Covid-19 Impact & Market Status
The total extent of the COVID-19 epidemic on corporate and financial performance depends on the time and extent to which the epidemic has spread locally; the likelihood of a second wave of coronavirus with growing cases; and related prevention and mitigation measures taken by national, local, and international governments to stop the spread of disease. The extent of the impact of this epidemic on companies will depend upon the flexibility of employees to control safely in facilities, the power of consumers to continue working or procure products, the power of manufacturers and suppliers to continue operating, and also the need for storage products and services from their customers.
During the previous three months from March 31, 2020, companies were temporarily finished off or reduced production activities in production facilities in North America, Asia, and Europe for security reasons, yet as in response to low demand for portable projects; however, as at 30 June 2020, production facilities (almost all suppliers) were operational, and 95% of production capacity was available as return-to-work contracts were initiated in non-productive facilities where workers worked remotely.
The DLP Segment To Hold The Largest Size Of The Portable Projector Market
Due to qualities such as small size, excellent resolution, and lightweight, manufacturers choose portable projects that employ DLP technology over portable projects that use LCD or LCoS technology. DLP projectors provide a bright, colorful, vivid image with good brightness.
In 2021, Consumer Electronics Will Account For The Majority Of The Portable Projector Market.
Increasing the tendency of end users to use lightweight and integrated electronic products and therefore the increasing attraction to form personal entertainment venues to enjoy movies, games, and games, music, and the other streaming content directly from smartphones, tablets, and laptops is predicted to ease.
North America Is Expected To Be The Largest Market For Portable Projectors.
As North America has a huge consumer electronics industry, which might be a substantial demand for portable projects, the area has been essential in the expansion of the portable project market. The US is investing heavily in the development of state-of-the-art technology-based educational tools. As most students have access to computers or smartphones, the pliability and acceptance of the latest technologies by students include their development not only academically but also personally. The adoption of tangible projects could have a major impact by 2020 because of the closure of educational institutions and also the suspension of operations within the corporate sector.
The factors such as large demand for portable projects within the home entertainment sector is increasing supply demand is driving the global wireless projector market. In line with this, companies are significantly lowering the value of those devices so the house entertainment segment can capture a wider consumer base. Therefore, rising demand, in addition to lower prices, will provide opportunities for market growth for global wireless projector market.
With the advancement of technology, portable projects are lightweight and are easy to use for business applications, educational purposes, and entertainment. Modern portable projects may be connected to the net and equipped with memory to store accurate data. Additionally, portable projectors come equipped with USB, HDMI, and MHL connectors, which are required for data access and maybe readily linked to laptops, cellphones, and tablets. Portable projectors offer high resolution, i.e., full HD and HD, for better image quality and have built-in speakers and batteries. These machines are easy to hold and may easily slip into pockets. Portable projects are available at an affordable price, making them an economically viable option for home entertainment purposes. They are highly priced supported by their portable features, simple use, and budget. businesses, these days, also offer prime quality 2D and 3D portable projects that produce less heat and use less power. In the next years, such features are anticipated to increase the selling of those products resulting into impressive growth of global wireless projector market.
The aforementioned advantages are set to increase its demand globally thereby providing a boost to global wireless projector market. These factors are collectively influencing thumping growth of global wireless projector market estimated to increase nearby 2.3 Billion by 2029 with an annualized growth rate of 4.5% through the forecast period 2022-2029.
Portable projectors provide superior image quality and brightness as compared to other technologies encouraging further adoption of wireless projectors boosting the global wireless projector market. In DLP, however, the employment of a spinning machine to live images has the potential to supply a novel artifact visible on the screen, often spoken as a “rainbow effect.” it's because of the various colors red, green, and blue because of the continual color update from the wheel. Since LCD projectors always present identical red, green, and green images simultaneously, the rainbow effect isn't true for LCD projectors.
During conjecture, portable projects may face operational issues such as the rainbow effect and lightweight leakage. These issues are especially common in low-income models. A rainbow effect is also present when an image is moving rapidly, or it's going to be present at a fast glance at the viewer while viewing the image. Additionally, the rainbow effect can cause headaches. Therefore, with the effect of the rainbow, light leaks can create a gray bar within the image shown and ruin the image shown. These factors challenge the expansion of the global wireless projector market.
The major players in Global Wireless Projector Market are Anker, Vankyo, Hotack, Aaxa Technologies, Magnasonic, BenQ, Nec, Infocus, Ricoh, Xiaomi, Casio, Texas Instruments, Optoma, Vivitek, Asus, Panasonic, Philips, Kodak, Sony, Acer, HP, Dell, LG, Canon, and Epson among others.
Recent Developments in the Global Wireless Projector Market: A Snapshot
- In October 2020, Epson expanded its Epson EpiqVision program with the addition of three laser laser projectors — Epson EpiqVision Ultra LS300, Epson EpiqVision Mini EF12, and Mini EF11. The built-in Android TV and Yamaha unique audio, together with Epson's powerful laser-array projection technology, provide customers with an exceptional streaming and gaming experience.
- In January 2019, Canon launched a Rayo S1-sized package that permits business and consumer professionals to display their smartphones, project photos, videos, and documents, moreover as play audio files.
Wireless Projector Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 2.3 Billion|
|Growth Rate||CAGR of 4.5 % during 2021-2028|
|Segment Covered||Technology, Dimension, Lumen, Resolution, Projected Image, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Anker, Vankyo, Hotack, Aaxa Technologies, Magnasonic, BenQ, Nec, Infocus, Ricoh, Xiaomi, Casio, Texas Instruments, Optoma, Vivitek, Asus, Panasonic, Philips, Kodak, Sony, Acer, HP, Dell, LG, Canon, and Epson among others.|
Key Segments of the Global Wireless Projector Market
Technology Overview, 2022-2029 (USD Billion)
- Liquid Crsytal Display (LCD)
- Digital Light Processing (DLP)
- Liquid Crystal on Silicon (LCoS)
Dimension Overview, 2022-2029 (USD Billion)
Lumen Overview, 2022-2029 (USD Billion)
- Below 500 Lumens
- 500 to 3,000 Lumens
- Above 3,000 Lumens
Resolution Overview, 2022-2029 (USD Billion)
- HD & FHD
Projected Image Size Overview, 2022-2029 (USD Billion)
- Below 50 Inches
- 50 to 200 Inches
- Above 200 Inches
Application Overview, 2022-2029 (USD Billion)
- Consumer Electronics
- Business and Education
Regional Overview, 2022-2029 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa