Interactive Display Market worth USD 29439.1 million by 2027
The Market Statsville Group (MSG) publishes the new report on the "Interactive Display Market by Panel Type (Flat Panel, Flexible Panel, and Transparent Panel), by Technology (OLED, LED, LCD, and QD), by Screen Size (Less than 35, 35 to 60, and More than 60), by End-Users (Healthcare, Retail, BFSI, Military & Defense, Education, and Other), by Application Outlook (Interactive Table, Interactive Monitor, Interactive Kiosk, and Interactive Whiteboard), by Region – Global Share and Forecast to 2027". By 2027, the global interactive display market size is expected to grow USD 29439.1 million from USD 17,748.1 million in 2020, at a CAGR of 8.8% during the forecast period. As touch devices become more accessible, the number of touch sensor devices increases. Touch-based gadgets require a display panel to function, contributing to the proliferation of display devices. As a result, many home appliances, such as microwaves, washing machines, refrigerators, and chimneys, are outfitted with touch-sensitive screens. Furthermore, the car industry has seen an increase in advanced display devices in vehicles, such as the digital dashboard, digital rearview mirrors, heads-up display, navigation system, and others.
Moreover, the use of touch-based displays in commercial buildings such as theaters, entertainment hubs, malls, and others has increased due to these structures' complex and large architecture. These displays are incorporated with touch sensors, which the user can navigate and extract other information. The trend of touch-based devices is driving the growth of the interactive display market.
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Global Interactive Display Market Segmentation
The overall interactive display market has been segmented into panel type, technology, screen size, end-users, application, and region.
- By Panel Type (Flat Panel, Flexible Panel, and Transparent Panel)
- By Technology (OLED, LED, LCD, and QD)
- By Screen Size (Less than 35, 35 to 60, and More than 60)
- By End-Users (Healthcare, Retail, BFSI, Military & Defense, Education, and Other)
- By Application Outlook (Interactive Table, Interactive Monitor, Interactive Kiosk, and Interactive Whiteboard)
- By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)
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Less than 35, by screen size, is estimated to hold the largest market share during the forecast period
By screen size, the global interactive display market is segregated into less than 35, 35 to 60, and more than 60. The less than 35 segments generated the highest revenue of 57.3% of the total global interactive display market in 2020, and it is expected to register a significant CAGR from 2021 to 2027. 10” to 35” size displays come in a slim, sleek design built to survive the rigors of public use. These size displays offer high performance, panel mount, wall mount, and high brightness readable touch screen monitors and are used for advertisement in different industries. In addition, 10 to 35 size displays feature ultra-thin profile, high contrast ratio, and integrated capacitive touch screen.
U.S. and Canada collectively accounted for about 33.6% share of the less than 35" interactive display market in 2020, with the former constituting around 21.3% share. During the forecast period, India and South Korea are expected to witness growth at a CAGR of 14.8% and 11.4%, respectively. The cumulative share of these two segments was 6.7% in 2020 and is anticipated to reach 10.4% by 2027.
North America accounts for the largest market share in the interactive display market 2020
Based on the regions, the global interactive display market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, North America accounted for the highest market share of 36.9% in the global interactive display market and was anticipated to maintain its dominance throughout the forecast period. The countries considered in the North America region are the U.S., Canada, and Mexico. North America is the highest penetration region of touch screen technology, owing to the rise in demand for mobile phones, tablets, and gaming applications. The rise in the adoption of touchscreen displays in the government and education sector is driving the growth of the interactive display market in this region. The U.S. is the major revenue generator of the interactive display market in this region.
New development in touch screen technologies has shifted from single touch screen too sensitive multitouch screens. Continuous advancement in technologies helps improve the quality of touch screens. Innovation in touch screen displays is the key driver that boosts the market growth during the forecast period. An increase in demand for touch screen displays with the new advancement is expected to drive the interactive display market growth.
This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the interactive display market. It also consists of leading companies such as LG Electronics, NEC Corporation, Sharp Corporation, Samsung Electronics Co. Ltd., ViewSonic Corporation, Planar Systems, Baanto International Ltd., Elo Touch Solutions, Crystal Display Systems Ltd, and Horizon Display Inc.
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About Market Statsville Group
Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.
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