Global Home Theatre Projector Market 2016-2020
About Home Theatre Projector
The market will be driven by continuous product innovations and introduction of new products. To develop new and innovative products, it becomes essential for manufacturers to stay abreast of the latest trends and technologies in the market. With the availability of a wide range of innovative products, consumers who are looking for replacing their TV sets or for trying out a different product can opt for home theater projectors.
Technavio’s analysts forecast the global home theatre projector market to grow at a CAGR of 7.63% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global home theatre projector market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of home theater projectors.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Home Theatre Projector Market 2016-2020.
Technavio recognizes the following companies as the key players in the global home theatre projector market: BenQ, Epson, JVC, Optoma, and Sony.
Other prominent vendors in the market are: 3M, Acer, Canon, Koninklijke Philips, LG Electronics, Mitsubishi Electric Visual and Imaging Systems, Panasonic, Samsung Electronics, and ViewSonic.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is pocket-sized projectors. Pico or pocket projectors are little larger in size than regular cell phones. They can accommodate videos and photos and are considered as multimedia display systems. However, they generally offer comparatively lower brightness than regular projectors. Manufacturers catering to this segment have started introducing HD pico projectors. For instance, in October 2015, Sony introduced its MP-CL1 mobile projector, a pico projector that delivers HD resolution using laser light as a source.”
According to the report, one of the primary drivers in the market is enhanced gaming and movie viewing experience. The preference for a theater-like movie or gaming experience, on a large screen, is increasing among consumers all across the world. This is one of the primary drivers for the growth of the global home theater projector market. For the desire to watch a Blu-ray movie, or live sports, or just photographs from a mobile device, onto a 100-inch plus screen size, a home theater projector is the ideal choice.
Further, the report states that one major challenge in the market is stiff competition from the decreasing price of large-screen TVs. One of the primary challenges that the global home theater projector market faces is the growing demand for large-screen TV sets. The high penetration of TVs reduces the adoption rates of home theater projectors. In countries like the US and Canada, the penetration of digital TVs is around 91% and 90%, respectively. In Europe, several countries such as Spain, the UK, Italy, and France have almost 100% penetration rates. In developing countries such as China and India, the penetration rates of TVs are increasing rapidly, with manufacturers launching TV sets with good picture quality at affordable prices.
BenQ, Epson, JVC, Optoma, Sony, 3M, Acer, Canon, Koninklijke Philips, LG Electronics, Mitsubishi Electric Visual and Imaging Systems, Panasonic, Samsung Electronics, ViewSonic.
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