Interactive Flat Panels Market by Application, Display Type, and Geography - Forecast and Analysis 2023-2027

Interactive Flat Panels Market Forecast 2023-2027 

The interactive flat panels market size is estimated to grow by USD 9.06 billion at a CAGR of 10.69% between 2022 and 2027. One of the primary catalysts fueling the expansion of the global market is the increasing adoption of e-learning. Within the e-learning sphere, content origination arises from diverse origins such as libraries, academic journals, publishing houses, content creators, and open-source initiatives. After the creation phase, attention pivots towards the advancement of software platforms and tools for effective content management. Following this, the generated content is distributed to users via virtual classrooms, computers, tablets, and smartphones.

What will be the size of the Interactive Flat Panels Market During the Forecast Period?

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Market Segmentation

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.

By Application

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 4.05 billion 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.

By Region

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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.

Market Dynamics and Customer Landscape

The market is witnessing substantial growth, driven by the increasing adoption of interactive technologies in business settings. These panels facilitate collaborative decision-making through dynamic data visualization, improving accessibility and affordability. Technological advancements have led to interactive flat panels being integrated into various sectors, including the education sector, where they are replacing traditional tools like whiteboards. In addition to classrooms, interactive flat panels are used in mobiles, tablets, interactive kiosks, video walls, and other settings where interactive displays are required. The retail, healthcare, and hospitality industries are also adopting interactive flat panels to enhance customer engagement and streamline operations, leveraging economies of scale for cost-effectiveness. 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 Market Driver

The growth of e-learning is one of the key drivers supporting global market growth. In the e-learning landscape, content creation stems from a variety of sources, including libraries, journals, publishers, content developers, and open-source models. Following content generation, the focus shifts to software platforms and tools development for content management. Subsequently, the created content is disseminated to end-users through virtual classrooms, computers, tablets, and smartphones.

Furthermore, companies specializing in content development within the education sector are poised for significant growth in the e-learning market, particularly in regions with lower costs. This is attributed to the heightened demand from an increasing number of schools and universities availing the services of content developers. These companies provide standard content or curriculums while also catering to customized requests from clients. This surge in e-learning adoption is expected to drive market demand during the forecast period.

Significant Market Trends

The increased adoption of gamification is one of the key trends for global 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 Market Challenge

The high cost of the panels is one of the factors hindering global 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 USD 10,000. Even if the prices reduce during the forecast period, they will remain a significant part of the investment budget of schools. 

Key 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

Who are the Major Interactive Flat Panels Market Companies?

Companies 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 players, including:

• Baanto International Ltd.
• 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.

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.

Segment Overview

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. 

• Application Outlook
  • Education sector
  • Corporate sector

• Display Type Outlook 
  • Plasma and LCD flat panels
  • Interactive UHD/4K flat panels
  • HD flat panels

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Argentina
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview

The market is experiencing significant growth due to increased technology adoption and the demand for interactive learning experiences. These panels are widely used in various sectors such as education, retail, and the hospitality industry. They offer high-definition displays and interactive components that enhance the learning process and customer engagement. Touch screens and touchless interactive displays are particularly popular in environments such as classrooms and retail applications. However, challenges such as high costs and supply chain disruptions are impacting the market. The market is expected to continue growing, especially in regions like North America with high internet penetration and a growing need for remote learning and virtual meetings.

The Interactive Flat Panels Market is thriving, driven by urbanization and the hybrid work and learning model. These panels are revolutionizing industries like healthcare and retail by offering interactive whiteboards and touchscreen displays. In North America, they're widely used in railway stations and transit spaces, enhancing customer engagement and product promotion. However, challenges like increased costs and production delays are present. The market's future looks promising, especially with the rising demand for online shopping and remote work solutions in the retail and transportation industries.

The Interactive Flat Panels Market is experiencing rapid growth, with panel sizes ranging from 32-65 inches meeting various needs. These panels require additional hardware and software for optimal functionality, making them ideal for digital classrooms and corporate sectors. The market is driven by changing preferences towards technology and government initiatives in sectors like BFSI, healthcare, and education. Despite challenges such as the closure of schools and offices, these panels are widely adopted in airports, retail, and public transportation for advertising and information display. With the rise in online advertising and entertainment, the future of interactive displays looks promising, especially in North America and the global market.

Interactive Flat Panels Market Scope
Report Coverage	Details
Page number	172
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 10.69%
Market growth 2023-2027	USD 9.06 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	9.04
Regional analysis	North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution	North America at 42%
Key countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
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
Market dynamics	Parent market analysis, Market Forecasting, 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.
Customization purview	If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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