At 6.3% CAGR, North America Interactive Display Market is Projected to be Worth US$ 5,075.30 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the North America interactive display market was valued at US$ 3,104.67 million in 2023 and is expected to reach US$ 5,075.30 million by 2031, registering a CAGR of 6.3% from 2023 to 2031. Rising demand for smart learning and increasing need for effective collaboration are among the critical factors attributed to drive the North America interactive display market growth.

The governments of several countries are increasingly investing in interactive displays to support smart education frameworks and develop suitable infrastructure for digital classrooms. For instance, according to the Center for American Progress (CAP), in September 2022, the US spent ~US$ 1,100 billion on modernizing and replacing outdated school buildings. The governments of different countries have surged the adoption of interactive displays for education systems, as it helps users improve visualization of content with smart viewing and allows them to display two or more materials at the same time on the same screen. The expansion of the education sector further encourages market players to develop innovative solutions for easy teaching and learning processes. For instance, in May 2023, LG Electronics Inc. unveiled the LG Create Board Interactive whiteboard solution for use in virtual classrooms. This interactive display enables both teachers and students to view or access and provide a fluid writing and sketching experience. Thus, the rising demand for smart learning drives the growth of the interactive display market.

On the contrary, high initial and maintenance Cost hampers the growth of North America interactive display market.

Based on product, the North America interactive display market is segmented into interactive kiosks, interactive whiteboards, interactive tables, interactive video walls, and interactive monitors. The interactive kiosks segment held 35.3% share of North America interactive display market share in 2023, amassing US$ 1,095.86 million. It is projected to garner US$ 1,852.65 million by 2031 to register 6.8% CAGR during 2023-2031.

In terms of panel size, the North America interactive display market is segmented into 17-32 inches, 32-65 inches, and above 65 inches. The above 65 inches segment held 56.2% share of North America interactive display market in 2023, amassing US$ 1,744.17 million. It is anticipated to garner US$ 2,956.07 million by 2031 to expand at 6.8% CAGR during 2023-2031.

By panel type, the North America interactive display market is divided into flat, flexible, and transparent. The flat segment held 43.3% share of North America interactive display market in 2023, amassing US$ 1,344.21 million. It is projected to garner US$ 2,278.22 million by 2031 to expand at 6.8% CAGR from 2023 to 2031.

Based on industry vertical, the North America interactive display market is categorized into retail & hospitality, healthcare, BFSI, education, entertainment, and others. The education segment held 27.8% share of North America interactive display market in 2023, amassing US$ 861.64 million. It is predicted to garner US$ 1,537.22 million by 2031 to expand at 7.5% CAGR between 2023 and 2031.

Based on country, the North America interactive display market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 73.9% share of North America interactive display market in 2023. It was assessed at US$ 2,295.29 million in 2023 and is likely to hit US$ 3,848.17 million by 2031, registering a CAGR of 6.7% during 2023-2031.

Key players operating in the North America 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, among others.

• In April-2023, Samsung Electronics Co., Ltd. launched a new interactive display with upgraded features and a powerful software solution at Bett (British Educational Training and Technology) 2023, the world's largest education technology exhibition in London. The 30,000 educators in attendance can explore the future of education with the cutting-edge Samsung Interactive Display and Samsung Whiteboard App.
  
  
• 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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