A projector is a device that uses light to show an image or video onto a projection screen. The majority of projectors work by sending light through a tiny transparent lens to form an image, but the latest versions can also project images using lasers.

Covid-19 Impact on the Global Projector Market

In late 2019, a new coronavirus strain (COVID-19) emerged in Wuhan, China, and has since spread over the world. The World Health Organization (WHO) proclaimed COVID-19 a pandemic in March 2020, and the US government labelled it a national emergency. The epidemic has not only harmed the US and global economy, but it has also disrupted global supply lines and financial markets, necessitating the imposition of travel restrictions and shelter-in-place orders, as well as the closure of facilities. Additionally, businesses are implementing a variety of severe precautions to safeguard their employees' health and safety and battle the epidemic; for example, most businesses have made work-from-home options available to their employees when practicable.

However, comprehensive cleaning and social distance measures are scrupulously maintained at all places where working from home is not possible, such as industrial plants. The full extent of the COVID-19 pandemic's impact on companies' operational and financial performance is determined by the pandemic's duration and rate of spread within a specific region, the possibility of a second wave of coronavirus with more cases, and related containment and mitigation measures taken by state, local, and international governments to prevent disease spread. The capacity of staff to work securely in facilities, consumers' ability to function or receive products, manufacturers' and suppliers' ability to operate, and demand for end products and services from their customers will all determine the degree of the pandemic's impact on businesses. Companies in North America, Asia, and Europe temporarily closed or reduced production activities at manufacturing facilities beginning March 31, 2020, for safety reasons and in response to lower demand for portable projectors; however, as of June 30, 2020, manufacturing facilities (and nearly all of their suppliers) had resumed operations, and 95 percent of production capacity was available as return-to-work protocols were implemented.

The LCD segment is likely to have largest segment in the forecast period

In addition, projectors are used in movie theatres to display films. The expansion of the projector market has been impacted by the rising number of people who choose to see movies in theatres. The large projector screen utilised in a movie theatre provides better eye comfort for the audience. In addition, the distance between the screen and the viewer has an impact on the viewer's sight. As a result, projectors appear to be more beneficial than other types of display screens. However, the high cost of the device, as well as the expense of installation and maintenance, is projected to limit market expansion.

The Home theatre application segment is likely to have largest segment in the forecast period

The market is divided into three categories based on application: home theatre projectors, business projectors, and portable projectors. Projectors are used in home theatre applications to display HD television, internet streaming, games, and movies in one's own little theatre. Different companies, educational institutes, film theatres, and multiplexes use projectors in their business theatres. They are mostly used for holding large-group meetings, trainings, and conferences. Portable projectors are mobile projectors that allow users to adjust the size of the display screen to their liking.

The North American Region is likely to have largest segment in the forecast period

As the area has a large market for consumer electronics, which is the primary application for portable projectors, North America has been a big contributor to the overall growth of the portable projector market. The United States spends a lot of money in the education sector to introduce cutting-edge technology-based equipment. With the majority of students having access to computers or cellphones, students' flexibility and acceptance of new technology contribute to their growth not just academically but also personally. However, owing to the negative impacts of COVID-19 on the infrastructure and commercial sectors, the US market is likely to shrink significantly in 2020. Due to the closure of educational institutions and the halting of activities in the business sector, the adoption of portable projectors may be significantly impacted in 2020.

In recent years, the market for projectors has grown significantly. The rising government investment on the educational sector, as well as the growing need for convenience to a complete, detailed listed view in the business and educational sectors, are driving the expansion of the projector market.

The projector market is estimated to increase from USD 3 billion in 2018 to USD 4.2 billion in 2028, with a CAGR of 4.3 percent between 2018 and 2028.

In recent years, the usage of projectors in business settings for presentations, conferences, and other purposes has expanded. Furthermore, a few start-up firms have begun to invest in these displays, which may be considered a factor boosting the Projector Market's revenue development. Furthermore, one of the major factors encouraging the growth of the Projector Market is the use of projector screens in movie theatres. The advancement of technology in the projector industry in terms of screen quality, display, and mobility is projected to drive global expansion.

A projector is an optical device that projects an image or video onto a light surface, which is commonly referred to as the projector screen. It's a display device that functions like a monitor or television, projecting images onto a big surface for a wide audience. They are portable and installed on celling. These projectors are used in classrooms, conference rooms, and auditoriums and are generally huge and project a considerable distance. For newer and older devices, many projectors feature numerous input sources such as HDMI and VGA ports. Additionally, they offer device communication through Wi-Fi and Bluetooth.

Digital Light Processing (DLP) and Liquid Crystal Display (LCD) are the two most prevalent types of projectors (LCD). LCD projectors employ polarised mirrors to reflect just particular hues, but DLP projectors use billions of mirrors to reflect light thousands of times per second.

In recent years, the increased demand for projector screens in the educational and business sectors has fueled the expansion of the Projector Market. In the educational sector, the usage of a projection screen is a great addition to any classroom. Teachers can use a projector to show films, photos, audio files, and interactive worksheets to pique students' interest. This unusual and engaging teaching style may capture the attention of pupils, making them more engaged and attentive. Furthermore, projection screens are employed in many organisations for meetings, trainings, and conferences. This technology investment will pay off in the long run for the company. Due to partnerships and participants' lengthier involvement, interactive projector technology allows several workers to connect and talk at the same time.

In addition, projectors are used in movie theatres to display films. The expansion of the projector market has been impacted by the rising number of people who choose to see movies in theatres. The large projector screen utilised in a movie theatre provides better eye comfort for the audience. In addition, the distance between the screen and the viewer has an impact on the viewer's sight. As a result, projectors appear to be more beneficial than other types of display screens. However, the high cost of the device, as well as the expense of installation and maintenance, is projected to limit market expansion.

The major players in the market are Delta Electronics Inc., Mimio Boxlight, Dell Technologies Inc, Seiko Epson Corp, Optoma Technology Inc., Panasonic Corp, NEC Display Solutions, Ltd., CASIO COMPUTER Co., Ltd., Touchjet Inc. and BenQ Corp.

Recent Developments in the Global Projector Market

• In October 2020, the Epson EpiqVision Ultra LS300, Mini EF12, and Mini EF11 streaming laser projectors were added to the Epson EpiqVision line. Built-in Android TV and bespoke Yamaha sound, paired with Epson's sophisticated laser-array projection technology, provide customers with an epic viewing experience for streaming and gaming content.
• In June 2020, LG will offer the CineBeam PH30N projector with 720p resolution. It has a built-in rechargeable battery that lasts for two hours and is easy to set up.

Projector Market Scope

Key Segments of the Global Projector Market

Product Overview, 2018-2028 (USD Billion)

• LCD
• DLP
• LED

Application Overview, 2018-2028 (USD Billion)

• Home theatre projectors
• Business projectors
• Portable Projectors

Regional Overview, 2018-2028 (USD Billion)

North America

• U.S
• Canada

Europe

• Germany
• France
• UK
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• Rest of Asia Pacific

South America

• Mexico
• Brazil
• Rest of South America

Middle East and South Africa