Sound Emitting Display Market by Technology (OLED, LCD, and LED), by Application (Smartphones, Television, Laptops, and Automobiles), and by End Users (Consumer Electronics, Automotive, Healthcare, Retail, and Hospitality)- Global Opportunity Analysis and Industry Forecast 2024-2030

Market Definition

The Sound Emitting Display Market size was valued at USD 10.20 million in 2023 and is predicted to reach 14.64 by 2030 with a CAGR of 5.30% from 2024-2030. A sound-emitting display is a type of display technology that has the ability to emit sound to display visual information. These displays use various technologies such as speakers, soundbars, and transducers to emit sound. They are designed to provide a more immersive and interactive experience for the user, as well as to improve the overall audio quality of the device.

Sound-emitting displays can be found in a wide range of products and devices, from televisions and smartphones to digital signage and in-store displays. The technology behind sound-emitting displays allows for seamless integration of sound and visual information, thus making it possible to create a more immersive and engaging user experience. These displays can be used in both personal and professional settings and can be customized to meet the specific needs of the user or application.

Market Dynamics and Trends

The demand for the sound-emitting display market is increasing due to the growing popularity of streaming services and other multimedia content as consumers are increasingly looking for devices that can provide immersive audio-visual experiences. Sound-emitting displays can help to create more engaging and immersive experiences for users by providing high-quality sound directly from the display.

Moreover, the rising popularity of smart devices, such as smartphones and televisions, is also boosting the growth of the sound-emitting display market. Sound-emitting displays are used in smart devices to enhance the user experience by providing high-quality sound in addition to visual information.

Furthermore, the growing demand for sound-emitting displays in the education sector, especially in e-learning, increasing the adoption of sound-emitting displays in classrooms and lecture halls is accelerating the growth of the sound-emitting display market.

However, sound-emitting displays consume more power than traditional displays, as they require additional components such as speakers or transducers to emit sound. This can result in shorter battery life for devices that use sound-emitting displays, which may restrain the growth of the sound-emitting display market.

On the other hand, with the integration of AI and machine learning, sound-emitting displays can adapt to the user's preferences and surroundings, and optimize the audio experience accordingly, thus it is expected to create ample growth opportunities for the market in the future.

Market Segmentation and Scope of Study

The global sound-emitting display market is segmented on the basis of technology, application, end-user, and geography. Based on technology, the market is classified into OLED, LCD, and LED. Based on the application, the market is segmented into smartphones, television, laptops, and automobiles. On the basis of end users, the market is categorized into consumer electronics, automotive, healthcare, retail, and hospitality. Geographical breakdown and analysis of each of the aforesaid classifications include regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America dominates the global sound-emitting display market and is potently expected to remain dominant in the market throughout the forecast period. This is attributed to the developed healthcare industry in the region along with the rising adoption of sound-emitting display medical devices such as video otoscopes, patient monitors, and ultrasound machines to provide a more accurate and interactive experience for patients and healthcare providers. According to the Center for Medicare and Medicaid Services, the healthcare industry in the US reached 4.3 trillion in 2021.

Moreover, the growing e-sports industry in North American countries including the United States is further boosting the growth of the sound-emitting display market in the region. Sound-emitting displays are used in e-sports venues to provide a more immersive experience for viewers and players.

These displays are used to project high-quality video and sound to create an immersive gaming environment. According to the Federal Reserve Bank of St. Louis as of August 2022, esports generated approximately USD 243 million in revenue in the U.S. in 2021.

On the other hand, Asia Pacific shows substantial growth in the global sound-emitting display market owing to the rapidly growing gaming industry in the region is further fuelling the growth of the sound-emitting display market in the Asia Pacific region. The increasing popularity of virtual reality (VR) and augmented reality (AR) gaming, as well as the growth of mobile and console gaming, has led to a greater demand for more immersive and interactive gaming experiences.

According to the World Economic Forum as of February 2021, India's soaring gaming industry is valued at USD 930 million and is number one in the world, India has over 560 million internet users, making it the second-largest internet consumer.

Furthermore, the growing automotive industries in countries such as China, Japan, and India is also boosting the growth of the sound-emitting display market. The automotive industry is increasingly adopting sound-emitting displays to enhance the overall driving experience and provide a more interactive and immersive in-vehicle experience. 

According to the Ministry of Industry and Information Technology, China is the largest automotive manufacturing country in the world with a sale of 25 million vehicles in 2020 and it is expected to reach 35 million vehicles by 2025.

Competitive Landscape

Various market players operating in the sound emitting display market include LG Electronics Corporation, Samsung Electronics Co., Ltd., Panasonic Holdings Corporation, Sony Corporation, Sharp Corporation, Toshiba Corporation, Koninklijke Philips N.V., JVC Kenwood Corporation, Canon Inc., and Barco NV. These market players are adopting various strategies such as innovation and collaboration to maintain their dominance in the global sound emitting display market.

For instance, in November 2022, LG Display announced the development of the Thin Actuator Sound Solution, a new sound technology for automobiles. This technology allows the device to vibrate off display panels and various materials inside the car body to enable a rich, 3D immersive sound experience.

Moreover, in September 2022, Samsung Electronics launched next-generation micro-LED displays that redefine hybrid interactions in southeast asia and oceania. This new Micro LED technology offers immersive viewing experiences in a high-resolution and large screen format, creating premium customer engagements for brands.

Furthermore, in June 2022, Panasonic Connect North America announced several collaboration-focused solutions to create interactive experiences for students, educators and professionals across in-person and remote environments. The new audio and display solutions join Panasonic’s holistic ecosystem of professional AV technology on display at this year’s InfoComm in booth #N1629, aimed at improving work and learning experiences.

Key Benefits

• The report provides quantitative analysis and estimations of the sound emitting display market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep dive analysis of the sound emitting display market including the current and future trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the sound emitting display market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Key Market Segments

By Technology   

• OLED

• LCD

• LED

By Application  

• Smartphones

• Television

• Laptops

• Automobiles

By End-Users

• Consumer Electronics

• Automotive

• Healthcare

• Retail

• Hospitality

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden

  • Norway        

  • Russia        

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

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