Global Interactive Whiteboard (IWB) Market Report and Forecast 2024-2032

Global Interactive Whiteboard (IWB) Market Outlook

The global interactive whiteboard (IWB) market size reached approximately USD 5.38 billion in 2023. The market is further projected to grow at a CAGR of 5.9% between 2024 and 2032, reaching a value of USD 9.01 billion by 2032.

Key Trends in the Market

Interactive whiteboards refer to whiteboards equipped with an interactive display that reacts to user input through other devices or directly. These whiteboards have the ability to digitalise operations and tasks by connecting to the internet and are found in various settings including corporate, government, and education, among others.

• The rising requirement for streamlined communication is aiding the interactive whiteboard (IWB) market growth as these boards share and store marked up lessons and presentations so that the students and professionals that miss the meeting or the lesson receive the required data. The interactive whiteboards also encourage communication and collaboration which are essential especially for remote meetings.

• The increasing popularity of e-learning and remote teaching is providing lucrative growth opportunities to the market. Interactive whiteboards allow the educators to design, implement, and analyse functions to enhance the student learning experience.

• The easy integration of whiteboards with additionally technologies and devices is further supporting the market expansion. These integrations aid in project management, strategizing, presenting, and mapping. They also allow the educators to record lesson plans and demonstrations to broadcast remotely to their students.

Global Interactive Whiteboard (IWB) Market Analysis

On the basis of offering, the market is bifurcated into hardware and software. Based on form factor, the market is divided into fixed and portable. On the basis of projection technique, the market is classified into front projection and rear projection.

Based on screen size, the market is categorised into less than 50 inches, 50 to 90 inches, and above 90 inches. On the basis of technology, the interactive whiteboard (IWB) market segmentation includes infrared, resistive, capacitive, and electromagnetic, among others.

Based on end use, the market is segregated into education, corporate, and government, among others. On the basis of region, the market is classified into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global interactive whiteboard (IWB) market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Samsung Electronics Co Ltd 

• Hitachi, Ltd. 

• Microsoft Corporation

• Panasonic Corporation 

• Seiko Epson Corporation 

• LG Corporation 

• Cisco Systems, Inc. 

• BenQ Corporation 

• Google LLC 

• Boxlight, Inc. 

• Others

Market Share by End Use

Education sector is expected to account for a significant interactive whiteboard (IWB) market share in the coming years owing to the increasing awareness about the various advantages associated with the utilisation of whiteboards in classrooms. Interactive whiteboards enhance the teaching experience by allowing the teachers to design creative lessons and illustrations. They also aid in encouraging student engagement, accommodating different learning and teaching styles, and reducing classroom costs. They also encourage visual learning by allowing the teachers to project videos and images on any subject or topic.

Market Share by Region

Europe is anticipated to witness significant growth over the forecast period. This growth can be attributed to the incorporation of different teaching styles by educators to enhance the student learning experience. Interactive whiteboards provide the teachers with innovative and novel techniques to teach the curriculum and allow the students to remember better and learn more. The rising adoption of online teaching by various educational institutions is further boosting the interactive whiteboard (IWB) market demand in the region.

Competitive Landscape

Samsung Electronics Co Ltd is a consumer electronics and appliance manufacturing company that is headquartered in Suwon-si, South Korea. The company is involved in the production of interactive whiteboards, mobiles and smartphones, semiconductors, and televisions, among others.

Hitachi, Ltd., headquartered in Tokyo, Japan, is a multinational electronics manufacturing company that was founded in 1910. The social innovation business of the company is centred around five growth factors including industry, mobility, IT, smart life, and energy.

Microsoft Corporation, headquartered in Washington, United States, is a multinational technology corporation. The company specialises in educational software, interactive whiteboards, artificial intelligence, augmented and virtual reality, touchscreen personal computers, and tablet PCs, among others.

Other interactive whiteboard (IWB) market key players include Panasonic Corporation, Seiko Epson Corporation, LG Corporation, Cisco Systems, Inc., BenQ Corporation, Google LLC, and Boxlight, Inc., among others.

Key Highlights of the Report