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Home » Semiconductor and Electronics » Interactive Display Market Size, Growth Forecast | Report 2030

Interactive Display Market By display (Interactive Video Wall, Interactive Whiteboard, Interactive Kiosk, Interactive Monitor, Interactive Tables), By Panel Size (17–32, 32–65, 65 and above), By Panel Type (Flat, Flexible, Transparent), By Technology (LCD, LED, OLED, Others), By Application (Transportation, Education, Retail, Entertainment, Hospitality, Corporate, Healthcare, BFSI, Others), Global Report by Size, Industry Analysis & Forecast, 2021 - 2030.

Published On: Aug-2022   |   Base Year: 2021   |   No Of Pages: 135   |   Historical Data: 2017 - 2020   |   Formats: PDF   |   Report ID: 55409379

Report DescriptionTable of Contents

Industry Report and Statistics

The global interactive display market will witness a robust CAGR of 9.5%, valued at $35 billion in 2021, expected to appreciate and reach $79.21 billion by 2030, confirms Strategic Market Research. More than 25% of the global market was dominated and captured by North America in 2021. A mounted device known as an interactive display allows users to create eye-catching visual presentations and manage on-screen data using touchscreen interactions on a computer. Interactive LCD displays are appropriate for collaborative settings ranging from modest preschool classrooms to sizable corporate boardrooms and are available in several sizes. Since more than 75 percent of Americans own a cell phone and an estimated 90 percent of people in America own a smartphone of some kind, cutting-edge technology companies have created an interactive flat-panel display to assist educational and business professionals in maximizing the potential of communicating on a larger scale. Since the early 1990s, new interacting display technology has been gaining traction in corporations & educational institutions.

The first projector released in this sector allowed speakers to display the computer screen or a conference stream with the whole classroom or boardroom. These improvements over audio-only conference calls, paper handouts, and overhead projectors were unquestionably a step in the right direction, but they were ultimately constrained by input & ambient considerations. Today's interactive displays enable teachers and presenters to communicate information more precisely. The new technology enables the audience to enjoy a more engaging experience because of its touchscreen capabilities. Although there are still choices for classic keyboard and pen input, today's top interactive displays have multi-touch controllers that can recognize as many as twenty consecutive touch points. Nowadays, touch-sensitive displays are popular in the business and educational sectors. For instance, a study conducted by the California Department of Education, including 105 toddlers, found that those who used the new technique, where learning collaborates with interactive games through new interactive devices, performed better academically and had better abilities. Moreover, six study participants agreed that they wanted to play more, and nine of them agreed to play again. Furthermore, flexible display technologies are expanding and becoming popular. The touch screen displays also offer a high-quality range of solutions for various interactive technologies. Additionally, the display manufacturers will incorporate touchscreen panels for digital signs.

 

Key Industry Drivers - Digital Transformation in The Educational Field; Expanded Use of Interactive Screens in Corporate & Hospital Sector.

  • During the projection period, the interactive display market is anticipated to be driven by the hospitality & business sectors swiftly expanding the usage of touchscreen tables and video walls. The touchscreen table is a menu board to display prices, ingredients, and the wait time for custom orders. Additionally, it has been noted that using touchscreen tables in business meetings improves the experience for clients and employees. According to research conducted by SMR, it can be concluded that approximately 55 percent of organizations globally use interactive tables and video walls in their meetings. Additionally, using these new technologies has increased the engagement rate of the employees by more than 50 percent. Using such technologies in offices or business sectors makes better interaction between staff, management, and clients.

 

  • The employment of modern technologies in the education sector, such as touchscreen whiteboards and tables, projectors, kiosks, smartphones, tablets, and computers in the classroom, promotes engagement and motivation and makes the education experience more interactive, leading to higher levels of learning retention. Furthermore, by facilitating easy communication between teachers and students, these displays support the development of group learning, involvement, and creativity in the classroom. They also facilitate feedback between faculties and learners and among the learners themselves. For instance, a report by The Office of Science & Technology Policy states that approximately 75 percent of schools in the United States have adopted modern interactive display technologies to make the classes more interesting, effective, and interactive. Additionally, these display technologies enable instructors to incorporate graphics, video & audio clips into their classes. Because it enables them to study through pertinent digital content, students' tastes have been experiencing a paradigm shift in recent years in favor of digital learning.

