In 2019, the global interactive whiteboard market was worth USD 1.6 billion. This number is expected to grow at 7.6% CAGR between 2020 and 2027. The interactive whiteboard market is being positively affected by the adoption of advanced learning techniques. The market will be further driven by the growing demand for digital classrooms and gamification, as well as the popularity of interactive whiteboards with AI. Interactive whiteboards offer a flexible, engaging, and user friendly learning experience. They are becoming increasingly popular in various sectors, including education, government, and corporate.
The traditional classroom has been transformed by digital learning. There has been a rise in global demand for interactive whiteboards due to the emergence of virtual classrooms. Over the past decade, the e-learning market has seen significant growth. The rapid development of digital communication and other technological advances that are cost-effective, accessible to a wider audience, has contributed to this growth. Additionally, large investments in Information and Learning Technology infrastructure (ILT) in colleges, the development of digital content and apps for learning, and national training initiatives have transformed traditional chalk and paper learning and teaching methods.
The market for interactive whiteboards will be driven by the increasing use of gamification in education over the forecast period. IWBs are becoming more popular in education because they allow teachers to demonstrate concepts through enhanced visualization using images and graphics from the internet.
The IWB market is expected to see several government initiatives that aim to transform traditional chalkboard classrooms into digital ones. This, along with the growing importance of virtual learning and the increasing importance of e-learning environments, are some of the key trends. In January 2018, for example, the Indian central and state governments announced that they would provide digital operation boards in various schools in the country in order to improve education quality and to empower students with an exciting learning experience and 360-degree information.
Employees must be provided with adequate training by their employers. Training and development activities can be costly, whether they are conducted online or in a classroom setting. Companies and organizations could save up to half of the traditional instructor-based training programs by using e-learning solutions, as well as up to 60% on training time. The IWB market will be driven by the increasing popularity of IWBs within the corporate sector and large investments made by small and medium businesses in technological advances.
Technology can be divided into resistive membrane (infrared), electromagnetic pen, capacitive and other segments. In 2019, the resistive membrane segment was the dominant market. It is expected to grow at an annual CAGR of more than 7% and exceed USD 1000 millions by 2027. Interactive whiteboards made of resistive membranes can be operated entirely with a finger or stylus. They also support touch-based interactions. The cost-effectiveness factor will drive the growth of interactive whiteboards with resistive technology in the forecast period.
The infrared sector is expected to grow at a rate of 6.5% during the forecast period. Infrared-based IWBs can be operated easily and last longer than other technology-based IWBs like capacitive or resistive membrane. This technology allows for multi-touch functionality. IWBs are widely used in classrooms, training rooms, corporate boardrooms, and other areas. This type of interactive whiteboard will continue to grow in demand due to its well-received acceptance.
The form factor segment can be divided into sub-segments like fixed and portable. The market share of portable IWBs was 47%, and it is expected to grow at the fastest rate during the forecast period. The portable IWBs can be used for last-minute presentations on business trips. The portable IWBs don't require external support and surfaces. They also support multi-touch functionality. These advantages make portable IWBs very popular among consumers. The market for portable interactive whiteboards is likely to grow significantly.
Over the forecast period, the fixed segment will also grow at a substantial rate. The growth can be attributed to several features, such as high resolution and high image quality, low latency times, and more precise and responsive interactivity. Fixed IWBs can be used with most existing projectors and computer setups. These IWBs are robust in design and can be used with existing equipment without any upgrades. This will drive demand for fixed interactive whiteboards over the forecast period.
There are two types of projection techniques: rear projection and front projection. In 2019, the market share for interactive whiteboards in front projection was more than 60%. It is expected to continue growing at a rapid pace between 2020 and 2027. Video projectors are available for interactive whiteboards with front projection technology. These IWBs have one major problem: the presenter must extend their arm to avoid shadow casting.
Rear projection interactive whiteboards are forecast to grow at a rate of 9.5% annually over the forecast period. Rear projection eliminates the shadow of the presenter behind an interactive whiteboard. It also solves a major concern with front-projection IWBs. The presenter must face the projector in order to communicate with the audience. Rear projection interactive whiteboards are more expensive than front board projectors. They are also often larger, which makes installation tedious.
The application segment can be divided into corporate, commercial, or education. Manufacturers of IWBs are expected to make a lot of money in the education market. Teachers can create custom learning objects using existing content to provide students with a visual experience. IWBs increase student participation in knowledge sharing sessions, group discussions, and eliminate the need to take down notes. These factors will drive the market for interactive whiteboards over the forecast period.
