$29.19 billions Interactive Display Market Growing at CAGR of 8.80% to 2026 | LG Electronics, NEC Corporation, Sharp Corporation, Samsung Electronics Co. Ltd., ViewSonic Corporation
Drivers, restraints, and opportunities
Surge in demand for interactive whiteboard in education sector, increase in trend touch-based devices, and rise in adoption of interactive display in retail application drive the global interactive display market. However, high cost of new display technologies hinders the market growth. On the other hand, surge in focus toward adoption of new advance technology would create new opportunities in the industry.
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The scope of the report discusses the potential opportunities for the market players to enter the global interactive display market. Furthermore, it provides an in-depth analysis of the interactive display market, outlining current trends, key driving factors, and key area of investment. The study includes Porter's five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth. Moreover, it features the strategies adopted by key market players to maintain their foothold in the market.
Moreover, the display technology such as OLED has various advantages over conventional display technologies such as being light in weight and its flexibility, which have enabled it to gain competitive advantage over other segments The OLED technology is recognized as a lighter and thinner alternative than conventional LED and LCD systems. In addition, OLED panels do not require any type of backlighting as compared to LCD. A stable performance in sunlight is an additional advantage of OLED.
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In July 23, 2019, Sharp Corporation launched new 4K Ultra HD resolution large-format AQUOS BOARD interactive display systems, which has whiteboard functionality with embedded system-on-chip (SoC) controller. Sharp offers InGlass touch technology that provide semi flat surface, allow for more comfortable with more accurate response.
The key players operating in the interactive display industry include LG Electronics, NEC Corporation, Sharp Corporation, Samsung Electronics Co. Ltd., ViewSonic Corporation, Planar Systems, Horizon Display Inc., Baanto International Ltd., Crystal Display Systems Ltd., and Elo Touch Solutions.
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Key Findings of the Interactive Display Market :
In terms of revenue, Flat Panel contributed the maximum market share in 2018, and is expected to maintain its lead throughout the forecast period.
Transparent Panel is expected to grow at the highest CAGR during the forecast period.
In 2018, North America accounted for over 38.6% share globally, and is expected to dominate the interactive display market share in the future.
Based on region, the global interactive display market trends are analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2018, in terms of revenue, North America accounted for 38.6% of total interactive display market revenue and is expected to retain its dominant position. However, Asia-Pacific is expected to grow at the highest CAGR, owing to advancements in touch screen devices and rise in purchasing capacity.
IPS LCD Display Market: Here is Top Revenue Generating Companies in 2019-2020 | Growth Projections to 2026 @ http://hitechnewsdaily.com/2020/02/ips-lcd-display-market-here-is-top-revenue-generating-companies-in-2019-2020-growth-projections-to-2026/
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