The global interactive whiteboard market is expected to rise in the coming years. This is attributed to the increasing adoption of developed learning methods by educational institutes as well as organizations. The interactive whiteboard offers an engaging, adaptive, and user-friendly knowledge experience, thereby gaining popularity within different sectors.
The The increasing demand for digital classrooms and gamification is likely to fuel the growth of the Interactive Whiteboard market is expected to grow at a CAGR of 6.25% to reach US$ 7.25 Bn. in 2027.
The evolvement of e-learning courses and virtual classrooms has resulted in a growing demand for interactive whiteboards. The e-learning industry has experienced a substantial growth in the past decade owing to the rapid advancements of communication, digitization, and other technological evolvements that are easily available and cost-effective for a broader audience. Additionally, enormous investments within the advancements of mobile learning application and digital content, Information & Learning Technology (ILT) infrastructure in colleges, as well as national training initiatives have transmuted the conventional teaching and chalk & board learning methods.
The integration of cloud storage and Artificial Intelligence (AI) is expected to drive the market over the forecast period.
The rising trend of gamification within the education system is anticipated to drive the industry growth from 2020 to 2025. The interactive whiteboards have witnessed a remarkable demand through the education sector since it enables the teachers in demonstrating theories with improved visualization using graphics and images sourced through the internet. Several government initiatives intended at the revolution of traditional chalk & board classrooms into digital boards are likely to augment the demand.
On the other hand, the significance of e-learning and virtual learning environments are anticipated to be a few of the key trends related to the industry growth. For example, in January 2018, the government of India announced to offer a digital operation board in several government schools throughout the nation to empower students with stirring learning and improve education quality.
The resistive membrane is one of the emerging technology for Interactive Whiteboard Market
Based on the technology segment, the resistive membrane possess the largest market share in 2019. The resistive membrane-based products include touch-based interfaces and can be operated with the help of a stylus or finger. The interactive whiteboards equipped with resistive technology adds a cost-effective benefit to the interactive whiteboards, thus, boosting its demand. On the other hand, infrared-based whiteboards are durable and easy to operate compared with other technology such as capacitive or membrane interactive whiteboards. Interactive whiteboards equipped with this technology ensures multi-touch functionality and are widely used in training rooms, corporate boardrooms, classrooms, among others.
North America holds the largest market share for the interactive whiteboard market
North America possesses the largest share within the interactive whiteboard market over the forecast period. This is attributed to a substantial adoption of several touch-technology based interactive whiteboards within the region, especially in the U.S. corporate, government, and education sectors. Additionally, some of the major key industry players that include Google, Cisco, Smart technologies, Qomo, and Egan Teamboard, are located in the U.S. the interactive whiteboard market within the Asia Pacific region is anticipated to grow at the highest growth rate in the next five years. Massive investments backed with various government initiatives undertaken in the developing regions that include India, China, Japan, Singapore, and others, is likely to promote the growth of the industry over the forecast period.
Key Market Players
• BenQ Corporation
• Boxlight Corporation
• Cisco Systems, Inc.
• Computek International
• Guangzhou Vision Electronic Technology Co., Ltd. (CVTE)
• Egan Teamboard Inc.
• Google Inc.
• Hitachi, Ltd.
• Julong Educational Technology Co., Ltd.
• Microsoft Corporation
• MTC Technologies
• Panasonic Corporation
• Promethean Limited
• Ricoh Company, Ltd.
• Smart Technologies ULC
• Vestel Elektronik Sanayi Ve Ticaret AS
Interactive Whiteboard Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2027||US$ 7.25 Bn.|
|Growth Rate||CAGR of 6.25 % during 2021-2027|
|Segment Covered||by Screen Size, Technology, End User, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||BenQ Corporation; Boxlight Corporation; Cisco Systems, Inc.; Google Inc.; and Microsoft Corporation|
Key Segment Of The Interactive Whiteboard Market
by Technology Outlook, 2020-2027 (USD Million)
• Resistive Membrane
• Electromagnetic Pen
by Form Factor, 2020-2027 (USD Million)
• Fixed Projection
• Portable Projection
by End-User, 2020-2027 (USD Million)
Regional Overview, 2020-2027 (USD Million)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
Middle East and South Africa