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Exploring The Growth Factors Propelling The Projectors Market During 2023 -2032: MicroVision Inc., Aaxa Technologies Inc., LG Technologies Inc., Sony Group Corporation, Canon Inc
Projectors Market
Projectors Market Size, Growth Rate, And Forecast
The global projectors market size is expected to grow from $10.81 billion in 2022 to $11.49 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global projectors market size is expected to reach $14.17 billion in 2027 at a CAGR of 5.4%.
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Projectors Market Drivers
The increase in demand for projector screens in the educational sectors is driving the growth of the projector market going forward. Education is a place where execute advanced teaching techniques to students for a better learning experience. Projectors play a major role in projecting their presentation content to a larger and clear picture than the actual size of the picture, mainly in the education sector. For example, in Jan 2022, according to the report by eLearning Industry, a US-based e-learning journal website, the eLearning industry rose to more than $240 billion. Additionally, the worth of the E-learning market is predicted to hike by $374 Billion by 2026. Therefore the demand for projector screens in the educational sectors is driving the growth of the projectors market.
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Projectors Market Segments
• By Type: Home Theater Projector, Business Projector, Portable Projector
• By Technology: DLP(Digital Light Processing), LCD(Liquid Crystal Display), LCOS (Liquid Crystal on Silicon)
• By Dimension: 2D,3D
• By Distribution Channel: Hypermarkets, Electronic Malls, Specialty Stores, Online Retail, Other Distribution Channels
• By Application: Business, Education, Home, Cinema, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the projectors market.
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Projectors Market Key Players
Major competitors in the projectors market are MicroVision Inc., Aaxa Technologies Inc., LG Technologies Inc., Sony Group Corporation, Canon Inc., Dell Technologies Inc., LG Technologies Inc., Optoma Technology Corp., Panasonic Corp., NEC Display Solutions Ltd., InFocus, Texas Instruments Inc.
The Business Research Company's "Global Projectors Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Projectors Market Include:
1. Executive Summary
2. Projectors Market Characteristics
3. Projectors Market Trends And Strategies
4. Projectors Market - Macro Economic Scenario
5. Projectors Market Size And Growth
………………
27. Projectors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Projectors Market
29. Projectors Market Future Outlook and Potential Analysis
30. Appendix
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