Smart Board Market Size, Share Report and Trends 2032 (2024)

Global Smart Board Market Overview:

Smart Board Market Size was valued at USD 3.6 Billion in 2022. The Smart Board Market industry is projected to grow from USD 3.8 Billion in 2023 to USD 7.19 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.00% during the forecast period (2024 - 2032). Factors such as the emergence of virtual classrooms & e-learning courses, government initiatives for digital education and the transformation of a traditional whiteboard into a digital whiteboard are expected to be significant market drivers for the Smart Board Market.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Smart Board Market Trends

Increasing demand for digital classrooms and various government initiatives are driving market growth

Market CAGR for Smart Board is driven by the increasing demand for digital classrooms and various government initiatives. In classrooms, various tools such as laptops, mobile phones, projectors, tablets and interactive whiteboards are employed to enhance the learning process and encourage participation. Between 2012 and 2019, there was a 36 percent increase in the number of students utilizing hybrid learning methods at traditional universities, with the COVID-19 pandemic in 2020 accelerating this growth by an additional 92 percent. Data from Europe reveals that in 2021, 27 percent of E.U. citizens aged 16 to 74 reported engaging in online courses or utilizing online learning materials, up from 23 percent in 2020. Smart boards play a crucial role in fostering a conducive communication environment that facilitates feedback from both educators and students. Additionally, gamification enhances the delivery of lectures by integrating educational content into a game format. Research conducted across various universities and colleges indicates that students exhibit improved learning outcomes when fully engaged in hands-on learning experiences. Smart boards facilitate multimodal learning, accommodating activities such as math problem-solving exercises or virtual tours using platforms like Google Earth. Beyond educational settings, gamification is also widely employed in training programs and meetings within businesses.

Government initiatives targeting the transition from traditional chalk blackboard classrooms to digital environments, alongside the growing importance of virtual learning and e-learning platforms, are anticipated to be key trends in the Interactive Whiteboard (IWB) industry. Both the central and state governments of India are actively providing digital interactive boards in numerous government schools nationwide, aiming to enhance educational quality and provide students with immersive learning experiences and comprehensive information access. In December 2021, the German government introduced the Digital Education Initiative to bolster digital education within the country. This national education platform is designed to facilitate access to digital learning resources, thereby promoting a foundational understanding of digital opportunities.

As a result, it is anticipated that throughout the projection period, demand for the Smart Board Market will increase due to Increasing Demand for Digital Classrooms and Various government initiatives. Thus, driving the Smart Board Market revenue.

Smart Board Market Segment Insights:

Smart Board Screen Size Insights

The Smart Board Market segmentation, based on Screen Size, includes Up to 69", 70"-90" and Above 90. The 70"-90 segment dominated the market, accounting for 58% of market revenue. Educational institutions, government agencies and corporate offices are driving the demand for smart boards with screen sizes ranging from 70" to 90". These boards are primarily utilized in training sessions and business meetings. In educational settings, where classroom teaching involves groups of students, typically around 30 per class, smart boards with screen sizes of 70" to 90" are preferred. They ensure optimal visibility of content, including teacher notes or textbook materials, for the entire class.

Figure 1: Smart Board Market, by Screen Size, 2023 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Smart Board Technology Insights

The Smart Board Market segmentation, based on Technology, includes Infrared, Resistive, Capacitive and Electromagnetic. The Infrared segment dominated the market, accounting for 58% of market revenue. In comparison to touch technologies such as capacitive touch or electromagnetic resonance (EMR), infrared technology typically offers a more budget-friendly option. This cost-effectiveness renders IR-based smart boards attainable for a broader spectrum of educational institutions, businesses and consumers.

