Global Projector Market 2017-2021
A projector projects an image or a video onto a surface, commonly referred as a projection screen. The majority of the projectors create an image by passing light through a small transparent lens, but the latest models of projectors are capable of projecting the image by using lasers. The global projector market is heavily influenced by the advances in technologies of the projector. Since 2012, technology innovations have led to improved image resolution, increased energy efficiency, and decreased space constraints with the advent of portable pico projectors. The advent of laser projectors ensures that even small portal projectors can project images and videos with high brightness. Embedded pico projectors are expected to dominate the pico projector segment as there is increased demand for flexible devices that consume less space and are affordable. Also, embedded pico projectors are becoming an important platform for augmented reality, the upcoming technology in electronic devices.
Technavio’s analysts forecast the global projector market to grow at a CAGR of 9.61% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global projector market for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of projectors around the world.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Projector Market 2017-2021
Technavio recognizes the following companies as the key players in the global projector market: Canon, Epson, JVC, and Sony.
Other Prominent Vendors in the market are: 3M, AXA Technologies, ACER, AIPTEK International, BenQ, HITACHI Digital Media Group, Light Blue Optics, LG Electronics, Samsung Electronics, Toshiba, and WowWee Group.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is introduction of interactive projectors. Interactive projectors are similar to interactive whiteboards, wherein the projectors are the interactive device and can be used on any surface. There is no need for a whiteboard, and the computer's display can be projected on any surface, and the user can control the computer through a stylus, pen, or fingers. Interactive devices (interactive projectors, interactive whiteboards, and interactive flat panel displays) have now become the most important part of a classroom in the education sector. Students find them engaging, and teachers find these a vital tool to teach students. Also, the corporate sector is finding them useful for presentations and other purposes. Though all these interactive devices have similar function but some factors make each of these devices unique.”
According to the report, one driver in market is emerging use of projectors in corporate sector. There are around 12 million conference rooms globally, which drives the demand for projectors in the corporate sector. Projectors incorporate user-friendly interactive software that requires very little time to set up. The presenter that uses the interactive projectors can create drawings in vibrant colors by using a stylus. They can also use its in-built productivity tools to engage the employee, gain attention, and make the presentation content easy to understand. Interactive projectors also have a record and playback option, can render multiple file formats, and can digitally capture handwritten notes that can be retrieved and shared later. The corporate sector will provide good growth for projectors.
Further, the report states that one challenge in market is popularity of large area display. The growth in the global large area displays market is largely dependent on the revenue generated from the sales of both large area LCD and large area organic light-emitting diode (OLED)/ active matrix light organic light emitting diode (AMOLED) displays. Though the unit shipment of large area LCDs declined in 2016, the shipment area in millions of square meters increased by 2.39% compared with 2015. This is because of the emerging trend of using large screen in products such as notebooks, tablets, and particularly ultra-high-definition (UHD) TVs. The contribution of UHD TVs with screen sizes 56-64 inches and more than 65 inches is comparatively lower due to YoY declining average screen size of UHD TVs. It implies that demand for medium-sized UHD TVs is high. The production of UHD TVs with screen size 39-55 inches will rise significantly during the forecast period. The ASP of LCD is also declining YoY because of inventory issues. This trend is expected to continue in 2016.
Canon, Epson, JVC, Sony, 3M, AXA Technologies, ACER, AIPTEK International, BenQ, HITACHI Digital Media Group, Light Blue Optics, LG Electronics, Samsung Electronics, Toshiba, and WowWee Group.
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