Projector Screen Market To Expand CAGR of 15.3% By 2026 | Elite Screens, Stewart Filmscreen, Da-Elite, Silver Ticket Products, Seiko Epson Corporation, Custom Display Solutions, Grandview Screen, Harkness Screens International Ltd, Swastik Telon, Vutec, B

According to March 2019 Published Report, the global projector screen market was valued at US$ 86.4 billion in 2017, and is projected to reach US$ 308.6 billion by 2026, exhibiting a CAGR of 15.3% over the forecast period which include research on by Projector Screen Type (Wall/Ceiling Screens, Portable Screens, Fixed Frame Screens, and Other Screens), by Application (Professional Use and Personal Use), by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) published by Coherent Market Insights.

Major players operating in the projector screen market include, Elite Screens Inc., Stewart Filmscreen Corporation, Da-Elite, Silver Ticket Products, Seiko Epson Corporation, Custom Display Solutions, Inc., Grandview Screen, Harkness Screens International Ltd, Swastik Telon, Vutec Corporation, Barco NV, and Dnp Denmark A/S.

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Among application, the professional use segment (mainly small and medium enterprises) are expected to contribute majorly to the global projector screen market growth. For instance, according to the World Bank, in 2017, around 365-445 million MSMEs were present worldwide. The number of SMEs in Europe was 23 million, according to the European Commission in 2015.

In 2017, the wall/ceiling projector screen segment held a dominant position in the market and is expected to witness considerable growth during the forecast period. This wall/ceiling projector screen is a permanently installed screens, which can be mounted on the wall or ceiling. This projector screen has a feature of electric and roll out operations and is usually much smaller in size. This projector screen is majorly used in corporate companies, educational institutes, home theaters, and as customized small screens for live events, seminars, luxury hotels, and lounge.

North America held the dominant position in global projector screen market and is expected to retain its dominant position over the forecast period. The U.S. and Canada are the major growth engines for the market in North America. North America accounted for a market share of 38.1% by value in the global projector screen market in 2017. This is majorly due to high presence of SMEs and large-sized enterprises and educational institutes and high disposable income of people in the region. Moreover, introduction and increasing application of UST projectors and ST projectors is also contributing to growth of the projector screen market in this region.

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