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Interactive Whiteboard Market 2022 - New Technology Analysis, Applications, Segmentation and Forecast by 2028 : Panasonic Corporation, BenQ Corporation, Boxlight Inc.

The Interactive Whiteboard Market Size was valued at US$ 1.71 billion in 2021 and is anticipated to reach at US$ 2.75 billion by 2028, with a healthy CAGR of 7%.

 

Pune, Maharashtra -- (SBWIRE) -- 08/15/2022 -- Interactive Whiteboard Market Scope & Overview:

The use of interactive whiteboards (IWBs), which enable students to write or draw on surfaces, print images, and share those images across networks, is growing in popularity as one of the most successful and widely used technologies in classroom learning. Compared to traditional whiteboards, this facilitates teaching and increases student interest. IWB processes and displays pertinent data via a display that is connected to a computer. Many businesses offer capabilities like multi-touch, gesture recognition, remote class, split screen, and multi-language, offering users more freedom and flexibility to design engaging lessons and advance student knowledge.

As per the most authenticated market research report by SNS Insider, the interactive whiteboard market is anticipated to reach USD 2.75 billion in 2028, with a CAGR of 7% over the forecast period of 2022–2028.

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Drivers, Restraints, Opportunities, and Challenges

It is projected that the growing gamification trend in education will fuel the interactive whiteboard market. The demand for interactive whiteboards in the education industry has been quite high since they allow professors to better visualize their ideas through the use of visuals and images from the internet. The demand is projected to increase as a result of several government efforts aimed at transforming conventional chalk-and-board classrooms into digital boards. The importance of e-learning and virtual learning environments, on the other hand, is projected to be among the major developments associated to the industry's growth.

Additionally, significant investments in the information and learning technology industry are being made to improve teaching strategies in universities. These developments, along with the rise of mobile applications and digital content, are anticipated to fuel interactive whiteboard market expansion. Additionally, the market for interactive whiteboards is being driven by the need to provide proper training to employees and presentations that are becoming more popular throughout corporate workplaces.

Impact of the COVID-19 Pandemic

The COVID-19 pandemic had a significant impact on the semiconductor and electronics sectors. The global supply of interactive whiteboards has been adversely affected by a lack of labor, a temporary prohibition on production facilities, and import and export restrictions. Since online classes were accepted by the educational institutions, the demand for interactive whiteboards would be limited because gatherings are outlawed and many countries' schools and colleges have still not reopened. However, as businesses and corporations are returning to work, the market for interactive whiteboards is expected to grow over the next few years.

Interactive Whiteboard Market Segmentation analysis

The interactive whiteboard market was led by the resistive membrane technology segment. This development can be linked to the capability of allowing touch-based interactions along with their operation by finger or stylus.
Over the course of the global market, the portable form factor segment held a larger revenue share. Additionally, it is predicted to experience the fastest increase in the following years. Their increased use for making last-minute presentations can be the cause of this.

Major Segments and Sub-Segment of Interactive Whiteboard Market are Listed Below:

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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Interactive Whiteboard Industry Regional Analysis 2022

Over the projection period, North America will hold the greatest market share for interactive whiteboards. This is linked to the region's widespread use of a number of interactive whiteboards based on touch technology, particularly in the business, governmental, and educational sectors in the United States. In the next five years, the interactive whiteboard market in the Asia Pacific region is predicted to expand at the fastest rate. Massive investments supported by numerous government programs carried out in developing regions, including significant developing nations, are projected to foster the industry's expansion over the projection period.

Competitive Landscape Outlook

Some of the prominent players working in the interactive whiteboard market are The Ricoh Company Ltd., Cisco System, Panasonic Corporation, Samsung Group, NEC Corporation, BenQ Corporation, Smart Technologies Corporation, Google LLC, LG Electronics Inc., and Sharp Corporation.

Table of Contents – Major Key Points

1. Introduction

2. Research Methodology

3. Market Dynamics

4. Impact Analysis

5. Value Chain Analysis

6. Porter's 5 Forces Model

7. PEST Analysis

8. Global Interactive Whiteboard Market Segmentation, By Type

9. Global Interactive Whiteboard Market, By Screen Size

10. Global Interactive Whiteboard Market Segmentation, By Application

11. Global Interactive Whiteboard Market Segmentation, By Technology

12. Regional Analysis

13. Company Profiles

14. Competitive Landscape

15. Conclusion

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