Interactive Whiteboards Market By Technology (Capacitive Whiteboard, Electromagnetic Whiteboard, Optical Whiteboard), By Projection (Front Projection, Rear Projection), By End-users (Educational, Corporate, Government, Others) - Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026

Industry Outlook

Interactive whiteboards are slowly making their way through conventional blackboard teaching methods and are slowly changing the face of the modern education system. Realizing the power of interactive learning, several educational institutes, colleges, and universities are replacing their blackboards and simple whiteboards with advanced interactive whiteboards. This fueled growth in the interactive whiteboard market, which reached a value of $3,351.3 million in 2017. Higher adoption rates and a revolution in education systems are expected to propel the market to the $5,027.7 million mark in 2026, growing at a 4.6% CAGR from 2018 to 2026.

Market Synopsis

Capacitive Whiteboards Are Getting Ready to Take Over Resistive Whiteboards

In terms of market value, resistive interactive whiteboards currently lead the interactive whiteboard market. The work of this whiteboard is similar to that of a resistive touch screen that allows a stylus or finger to touch as a mouse pointer on the board. In addition, the cost of procurement, installation, and maintenance of resistive-type interactive whiteboards is quite competitive with other variants. However, capacitive interactive whiteboards are emerging as new favorites in terms of technology. Such boards have higher sensitivity and better response compared to resistive types. The technology has been demonstrated in smartphones and tablets, and it supports multiple touches on the board. The aforementioned merits are driving the demand for capacitive interactive whiteboards on the market and are expected to take over other technologies in the coming years.

More eyes on rear projection whiteboards predict the segment will be a favorite in the coming years.

Using front-projection interactive whiteboards involves several issues, including casting shadows on the board and flashing lights in the presenter's eyes. In the absence of alternatives, the company made a front projection onto the market and dominated the market in terms of market value. However, a rear-projection interactive whiteboard projects images from behind onto the boards. This helped in overcoming the aforementioned drawbacks of front-projecting whiteboards, and hence, rear-projecting interactive whiteboards are projected to take over front-projecting whiteboards in the coming years.

End-User Education Is Expected to Remain on the Podium

The interactive whiteboard was introduced as an effective and interactive tool for corporate end-users, especially for conferences and meetings. However, educational institutes, colleges, and universities found much more potential in interactive whiteboards for learning and educational conveniences. Consequently, the components used by educational end-users, including pre-schools, schools, and colleges, incorporated interactive whiteboards on a considerable scale compared to the corporate sector. Educational end-users top the overall market value and are expected to remain the prime end-user throughout the forecast period from 2018 to 2026. Corporate and government end-users trail educational end-users in terms of market value.

The modernization of the educational system has aided North America in becoming the dominant region in the interactive whiteboard market.

North America is known for embracing new technologies with open arms, and the interactive whiteboard is no exception. Schools and universities in the U.S. and Canada have made a paradigm shift from conventional teaching methods to interactive whiteboards. This promoted the trend of e-learning, which is now having an impact on the global education system. Besides, the corporate sector in the U.S. and Canada has already incorporated technology as a vital tool for business planning and administration. Following suit, European countries incorporated such mediums for a better understanding of educational institutions and the corporate sector. Consequently, Europe secured second place next to North America in the global market for interactive whiteboards. Lack of awareness and infrastructure restrained Asia-Pacific from registering any remarkable growth in the market in 2017. However, the scenario is changing rapidly, and the region is projected to emerge as a promising market in the coming years.

Market Segmentation

Interactive Learning and Communication Giants have left few opportunities for newcomers and small entrants.

Some of the biggest names in the communication, computing, and learning sectors characterize the global market for interactive whiteboards. The participation of these companies made the market scenario highly competitive and fragmented in nature. The situation created several hindrances for new and local players to enter the market and claim their market share. Companies, big or small, are striving to innovate their existing products and are trying to make long-term agreements with universities, colleges, and corporate offices to claim their market share. The research study includes the business strategies and recent developments of a few of the most prominent players in the interactive whiteboard market, including Samsung Electronics Co. Ltd., Cisco Systems, Inc., Hitachi Ltd., Panasonic Corp., Microsoft Corporation, Google, Inc., LG Electronics Ltd., Sharp Corp., BenQ Corp., Vestel Elektronik Sanayi ve Ticaret AS, PolyVision Corp., Promethean World plc, QomoHiteVision LLC, Seiko Epson Corp., Seiko Epson Corp., and Julong Educational Technology Co. Ltd., among others.

Key questions are answered in this report.

  • What are the most recent trends in the market for interactive whiteboards and possible opportunities for the players?
  • What impact will e-learning and interactive education have on the global and regional markets for interactive whiteboards?
  • Which is the largest and fastest-growing segment in terms of technology, projection, and end-users?
  • Which geographical regions or countries are the most profitable for the overall market for interactive whiteboards?
  • What are the market sizes and trends in developing regions such as the Asia Pacific, the Middle East, Africa, and Latin America?

Frequently Asked Questions:

The market for Interactive Whiteboards Market is expected to reach US$ 5,027.7 Mn by 2026.

The Interactive Whiteboards Market is expected to see significant CAGR growth over the coming years, at 4.6%.

The report is forecasted from 2018-2026.

The base year of this report is 2016.

Microsoft Corporation, Google, Inc., LG Electronics Ltd., Sharp Corp., BenQ Corp., Vestel Elektronik Sanayi ve Ticaret AS, PolyVision Corp., Promethean World plc, QomoHiteVision LLC, Seiko Epson Corp., Seiko Epson Corp are some of the major players in the global market.

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Published Date:  Oct 2018
Category:  Technology & Media
Report ID:   59379
Report Format:   PDF
Pages:   120
Rating:    4.1 (58)
Delivery Time: 24 Hours to 48 Hours   
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