Global Interactive Whiteboard Market Overview
An interactive whiteboard is a large interactive display which links to a computer. Digital projector is used to display computer images onto a whiteboard. The whiteboard can be controlled by using finger, stylus, pen or other device. This enables the user to write the notes transform it into text and save it. It consist various types of sensing technologies to track the interaction on the screen surface such as laser, resistive, electromagnetic and infrared optical.Demand for e-learning and virtual learning courses boost the interactive whiteboard market. Investment in the education sector also helps to grow the interactive whiteboard market. It helps the students to build their interest in using multimedia content. Data presented or written on interactive whiteboard can be easily edited or stored.
Market Size and Forecast
The interactive whiteboard market, in terms of value, is estimated around USD 3.96 Billion in 2016 and is expected to grow rapidly during the forecasting period at a CAGR of around 6.23%. Due to demand for digital classrooms and gamification and increasing popularity of interactive whiteboard with artificial intelligence stimulate the market of interactive whiteboard globally. It support various file formats such as PPTs, PDFs and HTML images. Interactive whiteboard can be used for corporate seminars, mailing copied, presentations and website postings.North America holds the largest market share of interactive whiteboard in terms of revenue as they support the use of e-learning and smart classrooms in schools that is aligned to the educational curriculum. Developed countries such as U.S, Canada and Mexico provide schools sufficient aid to procure interactive whiteboard and also promote technological advances in the education sector. It was estimated that Americas had the interactive whiteboard market share of about 41% in 2016.
Asia Pacific is anticipated to be the fast growing market due to e-learning initiatives in developing countries such as China, India and Japan. Government has invested large amount of money in the education sector and also due to the presence of some key manufacturers such as LG Display, Samsung, Sharp Corporation and Panasonic, stimulate the market of interactive whiteboard in the APAC region.Europe also accounted the huge market share of interactive whiteboard in terms of revenue. The increasing adoption of blended learning in educational institutions, which results in the implementation of interactive whiteboard into their education systems bolster the growth of interactive whiteboard market. Middle East and Latin America are anticipated to show a steady growth in the interactive whiteboard market in the near future due to the growing influence of the digital learning.
Our-in depth analysis of the global interactive whiteboard market includes the following segments:
- Interactive ceramic board
- IR Boards
- EM Boards.
By Screen Size:
- Up to 69”
- 70” to 90”
- Above 90”
- Others (Laser and Ultrasonic)
By End User:
Global interactive whiteboard market is further classified on the basis of region as follows:
- North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.
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Growth Drivers and Challenges
Rising investment in the education sector by the government is one of the major factors driving the interactive whiteboard market. Increasing adoption of technology has led to the interaction among students. Quick and easy content development drives the demand for interactive whiteboard. Sudden boom in e-learning and virtual learning market also increase the demand for interactive whiteboard globally.Gamification in corporate and education sectors and adoption of digital learning helps the market of interactive whiteboard to grow. Key technologies of interactive whiteboard are infrared, electromagnetic pen, resistive membrane and capacitive. Among these technologies the resistive membrane segment captured the largest market share. Hitachi recently developed the StarBoard LINK EZ2-Pen, a portable interactive system which stimulates the growth of interactive whiteboard market globally. Availability of substitute technologies such as tablets and interactive flat panels act as barriers in the growth of interactive whiteboard market. Lack of skilled professionals and high cost of interactive whiteboard are restraining the growth of interactive whiteboard market globally.
Top Featured Companies Dominating The Market
- Hitachi, Ltd.
- Company Overview
- Key Product Offerings
- Business Strategy
- SWOT Analysis
- Hon Hai Precision Industry Co., Ltd.
- Samsung Group
- LG Electronics Inc.
- Panasonic Corporation
- NEC Corporation
- The Ricoh Company, Ltd.
- Google LLC
- Cisco System, Inc.
- Smart Technologies Corporation
- Microsoft Corporation