Current and Projected Interactive Projector Market size in terms of volume and value 2015-2025
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Interactive Projector Market: Drivers and Restraints
Worldwide popularity of interactive projector is increasing. Global interactive projector market is expected to grow rapidly during the period of forecast. Factors which are driving the growth of global interactive projector market are increasing adoption of interactive projectors in class rooms and conference rooms, increasing government spending on education sector, increasing adoption of e-learning & virtual learning and growing technological advancement across various application segments. On the other hand, factors which are restraining the growth of global interactive projector market are high installation cost and lack of awareness are the few factors restraining the growth of global interactive projector market. However, increasing application specific solutions expected to create great opportunity for global interactive projector market.
Interactive Projector Market: Segmentation
Global interactive projector market is segmented on the basis of product type and applications. By product type the global interactive projector market can be segmented into short throw projector, flexible projector, multi-purpose projectors and others. Out of all these types, short throw projectors are in great demand as it eliminates various problems associated with interactive system such as intrusive footprint and eye glare.
On the basis of application, the global interactive projector market can be segmented into various sectors such as government, education and corporate. Out of all these application, education sector dominates the global interactive projector market. Increasing adoption of advanced technology into education sector, growing government spending & support are some of the factors responsible for this growth. Despite corporate sectors contribution to total interactive projector market anticipated to be small, the sector is expected to exhibit highest growth rate during the period of forecast. Market Players are focusing on developing specific solution for corporates.
Interactive Projector Market: Region wise outlook
Global interactive projector market can be segmented into seven regions which includes, North America, Latin America, Western Europe, Eastern Europe, Asia Pacific (excluding Japan), Japan as a separate region and Middle East and Africa. Out of all these regions, present global interactive projector market is dominated by North America and Western Europe Region in terms of high usage rate of interactive projectors. High technological developments in countries such as U.S. and UK, consumer awareness and increasing government funding and support to education sectors are some of the factors driving the growth of interactive projectors in North America & Western Europe. Furthermore, Asia-pacific region is expected to grow rapidly during the period of forecast due to increasing consumer awareness, gradual increase in government spending on education sector and development of education sector. However, price will play important role in this price sensitive region.
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Interactive Projector Market: Key Players
Key players in global interactive projector market are Epson America, Inc., ProVision Technologies, SMART Technologies, Texas Instruments Incorporated, Mitsubishi Electric Visual and Imaging Systems, InFocus Corporation, Sony Electronics Inc., BenQ Corporation, Hitachi, Ltd., Touchjet, Inc. and CASIO AMERICA INC. among others. Key market players are focusing more on application specific requirements in order to increase the market share among different application segments. They are also concentrating more on product development in order to be competitive into market.
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