Education Smart Display Companies - SAMSUNG (South Korea) and LG Electronics (South Korea) are the Key Players
The education smart display market is projected to reach USD 4.1 billion by 2029 from USD 3.4 billion in 2024 at a CAGR of 4.0% during the forecast period. Digital transformation in learning, rising demand for collaborative learning, and technological advancements, emphasis on interactive learning experiences, integration of IoT and AI in educational tools are the major factors driving the market growth.
The major players in the education smart display market with a significant global presence include SAMSUNG (South Korea), LG Electronics (South Korea), Newline Interactive (US), PPDS (Philips) (Netherlands), and Sharp NEC Display Solutions (US). Market participants have implemented a combination of organic and inorganic growth tactics, including product launches, partnerships, collaborations, acquisitions, and joint ventures. These strategic initiatives have proven instrumental in bolstering their global presence and augmenting their market share within the education smart display sector. By introducing innovative products and engaging in strategic collaborations, these entities have successfully extended their reach worldwide, delivering cutting-edge interactive display solutions tailored for educational purposes.
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SAMSUNG focuses on both, organic growth strategies such as product developments and inorganic growth strategies such as acquisitions, collaborations, and partnerships to strengthen its market position. For instance, in October 2023, SAMSUNG partnered with STS EDUCATION to provide schools with Interactive Displays, offering benefits such as installation and maintenance services by STS EDUCATION, along with access to SAMSUNG's development resources, enhancing the overall learning experience. However, the company also focuses extensively on developing enhanced smart display solutions and maintains a broad interactive display product portfolio for educational needs. For instance, in March 2023, SAMSUNG unveiled an upgraded interactive display and powerful software, showcasing its commitment to addressing evolving educator needs with customizable and feature-rich classroom technology.
LG Electronics employs a dual focus on growth through both organic and inorganic strategies. This approach involves initiatives like product launches and collaborations to reinforce its standing in the display market. By making significant investments in research and development, the company emphasizes driving product advancements and technological innovations. A notable example is the January 2023 launch of LG CreateBoard, a purpose-built solution tailored to meet the diverse needs of in-person, remote, and blended learning environments. Additionally, LG has actively engaged in collaborations and partnerships to broaden its reach and capabilities, leveraging the expertise of industry peers to develop innovative solutions aligned with evolving market demands.
Newline Interactive adopts strategies such as partnerships to strengthen its position in the interactive display market. In 2023, Newline Interactive and Coirle joined forces in a strategic partnership to empower educators with easy access to interactive classroom activities. In August 2022, Newline Interactive entered into a collaboration with MobileMind to offer Newline content on MobileMind's professional learning hub. The company is focused on forming strategic partnerships and alliances to expand market reach and enhance its product ecosystem.
PPDS (Philips) adopts strategies such as partnerships to strengthen its position in the interactive display market. In 2021, PPDS partnered with i3 Technologies to enhance its education-focused Philips displays, including the T-Line, with advanced features and cloud content sharing via 'i3LEARNHUB. Sharp NEC's strategic choices underscore a clear commitment to growth and expansion. By developing customized solutions, investing in user-friendly displays, and expanding into high-growth markets, the company positions itself to capture new opportunities.
Sharp NEC Display Solutions employs a comprehensive approach, combining organic growth strategies like introducing new products with inorganic growth strategies such as forming partnerships and collaborations. This dual strategy is geared towards enhancing the company's standing in the education smart display market. By channeling significant investments into research and development activities, Sharp NEC aims to propel product advancements and technological innovations, ensuring it stays at the forefront of the market. In January 2024, Sharp introduced the PN-LA series, the latest advancement in the AQUOS BOARD interactive display line. Combining a sleek design with high-performance touch capabilities, these displays prioritize IT security while offering flexibility. In recent years, the company has focused on collaborations and partnerships to expand its reach and capabilities, leveraging the expertise of other industry players, and developing more enhanced solutions that address evolving market demands education smart displays.
Related Reports:
Education Smart Display Market by Product Type (Whiteboard, Video Wall), Display Size (Above 55", Up to 55"), Display Technology (LCD, Direct-view LED, OLED), Resolution (4K & Above, FHD, Less than HD & HD) and Region - Global Forecast to 2029
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