Smart Board End User Insights

The Smart Board Market segmentation, based on End Users, includes Education, Corporate and Government. The Education segment dominated the market, accounting for 60% of market revenue. The integration of interactive whiteboards within educational institutions empowers teachers to effortlessly craft tailored learning materials using existing content, providing students with a dynamic visual learning experience in real time. Additionally, fostering student autonomy and expression, along with providing flexible learning timelines and the opportunity for remote learning, stand out as pivotal advantages bolstering industry expansion. Furthermore, the capability to deliver personalized and constructive feedback to individual students, coupled with the provision of tailored learning resources, emerges as a crucial element for student achievement.

Smart Board Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The anticipated expansion of the Smart Board market in North America can be attributed to several key factors. The North American market has witnessed substantial revenue growth, primarily driven by increasing demand for interactive whiteboards featuring advanced technological integration. Notably, the incorporation of Artificial Intelligence (AI) into interactive whiteboards represents a significant technological advancement. Businesses are prioritizing innovation in response to the rapid pace of technological progress, aiming to introduce a range of new product functionalities. Moreover, many enterprises are focused on merging modern technologies with traditional whiteboards to enhance user-friendliness. Consequently, numerous companies are investing efforts in integrating AI into Smart Boards to meet growing consumer demand. For instance, Bird AI unveiled three captivating communication tools on September 8, 2022, aimed at facilitating a hybrid work environment.

Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea and Brazil.

Figure 2: Smart Board Market SHARE BY REGION 2023 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Smart Board Market accounts for the second-largest market share as Europe dominates the Smart Board market share, primarily attributed to the increasing adoption of blended learning approaches in educational institutions. This trend has led to a surge in the use of interactive whiteboards across schools and colleges. In the EU, tertiary education enrollment reached 18.5 million students in 2021, with 59% pursuing bachelor's degrees. Bachelor's and master's degree students accounted for 88.7% of total tertiary enrollment in the EU, with notably high proportions reported in Poland, Croatia, Lithuania, Italy and Bulgaria. Conversely, lower shares were observed in Latvia, Austria, France, Luxembourg and Spain. Moreover, the market expansion is propelled by several multinational corporations offering advanced technical features and interactive tools to aid teachers in curriculum development. Further, the German Smart Board Market held the largest market share and the UK Smart Board Market was the fastest-growing market in the European region.

The Asia-Pacific Smart Board Market is expected to grow at the fastest CAGR from 2024 to 2032. This growth is attributed to government-funded e-learning initiatives in countries such as Japan and India, which have spurred demand for interactive whiteboards across the region. In the fiscal year 2022, school enrollment reached 26.5 crore children, with an additional 19.4 lakh children enrolled in Primary to Higher Secondary levels. Notably, the total enrollment of Children with Special Needs (CWSN) in fiscal year 2022 stood at 22.7 lakh, marking a 3.3% increase from fiscal year 2021. Enrollment rates surged across all levels, including Primary, Upper-Primary, Secondary and Higher Secondary, except the Pre-Primary level. During this period, approximately 1.0 crore children were enrolled in pre-primary, 12.2 crore in Primary, 6.7 crore in Upper Primary, 3.9 crore in Secondary and 2.9 crore in Higher Secondary education. The presence of renowned companies like Samsung Electronics, Panasonic and Sharp Technology significantly contributes to the region's thriving business environment. Moreover, China’s Smart Board Market held the largest market share and the Indian Smart Board Market was the fastest-growing market in the Asia-Pacific region.

Smart Board Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Smart Board market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Smart Board industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Smart Board industry to benefit clients and increase the market sector. In recent years, the Smart Board industry has offered some of the most significant advantages to the educational sector. Major players in the Smart Board Market, including Hon Hai Precision Industry Co., Ltd. (Foxconn) (Taiwan), Hitachi, Ltd. (Hitachi) (Japan), Samsung Display Co., Ltd. (Samsung) (South Korea), LG Display Co., Ltd. (LG Display) (South Korea), Panasonic Corporation (Panasonic) (Japan), NEC Display (NEC) (Japan), Ricoh Company (Ricoh) (Japan), Google LLC (Google) (US), Cisco Systems, Inc. (Cisco) (US), Microsoft Corporation (Microsoft) (US) are attempting to increase market demand by investing in research and development operations.

