India 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
Market Definition
India Smart Display Market was valued at USD 632.15 million in 2022, and is predicted to reach USD 2509.9 million by 2030, with a CAGR of 17.2% 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.
Smart Displays: Catalysts of India's Electronics Boom and Global Digital Revolution
The rapid growth of the Indian electronics industry is closely linked to the evolution of smart displays. Electronic products, especially smart displays, have played a pivotal role in shaping modern lifestyles in the digital era. This surge in technology has propelled a seamless integration of activities, marking a significant advancement in the digital revolution.
Moreover, the escalating demand for electronic devices, including smart displays, is poised to be a prominent driving force in the global economy. According to the Federation of Indian Chambers of Commerce & Industry (FICCI), India's television production is expected to grow at a 20% CAGR from USD 4.24 billion in 2020-21 to USD 10.22 billion by 2025-26.
Variety of television sets with high resolution and sharp picture quality are available in the market, including LCDs, plasma, and LEDs. The growth of India's television production is a positive development for the smart display market in India.
Leading Companies Fueling the Smart Display Boom Across India
The presence of prominent companies that offers devices with smart displays for the population across India is driving the growing demand for the market overall. With the launch of Amazon.com, Inc.,’s Echo Show 8 which is a smart display in India in 2022 fulfil the demand for the consumers in the country.
The device has an 8-inch HD display, 1MP front camera, and runs on MediaTek's MT 8163 processor. It features a camera shutter button for privacy and a button to disable microphones and camera. Compatible with apps such as Amazon.com, Inc., Music, Prime Video, and more. Supports video calls through Skype and Alexa app.
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 instills 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 India 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 India 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 India 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.
India 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 632.15 Million |
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Revenue Forecast in 2030 |
USD 2509.9 Million |
|
Growth Rate |
CAGR of 17.2% from 2023 to 2030 |
|
Analysis Period |
2022–2030 |
|
Base Year Considered |
2022 |
|
Forecast Period |
2023–2030 |
|
Market Size Estimation |
Million (USD) |
|
Growth Factors |
The rapid growth of the Indian electronics industry. The presence of prominent companies that offers devices with smart displays. |
|
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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