Categories: Market Research

Projectors Market Insights, Demand, Analysis, Share, Forecast 2024-2033

The Projectors Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Projectors Global Market Report 2024, The projectors market size has grown strongly in recent years. It will grow from $10.68 billion in 2023 to $11.33 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to business presentations and education, corporate sector investments, home entertainment systems, government and public sector usage, cinema projection upgrades.

The projectors market size is expected to see strong growth in the next few years. It will grow to $14.02 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to rise in home office setups, advancements in laser projection, gaming and entertainment, hybrid meetings and collaboration, outdoor events and large gatherings. Major trends in the forecast period include education technology (EdTech) adoption, technological advancements, growth in digital signage, rise of laser projection technology, rapid advancements in LED technology.

The increase in demand for projector screens in the educational sectors is driving the growth of the projector market going forward. Education is a place where execute advanced teaching techniques to students for a better learning experience. Projectors play a major role in projecting their presentation content to a larger and clear picture than the actual size of the picture, mainly in the education sector. For example, in Jan 2022, according to the report by eLearning Industry, a US-based e-learning journal website, the eLearning industry rose to more than $240 billion. Additionally, the worth of the E-learning market is predicted to hike by $374 Billion by 2026. Therefore, the demand for projector screens in the educational sectors is driving the growth of the projectors market.

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The projectors market covered in this report is segmented –

1) By Type: HomeTheater Projector, Business Projector, Portable Projector

2) By Technology: DLP(Digital Light Processing), LCD(Liquid Crystal Display), LCOS (Liquid Crystal on Silicon)

3) By Dimension: 2D,3D

4) By Distribution Channel: Hypermarkets, Electronic Malls, Specialty Stores, Online Retail, Other Distribution Channels

5) By Application: Business, Education, Home, Cinema, Other Applications

Major companies operating in the projector market are focusing on innovative solutions such as smart windows projectors to enhance user interactivity and integration with digital platforms for seamless presentations and collaborations. A smart window projector is a technology combining window functionality with built-in projection capabilities for display and interactive purposes. For instance, in November 2022, BenQ, a Taiwan-based consumer electronics company, launched the Smart Projector EH620, the world’s pioneering Windows-oriented projector tailored for corporate settings. This innovative device harnesses the cutting-edge Intel 4000 series CPU to seamlessly integrate advanced applications and security protocols. Offering enterprise-level identity services such as single sign-on, multi-factor authentication, and conditional access, the EH620 ensures heightened protection through AES 128-bit encryption and WPA2 wireless security against cyber threats. Additionally, its implementation of Intel Secure Boot serves as a formidable defense mechanism against potential malware risks.

The projectors market report table of contents includes: