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Interactive Flat Panel Global Market Exhibit a Remarkable CAGR of 10.1% and is expected to reach $7.66 Billion By 2028 | Sony Corporation, Panasonic Corporation, Toshiba Corporation, BOE Technology Group, Applied Materials Inc.
Interactive Flat Panel Market
According to The Business Research Company's, The interactive flat panel market size has grown rapidly in recent years. It will grow from $ 4.74 billion in 2023 to $5.21 billion in 2024 at a compound annual growth rate (CAGR) of 10%. The growth in the historic period can be attributed to technological advancements, consumer demand for high-quality displays, declining prices, emerging markets, regulatory standards, and environmental concerns.
The interactive flat panel market size is expected to see rapid growth in the next few years. It will grow to $7.66 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to the emergence of new display technologies, demand for flexible and foldable displays, the rise of augmented reality (AR) and virtual reality (VR), integration of displays in smart devices and IoT, demand for energy-efficient displays. Major trends in the forecast period include continued growth in large-screen displays, convergence of display technologies, focus on sustainability and recyclability, personalization and customization, and rapid innovation cycles.
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Market Drivers and Trends:
The rise in digital learning is expected to propel the growth of the interactive flat panel market. Digital learning refers to the use of electronic technologies and digital media to facilitate learning, encompassing online courses, interactive educational software, and virtual classrooms, often enhancing accessibility and flexibility in education. The surge in digital learning is fueled by its accessibility, flexibility, and demand for remote education. Interactive flat panels facilitate dynamic digital learning experiences by enabling educators to seamlessly integrate multimedia content, interactive presentations, and collaborative activities into their teaching, enhancing student engagement, participation, and comprehension. For instance, in September 2021, according to the Coursera Impact Report by Coursera, a US-based open online course provider, the total number of registered learners in 2021 was 92 million compared to 71 million in 2020, and the total number of enrollments was 189 million compared to 143 million in 2020. Therefore, the rise in digital learning is driving the growth of the interactive flat panel market.
Major companies operating in the interactive flat panel market are developing innovative products, such as multi-user interactive displays, to serve customers with advanced features better. A multi-user interactive display is a digital screen that allows multiple users to interact simultaneously, enabling collaborative engagement and input from numerous participants for various purposes such as presentations, gaming, education, or creative projects. For instance, in January 2023, SMART Technologies, a Canada-based software company, launched two new editions of multi-user interactive displays, the SMART Board MX (V4) series and the SMART Board GX (V2) series. These interactive displays are crafted to enable multiple users to write, erase, and gesture simultaneously across various platforms and applications. They elevate the user experience with features such as zero-bonded glass and an enhanced touch system for more precise touch and inking. Fueled by iQ technology, these displays facilitate collaborative, active learning and provide built-in device engagement activities.
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Major Key Players of the Market:
Samsung Electronics Co. Ltd, AT&T Corporation, Sony Corporation, Panasonic Corporation, Toshiba Corporation, BOE Technology Group, Applied Materials Inc., NEC Corporation, Sharp Corporation, LG Display Co. Ltd., Koninklijke Philips N.V., ASUSTeK Computer Inc., Tokyo Electron Limited, TCL Display Technology Holdings Limited, AU Optronics Corporation, Innolux Corp, Japan Display Inc., Planar Systems Inc., BenQ Corporation, Densitron Technologies Plc., Hannstar Display Corporation, Emerging Display Technologies Corporation, Novaled AG, Crystal Display Systems Ltd, Smart Infovision
Interactive Flat Panel Market 2024 Key Insights:
• The interactive flat panel market size is expected to see rapid growth in the next few years. It will grow to $7.66 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%.
• Rise Of Digital Learning Fueling Growth In Interactive Flat Panel Market
• Advancements In Multi-User Interactive Displays
• North America was the largest region in the interactive flat panel market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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