Interactive Display Market in Asia Pacific is expected to expand at a rapid CAGR | Allied Market Research
Allied Market Research, titled, "Global Interactive Display Market by Panel Type, Technology, Screen Size, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global interactive display market size was valued at $14.63 billion in 2018, and is projected to reach $29.19 billion by 2026, growing at a CAGR of 8.80% from 2019 to 2026.
Interactive screens allow users to access and manipulate different files. These
screens include large-format interactive displays (LFID), interactive
whiteboards, interactive touchscreens, used for advertisement, education, and
another sector. The interactive display market is expected to grow increasing
the adoption of new technologies and rise in demand for touch-based devices.
The major factors that drive the global interactive display
market include growth in the flexible display technologies, increase in demand
for interactive whiteboard in education sector, and rise in trend of
touch-based devices. However, high cost of the latest display technologies such
as transparent display and quantum dot displays hinders the interactive display
market growth. Furthermore, upcoming applications in the flexible display
devices is expected to create lucrative growth opportunities for the global
interactive display market.
The companies operating in the market have adopted strategies such as agreement, partnership, product launch, and R&D, to increase their market share and expand their geographical presence. The global interactive display market is analyzed and estimated in accordance with the impact of the drivers, restraints, and opportunities. The period studied in this report is from 2018 to 2026, wherein the forecast period is from 2019 to 2026.
The scope of the report discusses the potential
opportunities for the market players to enter the global interactive display
market. Furthermore, it provides an in-depth analysis of the interactive
display market, outlining current trends, key driving factors, and key area of
investment. The study includes Porter’s five forces analysis of the industry to
determine the impact of suppliers, competitors, new entrants, substitutes, and
buyers on the market growth. Moreover, it features the strategies adopted by
key market players to maintain their foothold in the market.
Moreover, the display technology such as OLED has various
advantages over conventional display technologies such as being light in weight
and its flexibility, which have enabled it to gain competitive advantage over
other segments The OLED technology is recognized as a lighter and thinner
alternative than conventional LED and LCD systems. In addition, OLED panels do
not require any type of backlighting as compared to LCD. A stable performance
in sunlight is an additional advantage of OLED.
In July 23, 2019, Sharp Corporation launched new 4K Ultra HD
resolution large-format AQUOS BOARD interactive display systems, which has
whiteboard functionality with embedded system-on-chip (SoC) controller. Sharp
offers InGlass touch technology that provide semi flat surface, allow for more
comfortable with more accurate response.
Key Findings of the Interactive Display Market :
- In
terms of revenue, Flat Panel contributed the maximum market share in 2018,
and is expected to maintain its lead throughout the forecast period.
- Transparent
Panel is expected to grow at the highest CAGR during the forecast period.
- In
2018, North America accounted for over 38.6% share globally, and is
expected to dominate the interactive display market share in the future.
Based on region, the global interactive display market
trends are analyzed across North America, Europe, Asia-Pacific, and LAMEA. In
2018, in terms of revenue, North America accounted for 38.6% of total
interactive display market revenue and is expected to retain its dominant
position. However, Asia-Pacific is expected to grow at the highest CAGR, owing
to advancements in touch screen devices and rise in purchasing capacity.
The key players operating in the interactive display
industry include LG Electronics, NEC Corporation, Sharp Corporation, Samsung
Electronics Co. Ltd., ViewSonic Corporation, Planar Systems, Horizon Display
Inc., Baanto International Ltd., Crystal Display Systems Ltd., and Elo Touch
Solutions.
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