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 major factors driving the growth of the interactive whiteboard market include 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. However, the lack of skilled professionals to operate IWBs, along with the higher cost of IWBs than that of traditional whiteboards is restraining the growth of the IWB market.
“Interactive whiteboard with screen size up to 69” is expected to grow at the highest CAGR between 2018 and 2023”
Considering today’s scenario, interactive whiteboards with a screen size up to 69” is widely adopted for different applications in the corporate sector. This high growth can be attributed to the increasing adoption of artificial intelligence (AI) and cloud storage features in IWBs used in the corporate sector. AI-based IWBs enable remote participation of a user in a conference or a meeting, translation of the meeting into other languages, and use of real-time analytics for taking notes during the meeting.
“Interactive whiteboard market in APAC is expected to grow at the highest rate between 2018 and 2023”
The high growth can be due 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.
In the process of determining and verifying the market size for several segments gathered through secondary research, extensive primary interviews have been conducted with the key industry people. The breakup of the profile of primary participants has been given below:
- By Company Type: Tier 1 = 20%, Tier 2 = 45%, and Tier 3 = 35%
- By Designation: C-Level Executives = 35%, Directors = 25%, and Others = 40%
- By Region: North America = 45%, Europe = 25%, APAC = 20%, and RoW = 10%
Research Coverage:
- The interactive whiteboard market, based on screen size, has been segmented into up to 69”, between 70” and 90”, and above 90”.
- The interactive whiteboard market, based on technology, has been segmented into infrared, resistive, capacitive, electromagnetic, and others (laser and ultrasonic).
- The interactive whiteboard market, based on end users, comprises education, corporate, and government.
- The geographic analysis has been done with regard to North America, Europe, APAC, and RoW.
From an insight perspective, this research report has focused on various levels of analysis—market ranking of top players, value chain analysis, company profiles that provide the basic views on the competitive landscape, emerging and high-growth segments of the interactive whiteboard market, high-growth regions, and market dynamics—such as drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
- Market development: Comprehensive information about lucrative emerging markets and analysis of the interactive whiteboard market across regions
- Market diversification: Exhaustive information about new products, untapped geographic regions, and recent developments in the overall interactive whiteboard market
- Competitive assessment: In-depth assessment of ranking, strategies, products of the leading players in the interactive whiteboard market
1.1 OBJECTIVES OF THE STUDY
1.2 DEFINITION
1.3 SCOPE OF THE STUDY
1.3.1 MARKETS COVERED
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 PACKAGE SIZE
1.6 LIMITATIONS
1.7 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primaries
2.1.2.2 Key data from primary sources
2.1.2.3 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.3 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR IWB MARKET
4.2 IWB MARKET, BY EDUCATION SECTOR
4.3 IWB MARKET, BY SCREEN SIZE
4.4 IWB MARKET, BY TECHNOLOGY
4.5 IWB MARKET, BY END USER
4.6 ASIA PACIFIC IWB MARKET, BY COUNTRY & END USER
4.7 IWB MARKET, BY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growing demand for gamification and digital classrooms
5.2.1.2 Increased funding on IWBs