In 2019, the corporate segment held more than 15% of global market share. The corporate sector is seeing an increase in the use of interactive whiteboards. This is because professionals working in conference rooms and corporate meetings make use of whiteboards during product planning and design. The interactive whiteboard can be connected to a company network, which allows remote users to see the screen. Remote users can also save digital content, such as notes, documents and photos, to a server directly for future reference.
Europe was the dominant market for interactive whiteboards in 2019, accounting for more than 35% global market share. Because the U.K. education sector is open and willing to adopt new technologies, it is one of the largest consumer markets for IWBs. The demand for interactive whiteboards is also being driven by the growing adoption of blended learning at educational institutions. These factors have contributed to the increase in the European market for interactive whiteboards.
Asia Pacific will see the fastest growth during the forecast period with a CAGR exceeding 9.5%. In emerging countries like India and Japan, there has been a rise in demand for interactive whiteboards. The demand for IWBs is expected to rise due to a growing trend, such as the integration of classrooms with different technologies in order to make learning easier. The presence of key players like Panasonic Corporation, LG Display Co., Ltd, SAMSUNG ELECTRONICS CO., LTD, and SHARP CORPORATION is expected to drive significant growth in the region.
This market is extremely consolidated and is characterised by intense competition due to the presence of global players like BenQ Corporation, Boxlight Corporation, Cisco Systems Inc.; Google Inc. and Microsoft Corporation. To increase their product portfolios and gain market share, market players focus on the introduction of new products to the market. In May 2017, Panasonic Corporation launched two touchscreen interactive displays: a 4K direct display with a 75-inch LED panel, and a full HD direct–LED with 65-inch panels. This was done in an effort to make whiteboard digital communication more affordable. These interactive whiteboards can be operated by multiple users simultaneously and can also be used to perform group activities.
These market players particularly focus on entering into mergers and acquisitions and joint ventures/collaborations in order to enhance their market presence. EOSEDU, LLC was acquired by Boxlight Corporation in September 2018. EOSEDU, LLC provides consulting services for K-12 education. Boxlight Corporation hopes to increase its profit margin through this acquisition and to offer a complete suite of education technology products. Due to intense competition, market players have begun to focus on low-cost solutions in order to gain an edge in the interactive whiteboard market.
This report predicts revenue growth at both the country and global levels. It also provides analysis of industry trends for each sub-segment from 2016 to 2027. Grand View Research has divided the global interactive whiteboard market report by technology, form factor and projection technique.
Technology Outlook (Revenue USD Million, 2016-2027)
Infrared
Resistive Membrane
Electromagnetic Pen
Capacitive
Other
Form Factor Outlook (Revenue USD Million, 2016-2027)
Fixed
Portable
Projection Technique Outlook (Revenue, USD Million, 2016 - 2027)
Front Projection
Rear Projection
App Outlook (Revenue USD Million, 2016-2027)
Education
Corporate
Commercial
Other
Regional Outlook (Revenue USD Million, 2016-2027)
North America
The U.S.
Canada
Europe
The U.K.
Germany
Asia Pacific
China
India
Japan
Korea
Indonesia
Australia
Latin America
Brazil
Mexico
Middle East & Africa
b. Global interactive whiteboard market was valued at USD 1,591.9 Million in 2019, and is forecast to grow to USD 1,681.5 Million in 2020.
What is the growth rate of the interactive whiteboard market?b. Global interactive whiteboard sales are expected to increase at a compound annual rate of 7.6% between 2020 and 2027, reaching USD 2,804.3 millions by 2027.
Which segment had the largest share of the interactive whiteboard market?b. With a market share of 50.6%, the interactive whiteboard market was dominated by portables IWBs in 2019. This can be attributed to the multi-touch functionality and mobility of portable IWBs.
What are the main players in the interactive whiteboard marketb. BenQ Corporation, Boxlight Corporation, Cisco Systems, Inc., Google Inc., and Microsoft Corporation are some of the key players in the interactive whiteboard market.
What are the driving factors for the interactive whiteboard marketb. The demand for digital classrooms and gamification, combined with increasing interest in AI-based interactive whiteboards, are key factors driving market growth for interactive whiteboards.
Up Market Research published a new report titled “Interactive Whiteboard Market research report which is segmented by Technology (Electromagnetic Pen, Resistive Membrane), By Players/Companies BenQ Corporation; Boxlight Corporation; Cisco Systems, Inc; Google Inc; and Microsoft Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Interactive Whiteboard Market Research Report |
By Technology | Electromagnetic Pen, Resistive Membrane |
By Companies | BenQ Corporation; Boxlight Corporation; Cisco Systems, Inc; Google Inc; and Microsoft Corporation |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 222 |
Number of Tables & Figures | 156 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Technology (Electromagnetic Pen, Resistive Membrane).
Interactive Whiteboard Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Interactive Whiteboard Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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