Press release
Global Interactive Display Market to Reach US$ 18.7 Billion by 2031, Fueled by Surging Demand for Interactive Learning
The Global Interactive Display Market is poised to experience substantial growth, reaching a projected value of US$ 18.7 billion by the end of 2031, with a compound annual growth rate (CAGR) of 8.3% from 2023 to 2031. In 2022, the market was valued at US$ 9.1 billion, according to the latest industry report.The surge in demand for interactive learning and the increasing popularity of interactive signage and advertising are identified as significant factors propelling the market forward. Educational, corporate, retail, gaming & entertainment, government, and BFSI sectors are witnessing a rising need for interactive displays for presentations, meetings, and immersive learning experiences, driving market statistics.
Manufacturers in the interactive display market are prioritizing display quality, touch responsiveness, and durability to provide an engaging and reliable user experience. The integration of artificial intelligence in interactive whiteboards is identified as a prominent future trend in the market.
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Key Drivers of Interactive Display Market Growth:
Demand for Interactive Learning: Traditional education methods are being replaced by more interactive and engaging learning experiences, with interactive displays playing a pivotal role in facilitating these experiences.
Corporate and Government Adoption: Corporate and government sectors are leveraging interactive displays for presentations, meetings, collaboration, and training purposes, enhancing productivity and decision-making processes.
Rise in Adoption of Interactive Kiosks: The versatile and user-friendly nature of interactive kiosks, catering to various industries, is augmenting market development.
Application in Education Sector: The education application segment is expected to lead the market, with educational institutions adopting interactive displays to revolutionize traditional teaching methods.
Regional Outlook:
North America: Dominated the market in 2022 and is expected to maintain its lead, driven by the adoption of interactive displays in various sectors and strong technological infrastructure.
Europe: An emerging market with a focus on technology integration in education, leading to extensive deployment of interactive displays in schools and universities.
Key Players:
Some of the leading players in the interactive display market include Samsung Electronics, Aaztec Solution, Avocor, BenQ, Dell Inc., Hangzhou Hikvision Digital Technology Co., Ltd., Horizon Display, LG Electronics, Panasonic Corporation, Sharp Corporation, SMART Technologies, and ViewSonic Corporation.
Recent Developments:
• SMART Technologies introduced new interactive displays in January 2022, featuring an integrated microphone array, NFC login, and up to 40 points of touch, enhancing the teaching experience.
• LG Electronics introduced the 'Createboard' series of interactive displays in January 2021, supporting flexible learning environments and improving educator capabilities.
Market Segmentation:
By Product: Interactive Video Wall, Interactive Kiosk, Interactive Whiteboard, Interactive Table, Interactive Monitor
By Screen Size: Less Than 35 Inches, 35 Inches to 70 Inches, More Than 70 Inches
By Technology: LCD, LED, OLED, Others
By Application: BFSI, Retail, Gaming & Entertainment, Education, Healthcare, Transportation, Hospitality, Corporate, Others
Regions Covered: North America, Europe, Asia Pacific, Middle East & Africa, South America
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