The projector screen market is expected to expand from $46.91 billion in 2023 to $49.4 billion in 2024 at a CAGR of 5.3%, supported by educational sector growth, high-resolution demand, e-learning interest, home theater demand, and construction activities.
The projector screen market is expected to grow to $61.09 billion by 2028, at a CAGR of 5.5%. Growth drivers include rising disposable incomes, outdoor events, DIY preferences, portable options, and increased online content consumption. Trends include ambient light rejecting screens, portable motorized screens, adoption of K and 8K projectors, ultra-short-throw projectors, and eco-friendly material development.
Major Driver In The Projector Screen Market
The rising interest in e-learning is anticipated to propel the projector screen market. The growth of e-learning is linked to advancements in digital technology and the need for flexible learning solutions. Projector screens facilitate effective presentations of educational content. In January 2024, Eurostat reported that 30% of European users enrolled in online courses in 2023, up from 28% in 2022, driving the projector screen market. The projector screen market size is expected to grow from $1.8 billion in 2023 to $2.0 billion in 2024, with an expected increase to $3.0 billion by 2028, driven by the growing e-learning trend.
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Projector Screen Market Competitive Landscape
Groupe Adeo, Legrand S.A., ACCO Brands Corporation, Seiko Epson Corporation, Barco NV, Draper Inc., Optoma, Pyle US Sound Around Inc., Vutec Corporation., Harkness Screens International Ltd., Screen Innovations, DNP Denmark A/S, XGimi Technology Co Ltd., Remaco Technologies Pte Ltd., Glimm Screens BV, Severtson Screens, Elite Screens Inc., Custom Display Solutions. Inc., Da-Lite Screen Company, Grandview screens, Screen Excellence, Silver Ticket Products, Swastik Telon
Key Projector Screen Market Trend
In the projector screen market, companies are focusing on portable screens to improve convenience and meet the increasing demand for mobile presentations and outdoor use. For example, in March 2024, Elite Screens, a US-based consumer electronics company, introduced the ezCinema Tab-Tension CineGrey 4D. This portable ambient light-rejecting projection screen utilizes angular-reflective technology to reject up to 63% of ambient light, ensuring clear images in bright environments. It is compatible with 4K and HDR content, offering a distortion-free projection experience.
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Global Projector Screen Market Segmentation
The projector screen market covered in this report is segmented –
1) By Type: Ceiling Recessed, Wall And Ceiling, Portable, Floor Rising, Fixed Frame, Other Types
2) By Application: Personal, Professional
3) By End User: Industries, Government, Commercial, Other End-Users
By Geography:The regions covered in the projector screen market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the projector screen market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The Projector Screen Global Market Report 2024 furnishes information about the global projector screen market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
