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.
With a projected CAGR of 3.94% from 2022 to 2030, the projector market is expected to grow from its current value of USD 1506 million to USD 2131 million by 2030.
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
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
|Revenue forecast in 2030
|USD 2131 Million
|CAGR of 3.94 % during 2020-2030
|By Product Type, By Technology, By Application, Regions
|North America, Europe, Asia Pacific, Middle East and Africa, South America
|Key Players Profiled
|Syndiant, ZTE Corporation, Celluon Inc, Miroir USA, MicroVision Inc, Aaxa Technologies Inc, LG Electronics, Lenovo Group Ltd, Optoma Technology Corp, and Sony Corporation.
Key Segments of the Global Projector Market
Product Overview, (USD million)
Application Overview, (USD million)
- Home theatre projectors
- Business projectors
- Portable Projectors
Regional Overview, (USD million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa