Middle East 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: 21-Nov-2023 | No of Pages: 82 | No. of Tables: 63 | No. of Figures: 26 | Format: PDF | Report Code : N/A
Market Definition
Middle East Smart Display Market was valued at USD 697.24 million in 2022, and is predicted to reach USD 2591.3 million by 2030, with a CAGR of 16.2% 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.
Fueling Innovation: Global Tech Giants Drive Smart Display Boom in the Middle East
These global technology leaders, such as Samsung, are recognizing the market potential in the Middle East and are actively investing in the development of smart displays tailored to the specific needs and preferences of the region. These initiatives include the integration of localized languages, regional content, and compatibility with Middle Eastern home automation systems, enhancing the overall user experience and functionality of smart displays in the region. As a result, the Middle East's smart display market is experiencing rapid expansion and innovation, making it an increasingly vital part of the growing smart home ecosystem in the region.
For instance, in October 2022, Samsung Electronics inaugurated SmartThings Home in Dubai, United Arab Emirates, marking the Middle East's first Multi Device Experience space. This innovative SmartThings Home in Dubai is thoughtfully structured into four distinct zones such as Home Office, Living Room & Kitchen, Gaming, and Contents Studio. Within these zones, guests have the opportunity to immerse themselves in 15 different SmartThings scenarios.
By seamlessly connecting SmartThings with a wide range of Samsung devices, including mobile gadgets, home appliances, and various display products, visitors can directly encounter how these technologies enhance daily life with enhanced convenience and enjoyment. This initiative demonstrates Samsung's commitment to advancing the smart display market by showcasing the synergy of smart devices and offering tangible experiences that resonate with consumers.
Government-Driven Initiatives and Industry Partnerships Boost Smart Home Awareness
Government-driven initiatives and partnerships with industry stakeholders are instrumental in showcasing the benefits of smart homes and enhancing consumer awareness. An illustrative example is the competition launched by Dubai in September 2023, which aims to identify outstanding smart home designs and offers substantial prizes.
This competition underscores Dubai's commitment to promoting smart home technology and innovation, motivating creative thinkers to conceive cutting-edge concepts that align with the city's vision of a technologically advanced and sustainable future.
By recognizing and incentivizing inventive ideas that transform traditional living spaces into intelligent, connected homes, Dubai's smart home design competition stimulates creativity and contributes to broader smart city endeavors. As governments prioritize smart home integration in their urban planning and sustainability strategies, consumer interest in these technologies’ surges, thereby propelling the growth of the smart home market, including the smart display segment.
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 Middle East 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 Middle East 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 Middle East 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.
Middle East 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 697.24 Million |
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Revenue Forecast in 2030 |
USD 2591.3 Million |
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Growth Rate |
CAGR of 16.2% from 2023 to 2030 |
|
Analysis Period |
2022–2030 |
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Base Year Considered |
2022 |
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Forecast Period |
2023–2030 |
|
Market Size Estimation |
Million (USD) |
|
Growth Factors |
Increasing government initiatives. The presence of key market players. |
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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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