Interactive Whiteboard (IWB) Market

The global interactive whiteboard (IWB) market size was valued at $4.29 billion in 2020, and is projected to reach $7.35 billion by 2030 to register a CAGR of 6.0% from 2021 to 2030. 

The education segment has been adversely impacted by the emergence of COVID-19 pandemic.

An interactive whiteboard (IWB) or smart board is an interactive display board, which is a touch screen linked to a computer. Usually, these type of board looks similar to a big computer screen, where user can write & move images through touch of a pen or with fingers. However, many companies such as intech IWB software provides user more options & greater flexibility to create effective lesson and improve student’s knowledge by providing multi-touch, gesture recognition, remote class, split screen, and multi-language features. Also, the use of portable IWB (interactive whiteboard) is in the latest trend.

The global interactive whiteboard (IWB) market size is anticipated to witness significant growth during the forecast period. Factors such as emergence of virtual classrooms & e-learning courses, government initiatives for digital education, and transformation of traditional whiteboard into digital whiteboard drive the interactive whiteboard (IWB) market growth. In addition, growth in digitalization & high adoption of electronics products boost the overall market growth. However, lack of technical knowledge and high integration cost is a major restraint to global interactive whiteboard (IWB) industry. In addition, growth in educational sector in Asia-Pacific is expected to create lucrative opportunities for the interactive whiteboard (IWB) industry.

The global interactive whiteboard (IWB) market share is segmented into offering, form factor, screen size, technology, end user, and region. By offering, the market is segmented into hardware, and software. By form factor, it is segmented into fixed, and Portable. On the basis of Screen Size, the market is classified into Less than 50 Inch, 50 Inch to 70 Inch, 71 Inch to 90 inch, and Greater than 90 Inch. By technology, market is divided into Infrared, Resistive, Capacitive, Electromagnetic, and Others. By End user, market is segmented into Education, Healthcare, Retail, Corporate, and Others.

Region wise, the interactive whiteboard (IWB) market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is dominating the interactive whiteboard (IWB) market share, owing to growth in demand for educational products. In addition, Asia-Pacific is projected to register significant growth rate during the forecast period. Furthermore, Europe holds subsequent position and is expected to increase its growth rate by the end of the forecast period, followed by North America. 

Leading interactive whiteboard (IWB) market manufacturer such, LG Electronics, Microsoft Corporation, Samsung Electronics Co. Ltd., etc. are focusing their investment on technologically advanced, cost effective and more secure products and solutions for various applications.

Top Impacting Factors

Prominent factors that impact the interactive whiteboard (IWB) market growth are increase in demand from education sector and rapid digitalization across the globe. In addition, rise in trend of smart & touch-based devices drives the interactive whiteboard (IWB) market growth. However, lack of preparation for technology in several underdeveloped nations, and high cost of interactive whiteboard (IWB) in comparison to traditional whiteboards restricts the market growth. On the contrary, rise in focus toward adoption of new advance technologies and progressive development of digital content is expected to create lucrative opportunities for the market. Therefore, these factors are expected to definitely affect the development of the global interactive whiteboard (IWB) market during the forecast period.

Competition Analysis

Competitive analysis and profiles of the major interactive whiteboard (IWB) market players such as Hitachi, Horizon Display Inc., LG Electronics, Microsoft Corporation, Planar Systems (Leyard Optoelectronic), Ricoh, Samsung Electronics Co. Ltd., Seiko Epson Corporation, Sharp NEC Display Solutions of America, Inc., and Viewsonic Corporation.

Covid-19 Impact Analysis

• Arrival of COVID-19 has significantly affected the electronics and semiconductor sector. Business and manufacturing units across various countries were closed, owing to increase in number of COVID-19 cases, and are estimated to remain closed in 2021. Furthermore, partial or complete lockdown has disrupted global supply chain posing challenges for manufactures to reach customers.
• The COVID-19 pandemic is impacting society and overall economy across the globe. The impact of this outbreak is growing day-by-day as well as affecting overall business globally. The crisis is creating uncertainty in the stock market, falling business confidence, massive slowing of supply chain, and increasing panic among customers.
• Asian and European countries under lockdowns have suffered major loss of business and revenue, owing to shutdown of manufacturing units in the region. Operations of the production and manufacturing industries have been heavily impacted by outbreak of the COVID-19 disease, which leads growth of the interactive whiteboard (IWB) market revenue in 2020.
• The COVID-19 pandemic has impacted the electronics sector as the production facility have stalled, which, in turn, have a significant demand for electronics and semiconductor products in the industries. Its major impact includes, a large-scale manufacturing interruption across Europe, interruption in Chinese parts exports, which may hinder the interactive whiteboard (IWB) market. 

Key Benefits For Stakeholders

•  This study comprises analytical depiction of the global interactive whiteboard (IWB) market size along with the current trends and future estimations to depict the imminent investment pockets.
•  The overall interactive whiteboard (IWB) market analysis is determined to understand the profitable trends to gain a stronger foothold.
•  The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
•  The current interactive whiteboard (IWB) market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency. 
•  Porter’s five forces analysis illustrates the potency of the buyers and the interactive whiteboard (IWB) market share of key vendors.
•  The report includes the market trends and the market share of key vendors.

 Interactive Whiteboard (IWB) Market Report Highlights