An Interactive Whiteboard (IWB) is an independent touchscreen computer utilized freely to perform operations and tasks via pen or finger. These devices are used at various places such as corporate board rooms, educational institutions, seminars, and in communicating studios. However, many companies provides user more options & greater flexibility to create effective lesson and improve student’s knowledge by providing multi-touch, gesture recognition, remote class, split screen, and multi-language features.
According to the global Interactive Whiteboard (IWB) industry size was valued at $4.29 billion in 2020, and is projected to reach $7.35 billion by 2030, registering a CAGR of 6.0%. Asia-Pacific is expected to be the leading contributor to the global market during the forecast period, followed by LAMEA and Europe.
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Major Factors Behnd the Growth of Interactive Whiteboard (IWB):
- Emergence of virtual classrooms & e-learning courses,
- Government initiatives for digital education, and
- Transformation of traditional whiteboard into digital whiteboard
- Growth in digitalization
- High adoption of electronics products
How COVID-19 boost the growth of Interactive Whiteboards (IWBs) in Education Sector?
The COVID-19 pandemic has forced the education sector to adapt quickly to new technologies and teaching methods. One technology that has seen a significant increase in demand during the pandemic is Interactive Whiteboards (IWBs).
With the shift to remote and hybrid learning, educators have had to find new ways to engage and interact with students. IWBs have been a vital tool in this effort, allowing teachers to create dynamic and interactive lesson plans that keep students engaged and motivated.
IWBs also provide a more collaborative learning experience, allowing students to work together in real-time, even when learning from different locations. This collaborative nature of IWBs has been particularly important during the pandemic, as students have had to rely on virtual communication to work on group projects and assignments.
Additionally, IWBs have made it easier for teachers to create and deliver lessons remotely. With features like screen-sharing and virtual collaboration tools, IWBs have allowed educators to continue teaching and engaging with their students, even when they cannot be physically present in the classroom.
Furthermore, IWBs have helped bridge the digital divide, providing students who do not have access to computers or tablets with a device that can facilitate remote learning. This has been particularly important in underserved communities, where access to technology is limited.
In conclusion, the COVID-19 pandemic has accelerated the adoption of Interactive Whiteboards (IWBs) in the education sector, as educators have looked for new and innovative ways to engage with their students in a remote or hybrid learning environment. As we move forward, IWBs are likely to continue playing a crucial role in education, helping to create more dynamic, interactive, and collaborative learning experiences for students.
Region wise, the Interactive Whiteboard (IWB) market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America contributed maximum revenue in 2020. However, between 2021 and 2030, the market in Asia-Pacific is expected to grow at a faster rate as compared to other regions. This is attributed to increase in demand from emerging economical countries such as India, China, Japan, and South Korea. The overall Interactive Whiteboard (IWB) market analysis is determined to understand the profitable trends to gain a stronger foothold.
IInteractive Whiteboard (IWB) Market Report Highlights
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BY SCREEN SIZE |
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Key Market Players | HITACHI, LTD., HORIZON DISPLAY INC., LG ELECTRONICS, MICROSOFT CORPORATION, PLANAR SYSTEMS (LEYARD OPTOELECTRONIC), RICOH COMPANY LTD., Samsung Electronics, Seiko Epson Corporation (EPSON), Sharp NEC Display Solutions of America, Inc., VIEWSONIC CORPORATION |
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