Industry Outlook

Interactive whiteboards are slowly making their way through conventional blackboard teaching methods and are slowly changing the face of 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 created a growth wave in interactive whiteboard market and the market registered a value of US$ 3,351.3 Mn in 2017. Higher adoption rate and revolution in education systems expected to propel the market to touch US$ 5,027.7 Mn mark in 2029 growing with a rate of 4.6% throughout the forecast period from 2021 to 2029.

"Capacitive Whiteboards Ready to Snatch Share from Resistive Whiteboards"

Resistive interactive whiteboards current hold the leader tag in terms of market value in overall interactive whiteboard market. The work of this whiteboard is similar to the resistive type touch screen that allows stylus or finger touch as mouse pointer on the board. In addition, the cost of procurement, working, and maintenance of resistive type interactive whiteboards is quite competitive to other variants. However, Capacitive interactive whiteboards are emerging as new favorites in terms of technology. Such boards have higher sensitivity and good response compared to resistive type. The technology proved its metal in smartphones and tablets and supports multiple touches on the board. The aforementioned merits are driving the demand for capacitive interactive whiteboard a market and expected to take over other technologies in coming years.

"More Eyes on Rear Projection Whiteboards Predicting the Segment as Favorites in Coming Years"

Using front projection interactive whiteboards involves several issues including casting shadows on the board and flashing of light on the eyes of presenter. In the absence of alternatives, front projection made on the market and dominated the market in terms of market value. However, 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 projection interactive whiteboards projected to take over front projection whiteboards in coming years.

"Educational End-user Expected to Remain on the Top of the Podium"

The interactive whiteboard was introduced as an effective and interactive tool for corporate end-user, especially for conferences and meeting. However, educational institutes, colleges, and universities found much more potential in interactive whiteboards for learning and educational conveniences. Consequently, the components of educational end-users including pre-schools, schools, and colleges incorporated the interactive whiteboards on a considerable scale compared to corporate sector. Educational end-users tops the overall market value and expected to remain as the prime end-user throughout the forecast period from 2021 to 2029. Corporate and government end-user trails educational end-users segment in terms of market value.

"Modernization of Education System Helped North America to Emerge as the Dominant Region in Interactive Whiteboard Market"

North America is known for embracing new technologies with open arms and interactive whiteboard is not an exception. Schools and universities in the U.S. and Canada made a paradigm shift from conventional teaching methods to interactive whiteboards. This promoted the trend of e-learning which is now making an impact on the global education system. Besides, corporate sector in the U.S. and Canada already incorporated the technology as vital tool for business planning and administration. Following the steps, countries in Europe also incorporated such medium for better understanding of educational institutes and corporate sector. Consequently, Europe secured place next to North America in global interactive whiteboard market. Lack of awareness and infrastructure restrained Asia Pacific to register any remarkable growth in the market in 2020. However, the scenario is changing rapidly and the region projected to emerge as a promising market in coming years.

"Interactive Learning and Communication Giants Left Limited Opportunities for Small Entrants & New Players"

Some of the biggest names in communication, computing and learning sectors characterize global interactive whiteboard market. 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 into the market and claim their market share. Companies, big or small, 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 include business strategies and recent development of few of the most prominent players in iteractive whiteboards market includes 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 e Ticaret AS, PolyVision Corp., Promethean World plc, QomoHiteVision LLC, Seiko Epson Corp., Smart Technologies Inc., and Julong Educational Technology Co. Ltd. among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Interactive Whiteboards market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Interactive Whiteboards market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Interactive Whiteboards market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Interactive Whiteboards market?
• Which is the largest regional market for Interactive Whiteboards market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Interactive Whiteboards market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Interactive Whiteboards market worldwide?