The Interactive Whiteboard Market size was valued at USD 1.82 billion in 2022 and is expected to expand at a CAGR of 7.0% from 2022 to 2030 and it will reach USD 3.14 billion in 2030.
The use of Interactive Whiteboards has aided in the transformation of education and business practices all over the world. As a result, market growth is being driven by increasing technological advancements and the distribution of Interactive Whiteboards in the education sector. Furthermore, the growing emphasis on visual learning in all schools and colleges is a major driver of rapid growth. There are a few constraints that are thought to affect market growth, such as the high cost of installing Interactive Whiteboards. Different advances and technologies, on the other hand, will lead to greater growth. Screen size, technology, type, and applications are the market components of Interactive Whiteboard Market.
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DRIVERS:
Increased use of new technologies in the education industry.
virtual classes increase the demand for E-Learning.
The commercialization of portable Interactive Whiteboards will benefit the market in the coming years.
RESTRAINTS:
High cost of installation and the high complexity will reduce the market growth.
lack of knowledge and appropriate staff training will halt market growth in the coming years.
OPPORTUNITIES:
The incorporation of AI and interactive whiteboard.
visual learning styles in schools and colleges will drive growth in the Interactive Whiteboard Market.
CHALLENGES:
The development of new technologies and the understanding of shifting patterns can have a significant impact on the market.
BYOD (Bring Your Own Device) programs in major countries.
The education sector had a significant impact on COVID-19's spread. The disease's spread has resulted in the closure of offices and educational institutions all over the world. As a result, the use of practical learning methods is expected to rise in 2020-2022, by 2019, more than 250,000 classrooms in the United States will be equipped with Interactive Whiteboards. As a result, COVID-19 disease is expected to significantly boost the market.
BY TECHNOLOGY:
Infrared, resistant membrane, electromagnetic pen, capacitive, and other technology components are available. White touch-based contact membranes that can be fully operated with a finger or a pen. Furthermore, the lower-cost one is expected to accelerate the growth of a white cooperative board integrated with opposing technology during the forecast period. Infrared Interactive whiteboard are simpler to use and more powerful than another technology-based Interactive whiteboard, such as solid membranes or powerful Interactive whiteboard. This technology is widely used in corporate boardrooms, training rooms, and classrooms, and it ensures maximum touch performance. Growing demand for and acceptance of this type of interoperable white board is expected to propel the market forward during the forecast period.
BY APPLICATION:
The application is divided into academic, corporate, and commercial sections. The education sector is expected to be a lucrative market for IWB manufacturers. Collaboration on white boards in educational institutions enables teachers to easily create customised reading materials from existing content in order to provide real-time visual information to students. Furthermore, Interactive whiteboard increase student participation in information sharing sessions and group discussions by eliminating the need for students to take notes. During the forecast period, the aforementioned factors are expected to boost market demand for white board interactions.
