According to the new market research
report "Interactive Whiteboard Market by Screen
Size (Up to 69", 70"-90", Above 90"), Technology (Infrared,
Resistive, Capacitive, Electromagnetic), End User (Education, Corporate, and
Government), and Geography - Global Forecast to 2023", The interactive whiteboard (IWB) market
is estimated to grow from USD 4.31 Billion in 2018 to USD 5.16 Billion by 2023,
at a CAGR of 3.69% between 2018 and 2023. The trend of gamification in
education and corporate sectors, adoption of e-learning and digital classroom
solutions, and increased funding from different governments to incorporate IWBs
for various end users are the major driving factors for market growth.
Interactive whiteboards having a screen
size between 70” and 90” is expected to hold a larger share of the interactive
whiteboard market by 2023
IWBs
with a display screen size ranging from 70–90” are expected to lead the IWB
market, in terms of size, between 2018 and 2023. The demand for IWBs with a
display screen size ranging from 70” to 90” is largely driven by educational
institutes and government and corporate offices wherein they are essentially
used to conduct training sessions and business meetings. Classroom teaching
usually involves a group of students (an average of 30 students in a class),
and IWBs with a screen size of 70–90” are found to be the most suitable to make
the content (notes from the teacher or content from a textbook) visible to the
entire class.
Infrared technology is expected to hold
the largest share of the interactive whiteboard market by 2023
IWBs
based on infrared technology are durable and easier to operate compared to
capacitive or resistive technologies. Another major driver for the growing
adoption of infrared technology is the widespread use of Digital Vision Touch
(DViT) technology. DViT technology uses infrared technology as a base and adds
multi-touch features to IWBs. Infrared IWBs are mainly installed in classrooms,
corporate boardrooms, and training or activity rooms in organizations.
Education sector is expected to hold the
largest share of the interactive whiteboard market by 2023
The
increasing demand for e-learning and interactive learning solutions is a major
factor driving the growth of the IWB market globally. Hence, governments across
regions are increasingly funding interactive learning models for schools to
promote the interactive learning method. Also, the frequent adoption of new
technologies in designing IWBs and introduction of e-learning solutions are
other major factors driving the demand for interactive whiteboards in the
education sector.
APAC expected to hold the largest share
of the interactive whiteboard market by 2023
APAC
is expected to be the fastest-growing market for interactive whiteboards during
the forecast period. The interactive whiteboard market has enormous growth
potential in APAC, and this product is likely to be accepted by consumers as an
integral part of a digitalized classroom. The high growth can be attributed to
the increased investments by the government in the education sector and the
presence of some key manufacturers such as Samsung, LG Display, Sharp
Corporation, and Panasonic in the APAC region.
Some
major companies in the IWB market include Foxconn (Taiwan), Hitachi (Japan),
Samsung Display (South Korea), LG Display (South Korea), Panasonic (Japan), NEC
(Japan), Ricoh (Japan), Google (US), Cisco (US), Microsoft (US).
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