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Based on product type, the market is segmented into video wall, interactive whiteboards, interactive flat panels, interactive projectors, and others. Interactive whiteboards accounted for a market share of around 30% in 2023. They provide teachers with a versatile platform to present dynamic lessons, incorporating animations, videos, diagrams, and real-time content from the internet. This flexibility allows teachers to tailor their instruction to different learning styles and adapt to students' needs, creating a more personalized learning environment. Features like screen recording and annotation sharing enable remote learning options and facilitate asynchronous discussions, enhancing accessibility and convenience. Most interactive whiteboards on the market today utilize LCD (Liquid Crystal Display) technology as LCD screens are generally more affordable than other display technologies like OLED, making them a more practical choice for educational institutions with budget constraints.
Based on display technology, the market is segmented into LCD, LED, OLED. The LCD segment is estimated to register a CAGR of over 3.5% during the forecast period of 2024 to 2032. LCD technology has been a major contributor to the market growth, primarily due to affordability, durability, and versatility. Compared to other options like OLED, LCD screens offer significant cost savings, making them accessible to a wider range of educational institutions. Their robust nature withstands the wear and tear of classrooms, ensuring long-lasting use. LCD seamlessly integrates with various touch technologies, from resistive to capacitive, ensuring a smooth and responsive user experience regardless of the chosen hardware. This adaptability allows schools to choose the solution that best fits their needs and budget, without being restricted by technological limitations. New features like gesture recognition, voice control, and advanced screen sharing are readily incorporated into LCD-based displays, keeping education smart displays at the forefront of learning technology. New advancements like energy-efficient backlighting and improved color reproduction make LCD displays even more attractive, ensuring a sustainable and visually engaging learning experience.
North America was a major contributor to the global education smart display market size in 2023, accounting for a market share of over 30%. This is attributable to the rapid rise for EdTech investments and the increasing adoption of digital learning solutions. Government initiatives like the E-Rate program and state grants provide crucial funding, while growing EdTech investments from private entities further fuel market growth. The rising emphasis on personalized learning creates a fertile ground for smart displays AI-powered features that cater to individual student needs. Furthermore, collaborative learning strategies are gaining traction, perfectly aligning with smart displays ability to facilitate group projects and real-time feedback. This shift aligns with the digital transformation sweeping through U.S. schools, where smart displays bridge the gap between traditional and digital learning environments.