Australia 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: 82 | No. of Tables: 63 | No. of Figures: 26 | Format: PDF | Report Code : N/A
Market Definition
Australia Smart Display Market was valued at USD 360.55 million in 2022, and is predicted to reach USD 1390.4 million by 2030, with a CAGR of 16.8% 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.
Strategic Technological Advancements: Australia's Defense Initiatives Fueling the Smart Display Market Growth
The Australian government has been actively promoting the advancement of technology within the defense sector, and these efforts are instrumental in driving the growth of the smart display market in Australia. The Australian Defense is dedicated to strengthening the country's defense industry, with a specific emphasis on supporting small and medium-sized enterprises (SMEs) to provide crucial capabilities to the military.This commitment is reflected in the Defense's main plans, which encompass defense capability, implementation, and industry, all of which provide essential support for significant defense projects and ongoing maintenance activities.
For instance, in June 2021, APC Technology introduced a cutting-edge smart display known as the Smart GVA display, marking a pioneering achievement in Australia. Designed and manufactured by APC in Adelaide, South Australia, this 10.4-inch smart display stands out for its ruggedness and its capability to host C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance) applications tailored for tactical and combat vehicles. These collective initiatives underline the synergy between government support and private sector innovation, supporting the growth of the smart display market and positioning Australia as a trailblazer in defense technology.
Australia's Surge in Smart Technology Initiatives Reshaping Cities and Communities
The smart technology initiatives are on the rise across Australia, with a clear focus on making daily life more convenient and connected. These initiatives, brought to life through partnerships between community, government, and private stakeholders, are reshaping both public spaces and the private sector. Governments at all levels in Australia are actively moving towards greater digital integration, embracing the concept of Smart Cities.
One such example is the Smart Waverley Strategy 2023, which aligns with the Waverley Community Strategic Plan 2018-2029, outlining the role of Council in realizing the community's vision. The Smart Waverley Strategy translates essential community needs into actionable plans that can benefit from the integration of smart technology.
As these Smart City initiatives evolve, the demand for smart display technology is on the rise, as advanced screens play a vital role in facilitating the implementation of innovative applications and services in these increasingly connected and smarter cities.
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.
Unveiling Opportunities: The 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 Australia 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 Australia 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 Australia 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.
Australia 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 360.55 Million |
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Revenue Forecast in 2030 |
USD 1390.4 Million |
|
Growth Rate |
CAGR of 16.8% from 2023 to 2030 |
|
Analysis Period |
2022–2030 |
|
Base Year Considered |
2022 |
|
Forecast Period |
2023–2030 |
|
Market Size Estimation |
Million (USD) |
|
Growth Factors |
Increasing defense Initiatives. Growing smart technology initiatives. |
|
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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