published ON
11/27/2020
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