China 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
Industry: Semiconductor & Electronics | Publish Date: 18-Nov-2023 | No of Pages: 81 | No. of Tables: 63 | No. of Figures: 23 | Format: PDF | Report Code : N/A
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Market Definition
China Smart Display Market was valued at USD 1.49 billion in 2022, and is predicted to reach USD 4.51 billion by 2030, with a CAGR of 13.2% from 2023 to 2030. A smart display is a sophisticated device featuring a touchscreen or interactive visual interface, coupled with voice recognition and artificial intelligence capabilities.
Functioning as versatile information hubs, these displays can execute diverse tasks, including presenting information and managing smart home devices. They offer visual responses to voice commands, facilitating video calls and serving as interactive tools for scheduling, weather updates, and entertainment purposes.
Smart displays are meticulously crafted to elevate convenience, accessibility, and user engagement across various settings, such as homes, offices, and public spaces. Their applications span residential homes, offices, healthcare facilities, retail, education, and beyond.
China's Dominance in Electronics: Driving Global Markets and Transforming the Landscape of Smart Displays
China's global dominance in electronics exports is expected to continue in the foreseeable future, thanks to its massive manufacturing capacity and low labor costs. In 2021, China exported USD 671.5 billion in electronics, accounting for 27.4% of the global market. This unparalleled dominance is also evident in the smart display industry, where
China accounts for over 60% of global market share. Chinese companies are producing a wide range of smart displays at different price points, making them more affordable for a wider range of consumers. They are also investing heavily in research and development to develop new technologies and products.
Innovation Unleashed: Chinese Companies Propel Smart Display Industry with Xiaomi's Latest Release - The Smart Display 8 Pro
Chinese companies are actively driving advancements in smart display technology, fostering a growing demand within the country's smart display industry. Xiaomi, a prominent player in this landscape, recently unveiled its latest offering, the Smart Display 8 Pro. Building upon its predecessor's success, this device boasts an 8-inch LCD screen and operates on the MIUI Home OS. Beyond its display prowess, the Smart Display 8 Pro transforms into a versatile smart home controller, seamlessly integrating with various IoT devices.
Furthermore, it enhances user experience by providing features for music and video streaming. This innovation exemplifies the continuous commitment of Chinese companies to push the boundaries of smart display capabilities, contributing significantly to the flourishing tech market in the country.
Security Vulnerabilities in Smart Home Displays Restrain Market Growth
Security vulnerabilities in smart display technology represent a significant restraining factor for the smart display market. The potential for security breaches in smart displays poses a substantial risk to users. Insufficient security measures, such as weak passwords and inadequate encryption, could lead to the exposure of sensitive data. Therefore, it is imperative for manufacturers to prioritize robust security features within smart displays, including strong authentication methods and prompt vulnerability patching through regular updates.
Introduction of Laser-Based Display Technology
Laser-based display technology is presenting substantial opportunities within the smart display market. Its exceptional brightness, color accuracy, long-lasting durability, and energy efficiency position it as a prime choice for diverse applications, spanning from home theaters to outdoor signage and augmented reality experiences. The extended lifespan and reliability of laser-based displays result in reduced maintenance costs and align with sustainability objectives.
As this technology becomes increasingly accessible and cost-effective, it is instigating innovation in the realm of smart displays, particularly in sectors where top-tier visual quality and energy conservation are paramount, thus broadening the market's potential for expansion.
Competitive Landscape
The China smart display industry includes several market players 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., and Amazon.com, Inc.
Key Benefits
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The China smart display market report provides a quantitative analysis of the current market and estimations through 2023-2030 that assists in identifying the prevailing market opportunities to capitalize on.
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The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
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The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
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The competitive analysis of the market players along with their market share in the China smart display market.
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The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
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Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
China Smart Display Market Key Segments
By Display Technology
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LCD
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LED
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E-Paper Displays
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Other Display Technologies
By Type
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Standalone Smart Displays
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Integrated Smart Displays
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Interactive Touchscreen Displays
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Transparent Smart Displays
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Other Display Types
By Display Size
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Below 24 inch
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24 inch to 55 inch
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Above 55 inch
By Resolution
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UHD
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FHD
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HD
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Others
By Sales Channel
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Direct Sales
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Retailers and Distributors
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E-Commerce Or Online Sales
By Application
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Smart Home
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Digital Signage
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Automotive
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Healthcare
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Other Applications
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2022 |
USD 1.49 Billion |
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Revenue Forecast in 2030 |
USD 4.51 Billion |
|
Growth Rate |
CAGR of 13.2% from 2023 to 2030 |
|
Analysis Period |
2022–2030 |
|
Base Year Considered |
2022 |
|
Forecast Period |
2023–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Growth Factors |
The dominance in electronics exports. The presence of key market players. |
|
Companies Profiled |
10 |
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Market Share |
Available for 10 companies |
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Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
KEY PLAYERS
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Samsung Electronics
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Qisda Corporation (BenQ)
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LG Corporation
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Sharp Corporation
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Lenovo Group Limited
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Alps Alpine Co., LTD
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Sony Corporation
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Google, LLC.
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Leyard Optoelectronic Co
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Amazon.com, Inc.
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