Interactive Whiteboard Market Estimated to Expand at -17% during 2016 to 2026
The global interactive whiteboard market was valued at US$ 1,257.3 Mn by 2015 end, which is expected to decline at a CAGR of -17% during the forecast period (2016–2026). Increasing government support for transformation of conventional chalk blackboard classrooms into digital ones and increasing significance of e-Learning and virtual learning environments across the globe are some of the key trends associated with the interactive whiteboard market currently. Rise in large scale investment projects to integrate technology into education and increasing adoption of interactive whiteboards at a relatively slow rate in the corporate sector as well as by some Small and Medium Enterprises (SME) and educational institutions having low budget are major trend in this market currently.
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The global interactive whiteboard market is segmented on the basis of digitizing technology, end–users and region. On the basis of digitizing technology, the market is segmented into digital vision touch (DViT) technology, infrared digitizing technology, electromagnetic digitizing technology and others (LASER, resistive, capacitive, ultrasonic, etc.). On the basis of end–users, the market is segmented into education sector and others. Among the digitizing technology segments, DViT technology is the most dominant digitizing technology segment in the market currently. Growth of the DViT digitizing technology segment is mainly driven by its attractive and sleek design and advanced features capable of offering an enhanced user experience within a limited budget. Among the various end–user segments, the education end-user segment is the most dominant one, mainly attributed to low price of interactive whiteboards and the benefits on offer for students in terms of provision of advanced teaching applications. Detailed analysis of each segment and sub-segment is provided in the report to offer an accurate insight into the market.
The global interactive whiteboard market is segmented into six major regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific (APAC) and the Middle East & Africa (MEA). Among these, the APAC market is expected to be the largest contributor in terms of value, accounting for over 60.5% share of the global interactive whiteboard market by 2015 end. This is mainly attributed to rise in government initiatives to enable classrooms with technological equipment such as PCs, projectors, laptops and interactive whiteboards to facilitate easy learning for students in the region.
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Key players identified in the global interactive whiteboard market include SMART Technologies Inc., Promethean World plc., Hitachi, Ltd., Panasonic Corporation, Steelcase Inc., Julong Educational Technology Co., Ltd., Touch IT Technologies Inc., Xiamen Interactive Technology Co., Ltd, Turning Technologies, LLC. and Egan Teamboard Inc.
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