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Interactive Whiteboard Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 139 Pages
  • July 2023
  • Region: Global
  • IMARC Group
  • ID: 5353292

Quick Summary:

The interactive whiteboard (IWB) market is reshaping how classrooms, educational institutes, and corporate offices operate across the globe. IWBs boost productivity, foster engagement, and turn learning into an enjoyable process by integrating interactive elements and real-time sharing capabilities. Leveraging the potential of this rapidly digitizing market could result in significant benefits for businesses and institutions alike.

The market's continuous expansion is supported by multiple factors, including evolving education protocols, increasing adoption of smart devices, and the growing prevalence of high-resolution videos and e-learning solutions. Moreover, comprehensive integration of machine learning and IoT with IWBs opens a new frontier of opportunities for investors and stakeholders. Portable IWBs, which are ideal for impromptu presentations, are growing increasingly popular, further bolstering the market outlook. Investment in this thriving market can provide access to futuristic technologies, innovative learning solutions, and a diverse consumer base.

The global interactive whiteboard (IWB) market size reached US$ 4.9 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 7.3 Billion by 2028, exhibiting a growth rate (CAGR) of 6.8% during 2023-2028. The growing application in educational institutes, increasing need for interactive learning, and rising adoption of smart devices represent some of the key factors driving the market.

An interactive whiteboard (IWB), also known as a smartboard, refers to a digital device that comprises various technologies, such as infrared, resistive, capacitive, and electromagnetic. It relies on a computer, projector, and liquid crystal display (LCD) to run effectively. It is flexible, simple, easy to use, cost-effective, convenient, and has easy mobile connectivity compatibility. It is widely available in various sizes, designs, shapes, and additional features to attract a wide consumer base. It can be used by touching a screen with a special pen or with a hand rather than a mouse, while allowing students to draw, write text, make notations on images, and add math equations. It assists in digitizing tasks and operations and can be employed to project files and manipulate them on a board surface and share messages in real-time. Besides this, it aids in improving productivity, offering an enhanced experience to students, and encouraging engagement while making the learning process enjoyable. As a result, IWB finds applications in classrooms, educational institutes, and corporate offices across the globe.

Interactive Whiteboard Market Trends:

At present, the rising demand for IWBs due to rapid digitization, along with the thriving education industry, represents one of the key factors supporting the growth of the market. Besides this, the growing adoption of portable IWBs, as they are suitable for last-minute presentations, is offering a positive market outlook. Additionally, the rising demand for high-resolution videos, graphics, images, internet connectivity, and virtual and e-learning solutions among the masses around the world is propelling the growth of the market. Apart from this, the increasing adoption of smartphones and smart devices due to high-speed internet facilities across the globe is offering lucrative growth opportunities to industry investors. Moreover, various benefits offered by IWBs, such as user-friendly learning solutions, saving teaching costs, higher flexibility, and a creative learning process, are positively influencing the market. In addition, the rapid integration of artificial intelligence (AI), machine learning (ML), and the internet of things (IoT) in the IWB is contributing to the growth of the market. Furthermore, governing agencies of various countries are encouraging the adoption of IWBs in educational institutions to introduce smart classroom programs for improving learning among students.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global interactive whiteboard (IWB) market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on technology, type, projection technique, screen size and end use sector.

Technology Insights:

  • Infrared
  • Resistive
  • Capacitive
  • Electromagnetic
  • Others
The report has provided a detailed breakup and analysis of the interactive whiteboard market based on the technology. This includes infrared, resistive, capacitive, electromagnetic, and others. According to the report, resistive represented the largest segment.

Type Insights:

  • Fixed
  • Portable
A detailed breakup and analysis of the interactive whiteboard market based on the type has also been provided in the report. This includes fixed and portable. According to the report, portable accounted for the largest market share.

Projection Technique Insights:

  • Front Projection
  • Rear Projection
The report has provided a detailed breakup and analysis of the interactive whiteboard market based on the projection technique. This includes front projection and rear projection.

Screen Size Insights:

  • IWBs with a Screen Size Up to 69”
  • IWBs with a Screen Size Ranging from 70”-90”
  • IWBs with a Screen Size Above 90”
The report has provided a detailed breakup and analysis of the interactive whiteboard market based on the screen size. This includes IWBs with a Screen Size Up to 69”, IWBs with a Screen Size Ranging from 70”-90”, and IWBs with a Screen Size Above 90”. According to the report, IWBs with a screen size ranging from 70”-90” represented the largest segment.

