UK 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: 17-Nov-2023 | No of Pages: 81 | No. of Tables: 63 | No. of Figures: 36 | Format: PDF | Report Code : N/A
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Market Definition
UK Smart Display Market was valued at USD 399.24 million in 2022, and is predicted to reach USD 1209.6 million by 2030, with a CAGR of 13.2% from 2023 to 2030. A smart display is a technologically advanced device equipped with a touchscreen or interactive visual interface, integrated with voice recognition and artificial intelligence capabilities.
These displays serve as information hubs that can perform a variety of functions, including displaying information, controlling smart home devices. It provides visual responses to voice commands, enabling video calls, and serving as interactive tools for tasks such as scheduling, weather updates, and entertainment.
Smart displays are designed to enhance convenience, accessibility, and user interactivity in various contexts, such as homes, offices, and public spaces. These displays are utilized in various settings, including residential homes, offices, healthcare facilities, retail, education, and more.
The Impact of Industry Leaders on the UK's Smart Display Market Evolution
The expanding efforts of major industry leaders in the United Kingdom are exerting a significant influence on the smart display market. These initiatives, often driven by tech giants and established companies, are marked by substantial investments, and innovative product developments.
They aim to further advance the capabilities and appeal of smart displays, making them a focal point in the dynamic landscape of connected devices and smart homes. Consequently, these influential players are contributing to the steady growth and evolution of the smart display market in the UK, positioning it at the forefront of the digital revolution.
For instance, in March 2023, Amazon.com, Inc., introduced a range of new smart TV products in the UK, including the Fire TV Omni QLED Series, the Fire TV 4-Series, and the latest Fire TV 2-Series. Among these offerings, the Omni QLED Series stands out as the flagship, featuring an impressive 4K Quantum Dot Technology (QLED) display, hands-free Alexa controls, and the Fire TV Ambient experience.
This innovative feature transforms the TV into a captivating and informative personal display, providing users with at-a-glance information, Alexa-powered widgets, and a visually appealing canvas for showcasing artwork and photos when not actively streaming content. Amazon.com, Inc.’s introduction of these advanced smart TV series in the UK underlines the company's commitment to enhancing the smart display market and elevating the viewing experience for consumers.
Revolutionizing Homes: The Role of Smart Displays in Fueling the Surge of Intelligent Living Environments
The surge in smart home adoption is a burgeoning trend fueled by the collective pursuit of energy efficiency, enhanced security, and heightened convenience among consumers. As individuals increasingly seek to streamline and modernize their living spaces, smart displays have emerged as pivotal components within smart home ecosystems. These devices serve as central hubs, orchestrating seamless integration and control of various connected devices, from thermostats to security cameras.
Their role in providing intuitive interfaces for managing smart home functionalities aligns with the broader objective of creating intelligent and interconnected living environments, ultimately shaping the way people interact with and manage their homes in the digital age.
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 UK 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 UK 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 UK 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.
UK 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 399.24 Million |
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Revenue Forecast in 2030 |
USD 1209.6 Million |
|
Growth Rate |
CAGR of 13.2% from 2023 to 2030 |
|
Analysis Period |
2022–2030 |
|
Base Year Considered |
2022 |
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Forecast Period |
2023–2030 |
|
Market Size Estimation |
Million (USD) |
|
Growth Factors |
Surge in smart home adoption. Presence of key market leaders. |
|
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. |
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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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