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Projector Screen Market 2024 - Business Opportunities, Industry Growth, Regional Analysis And Forecast To 2033
Projector Screen Market
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According to The Business Research Company's, The projector screen market size has grown strongly in recent years. It will grow from $46.91 billion in 2023 to $49.4 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to growth in the educational sector, rising demand for high-resolution displays, growing interest in e-learning, increase in demand for home theater systems, and rising construction activities.
The projector screen market size is expected to see strong growth in the next few years. It will grow to $61.09 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing disposable income, growing outdoor events, rising preference for DIY solutions, portable and versatile options, and rising online content consumption. Major trends in the forecast period include adoption of ambient light rejecting (ALR) screens, advancements in portable and motorized projector screens, adoption of K and 8K projector, adoption of ultra-short-throw (UST) projectors, and development of eco-friendly, recyclable materials.
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Market Drivers and Trends:
The growing interest in e-learning is expected to propel the growth of the projector screen market going forward. E-learning refers to the delivery of educational content and training through digital platforms and online resources, enabling remote and flexible learning. E-learning is attributed to advancements in digital technology, increasing internet accessibility, the demand for flexible learning solutions, and the growing need for continuous education and skill development. A projector screen helps e-learning by providing a large, clear display of educational content, making it easier for instructors to present materials to a group and for learners to view multimedia resources such as slides, videos, and interactive lessons in a classroom or virtual setting. For instance, in January 2024, the Eurostat, a Luxembourg-based government administration, reported that 30% of European users enrolled in online courses in 2023, up from 28% in 2022. Therefore, the growing interest in e-learning is driving the projector screen market.
Major companies operating in the projector screen market are developing portable projection screens, to enhance user convenience, improve mobility, and cater to the growing demand for on-the-go presentations, home theaters, and outdoor events. A portable projection screen is a compact, easily transportable display surface, perfect for quick assembly and use in various settings such as presentations, movie screenings, and outdoor activities. For instance, in March 2024, Elite Screens, a US-based consumer electronics company, launched the ezCinema Tab-Tension CineGrey 4D, a portable ambient light-rejecting (ALR) projection screen designed to enhance visual clarity in any environment. The CineGrey 4D material utilizes angular-reflective technology, which effectively rejects up to 63% of ambient light from various angles. This feature is crucial for maintaining image clarity and contrast in bright environments. Its tab-tension system maintains a flat surface for distortion-free projection, while supporting 4K and HDR content, ensuring a vibrant viewing experience and user-friendly design makes it an excellent choice for both personal and professional use.
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Major Key Players of the Market:
Groupe Adeo, Legrand S.A., ACCO Brands Corporation, Seiko Epson Corporation, Barco NV, Drap*er Inc., Optoma, Pyle US Sound Around Inc., Vutec Corporation., Harkness Screens International Ltd., Screen Innovations, DNP Denmark A/S, XGimi Technology Co Ltd., Remaco Technologies Pte Ltd., Glimm Screens BV, Severtson Screens, Elite Screens Inc., Custom Display Solutions. Inc., Da-Lite Screen Company, Grandview screens, Screen Excellence, Silver Ticket Products, Swastik Telon
Projector Screen Market 2024 Key Insights:
• The projector screen market size is expected to see strong growth in the next few years. It will grow to $61.09 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%.
• Rising Demand for E-Learning Fuels Growth In The Projector Screen Market
• Advancements in Projector Screen Technology
• North America was the largest region in the projector screen market in 2023
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