Interactive Whiteboard Market (By Technology: Infrared, Resistive Membrane, Electromagnetic Pen, Capacitive; By Form Factor: Fixed, Portable; By Projection Technique: Front Projection, Rear Projection; By Application: Education, Corporate, Commercial, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Published Date : Oct 2021 | No. of Pages : 150+ Pages | Category : Semiconductor and Electronic

The global interactive whiteboard market size is expected to be worth around US$ 5.8 billion by 2030, according to a new report by Vision Research Reports.

The global interactive whiteboard market size was valued at US$ 3.6 billion in 2020 and is anticipated to grow at a CAGR of 8.6% during forecast period 2021 to 2030.

Interactive Whiteboard Market Size 2021 to 2030

Report Coverage

Report Scope Details
Market Size US$ 5.8 Bn by 2030
Growth Rate CAGR of 8.6% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Technology, form factor, projection technique, application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned BenQ Corporation; Boxlight Corporation; Cisco Systems, Inc.; Google Inc.; and Microsoft Corporation

Growth Factors

 Surging need for standalone systems for collaborative meetings and digital learning methods is expected to boost the demand for interactive whiteboards across the globe. Rising popularity of digital learning and increasing technological advancements are also responsible for driving the demand market for interactive whiteboard over the forecast period.

Rising adoption of advanced learning methods is one of the key factors positively affecting the interactive whiteboard (IWB) usage. Additionally, demand for gamification and digital classrooms, coupled with the increasing popularity of interactive whiteboard with artificial intelligence is further anticipated to drive the market. Interactive whiteboards provide an adaptive, engaging, and user-friendly learning experience and are therefore gaining popularity among various sectors such as government, corporate, and education.

By Technology Analysis

The technology segment is segregated into infrared, resistive membrane, electromagnetic pen, capacitive, and others. The resistive membrane segment accounted for the largest share in 2020 and is projected to exceed USD 1050 million by 2030, growing at a CAGR of over 7% over the forecast period.

the infrared segment is projected to exhibit a CAGR exceeding 6.5% over the forecast period. Infrared-based IWBs are easy to operate and are durable as compared to other technology-based IWBs such as resistive membrane or capacitive IWBs.

By Form Factor Analysis

The form factor segment is segregated into sub-segments such as fixed and portable. The portable IWBs segment held the largest market share exceeded 48% in 2020 and is predicted to register the highest growth rate over the forecast period. 

The fixed segment is also expected to grow at a significant rate over the forecast period. This growth is attributed to several features such as high resolution for high image quality, low latency time, and more accurate and responsive interactivity. 

By Projection Technique Analysis

The projection technique segment is segregated into front projection and rear projection. The front projection technique secured a market share exceeding 60% of the global market for the interactive whiteboard in 2019 and is anticipated to grow at the highest rate from 2021 to 2030.

Interactive whiteboard equipped with rear projection are expected to grow at a CAGR of more than 9.5% over the forecast period. The rear projection technique identifies and eliminates presenter shadow present behind the interactive whiteboard and overcomes a key concern associated with front-projection IWBs.

By Application Analysis

The application segment is segregated into education, corporate, commercial, and others. The education segment is expected to emerge as a lucrative market for manufacturers of IWBs. Interactive whiteboard in educational institutions enable teachers to easily create customized learning objects from existing content in order to offer a real-time visual experience to students. 

The corporate segment accounted for more than 15.0% of the global market share in 2020. Interactive whiteboard are gaining traction within the corporate sector as professionals in corporate meeting and conference rooms make use of whiteboard during the planning, designing, and various other developmental stages of a product.

 By Regional Analysis

Europe dominated the market for interactive whiteboard and accounted for more than 35% of the global market share in 2019. The U.K. is one of the major consumer markets for IWBs as the education sector is open to accept and adopt innovative technologies in its education sector.

Asia Pacific is anticipated to witness the fastest growth over the forecast period, registering a CAGR of over 9.5%. E-learning initiatives in emerging economies such as Japan and India have resulted in an increased demand for interactive whiteboards.

Key Players

 BenQ Corporation; Boxlight Corporation; Cisco Systems, Inc.; Google Inc.; and Microsoft Corporation.

Market Segmentation

 

  • By Technology 

    • Infrared

    • Resistive Membrane

    • Electromagnetic Pen

    • Capacitive

    • Others

  • By Form Factor 

    • Fixed

    • Portable

  • By Projection Technique

    • Front Projection

    • Rear Projection

  • By Application 

    • Education

    • Corporate

    • Commercial

    • Others

  • Regional

    • 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

The Interactive Whiteboard market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Interactive Whiteboard market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Interactive Whiteboard market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Interactive Whiteboard market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Interactive Whiteboard market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Interactive Whiteboard capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Interactive Whiteboard by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Interactive Whiteboard market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Interactive Whiteboard market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Interactive Whiteboard market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Interactive Whiteboard industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Interactive Whiteboard market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Interactive Whiteboard market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Interactive Whiteboard market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Interactive Whiteboard market. These factors have benefited the growth of the global market for Interactive Whiteboard. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Interactive Whiteboard. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Interactive Whiteboard are as follows:

  • History Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:


- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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