Digital Screen for Education Market is projected to reach the value of $7.68 billion by 2030

According to the report published by Virtue Market Research, the Global Digital Screen for Education Market was valued at $38.82 billion in 2022 and is projected to reach a market capitalization of $72.39 billion by 2030. Over the forecast period of 2023-2030, the market is estimated to grow at a CAGR of 8.1%. Positive uptake of digital screens in the education market is being driven by a growth in the use of cutting-edge teaching techniques, a desire for gamified and digital classrooms, and a propelling acceptance of digital displays with AI capabilities.

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With the increasing use of modern technology in the classroom, such as laptops, tablets, projectors, and digital screens, learning has become more interesting. These exhibits promote open communication and helpful feedback between students and instructors, and gamification has been demonstrated to be an effective teaching method. The growing usage of gamification and virtual classrooms is driving the market for digital screens in education. Businesses are continuously improving their offerings to offer more features and variety. Also, AI integration is a significant growth area for the digital screen industry since it makes lectures more interactive and accessible with features like note-taking, language translation, and remote participation. In summary, the usage of digital screens in education is being driven by the demand for more engaging and interactive learning opportunities as well as the desire to blend emerging technologies, particularly AI, with traditional digital screens.

However, the semiconductor and electronics industries have been significantly impacted by the COVID-19 outbreak, leading to supply chain issues as a result of production shutdowns and monetary losses. Consumer fear is escalating as a result of the pandemic's repercussions on the stock market and business trust. Nevertheless, it is projected that the COVID-19 pandemic would stimulate growth in the market for digital displays in education. The pandemic has increased consumer demand for devices while decreasing production in the electronics industry. The desire for contemporary teaching strategies like e-learning as well as the rise in popularity of virtual classrooms have both had an impact on the expansion of the digital screen market for education. Universities have made substantial investments in ILT infrastructure as a result of government initiatives to digitize educational infrastructure and enhance interactive learning, which is speeding up industry expansion.

Segmentation Analysis:
The global Digital Screen for Education Market segmentation includes:

By Technology:
• Electromagnetic Pen
• Infrared
• Capacitive
• Resistive Membrane
• Others

Infrared, resistive membrane, electromagnetic pen, capacitive, and other technologies are among the divisions of the digital screen market for educational purposes. By 2030, the resistive membrane segment, which is predicted to dominate the market and grow at a CAGR of over 7%, will have a market value of around $1 billion. Its ability to interact via touch and cost-effectiveness are credited with the growth. Digital screens based on infrared technology are predicted to expand at a CAGR of more than 6.5% during the projection period. These screens are popular because they are simple to use, long-lasting, and multi-touch capable. They are frequently found in boardrooms, classrooms, and training facilities. This technology is becoming more and more popular, which is fueling market expansion in this niche.

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By Projection:
• Rear Projection
• Front Projection

By projection technique, the digital screen market for education is divided into front projection and rear projection. The market leader and anticipated to experience rapid growth during the projection period is the front projection method. Video projectors are included in the front projection-based digital screens. On the other hand, a significant growth rate is anticipated for rear projection-based digital screens during the forecast period. This technique gets rid of the presenter shadow problem that front projection displays have, allowing the presenter to speak while facing the audience. In contrast to rear projection displays, which are larger in size and more expensive, front projection displays are more affordable and have a smaller form factor.

By Form Factor:
• Fixed
• Portable

Based on form factor, the digital screen market for education is split into two groups: Fixed and Portable. During the anticipated period, the market for portable digital screens is predicted to grow at the fastest rate. These screens offer multi-touch functionality and don't need any extra support. The fixed digital screen market, on the other hand, is also predicted to expand significantly due to factors such as high resolution for excellent visual quality, low latency, and swift and precise interactivity. The majority of computer setups and projectors are compatible with fixed digital screens, making them user-friendly. Due to their durable construction, enhanced finger-touch interaction, and capacity to function without requiring any upgrades to the current technology, the demand for fixed interactive whiteboards is also anticipated to increase.

Regional Analysis:
North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa are the different regions that make up the global market for digital screens used in the education sector. Europe dominated the digital screen for education market in 2022, accounting for a sizeable portion of the overall market. The UK is a major consumer of digital screens because its educational sector, in particular, is known for embracing cutting-edge technology. The growth of the European market for digital screens has also been fueled by the increased adoption of blended learning in educational institutions.

Over the next few years, the Asia Pacific region's market for digital displays is anticipated to grow dramatically as a result of e-learning initiatives in countries like Japan and India. The growth of the Asia Pacific digital screen for education market is also being helped by government initiatives to enhance students' learning through the use of technology in the classroom.

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Latest Industry Developments:
• In October 2022, Planar, a global leader in visualisation technology, unveiled the opening of new showrooms across the USA and Canada, bringing the company's total number of North American showrooms to 17. The newest showrooms make Planar's most advanced display technologies accessible to even more customers across the nation. This comprises visualisation solutions with the best LED pixel pitches and MicroLED technology.

• In February 2022, the purchase of Axon Ivy and its well-known digital process automation platform was announced by Ricoh Company, Ltd. Axon Ivy, headquartered in Switzerland with offices in Austria and Germany and subsidiaries in the US and Singapore, has more than 20 years of experience developing software platforms and solutions to assist clients in realizing their objectives for the digital transformation.

• In December 2022, Sharp NEC Display Solutions of America and Sharp Imaging and Information Company of America have unveiled six new AQUOS® Ultra-HD Commercial TVs.

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Virtue Market Research is a strategic management firm helping companies to tackle most of their strategic issues and make informed decisions for their future growth. We offer syndicated reports and consulting services. Our reports are designed to provide insights on the constant flux in the global demand-supply gap of markets.

This release was published on openPR.