Insights Into The Projectors Market’s Growth Opportunities Through 2023-2032 – Includes Projectors Market Share
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Increased demand for projector screens in educational sectors is likely to promote innovation in projector production, propelling the market during the forecast period.
The global projectors market is expected to grow from $10.81 billion in 2022 to $11.49 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The global projectors market size is expected to reach $14.17 billion in 2027 at a CAGR of 5.4%.
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Global Projectors Market Segments Include:
- By Type: Home Theater Projector, Business Projector, Portable Projector
- By Technology: DLP (Digital Light Processing), LCD (Liquid Crystal Display), LCOS (Liquid Crystal on Silicon)
- By Dimension: 2D,3D
- By Distribution Channel: Hypermarkets, Electronic Malls, Specialty Stores, Online Retail, Other Distribution Channels
- By Application: Business, Education, Home, Cinema, Other Applications
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global projectors market in 2021.
Major Market Players in the projectors market include MicroVision Inc., Aaxa Technologies Inc., LG Technologies Inc., Sony Group Corporation, Canon Inc., Dell Technologies Inc., LG Technologies Inc., Optoma Technology Corp., Panasonic Corp.
Technological progress is a crucial trend that is gaining traction in the projectors industry. Major market participants are focusing their efforts on developing revolutionary technologies for migrating to supply Home theatre projectors, which have become one of the most popular types. When people were forced to stay indoors, home theatre setups became the most appropriate and comfortable option. For example, ViewSonic, a projector manufacturer based in the United States, will release two new projectors in November 2022. These projectors include third-generation LED technology for brighter pictures and a built-in Harman Kardon speaker for an enhanced audio experience, making them ideal for home movie and video game screenings.
The Projectors Global Market Report 2023 provides a projectors market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The projectors market forecast analyzes projectors market size, projectors market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
A projector is a device that uses light to project images or movies onto a flat surface for large-scale viewing, such as a screen or a wall. It is commonly utilised in commercial settings.
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