Interactive Whiteboard Market Analysis Report By Technology, By Form Factor, By Projection Technique, By Application, By Region And Segment Forecasts From 2020 To 2027

Industry Insights

The global interactive whiteboard market size was generated revenue of USD 1.6 billion in 2019. It is expected to witness growth with a 7.6% CAGR over the forecasted years, 2020 to 2027. This growth can be associated with the shifting trend towards the adoption of advanced technologies for enhanced learning. Moreover, surging demand for digital classrooms and gamification is projected to drive market growth in the upcoming years.

The shifting trend towards digital learning coupled with the rising number of e-learning courses and virtual classrooms have paved the way for interactive whiteboards across the globe. Also, factors such as the emergence of digitalization, communication, and technological advancements are contributing to market growth. Moreover, huge investments being made across the ILT (Information & Learning Technology) sector for enhancing learning methods across colleges coupled with the emergence of mobile applications and digital content are expected to drive the market growth.

The rising interest in gamification is prevailing among the millennial population which is projected to fuel demand for the interactive whiteboard in the upcoming years. Also, their feature to provide aid to the teachers for demonstrating concepts and enhancing visualization by graphics and images is gaining popularity.

Several governments are conducting initiatives to transform regular blackboard classrooms with digital ones. For example, the State and Central Indian Governments have collaborated for providing digital operations across colleges and schools. Moreover, the need for providing adequate training to employees and presentations is gaining traction across corporate offices thereby driving the market for interactive whiteboards.

Technology Insights

The technology segment of the resistive membrane dominated the global IWB market. It is also expected to generate revenue exceeding USD 1000 million until 2027 with a 7.0% CAGR from 2020 to 2027. This growth can be attributed to the feature of supporting interactions that are touch-based coupled with their operation by finger or stylus.

The segment of infrared is also anticipated to register 6.5% CAGR during the forecasted years, 2020 to 2027. This can be associated with their feature of easy operation and durability as compared to other types. Their salient feature of multi-touch functionality makes them useful across classrooms, training rooms, and corporate boardrooms.

Form Factor Insights

In 2019, the segment of the portable form factor held a share of around 47.0% across the global market. It is also anticipated to witness the highest growth in the upcoming years. This can be attributed to their surging usage for giving last-minute presentations. Also, other features like no requirement of external support and functionality of multi-touch are anticipated to drive the market growth for portable form factor IWBs.

The segment of fixed form factors is also expected to register a substantial growth rate in the upcoming years. This can be associated with its features like less latency time, high image resolution, responsive and accurate interactivity. These IWBs offer a good aspect ratio, are user-friendly, and support the majority of projectors and other computer setups. Moreover, other features like robust design and effective functioning without getting self upgraded are further expected to drive their market demand in the upcoming years.

Projection Technique Insights

The front projection segment dominated the global market with a share of around 60% in 2019. It is also expected to register the highest CAGR in the upcoming years. These whiteboards are equipped with projectors that are driving their market demand across the globe. But, the requirement of arm extension by the presenter acts as a hindrance in the display on these boards.

The rear projection segment is also expected to witness significant growth with 9.5% CAGR during the forecasted period, 2020 to 2027. It can be attributed to its feature of identifying and eliminating the presenter’s shadow located behind the board. But, these boards are more expensive and are difficult to install as compared to the front projection boards.

Application Insights

In 2019, the application segment of education dominated the global interactive whiteboards market. This growth can be attributed to the rising adoption of these products by several educational institutions that allow teachers to customize learning methods and objects. It is also becoming popular among students due to the real-time visual experience which is reducing the need for noting down the syllabus in notebooks.

The corporate application segment also held a significant share of around 15% across the global market. This can be attributed to the rising usage of these boards in conference rooms and office meetings for analyzing, planning, and designing various product deployment stages. Also, its feature of connecting a screen that enables remote users to view the screen is expected to drive market growth in the upcoming years.

Regional Insights

In 2019, Europe held the largest share of 35.0% across the global market. This growth can be attributed to the developing education sector across the U.K. coupled with rapid technological advances being made for promoting education. Further, rising blended learning adoption among educational institutes is projected to fuel the demand for interactive whiteboards.

Asia Pacific is anticipated to register the highest growth with 9.5% CAGR during the forecasted years, 2020 to 2027. This can be associated with the initiatives for e-learning being undertaken across developing countries like India and Japan. Also, the rising presence of key players like LG Display Co., Ltd, SHARP CORPORATION, and Panasonic Corporation across this region is expected to drive market growth in upcoming years.

Interactive Whiteboard Market Share Insights

The key players in this market are Boxlight Corporation; BenQ Corporation; Google Inc.; Cisco Systems, Inc.; Computek International, Microsoft Corporation, and Panasonic Corporation. These players are engaged in launching several products to gain a competitive advantage over other players. For example, Panasonic Corporation had launched a 75-inch 4K direct panel and 65-inch full HD LED. Further, the feature of operating these interactive boards by multiple users is also projected to drive the demand for whiteboards in the upcoming years.

These players are also focusing on implementing several marketing strategies like collaborations, ventures, acquisitions, and mergers for widening their product reach. For example, EOSEDU, LLC was acquired by Boxlight Corporation in 2018. With this acquisition, Boxlight Corporation is aiming at providing a comprehensive educational suite with the help of advanced technology.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends from 2014 to 2025 in each of the sub-segments. For the purpose of this study, Million Insights has segmented the global interactive whiteboard market report based on technology, form factor, projection technique, application, and region:

• Technology Outlook (Revenue, USD Million, 2016 - 2027)
    • Infrared
    • Resistive Membrane
    • Electromagnetic Pen
    • Capacitive
    • Others

• Form Factor Outlook (Revenue, USD Million, 2016 - 2027)
    • Fixed
    • Portable

• Projection Technique Outlook (Revenue, USD Million, 2016 - 2027)
    • Front Projection
    • Rear Projection

• Application Outlook (Revenue, USD Million, 2016 - 2027)
    • Education
    • Corporate
    • Commercial
    • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2027)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • the Asia Pacific
        • China
        • India
        • Japan
        • Korea
        • Indonesia
        • Australia
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa