The global interactive whiteboard IWB market size was US$ 4.3 billion in 2021. The global interactive whiteboard IWB market is forecast to grow to US$ 6.9 billion by 2030 by growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2022 to 2030.
An interactive whiteboard (IWB) is majorly an interactive display board. It is a touch screen linked to a computer. The screen enables users to write & move images with the use of a pen or with fingers.
Factors Influencing the Market
The global interactive whiteboard (IWB) market is forecast to grow significantly, owing to the rising trend of virtual classrooms & e-learning courses. Furthermore, growing initiatives by governments to offer digital education to students will benefit the global market.
Rising digitalization across all industrial verticals, including healthcare, automotive, etc., is upsurging the adoption of electronics products. As a result, it will benefit the global interactive whiteboard IWB market.
Smart & connected devices with high-speed internet availability are getting significant traction due to their ease of use. Thus, it will contribute to the growth of the global interactive whiteboard IWB market.
Growing technological advancements in interactive whiteboard IWB will propel the global interactive whiteboard IWB market forward. For instance, Samsung Electronics unveiled its new interactive digital display, a Samsung Flip, in 2018. In the same year, ViewSonic Corporation introduced its ViewBoard S IFP2710 interactive display solution for classrooms. This solution allows teachers to have access to the lesson plans on the cloud. Thus, more such advancements will escalate the growth of the global interactive whiteboard IWB market.
COVID-19 Impact Analysis
The wake of the COVID-19 pandemic has had a large impact on the education sector. Institutions had to close their doors to abide by the government rules, which lasted for more than 2 years in various countries. Furthermore, electronics manufacturing hubs also witnessed a significant drop in terms of revenue. As a result, it negatively affected the global interactive whiteboard IWB market. Moreover, China was the epicentre of the COVID-19 pandemic. Since most electronic components, such as sensors, ICs, and other semiconductor devices, are imported from China, the global electronics industry witnessed significant disruptions.
On the contrary, the term 'digital education' emerged significantly during the pandemic, which has been opportunistic for the global interactive whiteboard IWB market.
Regional Analysis
Based on Region, the Asia-Pacific interactive whiteboard IWB market is forecast to emerge as the largest market due to the early adoption of new technologies, such as touch screen displays, interactive tables, etc.
Furthermore, the presence of prominent industry players, such as Hitachi, LG Electronics, etc., will contribute to the growth of the market.
Competitors in the Market
Market Segmentation
By Offering Outlook
By Form Factor Outlook
By Screen Size Outlook
By Technology Outlook
By End-Users Outlook
By Region
