Magic Wall Interactive Surfaces Market Growing Geriatric Population to Boost Growth 2030
The Magic Wall Interactive Surfaces Market: An Overview
The magic wall interactive surfaces market refers to the industry around large-format, touch-enabled displays that are used for collaboration and visualization. These surfaces allow users to manipulate digital content by touch, gesture, or stylus.
Key Magic Wall Companies
Planar: A major vendor of large format LCD displays, interactive overlays, and supporting software like the Planar Visualization Experience. Recently acquired by Raven Industries.
Sharp: The NEC-Sharp division provides Aquos Board interactive displays optimized for whiteboarding, ideation, and remote collaboration.
MultiTaction: Develops modular, high-resolution LCD panels with proprietary embedded computing for large multitouch video walls.
Christie Digital: Offers rear projection displays and technologies for zero bezel video walls targeted at control rooms and visualization.
Ideum: Specializes in coffee table-sized multitouch tables, walls, and screens designed for retail and exhibit spaces. Provides custom hardware, software and services.
Market Drivers for Magic Wall Adoption
Declining hardware costs - Projection and large format displays are getting cheaper, enabling high-resolution video walls. Multi-touch add-ons and sensors also reduce costs.
Increasing enterprise digitization - Digital transformation initiatives in enterprises are driving demand for visual collaboration and immersive visualization capabilities.
Growth of design thinking - Magic walls support collaborative human-centric design processes used by many organizations and design agencies.
Education tech adoption - Interactive surfaces enhance student engagement and group learning. They also replace traditional whiteboards in classrooms.
Regional Insights
North America accounted for the greatest market share in 2022 due to higher penetration of the technology in corporate offices and education institutes. Asia Pacific is likely to exhibit rapid growth over the forecast period as the hardware and service ecosystem matures. Europe remains an important regional market, especially for retail usage.
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Industry Latest News
Planar acquired by drone analytics firm Raven Industries in a $250 million deal in November 2021, indicating demand for visualization.
MultiTaction raised $10 million in Series B funding in January 2022 to drive product innovation and US expansion.
Christie launched the Christie Mystique visualization solutions line in June 2022, targeting multi-user collaboration across sectors.
Sharp NEC announced a partnership with Avocor to integrate the latter's touch and inking technologies with Aquos Board interactive displays.
In summary, the magic wall interactive surfaces industry caters to the rising demand for visual, collaborative experiences in the corporate, education, and retail sectors. Advances in projection and touch technologies along with customizable software and declining costs are key drivers. The market is expected to witness robust growth as enterprises undertake digital transformation initiatives globally.
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