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Global Projectors Market: By Size, Shar, CAGR, Trends And Growth Forecast To 2033
Global Projectors Market
As per the report, 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 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%.
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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.
Technological Innovations Shaping Home Theatre Projectors In The Market
Technological advancement is a key trend gaining popularity in the projectors market. Major market players are concentrating their efforts on creating innovative technologies for migrating to provide Home theatre projectors which became one of the most preferred categories. Home theatre set-up became the most suitable and comfortable choice when people were compelled to stay indoors. For instance, in Nov 2022, ViewSonic, a US-based company operating in projectors launched 2 new projectors. These projectors include a third-generation LED technology that provides brighter visuals and a built-in Harman Kardon speaker for an enhanced audio experience, suitable for any home screenings of movies, and video games.
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
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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
Contents of the report:
1. Executive Summary
2. Projectors Market Report Structure
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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