Market Highlights
Magic Wall Interactive Surfaces Market Size have paved their way in residential areas as well by introducing study devices for children to entertainment digitals projectors for adults. Magic Wall Interactive Surfaces Market Analysis shows CAGR to increase by 27.32% as per the 2030 market forecast.
Magic Wall Interactive Surfaces is a technology used to project holographic images virtually that can be fully interactive and serve as a grand platform for displaying digital content. This technology is expected to grow significantly in the coming years, with the global Magic Wall Interactive Surface market size expected to reach a CAGR of 28.34% during the forecast period and expand further into various industries . The technology is lightweight and magnetic with a plug-and-play and maintenance-free set up. It can be used to make an interactive video wall or to create an information search system.
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Magic wall interactive surfaces technology is also being used to create educational toys. Traditional tools of learning are becoming outdated which is providing opportunities for the growth of the global magic wall interactive surfaces market. With the use of magic wall interactive surfaces, children and students can create their games and design interactive projection environment. Motivated by the potential magic wall interactive surfaces store, various technology companies are foraying into the magic wall interactive surface space, which has resulted in novel product developments. For instance, in February 2018, a new interactive display software was launched which deliver a wide range of immersive interactive experiences.
Furthermore, magic wall interactive surface is used to attract and draw in clients. They have become very common in malls, offices, as well as educational purposes.
Segmentation:
The global magic wall interactive surfaces market has been segmented based on component, application, and end-user.
By component, the global magic wall interactive surfaces market has been segmented into hardware and software. The hardware segment has been segmented into camera, emitting devices, display, processing unit, and others.
By application, the global magic wall interactive surfaces market has been segmented into architecture, home entertainment, advertising, digital signage, healthcare, education, corporate, and others. The architecture segment has been further segmented into event design and interior design.
By end-user, the global magic wall interactive surfaces market has been segmented into entertainment, healthcare, analytics, and others.
Regional Analysis
By region, the global magic wall interactive surfaces market has been segmented into North America, Asia Pacific (APAC), and the rest of the World (RoW). North America is the leading market for magic wall interactive surfaces. Massive entertainment industry which rapidly adopts the latest technologies has supported the growth of the market in the region. In addition, presence of significant players in the region acts as a plus for the market growth. Europe is the second largest market for magic wall interactive surfaces due to its broad adoption across diverse industry verticals. The UK, Germany, and France are the key contributors to the Europe magic wall interactive surfaces market. The APAC market is led by China, Japan, and India. The MEA market accounts for the least share of the market.
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Competitive Landscape
The key players in the global magic wall interactive surfaces market include Microsoft Corporation (US), WSI (Canada), Planar systems (US), GestureTek (Canada), Envision Group (US), Sony Corporation (Japan), Reactrix Inc. (US), Vertigo (Argentina), Touch Magix (India), and Ubi Interactive (US).
Industry Updates
In June 2018, Disney Research, a network of research labs supporting The Walt Disney Company created an interactive smart walls with conductive paint. The new technology makes a window display an opaque image that can be turned into transparent.
Magic Wall Interactive Surfaces Market Research Report, by Components (Cameras, Emitting Devices, Displays), by Application (Architecture, Home Entertainment, Digital Signage, Healthcare), End-User (Entertainment, Analytics) – Global Forecast till 2030
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