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Interactive Projectors Market - The Rising Demand For Interactive Projectors and The Increasing Technological Developme
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If the projections of the TMR report are to be believed, the global interactive projectors market will attain a value of US$5.97 billion by the end of 2025, with the demand multiplying at a steep CAGR of 21.80% during the forecast period of 2017 to 2025. Application-wise, the education sector is currently providing for the most substantial chunk of demand in comparison to corporate and government. In terms of product type, the interactive projectors market has been bifurcated into standard throw, short throw, and ultra short throw. The latter has been identified to remain most profitable.
Geographically, North America is the most lucrative region owing to high adoption rate of new technologies. That being said, the Asia Pacific interactive projectors market is forecasted to expand at an above-average CAGR of 24.30% during 2017 to 2025, which is a reflection of growing number of small and medium enterprises and government funding for the educational sector.
Striking advantages over conventional projectors is the primary driver of the growing demand for interactive projectors. The advanced projectors are ideal for e-learning, a trend that has been flourishing in the recent past. These projectors allow a teacher and more than one or two students to interact via the same screen simultaneously.
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As the technology is harnessed further, the overall cost of the products is also expected to fall down and be more affordable for a larger base of consumers. In the near future, the demand for DLP projectors is foreseen to expand quickly as they offer benefits such as high contrast ratio, images are immune to dust due to sealed optics, and are lot more cost efficient than 3LCD projectors.On the other hand, low awareness levels among a vast majority of potential consumers in a number of emerging economies and the advent of interactive flat panel displays are a few restraints holding back the progress of the interactive projectors market. Nevertheless, the growing demand for ultra short throw segment is anticipated to open new opportunities in the interactive projectors market.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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