Declining Prices of Displays Driving the Growth of Interactive Display Market Globally

In 2018, the global interactive display market generated $9.2 billion and is expected to reach $16.4 billion in 2024, registering a 10.4% CAGR during the forecast period (2019–2024). The market is growing due to the rising adoption of interactive display in the education sector and declining display prices and increasing panel size.

An electronic display which enables the users to control screen data through digital touchscreen interactions by using their fingertips or stylus pens is called an interactive display. These displays consist of accurate multi-touch feature that are responsive and smooth.

On the basis of product, the interactive display market is categorized into interactive whiteboard, flat panel, monitor, kiosk, video wall, and table. Among these, the interactive kiosk category dominated the market during the historical period (2014–2018) and is projected to account for the major of the market during the forecast as well.

The reason for this is the rising requirement for self-service terminals, growth in retail industry, and customer convenience. During the forecast period, the interactive flat panel category is expected to grow at the fastest pace.

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When end user is taken into consideration, the interactive display market is divided into banking, financial services, and insurance, hospitality & healthcare, transportation, retail, education, corporate & government, industrial, and others (which include military & defense, sports, and leisure).

Out of these, the largest share of the market was occupied by the education division during the historical period. This was attributed to the rising government initiatives focusing toward smart learning programs in the education sector. The fastest CAGR is expected to be registered by the hospitality & healthcare sector during the forecast period