The Global Interactive Whiteboard Market size is expected to reach $3.7 billion by 2027, rising at a market growth of 6.4% CAGR during the forecast period.
An interactive whiteboard (IWB) or smart board is a touch-screen display system that is connected to a computer. Typically, these types of boards resemble a large computer screen on which the user can write and move graphics with a pen or fingers. There are several companies that provide multi-touch, gesture detection, remote class, split screen, and multi-language features, giving users additional options and flexibility to make creative lessons and boost student knowledge.
Educational resources are presented in a unique and impressive way with Interactive Whiteboard. They can be used in a complete class or a small group. Students can use Interactive Whiteboard to explore concepts, complete assignments, and complete learning tasks in innovative and interactive ways. These boards are incredibly motivating, encouraging enthusiastic comments and engagement in the classroom.
A teacher can utilise an interactive whiteboard to engage every student in class instead of giving a monotonous one-way presentation. Students will find a lesson entertaining if it incorporates text, graphics, videos, and/or audio files, whether they are learning vocabulary, pronunciation, or researching a topic.
Large size screens with a standalone system on a chip (SOC) and combinations of video projectors or smart projectors that use a tablet or other devices with drivers for user interaction are among the technologies used in Interactive Whiteboard. Infrared or resistive touch, magnetic or ultrasonic pens are common modes of operation.
Interactive whiteboard software frequently incorporates simple charts, polls, and graphs, as well as virtual copies of classroom instruments like rulers, compasses, and protractors. These boards play a variety of media and provide interactive education for students to teachers.
The outbreak of COVID-19 pandemic has had a tremendous impact on the electronics and semiconductor industries. Due to an increase in the number of COVID-19 cases, businesses and manufacturing units in several nations have been closed. Furthermore, the partial or total lockdown has affected the worldwide supply chain, making it difficult for manufacturers to reach their customers. The unavailability of workforce, temporary ban on manufacturing units and restrictions on imports & exports have negatively impacted the supply of interactive whiteboard across the world.
Since gathering are prohibited and schools & colleges of many nations are still not reopened, the demand for interactive whiteboard would get restricted since online classes were adopted by the educational institutions. On the other hand, businesses and corporates are getting back on work, the demand for interactive whiteboard would increase in the coming years.
Companies are focusing on innovation to provide diversity and new features in products as a result of rapid technological improvements. Researchers from many firms are working to integrate new technologies into traditional IWBs in order to make them more user-friendly and interactive. Artificial Intelligence (AI) is one such technology that offers enormous growth potential for the IWB market.
Each year, both private and public schools spend a significant amount of money on dry markers, erasers, chalk, printing results, assignments and even chalkboard painting. None of these tools are required for Interactive Whiteboard. All that's needed is an LCD touchscreen display and/or a channel for displaying the same content on other PCs. To participate in an interactive lesson, everyone can connect to the primary computer. There's no need to be concerned about internet connectivity in most modern classrooms because they are Wi-Fi enabled.
One of the major restraints of the market is the high cost of IWBs compared to standard whiteboards. Aside from the product price, users also incur the cost of accessories like a projector, stylus, and other connecting devices, as well as the installation fee. Aside from that, the expense of training employees to manage and operate IWBs must also be included. The high cost of Interactive Whiteboard makes them difficult to install in small institutions and schools.
Based on projection technique, the interactive whiteboard market is divided into Front Projection and Back Projection. The front projection segment is projected to record the highest revenue share in the interactive whiteboard market during the forecast period. The front projection technique in interactive whiteboard utilizes video projectors. The presenter has to extend their arm to prevent casting shadows and provide better quality of visuals and projection.
On the basis of application, the interactive whiteboard market is classified into Education, Corporate, Commercial, Healthcare and others. The education sector is estimated to witness a prominent market share over the forecast period. It is owing to that fact that teachers may quickly generate personalized learning objects from current content using Interactive Whiteboard in educational institutions to provide students with a real-time visual experience.
On the basis of technology, interactive whiteboard market is segmented into Infrared, Resistive Membrane, Electromagnetic Pen, Capacitive and Others. The resistive membrane segment garnered the highest revenue share in the market in 2020 and is estimated to continue this trend over the forecast period. Touch-based interactions are supported by the resistive membrane-based interactive whiteboard, which may be operated entirely with a finger or stylus.
By form factor, the interactive whiteboard market is fragmented into Fixed and Portable. The fixed segment is estimated to acquire the highest revenue share in the interactive whiteboard market over the forecast period. Fixed IWBs are simple to use and have standard aspect ratios that work with the majority of existing computer systems and projectors. Furthermore, factors such as the durable architecture of fixed IWBs, better finger-touch interaction, and their ability to perform successfully without requiring any upgrades to existing equipment are projected to fuel demand for Fixed.
By screen size, the interactive whiteboard market is segmented into less than 50 Inch, 50 Inch to 70 Inch, 71 Inch to 90 inch and Greater than 90 Inch. 50 inch to 70-inch screen size segment is estimated to acquire a dominant share in the interactive whiteboard market over the forecast period. This screen size is widely adopted for the small facilities with limited number of people, since it offers better projection and more clarity to the audience.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 2.5 Billion |
| Market size forecast in 2027 | USD 3.7 Billion |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 6.4% from 2021 to 2027 |
| Number of Pages | 315 |
| Number of Tables | 562 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Projection Technique, Application, Technology, Form Factor, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the interactive whiteboard market is analyzed across North America, Europe, Asia Pacific, and LAMEA. Europe emerged as the leading region in the interactive whiteboard market with the highest market share and is projected to continue its dominance over the forecast period. It is because the education sector in the United Kingdom is receptive of the advanced innovative technologies, and is one of the largest consumer markets for IWBs. In addition, the growing use of blended learning in educational institutions is driving up demand for Interactive Whiteboard.
Free Valuable Insights: Global Interactive Whiteboard Market size to reach USD 3.7 Billion by 2027
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Microsoft Corporation and Google, Inc. are the forerunners in the Interactive Whiteboard Market. Companies such as Seiko Epson Corporation, LG Electronics, Inc. and Samsung Electronics Co., Ltd. are some of the key innovators in the market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Seiko Epson Corporation, Hon Hai Precision Industry Co., Ltd. (Smart Technologies), Cisco Systems, Inc., Hitachi, Ltd., LG Electronics, Inc. (LG Corporation), Samsung Electronics Co., Ltd. (Samsung Group), Microsoft Corporation, Google, Inc., Panasonic Corporation, and Horizon Display, Inc.
By Projection Technique
By Application
By Technology
By Form Factor
By Screen Size
By Geography
The interactive whiteboard market size is projected to reach USD 3.7 billion by 2027.
High Integration of AI Technology in Interactive Whiteboard are driving the market in coming years, however, huge cost of interactive whiteboard as Compared to Conventional Whiteboards limited the growth of the market.
Seiko Epson Corporation, Hon Hai Precision Industry Co., Ltd. (Smart Technologies), Cisco Systems, Inc., Hitachi, Ltd., LG Electronics, Inc. (LG Corporation), Samsung Electronics Co., Ltd. (Samsung Group), Microsoft Corporation, Google, Inc., Panasonic Corporation, and Horizon Display, Inc.
Schools, colleges, businesses and corporates are getting back on work after pandamic, the demand for interactive whiteboard would increase in the coming years.
The Europe market dominated the Global Interactive Whiteboard Market by Region 2020, and would continue to be a dominant market till 2027.
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