 

  • The adoption of interactive display technologies has also been positively impacted by variables like internet usage and shifting technology preferences. The industry has grown due to the increased focus on gaming in the educational system. Gamification is said to be a powerful tool that enhances lecture delivery by combining teachings with interactive games and aids in the development of cognitive abilities and productive classroom engagement. According to reports published by the United States Department of Education, it can be stated that around 75 percent of the teachers in the United States utilize new learning techniques based on games to enhance the quality of the lessons they teach. Moreover, 65 percent of the learners find this new learning technique to be interesting and effective. Additionally, it makes it possible to subsume 3D characters and gaming elements into successful courseware to increase student engagement.

 

Restraints - High Initial Cost.

  • The hospitality and educational sectors are anticipated to see significant growth in the use of interactive & touch tables, among other interactive display devices. The product's strong growth potential is constrained by factors, including its high price and limited availability. Although there is a market for touch tables, most customers prefer their tables to be tailored to the requirements of their particular industries and surroundings. As a result, making a single customized touch table every time becomes extremely complicated and expensive.

 

Opportunities - Whiteboards With Interactive Elements That Use Artificial Intelligence; Growth of The Touch-Based Device Trend

  • Due to the quick development of technology, businesses concentrate on innovation to offer diversity and extra features in their products. To make the traditional interactive whiteboard more engaging and user-friendly, researchers connected to various firms which concentrate on incorporating new technologies into it. One such technology that offers enormous prospects for the interactive display market for interactive whiteboards to expand is artificial intelligence. For instance, the TD2455 24-inch monitor, a revolutionary 10-point touch display from ViewSonic, was released in December 2019. This device offers more hands-on command for interactive classrooms and more effective workspaces. Artificial Intelligence & excellent ergonomic design are to be thanked for the effective classrooms and workspaces.

 

  • Because touch-based gadgets are more accessible, there is an escalation in the variety of devices with touch sensors. The proliferation of display devices is aided by the fact that touch-based devices need a display panel to function. Therefore, many home appliances, including chimneys, refrigerators, washing machines, and microwaves, are equipped with touch-sensitive displays. The automotive sector has also increased the provision of sophisticated display devices in vehicles, such as heads-up displays, navigation systems, digital rear-view mirrors, and others. For instance, Envisics, a supplier of virtual reality head-up displays, received a strategic investment from Hyundai Mobis in October 2020. (AR HUD). The development of a dedicated AR HUD for autonomous driving by Hyundai Mobis & Envisics is anticipated to reach mass production by 2025. Additionally, due to the intricate and robust architecture of commercial structures like malls, entertainment centers, & others, digital and touch-based displays have expanded. This will act as an opportunity for future market development.

 

Market Analysis Of Different Segments Covered in the Report

Based on Display:

  • Interactive Video Wall

  • Interactive Whiteboard

  • Interactive Kiosk

  • Interactive Monitor

  • Interactive Tables

 

Based on Panel Size

  • 17–32”

  • 32–65”

  • 65” and Above

 

Based on Panel Type

  • Flat

  • Flexible

  • Transparent

 

Based on Technology

  • LCD

  • LED

  • OLED

  • Others

 

Based on Application:

  • Transportation

  • Education

  • Retail

  • Entertainment

  • Hospitality

  • Corporate

  • Healthcare

  • BFSI

  • Others

 

Regional Coverage Analysis

North America

  • Canada

  • United States

 

Europe

  • France

  • Germany

  • United Kingdom

 

Asia Pacific

  • Japan

  • India

  • China

 

Latin America

  • Mexico

  • Brazil

 

Africa & Middle East

 

Display Analysis & Insights

The manufacturers offer five main forms of interactive display screens: video walls, whiteboards, kiosks, monitors & tables. In 2021, the interactive kiosk market category had a share in the market of more than 72 percent. Advanced infrared technology is widely used for temperature detection and quick detection of hot spots. The rise in the need for interactive technologies in different sectors is responsible for this segment's expansion. Businesses may provide excellent customer service even during busy business hours by using touch-enabled automated teller machines (ATMs), smart vending machines, or any other interactive service options. Additionally, the growing usage of kiosks in the service or product delivery industry has enabled businesses to offer clients various customized plans at affordable and cheap delivery rates. From 2021 to 2030, the interactive video wall market is anticipated to grow at the fastest Compound Annual Growth Rate of 11.7 percent. The deployment of interactive video walls in healthcare institutions is becoming more and more prominent, which is what propels the industry. For instance, to optimize the overall experience and service delivery, vital information about healthcare facilities and doctors is delivered via touchscreen video walls and monitors. Additionally, pro-technology lifestyles and growing consumer desire for higher quality in these video walls propel product adoption among end users.

