The Interactive Display Market is expected to reach $51.24 billion by 2031


Posted October 17, 2024 by Ankitareddy

The rising adoption of AR & VR technology to enhance consumer experiences and the rising demand for interactive kiosks in the retail sector is expected to create market growth opportunities.
 
The Interactive Display Market is projected to reach $51.24 billion by 2031, growing at a CAGR of 9.9% from 2024 to 2031. The market's expansion is fueled by the widespread use of interactive learning tools in classrooms, the increasing adoption of self-service displays in the hospitality industry, and the growing demand for interactive signage and kiosks. However, challenges related to the installation and maintenance of interactive display components could hinder market growth.

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Opportunities arise from the rising adoption of AR and VR technologies to enhance consumer experiences and the growing demand for interactive kiosks in the retail sector. Despite these opportunities, performance and accuracy issues pose significant challenges. Additionally, the emergence of AI-powered interactive displays marks a significant trend in the market.

Interactive Display Market Growth Drivers

Rising Demand for Interactive Signage and Kiosks The global demand for interactive flat panel displays and kiosks has been steadily increasing, driven by their adoption in retail and corporate sectors. The integration of interactive digital signage and kiosks boosts customer footfall and improves responses for enterprises and businesses. The surge in digital ad spending further fuels the demand for digital signage, with interactive features enhancing digital ad expenditure.

Leading companies like LG and Samsung are developing efficient interactive display solutions for smart cities. Interactive kiosks in smart cities, subways, and metro stations enable citizens to purchase tickets without visiting counters. Similarly, multinational corporations and IT parks deploy touch screens and interactive kiosks to improve employee engagement.

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Rising Adoption of Interactive Learning Solutions in Classrooms Interactive displays in classrooms facilitate advanced teaching and learning techniques. Over the past decade, the adoption of interactive whiteboards in educational settings has increased. Significant investments and initiatives aimed at transforming educational infrastructure with digital products and advanced technologies drive the market's growth.

Governments and educational institutions worldwide are prioritizing technologically advanced infrastructure to facilitate better knowledge-sharing between teachers and students. These initiatives, along with advancements in digital learning solutions, contribute to the increased demand for interactive whiteboards and flat panel displays in schools, colleges, K-12 institutions, and universities.

Interactive Display Market Trend

Emergence of AI-powered Interactive Displays The interactive display industry is evolving rapidly, driven by technological innovations such as AI integration. AI-powered displays offer users a more immersive interaction and presentation experience, enhancing collaborative learning in classrooms and improving meeting experiences in the corporate sector. The trend of AI-powered interactive displays is expected to gain momentum, driven by their advanced interaction capabilities.

In the retail sector, AI-powered displays provide personalized experiences to customers. By leveraging AI, interactive displays can contextualize data and create personalized advertisements. Increasing investments in digital signage and AI technologies, along with the growing integration of AI in display technologies, are expected to drive the demand for AI-powered digital signage.

Interactive Display Market Opportunity

Rising Adoption of AR & VR Technology to Enhance Consumer Experiences AR and VR are revolutionizing digital technologies. Advancements in display technologies and the rapid development of AR create market growth opportunities. AR Windows, resembling standard video displays for advertisements, use augmented reality to provide interactive experiences, enticing individuals to enter a store or visit a company’s website. This solution addresses the need for interactive displays to enhance engagement and increase footfall, thereby boosting sales conversions. These capabilities make AR Windows a favored form of advertising for several retail brands.

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Interactive Display Market Analysis: Key Findings

By Product:

In 2024, the interactive kiosks segment is expected to dominate the market with a share of over 38.0%, driven by their increasing adoption in various settings.

The interactive video walls segment is projected to record the highest CAGR, driven by enhanced viewer engagement and superior digital experiences.

By Panel Size:

The 32”–65” segment is expected to account for the largest share of over 54.0%, attributed to the wide range of displays and the development of wider and slimmer panels.

The 65” and above segment is projected to record the highest CAGR, driven by the increasing demand for large interactive displays in various sectors.

By Display Type:

The LCD segment is expected to dominate the market with a share of over 41.0%, attributed to their lower cost compared to LED and OLED displays.

The OLED segment is projected to record the highest CAGR, driven by R&D efforts to develop sustainable, efficient, and low-power-consuming displays.

By End User:
The retail segment is expected to dominate with a share of over 21.0%, driven by the increased use of interactive displays to enhance sales and customer engagement.

The hospitality segment is projected to record the highest CAGR, driven by the rising installation of interactive screens and kiosks in hotel reception or lounge areas.

Geographical Analysis:

North America is expected to account for the largest share of over 37.0%, driven by the widespread adoption of interactive displays across various sectors.

The Asia-Pacific market is projected to register the highest CAGR, driven by increasing government investments in the education sector and the rapid growth of the retail sector.

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Interactive Display Market: Key Companies

The report provides a competitive analysis based on an extensive assessment of leading players’ product portfolios and geographic presence, along with their key growth strategies over the past 3–4 years. Key players in the interactive display market include:

LG Electronics, Inc. (South Korea)

Samsung Electronics Co., Ltd. (South Korea)

Panasonic Holding Corporation (Japan)

Sharp NEC Display Solutions, Ltd. (Japan)

Leyard Group (China)

AUO Corporation (Taiwan)

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Issued By ankitab
Country India
Categories Advertising , Marketing , Research
Tags interactive display market
Last Updated October 17, 2024