Interactive Display Market REPORT OVERVIEW
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The global interactive display market size was USD 8801.5 million in 2022 and market is projected to grow USD 12635 million by 2031, exhibiting a CAGR of 4.1% during the forecasting period.
The global COVID-19 pandemic has been unprecedented, staggering, as the market are experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
Touch screen displays are popular in the education and business sectors. Furthermore, flexible display technologies are gaining popularity at a rapid pace. Furthermore, touch screen displays offer a high quality range solution across a wide range of interactive technologies. Display technologies like organic light-emitting diode (OLED) have also grown in popularity in goods like monitors, video walls, smartphones, and other gadgets. Furthermore, display manufacturers intend to include touchscreen panels, which are commonly used in digital signage.
Screens that project images, movies, and text are examples of interactive displays. Many technologies are used in these display displays, including light-emitting diode (LED), liquid crystal display (LCD), organic light-emitting diode (OLED), and others. It's also widely utilised in consumer electronics including monitors, computers, tablets, smart watches, and so on. The advancement of advanced technology allows for increased visualisations in a variety of industry verticals, including education, corporate, retail, sports & entertainment, transportation, and others.
COVID-19 Impact: The Pandemic Dysfunctioned the Market Growth
Starting from December 2019, COVID-19 illness pragmatically spread in 180+ nations around the world and the World Health Organization announced it as a well-being crisis. Due to the closure of various cities, COVID-19 has had a negative impact on the market by disrupting the supply chain for the manufacture of phones and displays and decreasing smartphone sales globally. The shutdown, which has halted economic activity, is anticipated to have a greater impact in the near future as governments throughout the world adopt more stringent controls. Due to a protracted lockdown, industries had to temporarily close, which impeded the manufacture and shipment of goods.
LATEST TRENDS
"The Increasing Demand for Interactive White Board in the Education Sector to Attract the Market Share"
Growth in flexible display technologies, increased demand for interactive whiteboards in the education sector, and an increase in the trend of touch-based devices are the primary factors driving the worldwide interactive display market. These displays can help in learning and teaching. The interactive display industry provides numerous benefits, including increased student-teacher engagement, the ability for students with various disabilities to learn better, greater flexibility in learning, lower teaching costs, and the ability for students to save lessons for later learning or review. Furthermore, interactive displays enable professors to effortlessly communicate text, screen, video, and audio files with students.
Interactive Display Market SEGMENTATION
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- By Type Analysis
Based on type, the market is subdivided into LCD, LED and others.
- By Application Analysis
Based on the applications, the market is subdivided into retail, hospitality, industrial, healthcare, transportation, education, entertainment and others.
DRIVING FACTORS
"The Most Used Touch Based Sensors in the Electronic Devices to Amplify the Market Share"
As touch-based gadgets become more accessible, the number of devices using touch sensors is increasing. Touch-based gadgets require a display panel to function, which aids in the proliferation of display devices. As a result, a wide range of home appliances, such as refrigerators, microwaves, washing machines, and chimneys, are outfitted with touch-sensitive displays. Furthermore, the automobile industry has seen an increase in the availability of advanced display devices in vehicles, such as navigation systems, digital dashboards, digital rear-view mirrors, heads-up displays, and others.
Furthermore, due to the complicated and enormous architecture of these structures, the use of digital signage and touch-based displays in commercial buildings such as malls, theatres, entertainment centres, and others has expanded. These displays have touch sensors, which the user can utilise to navigate and extract additional information. As a result, the shift towards touch-based gadgets is propelling the interactive display industry forward.
"The Rising Interest for the 4K Display to Uplift the Market Share"
The evolution of display technologies has enticed a vast consumer base over the years. The rapid adoption of 4K or Ultra High Definition televisions in the home sector has raised demand for AV cables. This provides HDMI ports that can sustain high transfer rates. These televisions also include connectors for connecting various entertainment devices such as game consoles, home theatre systems, and others, creating a lucrative interactive display business opportunity internationally. Customers with higher incomes buy TVs with expanding higher aspirations. Countries such as Brazil, India, and China have experienced a considerable surge in the production of 4K TV sets. The global market for OELD displays is being filled by the transition from the traditional watching experience to a high-level mechanical display. The expansion of television size on a global scale is another aspect promoting the interactive display market growth.
RESTRAINING FACTORS
"The Cost factor to Restrain the Market Growth"
Growth in flexible display technologies, increased demand for interactive whiteboards in the education sector, and an increase in the trend of touch-based devices are the primary factors driving the worldwide interactive display market. However, the expensive expense of the most advanced display technologies, such as transparent displays and quantum dot displays, is impeding industry expansion.
Interactive Display Market REGIONAL INSIGHTS
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"Asia Pacific Region to Lead with Presence of Key Players and Adoption of Electronic Devices"
The economy of important nations like India and China are expanding, which is increasing consumer disposable income. Consequently, we are moving in the direction of embracing high-end technological devices, including curved televisions and expensive cellphones. driving the region's market for interactive displays. Furthermore, Chinese businesses are working swiftly to establish massive production facilities to produce OLEDs. In the city of Chongqing in southwest China, BOE is building a manufacturing facility for smaller OLEDs. The demand will therefore fuel the expansion of the interactive display market share in the area.
KEY INDUSTRY PLAYERS
"The Prominent Players Contributing in the Market Growth"
The report covers the information on the advancement outlooks with new inventions and SWOT analysis.The market elements situation, with the development areas of the market in the upcoming years.
List of Market Players Profiled
- Samsung Display (South Korea)
- LG Display (South Korea)
- Panasonic (Japan)
- NEC Display (U.S.A)
- Planar Systems (U.S.A)
- ELO Touch Solutions (U.S.A)
- Crystal Display Systems (U.K)
- Gesturetek (U.S.A)
- Horizon Display (U.S.A)
- Interactive Touchscreen Solutions (U.S.A)
- Baanto International (Canada)
- Intuilab (France)
- Sharp (Japan)
- Smart Technologies (Canada).
REPORT COVERAGE
The report examines elements affecting the demand and supply sides and estimates dynamic market forces for the forecast period. The report offers drivers, restraints, and future trends. After evaluating governmental, financial, and technical market factors, the report provides exhaustive PEST and SWOT analysis for regions. The research is subject to alteration if the key players and probable analysis of market dynamics change. The information is an approximate estimate of the factors mentioned, taken into consideration after thorough research.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 8801.5 Million in 2022 |
Market Size Value By |
US$ 12635 Million by 2031 |
Growth Rate |
CAGR of 4.1% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the interactive display market expected to touch by 2031?
The global interactive display market is expected to touch USD 12635 million by 2031.
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What CAGR is the interactive display market expected to exhibit by 2031?
The interactive display market is expected to exhibit a CAGR of 4.1% by 2031.
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What are the driving factors of the interactive display market?
The most utilized touch based sensors in the electronic devices and the demand for the 4K displays are the driving factors of the interactive display market.
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Which are the top companies operating in the interactive display market?
Samsung, LG Display, Crystal Display Systems, Samsung, NEC, Panasonic, LG Display, Sharp (Foxconn), Leyard Optoelectronic (Planar), Elo Touch, Horizon Display, and ViewSonic.Crystal Display Systems, Samsung, NEC, Panasonic, LG Display, Sharp (Foxconn), Leyard Optoelectronic (Planar), Elo Touch, Horizon Display, and ViewSonic. and others are the top companies operating in the interactive display market.