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The interactive flat panels market size is estimated to grow at a CAGR of 10.69% between 2022 and 2027. The size of the market is forecast to increase by USD 9,069.01 million. The growth of the market depends on several factors, including the growth of e-learning, the increasing use of advanced technologies in the education sector, and the adoption of panels in corporate and government sectors.
This report extensively covers market segmentation by application (education sector and corporate sector), display type (plasma and LCD flat panels, interactive UHD/4k flat panels, and HD flat panels), and geography (North America, APAC, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The growth of e-learning is notably driving the market growth, although factors such as the high cost of interactive flat panels may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Interactive Flat Panels Market Driver
The growth of e-learning is one of the key drivers supporting the global interactive flat panels market growth. In the e-learning delivery model, the content for e-learning can be generated through various sources such as libraries, journals, publishing houses, content developers, and open-source models. The next step after content generation involves the development of software platforms and tools to manage the content. The published content is then distributed to end-users through virtual classrooms, computers, tablets, and smartphones.
Moreover, content development companies in the education sector find huge opportunities in the e-learning market, especially in the low-cost regions, owing to the increase in demand from a greater number of schools and universities that are employing the services of content developers. They offer standard content or curriculums, as well as satisfy customization demands from customers. Such growth in e-learning will increase the demand for the market during the forecast period.
Significant Interactive Flat Panels Market Trends
The increased adoption of gamification is one of the key trend for the global interactive flat panels market growth. This trend has proliferated in the primary and secondary education sectors, where teachers are continuously using gamification content to manage a classroom. The concept of gamification is crucial for collaborative learning among students as it provides interactive sessions and a fun-filled learning experience for them. Hence, vendors are increasingly emphasizing the inclusion of gamification in classroom management system solutions.
ClassDojo provides a gamified collaborative platform that keeps the kids, parents, and teachers connected on a single platform. It manages collaborative learning in the classroom as well as helps in disciplining the behavior of students when they are present in class. This trend is expected to enhance the interest of students in classroom sessions, which might have a positive impact on the global interactive flat panels market during the forecast period.
Major Interactive Flat Panels Market Challenge
The high cost of the panels is one of the factors hindering the global interactive flat panels market growth. Technical specifications of an interactive flat panel are important to build a system keeping the requirements of end-users in mind. All such factors lead to the high cost of panels, which hinders market growth to some extent. Nowadays, the vendors are focusing on software applications that facilitate interaction, address various learning styles and learning technologies, integrate classroom resources with a variety of content, and support real-time learning.
Software that helps in the creation of interesting ways to deliver lessons using mathematical equations, problem-solving, scientific experiments, and reading exercises is gaining traction. Moreover, the incorporation of advanced technologies has led to a rise in the average selling price (ASP) of panels, which can be as high as USD10,000. Even if the prices reduce during the forecast period, they will remain a significant part of the investment budget of schools.
Key Interactive Flat Panels Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Interactive Flat Panels Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Benq - The company offers a wide range of projectors for business, residential, and education applications. Some of the categories include home projectors, business projectors, interactive classroom projectors, and 4K Home projectors among others. Also, the company offers a portfolio of monitors for business, residential, and healthcare applications. Some of them are business monitors, 4K monitors, e-Sports monitors, and 4K medical-diagnostic monitors among others.
The market research report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the education sector segment will be significant during the forecast period. The education sector includes schools and colleges managed by either government or private organizations. Panels are the latest interactive teaching tools for modern, connected, and interactive classrooms. These panels provide a platform for teachers to present content more effectively when compared with the traditional way of teaching. They allow teachers to create and show any content on the screen to students from their computers or laptop. In the education sector, e-learning is gaining popularity worldwide, mainly due to interactive displays that serve as an ideal tool for delivering content interactively in the e-learning environment. This advances the quality of education in classrooms, along with improved interaction between students and teachers.
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The education sector segment was valued at USD 4,053.91 million in 2017 and continued to grow by 2021. Interactive flat panels are witnessing significant adoption in developed countries such as the US and Canada. For instance, the interactive flat panel market in the US is growing at a CAGR of nearly 10.79% during 2022-2027. In the US, e-learning technology-based companies are opting for M and A and strategic alliances to improve their market reach and customer base. Furthermore, the e-learning market in APAC is growing significantly at a CAGR of more than 12.58% during 2022-2027, which is the highest among other regions such as North America, Europe, South America, and MEA. Due to all the aforementioned factors, the adoption of panels in the education sector is gaining traction, and the market is expected to grow during the forecast period.
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North America is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In North America, students and teachers in the K-12 education sector are aware of active learning techniques, and they know how to use and work with these learning techniques. This is further complemented by the strong focus of the US government on improving the quality of education through the introduction of Common Core Standards (CSS) in both K-12 and the higher education sector. Active learning techniques such as gamification and video tutorials are gaining traction and feeding the demand for collaborative software such as learning management systems (LMS) and classroom management systems (CMS). These software systems help teachers inculcate a collaborative learning environment in the classroom. Also, they can be used to monitor and track the progress of the students. The above factors will increase the market growth during the forecast period.
This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. COVID-19 led to an upsurge in the demand for North America. However, in 2021, owing to the initiation of large-scale vaccination drives and other government initiatives resulted in the removal of lockdowns and the resumption of government initiatives. With this sudden shift away from classrooms, the adoption of online learning will likely persist even after the pandemic is brought under control, and it will drive the growth of the regional market in focus during the forecast period.
The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Interactive Flat Panels Market Scope |
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Report Coverage |
Details |
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Page number |
172 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.69% |
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Market growth 2023-2027 |
USD 9,069.01 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
9.04 |
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Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
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Performing market contribution |
North America at 42% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Baanto International Ltd., BenQ Corp., Boxlight Corp, Crystal Display Systems Ltd., Elo Touch Solutions Inc., Hangzhou Hikvision Digital, Hitachi Ltd., Horizon Display Inc., Koninklijke Philips NV, LG Electronics Inc., NEC Corp., Panasonic Holdings Corp., Planar Systems Inc., Promethean Ltd., Samsung Electronics Co. Ltd., Sharp Corp., SMART Technologies ULC, ViewSonic Corp., Wishtel Private Ltd., and Accuview Inc |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Display Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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