Interactive Display Market Outlook and Opportunities in Grooming Regions

Interactive displays are being increasingly adopted in schools, retail outlets, museums, hotels, conference centers, and sports arenas, as they improve the turnaround time and reduce resource consumption. Moreover, the surging adoption of interactive displays can also be credited to the mounting need to offer enhanced customer experience, due to their ability to showcase information about the products offered by several end-use industries. The aforementioned application areas use interactive displays with panel sizes of 17–32 inches, 33–65 inches, or >65 inches.

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Furthermore, the rising use of flexible light-emitting diode (LED) technology, owing to the high-resolution picture offered by the technology, will also support the interactive display market to accelerate at a CAGR of 10.4% during the forecast period (2019–2024). According to P&S Intelligence, the market revenue stood at $9.2 billion in 2018 and it is expected to exceed $16.4 billion by 2024. Interactive flexible LED displays capture picture motions in several configurations and areas from a wide variety of gadgets such as personal computers (PCs), link boxes, and cameras.

Interactive display manufacturers are increasingly introducing novel and advanced products to offer better options to their existing and potential customers. For example, in November 2019, LG Electronics Inc. launched 65, 75, and 86-inch IR-based UHD interactive digital boards. All the boards offer a responsive HD experience, as they are equipped with IR touch technology and IPS panels. These boards can connect up to 30 users and facilitate interactive meetings by offering specialized tools such as voting, literature-sharing, and questionnaires.

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Globally, the Asia-Pacific (APAC) interactive display market generated the highest revenue in 2018, and it is expected to witness the fastest growth throughout the forecast period. This can be primarily attributed to the expanding retail sector, escalating investments being made in the education and transportation sectors in India, China, and Australia, and declining prices of interactive display products, owing to their high-volume production in Japan, China, and South Korea. The booming number of manufacturing facilities in the region is resulting in the production of interactive displays based on surface touch and perimeter technologies.

Thus, the burgeoning need for offering a better customer experience and increasing usage of flexible LED technology will propel the adoption of interactive displays in the upcoming years.

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This release was published on openPR.