The report looks at current trends in the market and further growth potential, estimating a compound annual growth rate (CAGR) of 8.1% between now and 2025.

According to MarketsandMarkets, the segment is currently worth $9bn, but such is the level of demand for these products that it forecasts significant growth over the next five years.

“The market growth can be attributed to several factors, such as growing demand for gamification and digital classrooms, growing adoption of interactive displays in retail sector,” MarketsandMarkets says.

“Then there is also a declining price of displays, easy availability of interactive products, and increased end-user engagement by using interactive displays for various applications, such as learning, presentations, signage, wayfinding, and ticketing.”

Interactive displays with screen sizes between 32” and 65” were the most popular product in the market in 2019, with these mainly used across the healthcare and hospitality sectors.

However, MarketsandMarkets expects flat panel type to dominate the interactive display market during the period to 2025.

North America currently leads the sector, with the national market expected to grow significantly over the next few years in North America. Mexico is also set for growth as it rapidly adopts interactive displays in the near future.

If you have an interesting story or a view on this news, then please e-mail news@signlink.co.uk

Follow Rob on: