Wilmington, Delaware, United States, June 21, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global interactive display market is poised to be valued at US$ 18.7 billion by the end of 2031. From 2023 to 2031, a CAGR of 8.3% is expected for the market.
Interactive display screens are being extensively deployed in industries such as healthcare, BFSI, education, retail, and hospitality to name a few. Major technological advancements have contributed to their enhanced uptake.
Interactive display solutions improve productivity and efficiency in the workplace or educational setting. An interactive display is essentially a larger tablet computer with a touchscreen that allows users to access, manipulate, and interact with content directly on the screen. Interactive displays have numerous advantages, including increased productivity, engagement, collaboration, information dissemination, and data collection and analytics.
The education sector is perhaps the most opportunistic field of operations for the interactive display landscape. The field of education is mainly reactive, as new disruptive technologies develop in other industries and are then applied and accommodated into existing educational cultures and systems.
Since 2021, EdTech companies have seen a five-fold increase in their subscription rates. In the interim, the suspension of education in classrooms is the main reason behind this increase.
Gamification of education is an important development providing traction to the adoption of interactive displays. By using gamified learning methods, educators can aid students to retain their subjects in mind. In K12 Education, this practice is widely prevalent. The concept of gamified learning is becoming more popular in professional classes and test prep segments.
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Market Snapshot:
| Report Coverage | Details | |
| Market Revenue | US$ 9.1 Bn | |
| Estimated Value | US$ 18.7 Bn | |
| Growth Rate - CAGR | 8.3% | |
| Forecast Period | 2023-2031 | |
| No. of Pages | 187 Pages | |
| Market Segmentation | By Product, By Screen Size, By Technology, By Application | |
| Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, South America | |
| Companies Covered | Aaztec Solution, Avocor, BenQ, Dell Inc., Hangzhou Hikvision Digital Technology Co., Ltd., Horizon Display, LG Electronics, Panasonic Corporation, Samsung Electronics, Sharp Corporation, SMART Technologies, ViewSonic Corporation, Others | |
Key Takeaways from the Market Report
- As of 2022, the global interactive display market value amounted to US$ 9.1 billion
- In 2023, a Y-o-Y growth rate of over 8% is expected, reaching a valuation of US$ 9.86 billion
- From 2023 to 2031, the market for interactive displays is anticipated to expand by 1.9x
- By product, interactive kiosks are expected to generate high sales, accumulating over 70% of revenue
- Interactive displays for educational purposes are expected to gain significant traction
- Applications in the BFSI sector to rise as well, expected to register a CAGR of over 8%
Global Interactive Display Market: Prevalent Trends & Growth Drivers
- Corporate and government sectors are leveraging interactive flat panel displays for various applications, ranging from presentations and meetings to collaboration and information dissemination. Interactive displays enable effective collaboration and communication among teams and departments.
- Rapid digitalization in the education sector is expected to open opportunistic frontiers for interactive display providers. Contemporary education institutions are integrating the usage of smartphones, tablets, laptops and touchscreen whiteboards to make the learning process more interactive and engaging
- A shift towards remote learning and business models in the wake of the COVID-19 pandemic has further prompted the integration of interactive displays in various end-use industries. The need for making the online ecosystem more engaging and interesting has led to increased usage of interactive displays
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Regional Analysis of the Interactive Display Landscape
- Service providers are likely to discover lucrative growth opportunities in the Asia Pacific. As per TMR’s projections, this region is likely to register a CAGR of over 10% until 2033. Extensive digitization of business and the education sector are contributing to the market’s fast growth
- North America is another region where players may find substantial growth opportunities. Nearly 41% of the global revenue is expected to be yielded by North America. Among all the industries, the education sector is poised to emerge as the most fruitful for interactive displays in forthcoming years
Competitive Landscape
The global interactive display landscape is comprised of a significant number of players, rendering the market highly competitive in nature. Prominent interactive display market players in TMR’s report include the following:
- Aaztec Solution
- Avocor
- BenQ
- Dell Inc.
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Horizon Display
- LG Electronics
- Panasonic Corporation
- Samsung Electronics
- Sharp Corporation
- SMART Technologies
- ViewSonic Corporation
Key Market Developments
- In June 2023, Avocor extended its partnership with Exclusive Networks (EN), an Asia Pacific-based digital infrastructure specialist. The companies intended to provide cutting-edge interactive collaboration solutions for Teams, Zoom, and Google Meets rooms, as well as packaged solutions for all types of video conference applications
- LG Electronics announced in June 2023 the introduction of a micro-LED display for virtual production in the United Arab Emirates. The company introduced its LG MAGNIT display, which deploys millions of self-lit pixels. The technology is a game changer for film and media production, capable of seamlessly blending virtual and live-action elements by displaying digitally-rendered images in real-time.
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Key Segments Profiled
By Product
- Interactive Video Wall
- Interactive Kiosk
- Interactive Whiteboard
- Interactive Table
- Interactive Monitor
By Screen Size
- Less Than 35 Inches
- 35 Inches to 70 Inches
- More Than 70 Inches
By Technology
- LCD
- LED
- OLED
- Others
By Application
- BFSI
- Retail
- Gaming & Entertainment
- Education
- Healthcare
- Transportation
- Hospitality
- Corporate
- Others
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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