End-Use Sector Insights:

  • Education
  • Corporate
  • Government
  • Others
The report has provided a detailed breakup and analysis of the interactive whiteboard market based on the end use sector. This includes education, corporate, government, and others. According to the report, education represented the largest segment.

Regional Insights:

  • Asia Pacific
  • Europe
  • North America
  • Middle East and Africa
  • Latin America
The report has also provided a comprehensive analysis of all the major regional markets, which include Europe, North America, Asia Pacific, Middle East and Africa, and Latin America. According to the report, North America was the largest market for interactive whiteboard. Some of the factors driving the North America interactive whiteboard market included the rapid adoption of touch technology based-IWBs in the education and corporate sectors, integration of artificial intelligence (AI) in IWB, rising need for user-friendly learning solutions, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global interactive whiteboard market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Hitachi, Ltd., Panasonic Corporation, LG Display, Foxconn, NetDragon Websoft, Samsung Electronics, NEC Display, Ricoh, Returnstar Interactive Technology, Boxlight Corporation, Cisco Systems, Alphabet, Microsoft Corporation, Luidia, Inc, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report

1. What was the size of the global interactive whiteboard market in 2022?
2. What is the expected growth rate of the global interactive whiteboard market during 2023-2028?
3. What has been the impact of COVID-19 on the global interactive whiteboard market?
4. What are the key factors driving the global interactive whiteboard market?
5. What is the breakup of the global interactive whiteboard market based on the technology?
6. What is the breakup of the global interactive whiteboard market based on the type?
7. What is the breakup of the global interactive whiteboard market based on the screen size?
8. What is the breakup of the global interactive whiteboard market based on the end use sector?
9. What are the key regions in the global interactive whiteboard market?
10. Who are the key players/companies in the global interactive whiteboard market?
Frequently Asked Questions about the Global Interactive Whiteboard (IWB) Market

What is the estimated value of the Global Interactive Whiteboard (IWB) Market?

The Global Interactive Whiteboard (IWB) Market was estimated to be valued at $4.9 Billion in 2022.

What is the growth rate of the Global Interactive Whiteboard (IWB) Market?

The growth rate of the Global Interactive Whiteboard (IWB) Market is 6.9%, with an estimated value of $7.3 Billion by 2028.

What is the forecasted size of the Global Interactive Whiteboard (IWB) Market?

The Global Interactive Whiteboard (IWB) Market is estimated to be worth $7.3 Billion by 2028.

Who are the key companies in the Global Interactive Whiteboard (IWB) Market?

Key companies in the Global Interactive Whiteboard (IWB) Market include Hangzhou Permanent Magnet Group, Hitachi Metals L, Ningbo Yunsheng Co. Ltd., JPMF Guangdong Co. Ltd. and NingGang Permanent Magnet Materials Co. Ltd..

