Press release
Projectors Market Size, Trends And Forecast Report 2024-2033
Projectors Market
The Business Research Company offers in-depth market insights through Projectors Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The projectors market size has grown strongly in recent years. It will grow from $10.68 billion in 2023 to $11.33 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to business presentations and education, corporate sector investments, home entertainment systems, government and public sector usage, cinema projection upgrades.
The projectors market size is expected to see strong growth in the next few years. It will grow to $14.02 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to rise in home office setups, advancements in laser projection, gaming and entertainment, hybrid meetings and collaboration, outdoor events and large gatherings. Major trends in the forecast period include education technology (EdTech) adoption, technological advancements, growth in digital signage, rise of laser projection technology, rapid advancements in LED technology.
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Market Segmentation:
The projectors market covered in this report is segmented -
1) By Type: HomeTheater Projector, Business Projector, Portable Projector
2) By Technology: DLP(Digital Light Processing), LCD(Liquid Crystal Display), LCOS (Liquid Crystal on Silicon)
3) By Dimension: 2D,3D
4) By Distribution Channel: Hypermarkets, Electronic Malls, Specialty Stores, Online Retail, Other Distribution Channels
5) By Application: Business, Education, Home, Cinema, Other Applications
Major Driver - Education Sector's Increased Embrace Of Projector Screens Fuels Market Expansion
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.
Competitive Landscape:
Major companies operating in the projectors market report are Mitsubishi Electric Corporation, BenQ Corporation, Dell Technologies Inc., Sony Group Corporation, Hitachi Ltd., LG Technologies Inc., Panasonic Corp, Lenovo Group Ltd., Canon Inc., Sharp Corporation, Fujifilm Holdings Corporation, Texas Instruments Inc., ZTE Corporation, ASUSTeK Computer Inc., Ricoh Company Ltd., GAC Technology Group, Acer Inc., Delta Electronics Inc., Seiko Epson Corporation, JVCKENWOOD Corporation, ViewSonic Corporation, NEC Display Solutions Ltd., InFocus Corporation, Honghe Technology Co Ltd., Optoma Technology Corp, Airtame Inc., EIKI International Inc., Vivitek Corporation, Celluon Inc., MicroVision Inc., Maxell Ltd., Aaxa Technologies Inc., Christie Digital Systems USA Inc., Digital Projection
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Top Trend - Innovative Solutions In Projectors Enhanced Interactivity And Security
Major companies operating in the projector market are focusing on innovative solutions such as smart windows projectors to enhance user interactivity and integration with digital platforms for seamless presentations and collaborations. A smart window projector is a technology combining window functionality with built-in projection capabilities for display and interactive purposes. For instance, in November 2022, BenQ, a Taiwan-based consumer electronics company, launched the Smart Projector EH620, the world's pioneering Windows-oriented projector tailored for corporate settings. This innovative device harnesses the cutting-edge Intel 4000 series CPU to seamlessly integrate advanced applications and security protocols. Offering enterprise-level identity services such as single sign-on, multi-factor authentication, and conditional access, the EH620 ensures heightened protection through AES 128-bit encryption and WPA2 wireless security against cyber threats. Additionally, its implementation of Intel Secure Boot serves as a formidable defense mechanism against potential malware risks.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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