Interactive Whiteboard (IWB) Market
P
2021
The global interactive whiteboard (IWB) market size was valued at $4.29 billion in 2020 and is projected to reach $7.35 billion by 2030 to register a CAGR of 6.0% from 2021 to 2030.
An interactive whiteboard (IWB) or smart board is an interactive display board, which is a touch screen linked to a computer. Usually, this type of board looks similar to a big computer screen, where the user can write & move images through the touch of a pen or with fingers. However, many companies such as intech IWB software provide users more options & greater flexibility to create effective lessons and improve students’ knowledge by providing multi-touch, gesture recognition, remote class, split screen, and multi-language features. Also, the use of portable IWB (interactive whiteboard) is the latest trend.
The global interactive whiteboard (IWB) market size is anticipated to witness significant growth during the forecast period. Factors such as the emergence of virtual classrooms & e-learning courses, government initiatives for digital education, and the transformation of traditional whiteboards into digital whiteboards drive the interactive whiteboard (IWB) market growth. In addition, growth in digitalization & high adoption of electronics products boost the overall market growth. However, a lack of technical knowledge and high integration costs is a major restraints to the global interactive whiteboard (IWB) industry. In addition, growth in the educational sector in Asia-Pacific is expected to create lucrative opportunities for the interactive whiteboard (IWB) industry.
The global interactive whiteboard (IWB) market share is segmented into the offering, form factor, screen size, technology, end user, and region. By offering, the market is segmented into hardware and software. By form factor, it is segmented into fixed, and Portable. Based on Screen Size, the market is classified into Less than 50 Inches, 50 Inches to 70 Inches, 71 Inches to 90 inches, and Greater than 90 Inches. By technology, the market is divided into Infrared, Resistive, Capacitive, Electromagnetic, and Others. By End-user, the market is segmented into Education, Healthcare, Retail, Corporate, and Others.
Region-wise, the interactive whiteboard (IWB) market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is dominating the interactive whiteboard (IWB) market share, owing to growth in demand for educational products. In addition, Asia-Pacific is projected to register a significant growth rate during the forecast period. Furthermore, Europe holds a subsequent position and is expected to increase its growth rate by the end of the forecast period, followed by North America.
Leading interactive whiteboard (IWB) market manufacturer such, as LG Electronics, Microsoft Corporation, Samsung Electronics Co. Ltd., etc. are focusing their investment on technologically advanced, cost-effective, and more secure products and solutions for various applications.
Prominent factors that impact the interactive whiteboard (IWB) market growth are an increase in demand from the education sector and rapid digitalization across the globe. In addition, the rise in the trend of smart & touch-based devices drives the interactive whiteboard (IWB) market growth. However, the lack of preparation for technology in several underdeveloped nations, and the high cost of interactive whiteboards (IWB) in comparison to traditional whiteboards restricts the market growth. On the contrary, a rise in focus toward the adoption of new advanced technologies and progressive development of digital content is expected to create lucrative opportunities for the market. Therefore, these factors are expected to affect the development of the global interactive whiteboard (IWB) market during the forecast period.
Competitive analysis and profiles of the major interactive whiteboard (IWB) market players such as Hitachi, Horizon Display Inc., LG Electronics, Microsoft Corporation, Planar Systems (Leyard Optoelectronic), Ricoh, Samsung Electronics Co. Ltd., Seiko Epson Corporation, Sharp NEC Display Solutions of America, Inc., and Viewsonic Corporation.
Aspect | Details |
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By OFFERING |
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By FORM FACTOR |
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By SCREEN SIZE |
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By TECHNOLOGY |
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By END USER |
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By Region |
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Key Market Players | RICOH COMPANY LTD., MICROSOFT CORPORATION, HITACHI, LTD., Samsung Electronics, Seiko Epson Corporation (EPSON), VIEWSONIC CORPORATION, Sharp NEC Display Solutions of America, Inc., PLANAR SYSTEMS (LEYARD OPTOELECTRONIC), LG ELECTRONICS, HORIZON DISPLAY INC. |
Interactive whiteboard comprises a computer associated with an information projector and to a touch sensitive digital screen normally fixed to a wall. Pictures from the computer are then shown onto the whiteboard through information projector. These pictures can be controlled on electronic screens for most parts through a digital pen or a finger.
The global interactive whiteboard market is anticipated to witness significant growth during the forecast period. Factors such as emergence of virtual classrooms & e-learning courses, government initiatives for digital education, and transformation of traditional whiteboard into digital whiteboard drive growth of the interactive whiteboard market. In addition, growth in digitalization & high adoption of electronics products boost the overall market growth. However, lack of technical knowledge and high integration cost is a major restraint for the global interactive whiteboard industry. In addition, growth in the educational sector in Asia-Pacific is expected to create lucrative opportunities for the interactive whiteboard industry.
The key players of the market focus on introducing technologically advanced products to remain competitive in the market. Product launch are expected to be the prominent strategies adopted by market players. North America accounted for a major share of the market in 2020, owing to the presence of major players in the region; however, Asia-Pacific is expected to grow at the highest CAGR, owing to rise in adoption of interactive whiteboard in a variety of fields.
The Interactive Whiteboard (IWB) Market is estimated to grow at a CAGR of 6.0% from 2021 to 2030.
A. The Interactive Whiteboard (IWB) Market is projected to reach $7.35 billion by 2030.
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Factors such as emergence of virtual classrooms & e-learning courses, government initiatives for digital education, and transformation of traditional whiteboard into digital whiteboard drive the interactive whiteboard (IWB) market growth
A. The key players profiled in the report include Hitachi, Horizon Display Inc., LG Electronics, Microsoft Corporation, Planar Systems (Leyard Optoelectronic), Ricoh, Samsung Electronics Co. Ltd., Seiko Epson Corporation, Sharp NEC Display Solutions of America, Inc., and Viewsonic Corporation.
On the basis of top growing big corporations, we select top 10 players.
A. The Interactive Whiteboard (IWB) Market is segmented on the basis of offering, form factor, screen size, technology, end user, and region.
A. The key growth strategies of Interactive Whiteboard (IWB) Market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.
A. The education segment is projected to be the major application during the forecast period followed by corporate.