At 5.6% CAGR, Europe Interactive Display Market is Projected to be Worth US$ 3,824.89 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the Europe interactive display market was valued at US$ 2,470.40 million in 2023 and is expected to reach US$ 3,824.89 million by 2031, registering a CAGR of 5.6% from 2023 to 2031. Rising demand for smart learning and increasing need for effective collaboration are among the critical factors attributed to drive the Europe interactive display market growth.

In today's environment, communication gadgets have transformed workplaces, with meeting technology taking center stage. Effective collaboration is a critical component of any company's productivity. Interactive displays are increasingly becoming a useful tool for improving teamwork. Digital whiteboards and touchscreens have increased the engagement and productivity of corporate meetings. Interactive displays allow users to communicate with their colleagues in a more user-friendly and engaging manner. These displays have wireless connectivity, which enables digital presentations and remote collaboration. As interactive displays allow users to participate in meetings from anywhere across the globe via video conferencing, it has become a useful solution for remote collaboration. Meetings have become much easier to attend and run with this tool, especially for remote workers and small organizations. Remote participants can effortlessly interact with meeting content through wireless connectivity and smart board technologies, increasing engagement and productivity. Furthermore, touchscreen displays are affordable, making them an excellent choice for small enterprises, particularly to improve productivity and streamline meetings. Thus, the rising demand for effective collaboration is raising the demand for interactive displays in the corporate sector.

On the contrary, high initial and maintenance cost hampers the growth of Europe interactive display market.

Based on product, the Europe interactive display market is segmented into interactive kiosks, interactive whiteboards, interactive tables, interactive video walls, and interactive monitors. The interactive kiosks segment held 34.0% share of Europe interactive display market share in 2023, amassing US$ 840.06 million. It is projected to garner US$ 1,340.73 million by 2031 to register 6.0% CAGR during 2023-2031.

In terms of panel size, the Europe interactive display market is segmented into 17-32 inches, 32-65 inches, and above 65 inches. The above 65 inches segment held 55.1% share of Europe interactive display market in 2023, amassing US$ 1,360.66 million. It is anticipated to garner US$ 2,184.67 million by 2031 to expand at 6.1% CAGR during 2023-2031.

By panel type, the Europe interactive display market is divided into flat, flexible, and transparent. The flat segment held 51.0% share of Europe interactive display market in 2023, amassing US$ 1,260.32 million. It is projected to garner US$ 2,022.80 million by 2031 to expand at 6.1% CAGR from 2023 to 2031.

Based on industry vertical, the Europe interactive display market is categorized into retail & hospitality, healthcare, BFSI, education, entertainment, and others. The education segment held 27.0% share of Europe interactive display market in 2023, amassing US$ 667.27 million. It is predicted to garner US$ 1,127.12 million by 2031 to expand at 6.8% CAGR between 2023 and 2031.

Based on country, the Europe interactive display market is categorized into Germany, France, Italy, the UK, Russia, and the Rest Europe. Our regional analysis states that Germany captured 25.9% share of Europe interactive display market in 2023. It was assessed at US$ 640.33 million in 2023 and is likely to hit US$ 1,066.44 million by 2031, registering a CAGR of 6.6% during 2023-2031.

Key players operating in the Europe interactive display market are Samsung Electronics Co Ltd, PROMETHEAN LIMITED, LG Electronics Inc, BOE Technology Group Co Ltd, Panasonic Holdings Corp, Sharp Electronics Corp, Hitachi Ltd, BenQ Corporation, SMART TECHNOLOGIES ULC, and ViewSonic Corporation, and among others.

• In January-2024, Sharp Electronics Corp. unveils its newest and most innovative set of AQUOS BOARD interactive displays to date. The PN-LA series provides a solution for enterprise customers looking for the ultimate solution in performance, security, and sustainability. The PN-LA series is the next incremental step in the AQUOS BOARD interactive display line, offering a sophisticated appearance, high-performance touch capabilities, and one of the most advanced security safeguards available.
  
  
• In April-2023, Promethean has launched the ActivPanel LX, a lower-priced panel that provides customers exceptional ease of use and flexibility, along with the quality and longevity the company is known for. The ActivPanel LX is a simplified, peripheral touchscreen panel that can be easily connected to a laptop with a USB-C cable or paired with a computing module to complement an existing Chrome or Windows environment.

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