Dublin, March 09, 2020 (GLOBE NEWSWIRE) -- The "Interactive Display Market Research Report: By Product, Technology, End User, Geographical Outlook - Industry Opportunity and Growth Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
In 2018, the global interactive display market generated $9.2 billion and is expected to reach $16.4 billion in 2024, registering a 10.4% CAGR during the forecast period (2019-2024).
The market is growing due to the rising adoption of interactive display in the education sector and declining display prices and increasing panel size.
On the basis of product, the interactive display market is categorized into interactive whiteboard, flat panel, monitor, kiosk, video wall, and table. Among these, the interactive kiosk category dominated the market during the historical period (2014-2018) and is projected to account for the major of the market during the forecast as well. The reason for this is the rising requirement for self-service terminals, growth in retail industry, and customer convenience. During the forecast period, the interactive flat panel category is expected to grow at the fastest pace.
When end user is taken into consideration, the interactive display market is divided into banking, financial services, and insurance, hospitality & healthcare, transportation, retail, education, corporate & government, industrial, and others (which include military & defense, sports, and leisure). Out of these, the largest share of the market was occupied by the education division during the historical period. This was attributed to the rising government initiatives focusing toward smart learning programs in the education sector. The fastest CAGR is expected to be registered by the hospitality & healthcare sector during the forecast period.
The rapidly increasing adoption of interactive display in the education sector is among the primary driving factors of the interactive display market. Because of technological advancements in educational tools, the creation of an interactive classroom has become easier. The interactive display technology allows the teacher to create lessons with games, video clips, mixed media, and other interesting options. The preference of students is also shifting toward digital learning as it allows them to learn through highly relevant digital content. Moreover, the governments of different countries are also launching projects for improving their educational systems.
The reduction in display prices and increasing panel size are also contributing significantly to the growth of the interactive display market. The prices of display screens have decreased due to the rising demand for interactive display products. The penetration of products such as interactive monitors, kiosks, whiteboards, and others have in turn risen in the market due to the reduction in prices of touchscreen panels and light emitting diode (LED) displays. In addition, the growing panel size and upgrading resolutions, such as 4K, FHD, and 8K, have enhanced the overall performance of the display.
A key trend being observed in the interactive display market is the rising usage of flexible LED displays, due to its various advantages. The interactive flexible LED technology provides better picture quality and offers high-resolution. The screen integrated with this technology can also capture picture motions in different areas and configurations from a wide variety of gadgets such as cameras, personal computers, or link boxes. Furthermore, as opposed to LCDs, LED displays have lower thickness levels, which provides better aesthetic appeal to the viewer.
Hence, the reducing display prices and increasing panel sizes and growing adoption of interactive display in the education sector are driving the market.
Key Topics Covered
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Panel Size
4.1.1.1 17-35 inches
4.1.1.2 33-65 inches
4.1.1.3 >65 inches
4.1.2 By Product
4.1.2.1 Interactive kiosk
4.1.2.2 Interactive whiteboard
4.1.2.3 Interactive video wall
4.1.2.4 Interactive flat panel
4.1.2.5 Interactive table
4.1.2.6 Interactive monitor
4.1.3 By Technology
4.1.3.1 LCD
4.1.3.2 LED
4.1.4 By End User
4.1.4.1 Retail
4.1.4.2 BFSI
4.1.4.3 Education
4.1.4.4 Hospitality & Healthcare
4.1.4.5 Corporate & Government
4.1.4.6 Transportation
4.1.4.7 Industrial
4.1.4.8 Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Increasing use of flexible LED displays
4.3.2 Drivers
4.3.2.1 Decline in display prices coupled with rising panel size
4.3.2.2 Growing adoption of interactive display in the education sector
4.3.2.3 Impact analysis of drivers on the market forecast
4.3.3 Restraints
4.3.3.1 Improper functioning of multi-touch interactive displays
4.3.3.2 Impact analysis of restraints on the market forecast
4.3.4 Opportunities
4.3.4.1 Growth prospects in healthcare end user application
4.3.4.2 The growing trend of using an interactive display in trade shows and events
4.4 Porter's Five Forces Analysis
Chapter 5. Global Market Size and Forecast
5.1 By Panel Size
5.2 By Product
5.3 By Technology
5.4 By End User
5.5 By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 List of Key Players and Their Offerings
11.2 Market Share Analysis of Key Players
11.3 Competitive Benchmarking of Key Players
11.4 Recent Activities of Key Market Players
11.5 Strategic Developments of Key Players
11.5.1 Product Launches
11.5.2 Partnerships
Chapter 12. Company Profiles
12.1 LG Electronics Inc.
12.1.1 Business Overview
12.1.2 Product and Service Offerings
12.1.3 Key Financial Summary
12.2 Panasonic Corporation
12.3 Samsung Electronics Co. Ltd.
12.4 NEC Corporation
12.5 BenQ Corporation
12.6 Hitachi Ltd.
12.7 Koninklijke Philips N.V.
12.8 Sharp Corporation
12.9 GestureTek Inc.
12.10 Leyard Optoelectronic Co. Ltd.
12.11 Seiko Epson Corporation
12.12 Crystal Display Systems Ltd
12.13 Elo Touch Solutions Inc.
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