The North America smart display market is expected to grow from US$ 497.17 million in 2022 to US$ 3,168.56 million by 2028. It is estimated to grow at a CAGR of 36.2% from 2022 to 2028.
Once customers are used to a particular brand’s product, they purchase other products from the same brand. Some well-known brands, such as Google; Amazon, Inc.; Bosch; Panasonic; BenQ Corporation; LG Electronics; Lenovo Group, Ltd.; Samsung Corporation; and Sony Corporation, offer various smart display solutions for automobiles, healthcare, residential, and retail industries. These brands effortlessly attract loyal customers and are a major driving factor for the growth of the smart display market.
Sometimes, market players promote their products before the launch to create hype among customers. For instance, In March 2022, Xiaomi’s smart display 10 was listed on multiple websites. However, the product was launched in April 2022. In January 2022, Google launched its 2nd generation Google Nest Hub smart display. In June 2021, Amazon launched 2 new smart display products, the Echo show 10 and 5. Thus, the rising popularity of the brands is driving the growth of the smart display market across the region.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America smart display market at a good CAGR during the forecast period.
The North America smart display market is segmented on the basis of size, type, resolution, industry, and country.
Based on size, the market is segmented into up to 12 inches, above 12 inches - up to 32 inches, above 32 inches - up to 52 inches, and above 52 inches. The above 32 inches - up to 52 inches segment dominated the market in 2022.
Based on type, the market is segmented into signage, display, and mirror. The display segment dominated the market in 2022.
Based on resolution, the market is segmented into full high definition, ultra-high definition, and others. The full high definition segment dominated the market in 2022.
Based on industry, the market is segmented into consumer & home appliances, automotive, healthcare, retail, and others. The consumer & home appliances segment dominated the market in 2022.
Based on country, the market is segmented into the US, Canada, and Mexico. The US dominated the market in 2022.
Alphabet Inc.; Amazon.com, Inc.; BenQ Corporation; Lenovo Group Limited; LG Electronics; Magna International Inc; NEXCOM International Co., Ltd.; Panasonic Corporation; Samsung Electronics Co., Ltd.; and Sony Corporation are the leading companies in the North America smart display market.