What Does the Historical and Current Projectors Market Size Trend Indicate?
The projectors market has seen considerable growth due to a variety of factors.
• The market size for projectors has witnessed a significant expansion in the past years. It is projected to rise from a value of $11.1 billion in 2024 to approximately $11.78 billion in 2025, signaling a compound annual growth rate (CAGR) of 6.1%.
This growth during the historical period is as a result of factors such as business and educational presentations, investments from the corporate sector, uses in home entertainment systems, government and public sector consumption, and advancements in cinema projection.
What is the Market Size Forecast for the Projectors Market?
The projectors market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the projectors market is anticipated to witness substantial growth in the forthcoming years. The market is predicted to elevate to $14.53 billion by 2029, with a compound annual growth rate (CAGR) of 5.4%.
This projected growth during the forecast period can be credited to the surge in home office trends, progress in laser projection, gaming and entertainment sectors, hybrid meetings, collaborative activities, outdoor events and large scale gatherings. Key trends in the forecast period are characterized by the increase in educational technology (EdTech) adoption, technological progression, the expansion of digital signage, emergence of advanced laser projection technology, and swift developments in LED technology.
What Are The Key Drivers Fueling Growth In The Projectors Market?
The projector market is experiencing growth due to a surge in demand for projector screens within educational settings. These establishments rely on modern teaching methods to enhance student comprehension and learning. Projectors are pivotal in these settings for providing large and clear presentations that exceed the actual image size, particularly within the education industry. To illustrate, a report from the eLearning Industry, an American e-learning journal site, revealed the eLearning market catapulted to beyond $240 billion in January 2022. Furthermore, the value of the E-learning market is forecast to escalate to $374 Billion by 2026. Therefore, the heightened requirement for projector screens within educational institutions is fueling the progression of the projector market.
What Are The Major Segments Within The Projectors Market?
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: Hyper markets, Electronic Malls, Specialty Stores, Online Retail, Other Distribution Channels
5) By Application: Business, Education, Home, Cinema, Other Applications
Subsegments:
1) By Home Theater Projector: 4K Ultra HD Projectors, 1080p Projectors, Short Throw Projectors
2) By Business Projector: DLP Projectors, LCD Projectors, Laser Projectors
3) By Portable Projector: Mini Projectors, Pico Projectors, Battery-Operated Projectors
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Which Trends Are Expected To Transform The Projectors Market?
The growth of technological innovation is currently a prevailing trend in the projector market. Key players in the market are focusing their attention on new, innovative technologies to facilitate the transition to home theater projectors, an increasingly popular category. Home theater setups have become the top choice for many, particularly when people are forced to stay within their homes. To illustrate, ViewSonic, a company based in the United States that manufactures projectors, introduced two new projectors in November 2022. These projectors have an advanced third-generation LED technology that improves visual brightness and has a built-in Harman Kardon speaker to boost audio quality, making it perfect for home movie and video game screenings.
Who Are the Key Players in the Projectors Market?
Major companies operating in the projectors market include:
• Mitsubishi Electric Corporation
• BenQ Corporation
• Sony Group Corporation
• Hitachi Ltd.
• LG Technologies Inc.
• Panasonic Corp
• Canon Inc.
• Sharp Corporation
• Texas Instruments Inc.
• ASUSTeK Computer Inc.
• Ricoh Company Ltd.
• Acer Inc.
• Delta Electronics Inc.
• Seiko Epson Corporation
• JVCKENWOOD Corporation
• ViewSonic Corporation
• NEC Display Solutions Ltd.
• InFocus Corporation
• Optoma Technology Corp
• EIKI International Inc.
• Vivitek Corporation
• MicroVision Inc.
• Maxell Ltd.
• Aaxa Technologies Inc.
• Christie Digital Systems USA Inc.
• Digital Projection
What Is The Most Dominant Region In The Projectors Market?
North America was the largest region in the Projectors market in 2024. The regions covered in the projectors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
