Interactive Tables Market — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast | Growth Market Reports
The global interactive tables market is projected to register a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the usage of the products across various end users such as restaurant, hospital, and others.
Interactive tables or multi-touch tables are one of the most cutting-edge innovations, which was primarily designed for children’s education system in schools, widely adopted in restaurants over the recent years. This technology provides an excellent option for dining purposes since it can display the information and services available of any establishment. Using the technology, guests can instantly access to service information and the menu upon seating, without having to wait for one to be delivered or passed around from waiter to numerous guests. Moreover, the touch table is also widely adopted for discussion and demonstration during business meeting. Box light launched a new conference room table, which was designed for maximum technical flexibility for meetings, presentation, and other interactive activities.
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Market Drivers, Restraints, Trends, and Opportunities
- Increasing installation of interactive tables in the hospitality sector globally is expected to drive the market growth.
- Growing demand for digital classrooms and wide adoption of multi-touch technology in the education sector are key drivers of the market growth.
- Rapid expansion of the restaurant chains and business organizations are acting key factors that raise the demand for multi-touch tables for providing information of their operations and services, thereby, boosting the market.
- High cost of the interactive tables is a major challenge that can restrict the market growth in the coming years.
- COVID-19 pandemic has disrupted business operations across the globe and temporary suspension of manufacturing facilities are posing restraining factors for the market.
Interactive table Market Segment Insights
In terms of types, the interactive table market is divided into LCD, LED, and capacitive. The LED segment is expected to constitute a major share during the forecast period owing to increasing demand in restaurant and malls for marketing purpose. Moreover, the rising demand for smart class solutions and advanced digital classroom technologies present key factors for the segment growth. Rising demand for LED technology is mainly influenced by factor such as less power consumption, less heat, and are less expensive than capacitive interactive tables.
The capacitive segment accounted for a high share in 2020 and is expected to hold a substantial share of the market during the forecast period owing , to its certain advantages such as adoption of the touch and distance sensors. These sensors offer several gesture-based features, such as two hand and multi touch gestures, which plays an important role for significant growth of the capacitive segment.
Based on applications, the global interactive tables market is segmented into 32–65 inch and 65 inch & above. The 32–65 inch held for more than 33% of the global share in 2020 and is anticipated to account for a major share during the forecast period owing to rapidly increasing adaptation of interactive tables in various sectors including education, hospital, and commercial. The 32–65 inch is a popular type of display table as it provides better clarity and highly portable. However, the 65 inch & above segment is estimated to hold a substantial share of the market during the analysis period.
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Regional Outlook
In terms of regions, the interactive tables market is broadly classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is anticipated to account for a large market share during forecast period. The regional market growth can be attributed to the presence of a large number of restaurants using interactive technologies in Canada and the US. Asia Pacific is expected to dominate the market in the coming years due to strong presence of touch tables solution providers and high adoption of touch table applications across several industries.
Competitive Landscape
Major players competing in the global interactive tables market include Box Light Corporation, Digalix, Eyefactive Gmbh, Garamantis Gmbh, And HORIZON DISPLAY.
Some of these companies are engaged in research activities to find new and advanced techniques to develop advanced interactive tables. Designing new products act as a main strategy to increase the demand for the products, which may result in the expansion of their footprint in the global market.
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