Display Technology

Report: Smart display market expects heavy growth through 2026

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June 30, 2021

ResearchAndMarkets.com has released the Global Smart Displays 2021-2026 report, predicting steady market growth in digital display technology through the next five years.

In this report, the market is regionally divided into North America, Europe, Asia-Pacific, and the rest of the world. North America is a technologically advanced region, so smart display technology initially formed a strong base there. The Asia-Pacific region is expected to have the best potential market growth during the forecast period. Emerging nations in this region are experiencing substantial economic growth, which is expected to drive the market for smart displays during the forecast period.

According to the report, the market for smart displays is being advanced by the intense focus of industry leaders pushing solutions across the mainstream market.

Advances in technology and reduced prices will likely see the market grow at a healthy rate. Globally, the market for smart displays was previously considered an elite market, but has seen growing popularity in a wide range of social circles. Wireless development, along with open and standard technologies, has enabled this transition, according to the release. This has reduced wiring and labor costs, lowering overall prices. In addition, the presence of many display companies has resulted in price competitiveness, forcing manufacturers to build mainstream solutions.

In recent years, the utilization of liquid crystals, Organic Light Emanating Diodes and other emerging processes have trimmed prices considerably, opening the door for use in electronics and optoelectronics, construction, healthcare, and consumer products. According to the report, wearable displays for electronic and optoelectronic applications are seeing very strong growth.