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Interactive Whiteboard (IWB) Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Technology
5.5 Market Breakup by Type
5.6 Market Breakup by Projection Technique
5.7 Market Breakup by End Use Sector
5.8 Market Breakup by Screen Size
5.9 Market Breakup by Region
5.10 Market Forecast
6 Market Breakup by Technology
6.1 Infrared
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Resistive
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Capacitive
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Electromagnetic
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Type
7.1 Fixed
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Portable
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Projection Technique
8.1 Front Projection
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Rear Projection
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Screen Size
9.1 IWBs with a Screen Size Up to 69”
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 IWBs with a Screen Size Ranging from 70”-90”
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 IWBs with a Screen Size Above 90”
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by End Use Sector
10.1 Education
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Corporate
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Government
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Others
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakup by Region
11.1 Europe
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 North America
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Asia Pacific
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 Middle East and Africa
11.4.1 Market Trends
11.4.2 Market Forecast
11.5 Latin America
11.5.1 Market Trends
11.5.2 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Hitachi, Ltd.
16.3.2 Panasonic Corporation
16.3.3 LG Display
16.3.4 Foxconn
16.3.5 NetDragon Websoft
16.3.6 Samsung Electronics
16.3.7 NEC Display
16.3.8 Ricoh
16.3.9 Returnstar Interactive Technology
16.3.10 Boxlight Corporation
16.3.11 Cisco Systems
16.3.12 Alphabet
16.3.13 Microsoft Corporation
16.3.14 Luidia, Inc
List of Figures
Figure 1: Global: Interactive Whiteboard Market: Major Drivers and Challenges
Figure 2: Global: Interactive Whiteboard Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Interactive Whiteboard Market: Breakup by Technology (in %), 2022
Figure 4: Global: Interactive Whiteboard Market: Breakup by Type (in %), 2022
Figure 5: Global: Interactive Whiteboard Market: Breakup by Projection Technique (in %), 2022
Figure 6: Global: Interactive Whiteboard Market: Breakup by End Use Sector (in %), 2022
Figure 7: Global: Interactive Whiteboard Market: Breakup by Screen Size (in %), 2022
Figure 8: Global: Interactive Whiteboard Market: Breakup by Region (in %), 2022
Figure 9: Global: Interactive Whiteboard Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 10: Global: Interactive Whiteboard Industry: SWOT Analysis
Figure 11: Global: Interactive Whiteboard Industry: Value Chain Analysis
Figure 12: Global: Interactive Whiteboard Industry: Porter’s Five Forces Analysis
Figure 13: Global: Interactive Whiteboard (Infrared) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Interactive Whiteboard (Infrared) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Interactive Whiteboard (Resistive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Interactive Whiteboard (Resistive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Interactive Whiteboard (Capacitive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Interactive Whiteboard (Capacitive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Interactive Whiteboard (Electromagnetic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Interactive Whiteboard (Electromagnetic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Interactive Whiteboard (Other Technologies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Interactive Whiteboard (Other Technologies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Interactive Whiteboard (Fixed) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Interactive Whiteboard (Fixed) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Interactive Whiteboard (Portable) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Interactive Whiteboard (Portable) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Interactive Whiteboard (Front Projection) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Interactive Whiteboard (Front Projection) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Interactive Whiteboard (Rear Projection) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Interactive Whiteboard (Rear Projection) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Interactive Whiteboard (IWBs With A Screen Size Up to 69”) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Interactive Whiteboard (IWBs With A Screen Size Up to 69”) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Interactive Whiteboard (IWBs With A Screen Size Ranging From 70”-90”) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Interactive Whiteboard (IWBs With A Screen Size Ranging From 70”-90”) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Interactive Whiteboard (IWBs With A Screen Size Above 90”) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Interactive Whiteboard (IWBs With A Screen Size Above 90”) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Interactive Whiteboard (Education) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Interactive Whiteboard (Education) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Interactive Whiteboard (Corporate) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Interactive Whiteboard (Corporate) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Interactive Whiteboard (Government) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Interactive Whiteboard (Government) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Interactive Whiteboard (Other Sectors) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Interactive Whiteboard (Other Sectors) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Europe: Interactive Whiteboard Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Europe: Interactive Whiteboard Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: North America: Interactive Whiteboard Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: North America: Interactive Whiteboard Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Asia Pacific: Interactive Whiteboard Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Asia Pacific: Interactive Whiteboard Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Middle East and Africa: Interactive Whiteboard Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Middle East and Africa: Interactive Whiteboard Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Latin America: Interactive Whiteboard Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Latin America: Interactive Whiteboard Market Forecast: Sales Value (in Million US$), 2023-2028
List of Tables
Table 1: Global: Interactive Whiteboard Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Interactive Whiteboard Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 3: Global: Interactive Whiteboard Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: Global: Interactive Whiteboard Market Forecast: Breakup by Projection Technique (in Million US$), 2023-2028
Table 5: Global: Interactive Whiteboard Market Forecast: Breakup by Screen Size (in Million US$), 2023-2028
Table 6: Global: Interactive Whiteboard Market Forecast: Breakup by End Use Sector (in Million US$), 2023-2028
Table 7: Global: Interactive Whiteboard Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Interactive Whiteboard Market: Competitive Structure
Table 9: Global: Interactive Whiteboard Market: Key Players

Companies Mentioned

  • Hitachi Ltd.
  • Panasonic Corporation
  • LG Display
  • Foxconn
  • NetDragon Websoft
  • Samsung Electronics
  • NEC Display
  • Ricoh
  • Returnstar Interactive Technology
  • Boxlight Corporation
  • Cisco Systems
  • Alphabet
  • Microsoft Corporation
  • Luidia Inc

Methodology

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