5.2.2 RESTRAINTS
5.2.2.1 Lack of skilled professionals
5.2.2.2 High cost of IWBs in comparison to traditional whiteboards
5.2.3 OPPORTUNITIES
5.2.3.1 Integration of artificial intelligence in IWBs
5.2.3.2 Integration of cloud storage in IWBs
5.2.4 CHALLENGES
5.2.4.1 Shift towards interactive flat panels
5.2.4.2 Increasing adoption of tablets and smartphones in the education sector
6 INDUSTRY TRENDS
6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
6.3 KEY TRENDS IN THE IWB MARKET
6.3.1 ARTIFICIAL INTELLIGENCE-BASED IWBS
6.3.2 MULTI-POINT TOUCH FEATURE
7 INTERACTIVE WHITEBOARD MARKET, BY SCREEN SIZE
7.1 INTRODUCTION
7.2 IWBS WITH A SCREEN SIZE UP TO 69”
7.3 IWBS WITH A SCREEN SIZE RANGING FROM 70”–90”
7.4 IWBS WITH A SCREEN SIZE ABOVE 90”
8 INTERACTIVE WHITEBOARD MARKET, BY TECHNOLOGY
8.1 INTRODUCTION
8.2 INFRARED
8.3 RESISTIVE
8.4 CAPACITIVE
8.5 ELECTROMAGNETIC
8.6 OTHERS
8.6.1 LASER SCANNER
8.6.2 ULTRASONIC TRACKING TECHNOLOGY
9 INTERACTIVE WHITEBOARD MARKET, BY END USER
9.1 INTRODUCTION
9.2 EDUCATION
9.3 CORPORATE
9.4 GOVERNMENT
10 INTERACTIVE WHITEBOARD MARKET, BY GEOGRAPHY
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 US
10.2.2 CANADA
10.2.3 MEXICO
10.3 EUROPE
10.3.1 UK
10.3.2 GERMANY
10.3.3 FRANCE
10.4 APAC
10.4.1 CHINA
10.4.2 JAPAN
10.4.3 SOUTH KOREA
10.4.4 AUSTRALIA
10.5 REST OF THE WORLD
10.5.1 SOUTH AMERICA
10.5.2 MIDDLE EAST
10.5.3 AFRICA
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 MARKET RANKING
11.3 COMPETITIVE SCENARIO
11.3.1 NEW PRODUCT LAUNCHES
11.3.2 PARTNERSHIPS
11.3.3 MERGERS & ACQUISITIONS
11.3.4 EXPANSIONS
12 COMPANY PROFILES
(Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
12.1 KEY PLAYERS
12.1.1 HITACHI
12.1.2 PANASONIC
12.1.3 LG DISPLAY
12.1.4 FOXCONN
12.1.5 NETDRAGON
12.1.6 SAMSUNG ELECTRONICS
12.1.7 NEC DISPLAY
12.1.8 RICOH
12.1.9 RETURNSTAR INTERACTIVE TECHNOLOGY
12.1.10 BOXLIGHT CORPORATION
12.1.11 CISCO
12.1.12 ALPHABET
12.1.13 MICROSOFT
12.1.14 LUDIA
12.1.15 QOMO
12.2 START-UP ECOSYSTEM
12.2.1 SHENZHEN ITECH SOLUTIONS
12.2.2 SPECKTRON
12.2.3 DONGGUAN RIOTOUCH TECHNOLOGY
12.2.4 SHENZHEN FANGCHENG TEACHING EQUIPMENT
12.2.5 KETAB TECHNOLOGIES
*Details on Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
13 APPENDIX
13.1 INSIGHTS FROM INDUSTRY EXPERTS
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
13.5 AVAILABLE CUSTOMIZATION
13.6 RELATED REPORTS
13.7 AUTHOR DETAILS
Table 1 SURVEY RESULTS REPRESENTING THE VIEW OF TEACHERS ON THE USE OF IWBS
Table 2 IWB MARKET SIZE, BY SCREEN SIZE, 2015–2023 (USD MILLION)
Table 3 IWB MARKET SIZE, BY SCREEN SIZE, 2015–2023 (MILLION UNITS)
Table 4 IBW MARKET FOR SCREEN SIZE UP TO 69”, BY END USER, 2015–2023 (USD MILLION)
Table 5 IBW MARKET FOR SCREEN SIZE BETWEEN 70”–90”, BY END USER, 2015–2023 (USD MILLION)
Table 6 IWB MARKET FOR SCREEN SIZE ABOVE 90”, BY END USER, 2015–2023 (USD MILLION)
Table 7 IWB MARKET SIZE, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 8 INFRARED IWB MARKET SIZE, BY REGION, 2015–2023 (USD MILLION)
Table 9 RESISTIVE IWB MARKET SIZE, BY REGION, 2015–2023 (USD MILLION)
Table 10 CAPACITIVE IWB MARKET SIZE, BY GEOGRAPHY, 2015–2023 (USD MILLION)
Table 11 ELECTROMAGNETIC IWB MARKET SIZE, BY GEOGRAPHY, 2015–2023 (USD MILLION)
Table 12 IWB MARKET FOR OTHER TECHNOLOGIES, BY GEOGRAPHY, 2015–2023 (USD MILLION)
Table 13 IWB MARKET SIZE, BY END USER, 2015–2023 (USD MILLION)
Table 14 IWB MARKET FOR EDUCATION SECTOR, BY LEVEL, 2015–2023 (USD MILLION)
Table 15 IWB MARKET FOR EDUCATION SECTOR, BY GEOGRAPHY, 2015–2023 (USD MILLION)
Table 16 IWB MARKET FOR CORPORATE SECTOR, BY GEOGRAPHY, 2015–2023 (USD MILLION)
Table 17 IWB MARKET FOR GOVERNMENT SECTOR, BY GEOGRAPHY, 2015–2023 (USD MILLION)
Table 18 IWB MARKET SIZE, BY GEOGRAPHY, 2015–2023 (USD MILLION)
