SAN FRANCISCO, May 30, 2023 /PRNewswire/ -- The global
interactive display market size is expected to reach USD 75.06 billion by 2030, according to a recent
analysis from Grand View Research, Inc. The interactive or
touchscreen display is a display unit that accepts user commands
with the help of a finger or stylus in place of peripheral devices,
such as a mouse or keyboard. Additionally, these display includes
screens that project information, such as texts, images, and
videos. These display screens are used in various industries, such
as retail, healthcare, hospitality, and education. Rapidly
increasing adoption of touchscreen tables as well as video walls in
the hospitality and corporate sectors is expected to drive the
market during the forecast period. The touchscreen table acts as a
menu board to indicate the waiting time of the orders taken from
the customer, along with prices and ingredients. Furthermore, the
use of touchscreen tables in corporate meetings has been observed
to provide a better experience for the clients as well as
employees. The use of such technology in offices allows better
engagement between employees, management, and clients.
Key Industry Insights & Findings from the report:
- The retail segment is anticipated to observe the fastest
growth, growing at a CAGR of 9.1% throughout the forecast period.
Demand for touch-enabled displays is anticipated to increase in the
retail sector over the coming years owing to the growing trend of
touch-based devices and increased usage of the interactive kiosk
and tables. For instance, several big retail store chains, such as
Walmart, have started to use kiosks to display products, along with
their pricing and specifications, thereby easing the in-store
experience of the customers.
- In February 2023, SMART
Technologies unveiled its latest interactive displays designed for
educational purposes at the TCEA Convention & Exposition held
in San Antonio, Texas in 2023. The
newest release comprises the SMART Board GX (V2) series and the
SMART Board MX (V4) series. With this launch, these new displays
are part of the SMART Board 6000S as the first interactive displays
that enable multiple users to write, erase, and gesture
simultaneously, on any platform and application.
- The video wall segment is anticipated to observe the fastest
growth, growing at a CAGR of 11.2% throughout the forecast period.
An interactive video wall typically refers to a large display,
consisting of multiple screens or projectors tiled together to form
a single large visual display. The display can be used to showcase
various types of media, including videos, images, and
animations.
- Asia Pacific is expected to
witness the fastest growth, growing at a CAGR of 10.2% throughout
the forecast period. Interactive displays have seen tremendous
growth in Asia Pacific in recent
years, driven by increasing demand from various sectors such as
education, corporate, and healthcare. The Asia Pacific region is home to some of the
fastest-growing economies in the world, and the adoption of
interactive displays is driven by factors such as technological
advancements, increasing investments in education, and growing
demand for interactive communication tools.
Read full market research report for more Insights,
"Interactive Display Market Size, Share & Trends Analysis
Report By Display Type (Interactive Kiosk, Interactive Video Wall),
By Application (BFSI, Healthcare, Retail), By Region, And Segment
Forecasts, 2023 - 2030", published by Grand View Research.
Interactive Display Market Growth & Trends
The banking, financial services, and insurance (BFSI) industry
has seen rapid growth in the adoption of interactive displays in
recent years. Interactive displays are becoming more popular in the
BFSI industry due to their ability to improve customer engagement,
enhance the customer experience, and increase the efficiency of
business operations. One of the main reasons for the growth of
interactive displays in BFSI is the increasing demand for digital
transformation. With the rise of digital banking and online
transactions, customers are looking for more convenient and
user-friendly ways to interact with their financial institutions.
Interactive displays provide an intuitive and engaging interface
for customers to navigate through banking services and products,
making the customer experience more enjoyable and personalized.
The COVID-19 pandemic has had a significant impact on the
interactive display industry, both in the short and long term. With
the shift to remote work, remote learning, and virtual meetings,
the demand for interactive displays has increased as they offer an
immersive and engaging way to communicate and collaborate from a
distance. In the short term, the pandemic caused significant
disruptions in the supply chain, which in turn led to production
delays and increased costs for interactive display manufacturers.
With the global spread of the pandemic, many countries implemented
lockdowns and restrictions on movement, which had a significant
impact on global trade and transportation. This, coupled with the
closure of factories and warehouses, led to supply chain
disruptions, causing delays in the delivery of raw materials and
components necessary for the production of interactive displays. As
a result, manufacturers were forced to either delay production or
source materials at a higher cost, which ultimately increased the
cost of these displays for consumers.
Interactive Display Market Segmentation
Grand View Research has segmented the global interactive display
market on the basis of display type, application, and region
Interactive Display Market - Type Outlook (Revenue, USD
Billion, 2017 - 2030)
- Kiosk
- Video Wall
- Tables
- Monitor
- Whiteboard
Interactive Display Market - Application Outlook
(Revenue, USD Billion, 2017 - 2030)
- Retail
- Hospitality
- Healthcare
- Transportation
- BFSI
- Corporate
- Entertainment
- Education
- Others
Interactive Display Market - Regional Outlook (Revenue,
USD Billion, 2017 - 2030)
- North America
-
- Europe
-
- Asia Pacific
-
- Latin America
-
- Middle East & Africa
List of Key Players of Interactive Display Market
- Panasonic Corporation
- Horizon Display, Llc
- Lg Display Co.
- Ideum
- Marvel Technology (China) Co.,
Ltd
- Sharp Corporation
- Tableconnect
Check out more related studies published by Grand View
Research:
- Interactive Whiteboard Market - The global
interactive whiteboard market size is expected to reach
USD 6.26 billion by 2030, expanding
at 8.0% CAGR from 2023 to 2030, according to a new report by Grand
View Research, Inc. The rapidly evolving education sector, increase
in online education, and advancements in technical infrastructure
by educational and corporate institutions are the key driving
factors behind the expansion and growth of the interactive
whiteboard industry.
- Interactive Tables Market - The global interactive
tables market size is expected to reach USD
1.5 billion by 2027, registering a CAGR of 7.2% over the
forecast period, according to a new study by Grand View Research,
Inc. Implementation of multi-touch technology in the education
sector is expected to drive the market over the forecast period.
Growing demand for digital classrooms that allow numerous students
to work together for cooperative learning is expected to boost
market growth.
- Interactive Video Wall Market - The global interactive
video wall market size is expected to reach USD 8.4 billion by 2025, registering a CAGR of
10.1% over the forecast period, according to a new report by Grand
View Research, Inc. Increasing adoption of interactive video walls
in educational institutes is expected to drive the growth. The
market growth is ascribed to the rising demand for digital
classrooms that allow students to work together for cooperative
learning.
Browse through Grand View Research's Display Technologies
Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting
company, provides syndicated as well as customized research reports
and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425
analysts and consultants, adding more than 1200 market research
reports to its vast database each year. These reports offer
in-depth analysis on 46 industries across 25 major countries
worldwide. With the help of an interactive market intelligence
platform, Grand View Research Helps Fortune 500 companies and
renowned academic institutes understand the global and regional
business environment and gauge the opportunities that lie
ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
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