BY TYPE
EM Boards
IR Boards
Interactive Ceramic Boards
BY SCREEN SIZE
Less than 50 Inch
51 Inch to 70 Inch
71 Inch to 90 inch
Greater than 90 Inch
BY APPLICATION
Education
Healthcare
Retail
Corporate
Others
BY TECHNOLOGY OUTLOOK
Infrared
Resistive Membrane
Electromagnetic Pen
Capacitive
Others
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The market is divided into five regions: North America, Asia-Pacific, Europe, Latin America, the Middle East, and Africa. Major Interactive Whiteboard Market Opportunities will be found in North America. Growing technological advancements and a high level of acceptance of Interactive Whiteboards are important factors in achieving a large market share. Because of the growing demand for interactive white boards, Europe will hold the second largest share. In addition, the use of IWs in higher education and Pre K-12 Education will significantly improve the market. However, the Asia-Pacific region is expected to grow rapidly in the coming years. The use of Interactive Whiteboards in educational institutions and offices for visual learning is fueling the Asia-Pacific market. As a result, the Asia-Pacific region will once again have a large share of interactive whiteboards in the coming years.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major key players are Panasonic Corporation, BenQ Corporation, Boxlight Corporation; Ltd, Sharp Corporation, Google LLC, Samsung Group, Hon Hai Precision Industry Co. Ltd., The Ricoh Company Ltd., Smart Technologies Corporation, Microsoft Corporation, Hitachi Ltd., Smart Technologies Corporation, LG Electronics Inc, NEC Corporation. Cisco System and Other Players
Boxlight Corporation Ltd-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 1.82 Billion |
| Market Size by 2030 | US$ 3.14 Billion |
| CAGR | CAGR of 7% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Em Boards, Ir Boards, Interactive Ceramic Boards) • By Screen Size (Less Than 50 Inch, 51 Inch To 70 Inch, 71 Inch To 90 Inch, Greater Than 90 Inch) • By Application (Education, Healthcare, Retail, Corporate, Others) • By Technology (Infrared, Resistive Membrane, Electromagnetic Pen, Capacitive, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Panasonic Corporation, BenQ Corporation, Boxlight Corporation; Ltd, Sharp Corporation, Google LLC, Samsung Group, Hon Hai Precision Industry Co. Ltd., The Ricoh Company Ltd., Smart Technologies Corporation, Microsoft Corporation |
| Key Drivers | • Increased use of new technologies in the education industry. • virtual classes increase the demand for digital learning. |
| RESTRAINTS | • High cost of installation and the high complexity will reduce the market growth. • lack of knowledge and appropriate staff training will halt market growth in the coming years. |
Ans: The Interactive Whiteboard Market size was valued at US$ 1.82 Bn in 2022.
The incorporation of AI and the interactive whiteboard is an opportunity in the interactive whiteboard market.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Ans: The Interactive Whiteboard Market is to grow at a CAGR of 7.0% over the forecast period 2023-2030.
The major key players in Global Interactive Whiteboard Market are Panasonic Corporation, BenQ Corporation, Boxlight Corporation; Ltd, Sharp Corporation, Google LLC, Samsung Group, Hon Hai Precision Industry Co. Ltd., The Ricoh Company Ltd., Smart Technologies Corporation, Microsoft Corporation, Hitachi Ltd, Smart Technologies Corporation, LG Electronics Inc., NEC Corporation. Cisco System and others.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Interactive Whiteboard Market Segmentation, by Type
8.1Introduction
8.2 EM Boards
8.3 IR Boards
8.4 Interactive Ceramic Boards
9.Global Interactive Whiteboard Market, by Screen Size
9.1 Introduction
9.1 Less than 50 Inch
9.2 51 Inch to 70 Inch
9.3 71 Inch to 90 inch
9.4 Greater than 90 Inch
10. Global Interactive Whiteboard Market Segmentation, By Application
10.1 Introduction
10.2 Education
10.3 Healthcare
10.4 Retail
10.5 Corporate
10.6 Others
11. Global Interactive Whiteboard Market Segmentation, By Technology
11.1 Introduction
11.2 Infrared
11.3 Resistive Membrane
11.4 Electromagnetic Pen
11.5 Capacitive
11.6 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Panasonic Corporation
15.1.1 Financial
15.1.2 Products/ Services Offered
15.1.3 SWOT Analysis
15.1.4 The SNS view
13.2 BenQ Corporation
13.3 Boxlight Corporation; Ltd
13.4 Sharp Corporation
13.5 Google LLC
13.6 Samsung Group
13.7 Hon Hai Precision Industry Co. Ltd.
13.18 The Ricoh Company Ltd.
13.19 Smart Technologies Corporation
13.20 Microsoft Corporation
13.21 Hitachi Ltd
13.22 Smart Technologies Corporation
13.23 LG Electronics Inc.
13.24 NEC Corporation
13.25 Cisco System
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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