Hitachi Ltd (Hitachi) is a multinational conglomerate operating in various sectors, including information technology, electronics, power systems, social infrastructure, industrial systems and construction machinery. The company specializes in the manufacturing and distribution of a wide range of products and services, such as information and telecom systems, power systems, social infrastructure and industrial systems, construction machinery, electronic systems and equipment, automotive systems and smart life and eco-friendly systems. These offerings cater to diverse industries, including manufacturing, communications, finance, healthcare and life sciences, government, energy, automotive, aerospace, transportation, nuclear and technology. Hitachi operates through a network of affiliates, subsidiaries, associates and joint ventures spanning across regions such as Asia-Pacific, North America and Europe. The company's headquarters are located in Chiyoda-Ku, Tokyo, Japan. In October 2017, Hitachi unveiled the release of Hitachi Data Instance Director (HDID), version 6. This product enables companies to enhance recovery processes and eliminate backup windows. HDID leverages snapshots, clones and replication functionalities on HDS storage arrays.

LG Display Co Ltd (LG Display) is a leading manufacturer and supplier specializing in thin-film transistor liquid crystal display technology, with a focus on designing flexible displays, organic light-emitting diode (OLED) screens and other advanced display panels. The company's diverse product portfolio includes commercial displays, notebook displays, TV screens, mobile device displays, monitor screens, automotive displays and more. These display panels are available in various sizes and configurations to meet different market demands. LG Display leverages cutting-edge technologies such as OLED and LED to enhance its product offerings. Its displays are utilized in a wide range of applications, including notebook computers, desktop monitors, tablet devices, smartphones, automotive infotainment systems, portable navigation devices and medical diagnostic equipment. Operating across key global regions including China, the United States, Singapore, Japan, Malaysia and Germany, LG Display maintains a strong international presence. The company's headquarters are located in Seoul, South Korea. In a move to further its business expansion and innovation efforts, LG Electronics inaugurated a new business innovation center in Chicago, US, in February 2016, aimed at fostering development in LG's commercial displays and business solutions sector.

Key companies in the Smart Board Market include

• Hon Hai Precision Industry Co., Ltd. (Foxconn) (Taiwan)

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• Hitachi, Ltd. (Hitachi) (Japan)

  
  



• Samsung Display Co., Ltd. (Samsung) (South Korea)

  
  



• LG Display Co., Ltd. (LG Display) (South Korea)

  
  



• Panasonic Corporation (Panasonic) (Japan)

  
  



• NEC Display (NEC) (Japan)

  
  



• Ricoh Company (Ricoh) (Japan)

  
  



• Google LLC (Google) (US)

  
  



• Cisco Systems, Inc. (Cisco) (US)

  
  



• Microsoft Corporation (Microsoft) (US)

  
  

Smart Board Industry Developments

January 2023: Newline Interactive (U.S.), a prominent provider of collaboration and interactive whiteboard solutions, entered into a partnership with Google for the Education Partner Program. This collaboration equips educators with the necessary tools and services to facilitate remote, hybrid and in-person learning sessions effectively.

January 2017: SMART Technologies announced a global partnership with Choose2Matter, aiming to foster interactive learning environments across educational institutions.

Smart Board Market Segmentation:

Smart Board Screen Size Outlook

• Up to 69"

  
  



• 70"-90"

  
  



• Above 90"

  
  

Smart Board Technology Outlook

• Infrared

  
  



• Resistive

  
  



• Capacitive

  
  



• Electromagnetic

  
  

Smart Board End User Outlook

• Education

  
  



• Corporate

  
  



• Government

  
  

Smart Board Regional Outlook

• North America

  See Also

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• Asia-Pacific

  
  
  
  

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  • Latin America