 

Application Analysis & Insights

The sector has been segmented into transportation, education, retail, entertainment, hospitality, corporate, healthcare, BFSI, and Others. With a 32.2 percent market share in 2020, the Banking, Financial Service, and Insurance sector dominated the industry. Due to the growing popularity of touch-based devices, increased use of interactive kiosks, and the increased demand for interactive tables, it is projected that the need for touch-enabled displays will rise in the retail industry over the next few years. For example, several major retail store chains, like Walmart, have begun to deploy interactive technologies to display product prices and specifications, improving the in-store experience for customers. All industry participants of the interactive display market may expect the retail sector to boom and provide significant growth prospects as more commercial spaces, including shopping malls, are opening up. In the near future, it is also projected that the growing adoption of self-service technologies, including automated teller machines (ATMs), check scanners, and cash deposit devices, will accelerate the segment's growth. Additionally, the introduction of kiosks has been a significant advancement in the transportation industry, contributing to the expansion of that sector. Travel locations are promoted, important information is organized and presented, and difficult duties like recording transactions, dispensing travel coupons, and reservations are performed via multimedia kiosks. It is estimated that over the anticipated period, the corporate segment will have significant expansion. This expansion is linked to the increased use of smart boards in business. These whiteboards are used to implement product development phases in conference rooms and business meetings. The interactive whiteboard currently contains a capability that connects to the company network, allowing several distant users to view the screen remotely. Additionally, users can directly save digital content, such as notes and documents, to a server for later use.

 

Region Analysis & Insights

In 2020, North America accounted for the highest share at around 27 percent. The rise can be ascribed to the significant number of restaurants utilizing interactive technologies worldwide, including in the United States & Canada, and the presence of touch table solution suppliers. Currently, the United States controls a large portion of North America's market. In the United States, touch tables are widely used in government, business, retail, and education. Over the forecast period, Asia Pacific is anticipated to experience the quickest growth. The rise in the market share can be ascribed to a large population that is internet literate and rising investments in digital schools. Additionally, several IT firms are selling interactive solutions in China, making the APAC region's local market players and small & medium-scale businesses active contributors to the global market. For instance, Ideum, a market participant offering interactive tables, recently unveiled the Pico Touch Table. The table is specifically intended for semi-public & public areas. The Pico Touch Table offers USB, Bluetooth 5, Wi-Fi, HDMI, and an audio jack. The European market is anticipated to grow significantly over the next few years due to the growing use of these technologies in educational institutions.

 

Interactive Display Market Report Coverage

Report Attribute

Details

Forecast Period

2021 - 2030

The market size value in 2021

USD 35 Billion

The Revenue forecast in 2030

USD 79.212 Billion

Growth rate

9.5 %

The base year for estimation

2021

Historical data

2017 - 2020

Segments Covered

Application, Region, Display, Panel Size, Panel Type, Technology

Regional scope

  • North America

  • Latin America

  • Europe

  • Asia-Pacific

  • Middle East & Africa

Key companies profiled

Cisco Systems Inc., BenQ Corporation, Epson America Inc, Samsung Display Co. Ltd., Google Inc., Crystal Display Systems Ltd., Microsoft Corp, Planar Systems Inc., SMART Technologies, IntuiLab SA, Egan Teamboard Inc., Panasonic Corporation, NEC Display Solutions Ltd., LG Display Co. Ltd., ViewSonic Corporation

 

Interactive Display Market Analysis of Competitive Landscape:

The research has provided a list of significant market participants for interactive displays around the world, including:

  • Cisco Systems Inc.

  • BenQ Corporation

  • Epson America Inc

  • Samsung Display Co. Ltd.

