Interactive Whiteboard Market Share, Size, and Trends Industry Analysis Report By Technology, By Form Factor (Fixed, Portable), By Projection Technique, By Application, By Regions, And Segment Forecasts, 2020-2027 | Analytical Research Cognizance

Interactive Whiteboard Market Share, Size, and Trends Industry Analysis Report By Technology, By Form Factor (Fixed, Portable), By Projection Technique, By Application, By Regions, And Segment Forecasts, 2020-2027

Published by ARCAMR001
Report ID 1668063
Published date May 06, 2021
Category Technology
Total Pages 103
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Industry Overview
The global interactive whiteboard market was valued at USD xx billion in 2020 and is expected to reach USD xx billion by 2028 at CAGR of 8.7% during 2020-2027.

The market growth is attributed towards the increasing adoption of digital learning and virtual classrooms. Additionally, the digital learning techniques have gained tremendous popularity among students that is further strengthening the student-teacher interaction on individual basis. Being enriched with user-friendly features and convenience for students, the market growth is anticipated to quadruple in the coming years. Moreover, the positive response from government sectors for virtual classroom is likely to encourage the market development in the near future. Technological development and tools have boosted the adoption of artificial intelligence and bots in the education sector. Growing investments and financial aid have boosted the emergence of educational startups in the past few years.

The market is primarily segmented on the basis of Technology, By Form Factor, By Projection Technique, Application, and Geography.

By Technology
Infrared
Resistive Membrane
Electromagnetic Pen
Capacitive
Others

By Form Factor
Fixed
Portable

By Projection Technique
Front
Projection
Rear
Projection

By Application
Education
Corporate
Commercial
Others

By Geography
North America (U.S., Canada)
South America (Brazil, Mexico)
Europe (UK, Germany)
Asia Pacific (China, India, Japan, Australia, Indonesia, Korea)
Middle-East & Africa

Insight by Technology Type
The resistive membrane type accounted for a huge share in 2019 and also anticipated in a dominating growth in the years to come. Resistive membrane comprises a flat projection surface having resistive material on both (front & rear) sides enabling the touch interactions to be operated by a finger or stylus. Software embedded resistive membrane projectors can be cost effective between USD 500 − 1500 per unit. The cost-effectiveness and growing demand are some of the growth factors for the segment.

Infrared segment is expected to grow steadily during the forecast period attributing to the growing popularity of infrared technology and durability. Interactive whiteboards equipped with infrared functionality are widely used in corporate and education sector for their features. Therefore, the segment will witness a huge adoption in the education sector going forward in the forecast period.

Insight by Application
Undoubtedly, the interactive whiteboards are widely used in the education segment for their features. In addition to this, whiteboards allow the teachers to custom create the content for students and enhance visual experience during knowledge sharing sessions. Also, it proves encouraging for students and results in active participation during the learning sessions.

Corporate segment accounted for 15% share in 2019 and is projected to grow at a significant rate by 2028. Business segments are adopting digitization on a large scale and leveraging technological competitiveness for educational products. Use of remote technology for sharing digital content and documents has gained a huge trend in the few years contributing to the popularity. Moreover, corporate professionals are also incorporating the practice of virtual presentations wherein whiteboards for effectiveness.

Industry Dynamics
Growth Driver
Interactive whiteboard market growth is driven by rapid evolution in communication technologies. For many organizations, communication challenges in real-time get added as a business cost. To counter communication challenges, many business organizations deploy interactive whiteboards across the teams to improvise communication in the real-time thereby saving on overheads. Therefore, the market is anticipated to witness innovation in collaborative communication across geographies in the digital environment.

Significance of technological infrastructure is anticipated to boost the learning experience in colleges.

Government initiatives for e-learning have created many avenues for innovation wherein students are getting a platform to display their learning potential throughout their academics. Social media influence is a prominent factor to boost the market growth.

Therefore, the use of interactive whiteboards is more likely to receive a thrust in the coming years.
Presently, businesses have turned digital and have adopted digitalization for employee training. Companies are willing to spend more on corporate training to groom employee skill wherein visual techniques forms a core part of a particular training session. With this, the training costs are also minimized to a certain level and also prove encouraging in a digital learning environment. Therefore, this trend is however gaining a steady traction as companies are adopting a hybrid-office model in the Covid-19 pandemic.

Geographic Overview
Based on geography, the global market is geographically segmented as North America, South America, Europe, Asia Pacific, Middle-East, and Africa.

Europe is one of the dominating markets and accounting for more 35% share in the global market. UK is one of the major markets in Europe wherein education segment again rules the roost. Simultaneously, the use of innovation in visual techniques has been at the forefront to contribute towards the growing demand for whiteboards in Europe. European countries are now including interactive whiteboards as a part of curriculum for teaching foreign language. Rise in the number of educational institutions have propelled the trend of blended learning all across Europe.

North America is one of the significant markets in terms of innovative learning. Moreover, the regional markets are likely to witness a constant growth owing to high adoption, growing competition among key players and use of integrated technologies to stimulate learning environments.

Asia Pacific is likely to witness constant growth with a CAGR of 9.5% owing the shift of learners towards digital experience. Increase in disposable income and e-learning initiatives are likely to encourage a significant growth in the coming period. The regional markets have huge potential in terms of opportunities with focus on market expansion. Presence of key players and growing investment is expected to turn in more opportunities.

Competitive Insight
The key players operating in the interactive whiteboard market are emphasizing on mergers and acquisitions and collaborations to expand their business and enhance their market position with an objective to offer novel solutions to the users thereby leveraging competitive advantage.

Some of the major players operating in the global market include Panasonic Corporation, LG Display Co., Ltd, BenQ Corporation; Cisco Systems, Inc.; Google Inc.; and Microsoft Corporation, Boxlight Corporation; SAMSUNG ELECTRONICS CO., LTD., and SHARP CORPORATION."

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