Table 19 IWB MARKET IN NORTH AMERICA, BY SCREEN SIZE, 2015–2023 (USD MILLION)
Table 20 IWB MARKET IN NORTH AMERICA, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 21 IWB MARKET IN NORTH AMERICA, BY END USER, 2015–2023 (USD MILLION)
Table 22 IWB MARKET IN NORTH AMERICA, BY EDUCATION LEVEL, 2015–2023 (USD MILLION)
Table 23 IWB MARKET IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD MILLION)
Table 24 IWB MARKET IN US, BY END USER, 2015–2023 (USD MILLION)
Table 25 IWB MARKET IN US, BY EDUCATION LEVEL, 2015–2023 (USD MILLION)
Table 26 IWB MARKET IN CANADA, BY END USER, 2015–2023 (USD MILLION)
Table 27 IWB MARKET IN CANADA, BY EDUCATION LEVEL, 2015–2023 (USD MILLION)
Table 28 IWB MARKET IN MEXICO, BY END USER, 2015–2023 (USD MILLION)
Table 29 IWB MARKET IN MEXICO, BY EDUCATION LEVEL, 2015–2023 (USD MILLION)
Table 30 IWB MARKET IN EUROPE, BY SCREEN SIZE, 2015–2023 (USD MILLION)
Table 31 IWB MARKET IN EUROPE, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 32 IWB MARKET IN EUROPE, BY END USER, 2015–2023 (USD MILLION)
Table 33 IWB MARKET IN EUROPE, BY EDUCATION LEVEL, 2015–2023 (USD MILLION)
Table 34 IWB MARKET IN EUROPE, BY COUNTRY, 2015–2023 (USD MILLION)
Table 35 IWB MARKET IN UK, BY END USER, 2015–2023 (USD MILLION)
Table 36 IWB MARKET IN UK, BY EDUCATION LEVEL, 2015–2023 (USD MILLION)
Table 37 IWB MARKET IN GERMANY, BY END USER, 2015–2023 (USD MILLION)
Table 38 IWB MARKET IN GERMANY, BY EDUCATION LEVEL, 2015–2023 (USD MILLION)
Table 39 IWB MARKET IN FRANCE, BY END USER, 2015–2023 (USD MILLION)
Table 40 IWB MARKET IN FRANCE, BY EDUCATION LEVEL, 2015–2023 (USD MILLION)
Table 41 IWB MARKET IN APAC, BY SCREEN SIZE, 2015–2023 (USD MILLION)
Table 42 IWB MARKET IN APAC, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 43 IWB MARKET IN APAC, BY END USER, 2015–2023 (USD MILLION)
Table 44 IWB MARKET IN APAC, BY EDUCATION LEVEL, 2015–2023 (USD MILLION)
Table 45 IWB MARKET IN APAC, BY COUNTRY, 2015–2023 (USD MILLION)
Table 46 IWB MARKET IN CHINA, BY END USER, 2015–2023 (USD MILLION)
Table 47 IWB MARKET IN CHINA, BY EDUCATION LEVEL, 2015–2023 (USD MILLION)
Table 48 IWB MARKET IN JAPAN, BY END USER, 2015–2023 (USD MILLION)
Table 49 IWB MARKET IN JAPAN, BY EDUCATION LEVEL, 2015–2023 (USD MILLION)
Table 50 IWB MARKET IN SOUTH KOREA, BY END USER, 2015–2023 (USD MILLION)
Table 51 IWB MARKET IN SOUTH KOREA, BY EDUCATION LEVEL, 2015–2023 (USD MILLION)
Table 52 IWB MARKET IN AUSTRALIA, BY END USER, 2015–2023 (USD MILLION)
Table 53 IWB MARKET IN AUSTRALIA, BY EDUCATION LEVEL, 2015–2023 (USD MILLION)
Table 54 IWB MARKET IN ROW, BY SCREEN SIZE, 2015–2023 (USD MILLION)
Table 55 IWB MARKET IN ROW, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 56 IWB MARKET IN ROW, BY END USER, 2015–2023 (USD MILLION)
Table 57 IWB MARKET IN ROW, BY EDUCATION LEVEL, 2015–2023 (USD MILLION)
Table 58 IWB MARKET IN ROW, BY GEOGRAPHY, 2015–2023 (USD MILLION)
Table 59 IWB MARKET IN SOUTH AMERICA, BY END USER, 2015–2023 (USD MILLION)
Table 60 IWB MARKET IN SOUTH AMERICA, BY EDUCATION LEVEL, 2015–2023 (USD MILLION)
Table 61 IWB MARKET IN MIDDLE EAST, BY END USER, 2015–2023 (USD MILLION)
Table 62 IWB MARKET IN MIDDLE EAST, BY EDUCATION LEVEL, 2015–2023 (USD MILLION)
Table 63 IWB MARKET IN AFRICA, BY END USER, 2015–2023 (USD MILLION)
Table 64 IWB MARKET IN AFRICA, BY EDUCATION LEVEL, 2015–2023 (USD MILLION)
Table 65 MARKET RANKING OF TOP 5 PLAYERS IN THE IWB MARKET IN 2017
Table 66 NEW PRODUCT LAUNCHES, BY COMPANY, 2015–2017
Table 67 PARTNERSHIPS, BY COMPANY, 2017
Table 68 ACQUISITIONS, BY COMPANY, 2015–2017
Table 69 EXPANSIONS, BY COMPANY, 2015–2017
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.
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).
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.
