Interactive Display Market Analysis
The global Interactive Display Market will touch USD 16.97 billion at 6.66% CAGR by 2032, as per the recent Market Research Future report.
Drivers
Increasing Adoption in Healthcare Sector to Boost Market Growth
The increasing adoption of interactive display in healthcare sector will boost market growth in the forecast period. The healthcare sector is using interactive displays in improving patient education, facilitating medical training, as well as enhancing the effectiveness of healthcare providers. The interactive display enables physicians in explaining medical conditions visually, engaging patients in the treatment plans and offering real-time information. Need for interactive exhibits in the medical training facilities, clinics, and hospitals are going up, fueled by the requirement for patient engagement and better communication.
Key Players
Eminent industry players profiled in the global interactive display market report include.
- LG Electronics. (South Korea),
- Sharp Business Systems (India) Private Limited (India),
- Leyard (China),
- SAMSUNG (South Korea),
- NEC Display Solutions (Japan),
- Panasonic Corporation of North America (US),
- Elo Touch Solutions, Inc. (US), and
- Crystal Display Systems Ltd (UK).
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Opportunities
Growing Demand in Education Sector to offer Robust Opportunities
The growing need for interactive whiteboard especially in universities, institutions, and schools across the globe will offer lucrative opportunities for the interactive display market over the forecast period. Such displays are beneficial for teaching and learning. Interactive display offers plentiful perks like increased engagement amid teachers and students, enables students in learning better with different disability, offer flexibility in learning, allows students in saving lessons for a latter review or learning, and also saves time. Besides, interactive display enables teachers in sharing text, video, screen and audio files easily with students.
Restraints and Challenges
High Initial Cost to Remain Market Restraint
The high initial cost and privacy issues may act as market restraints over the forecast period.
Market Segmentation
The global interactive display market is bifurcated based on end user, panel size, and product.
By product, kiosk will lead the market over the forecast period.
By panel size, 32” to 65” will domineer the market over the forecast period.
By end user, retail will spearhead the market over the forecast period.
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COVID-19 Analysis
The COVID-19 epidemic possessed a noteworthy effect on the interactive display market. Following the shift in virtual meetings, remote learning, and remote work, the need for such displays has gone up as these offer an engaging and immersive means of collaborating and communicating from distance. The epidemic also resulted in a surge in need for interactive displays within the healthcare domain. With several clinics and hospitals overwhelmed via the rise in COVID-19 patients, the healthcare providers switched to remote patient monitoring and telemedicine for minimizing in-person contact and reducing the perils of infection.
Regional Analysis
North America to Command Interactive Display Market
North America will command the interactive display market over the forecast period for the increase in research and innovations in technological developments. Key players here invest in novel materials for making more durable and flexible display panels that fuel market growth. The US market for interactive display grabbed the utmost market share while that in Canada had been the fastest growing within this region.
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