Classroom Displays Market is Likely to Grow with a Striking CAGR of Over 30% Until 2020, Says Technavio

LONDON--()--According to the latest market study released by Technavio, the global classroom displays market is expected to reach USD 41.25 billion by 2020, growing at a CAGR of more than 30%.

This research report titled ‘Global Classroom Displays Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. To calculate the market size, the report considers the revenue generated from the sales of display devices to the education sector that includes K-12 schools and higher educational institutions.

Education technology hardware vendors have been continuously developing and improving the education system with the help of devices such as interactive displays, tablets, adaptive devices, and various types of software. Over the past decade, with the advent of technology, the education system has capitalized on the opportunity to use technology to its fullest potential and bring about a rapid change in the teaching delivery model.

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Technavio’s education analysts categorize the global classroom displays market into six major product segments. They are:

  • Education projectors
  • Interactive flat panels
  • Interactive tables
  • Interactive white boards (IWBs)
  • Wireless slates
  • Others

Global classroom display market by products 2015

Education projectors     34.07%
Interactive flat panels     11.81%
Interactive tables     32%
IWBs     12.80%
Wireless slates     3.95%
Others     5.37%

Source: Technavio

The top three product segments for the global classroom displays market are as follows:

Global classroom display market by education projectors

The global classroom display market by education projectors was valued at USD 3.78 billion in 2015 and should reach USD 6.09 billion by 2020, growing at a CAGR of 10.01%.

Increased adoption of projectors in schools and universities, growing demand for global standards of education, and new learning delivery models are fueling the demand for projectors. Although projectors are extensively used in all higher educational institutions, the K-12 sector is the growing market for projectors. Teachers have started relying on classroom projectors at all grade levels. Learning through video-based lectures is gaining popularity as it benefits students by helping them understand the concept better.

According to Jhansi Mary, a lead education technology analyst from Technavio, “Rising awareness among users about benefits of deploying projectors and the increasing demand from emerging regions such as APAC act as the key advantages for vendors in the market. As a result of the lucrative market prospects, vendors operating in other sectors are expanding their presence by developing education projectors.”

Global classroom display market by interactive tables

The global classroom display market by interactive tables segment was valued at USD 3.55 billion in 2015 and should reach USD 5.16 billion in 2020, growing at a CAGR of 7.77%.

Interactive tables are also known as multi-touch tables. They are used for collaborative learning methodology. The practice of direct group interaction for a given subject matter at the touch of a finger is becoming more rampant, especially among the younger generation. These children have become accustomed to the use of technological products in their daily lives. Interactive tables support individual activity while allowing all participants in the activity to individually and distinctively exchange resources.

“As instructors focus more on educational methods, which promote the development of social skills and collaboration, the market for tools such as interactive tables will see tremendous growth. The growth will majorly come from the primary education sector as the target students greatly benefit from interactive teaching methods,” says Jhansi.

Global classroom display market by IWBs

The global classroom display market by IWBs was valued at USD 1.42 billion and should reach USD 1.97 billion, growing at a CAGR of 6.77%.

The integration of media with education to enhance and support collaborative learning, and the use of flipcharts and interactive data in educational institutions are the major factors fueling the demand for IWBs. Educational institutions are encouraging dynamic learning and participation in classrooms. IWBs manufacturers help institutions achieve this with interactive tools they offer. They are widely used as a device to facilitate content delivery through e-learning and virtual learning.

Virtual learning helps foster interactivity among students and teachers and has brought the traditional classroom into a different setting, enabling ease of access to education. Digital video systems have further revolutionized traditional modes of teaching. Educational institutions, especially those in developing countries, are focusing on using collaborative learning methods in classrooms, for which IWBs are especially useful. This demand for advanced teaching methods is expected to continue and will increase during the forecast period.

The top vendors highlighted by Technavio’s research analysts in this report are:

  • BenQ
  • Promethean
  • Seiko Epson
  • Smart Technologies

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

According to the latest market study released by Technavio, the global classroom displays market is expected to reach USD 41.25 billion by 2020, growing at a CAGR of more than 30%.

$Cashtags

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com