  • Google Inc.

  • Crystal Display Systems Ltd.

  • Microsoft Corp

  • Planar Systems Inc.

  • SMART Technologies

  • IntuiLab SA

  • Egan Teamboard Inc.

  • Panasonic Corporation

  • NEC Display Solutions Ltd.

  • LG Display Co. Ltd.

  • ViewSonic Corporation

 

Recent Developments:

  • On 3rd August 2022, with the introduction of Signtouch, powered by Samsung, a ground-breaking digital sales center solution and a member of the Sign Build group of companies, can provide new homebuilders with improved development advertising, content management, customer experience, footfall analytics, & sales performance through a single, user-friendly interactive platform. Netizen preferences for experiencing a new housing complex and, eventually, for researching and purchasing a new house are changing quickly. Consumers no longer accept homogenized sales experiences; instead, they demand personalized, multi-channel, and interactive experiences at every stage, as retail data analytics reveals.

 

  • On 21st June 2022, Boxlight Corporation, a top supplier of digital signage, interactive technology, and classroom audio, announced the release of its newest type of interactive display, the MimioPro 4. With features and tools to improve learning, increase communication & collaboration, and support hybrid and distant learning, the MimioPro 4 interactive display is made to assist educators in making the most of their educational technology ecosystem.

 

  • On 6th June 2022, at ISTELive 2022 in New Orleans, Samsung Electronics America, Inc. presented the 2022 Samsung Flip Pro, a brand-new interactive display, as a glimpse into the future of education. The name of the model is WMB. The Flip Pro, which comes in two substantial 75- and 85-inch sizes, allows teachers to provide engaging lessons and encourage students.

 

  • On 28th September 2021, Amazon unveiled Amazon Glow, a brand-new interactive device geared for families that enable kids to communicate with distant relatives and other loved ones via video calls. Amazon Glow competes with Facebook's series of Portal gadgets, which are also primarily designed to bring families together over video. To give the impression of an in-person experience, it also uses technology to generate an interacting, projecting space in front of the device that serves as a surface for virtual activities like games, painting, puzzles, and more.

 

  • The Ministry of Trade, Industry, and Energy, South Korea (MOTIE) has chosen LG Display to head a national project to create stretchable displays starting in June 2020.

 

Important Industry Players Produce a Range of Devices, Including:

Product

Feature

Company

Amazon Glow

Features:

  • 8" touchscreen with great definition.
  • Touch-sensitive projection of 19.2"
  • Projector and profile cameras in 720p HD with an integrated shutter.

Amazon

Interactive Digital Board

Features:

  • 350 nit of brightness (with Glass)
  • IR Multi Touch Point: Max 20 Points Touch Type

LG Display Co. Ltd.

TR3DJ Series

Features:

  • 350 nits of brightness
  • IR Multi Touch Point: Max 20 Points Touch Type

LG Display Co. Ltd.

 

Frequently Asked Question About This Report

b: Based on Display, the five main forms of interactive display screens offered by manufacturers are video walls, whiteboards, kiosks, monitors & tables. In 2021, the interactive kiosk market category had a share in the market of more than 72 percent and was anticipated to have the highest growth throughout the projected period.

b: More than 25% of the global market was inherited by North America in 2021 and is poised to account for the highest growth throughout the projected period.

b: The global interactive display market is expected to grow at a compound annual growth rate (CAGR) of 9.5% from 2021 to 2030 to reach USD 79.21 billion by 2030.

b: The key drivers for the growth of the Interactive Display Market are as follows: Digital transformation in the educational field. Expanded use of interactive screens in corporate & hospital sectors.

b: The global interactive display market size was $35 billion in 2021 and is expected to reach a value of $79.212 billion by 2030.

b: Based on Application, the market has been divided into transportation, education, retail, entertainment, hospitality, corporate, healthcare, BFSI, and Others.

Sources

https://www.showhouse.co.uk/news/signtouch-partners-with-samsung-to-bring-digital-sales-centre-technology-to-uk-housebuilders/

https://mimio.boxlight.com/pr-boxlight-announces-new-app-for-broadcasting-alerts/

https://www.frontiersin.org/articles/10.3389/feduc.2021.623793/full