Global Projectors Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope
A projector is a device that uses light to project images or videos onto a flat surface, such as a screen or a wall, for large-scale viewing. It is widely used for commercial purposes.

Sizing and Forecast
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.

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Segmentation & Regional Insights
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

North America was the largest region in the Projectors market in 2023. The regions covered in the projectors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the projectors market report are Mitsubishi Electric Corporation, BenQ Corporation, Dell Technologies Inc., Sony Group Corporation, Hitachi Ltd., LG Technologies Inc., Panasonic Corp, Lenovo Group Ltd., Canon Inc., Sharp Corporation, Fujifilm Holdings Corporation, Texas Instruments Inc., ZTE Corporation, ASUSTeK Computer Inc., Ricoh Company Ltd., GAC Technology Group, Acer Inc., Delta Electronics Inc., Seiko Epson Corporation, JVCKENWOOD Corporation, ViewSonic Corporation, NEC Display Solutions Ltd., InFocus Corporation, Honghe Technology Co Ltd., Optoma Technology Corp, Airtame Inc., EIKI International Inc., Vivitek Corporation, Celluon Inc., MicroVision Inc., Maxell Ltd., Aaxa Technologies Inc., Christie Digital Systems USA Inc., Digital Projection

The projectors market report table of contents includes:

1. Executive Summary
2. Projectors Market Characteristics
3. Projectors Product/Service Analysis -Product/Service Examples
4. Projectors Market Trends And Strategies
5. Projectors Market - Macro Economic Scenario
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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