Interactive Display Market to Hit $75.06 Billion by 2030: Grand View Research, Inc.

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May 30, 2023, 06:00 ET

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

U.S.
Canada

Europe

U.K.
Germany
France

Asia Pacific

China
India
Japan

Latin America

Brazil
Mexico

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.

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