Smart Home Projector Market Size

ID: MRFR/SEM/9516-CR

110 Pages

Shubham Munde

November 2022

Smart Home Projector Market Research Report Information by Type (Android Smart Home Projectors, Linux Smart Home Projectors), by Resolution (XGA {1024 x 768 }, WXGA{1280 x 800}, HD {1920 x 1080 }, 4K {3840 x 2160 }, 8K {7680 x 4320 }), BY Technology (DLP, LCD, LED, LCos and Others), by Pricing (Low End, Mid End, and High End), by Sales Channel (Online, Offline), and Region (North America, Europ...

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Smart Home Projector Size

Smart Home Projector Market Growth Projections and Opportunities

According to MRFR (Market Research Future), the global Smart Home Projector market has been experiencing significant growth in recent years and is anticipated to reach USD 5,595.07 million by 2027, with a Compound Annual Growth Rate (CAGR) of 17.7% during the forecast period from 2021 to 2027. The driving factors for this growth include the increasing number of smart home and smart city projects worldwide and the growing adoption of energy-saving products in smart homes and cities. However, the introduction of large-size smart TVs is expected to pose a challenge to market growth during the forecast period. The global Smart Home Projector market is categorized based on type, resolution, technology, pricing, sales channel, and region. In terms of type, the market is divided into Android Smart Home Projectors and Linux Smart Home Projectors. The resolution segment includes XGA (1024 x 768 pixels), WXGA (1280 x 800 pixels), HD (1920 x 1080 pixels), 4K (4096 x 2160 pixels), and 8K (7680 × 4320 pixels). The technology segment comprises DLP, LCD, LED, LCoS, and others. Pricing is categorized into low end, mid end, and high end, while the sales channel includes online and offline. Geographically, the market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. In 2020, North America held the largest market share at nearly 33.9%. This can be attributed to the region's significant growth, high adoption of smart home devices, increased automation of tasks, and rising awareness about the benefits and convenience offered by connected appliances. The North American market is expected to continue its robust growth, with the US being the largest contributor, accounting for 85.9% share in 2020. Meanwhile, Asia-Pacific held the second-largest market share at 30.1% in 2020, driven by the increasing adoption of smart home appliances. China dominates the Asia-Pacific smart home projector market, accounting for 55.6% share in 2020. Europe is positioned third globally, with demand coming from countries such as Germany, the UK, Italy, France, and other Western European countries. Key players that significantly contributed to the growth of the global smart home projector market include Epson, Panasonic, BenQ, Lenovo Group Limited, LG Electronics Inc, Sony Corporation, XGIMI, Philips N.V., Samsung Electronics, ACER, and others. These players focus on innovation in the smart home projector industry, investing in research and development to provide cost-effective, highly secure, robust performance, and innovative features. Strategic developments such as partnerships, mergers & acquisitions, product enhancements, and global expansion are common among key players to enhance their market share and strengthen their client base.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

As per Market Research Future Analysis, the global Smart Home Projector market was valued at USD 1,809.53 million in 2020 and is projected to grow at a CAGR of 17.7% during the forecast period (2022-2030). The market is driven by the integration of projection technologies with mobile devices, increasing disposable income, and trends in home entertainment. However, the rise of large-size TVs poses a significant challenge. The COVID-19 pandemic has disrupted supply chains and reduced consumer spending, impacting demand. Despite these challenges, the market is expected to consolidate due to the benefits of smart home projectors.

Key Market Trends & Highlights

The Smart Home Projector market is witnessing significant trends and opportunities.

Market growth driven by increased gaming and home theater experiences.
North America held the largest market share in 2021.
Asia-Pacific is the fastest-growing region, with China expected to dominate.
High-resolution projectors are creating new growth opportunities.

Smart Home Projector Market

CAGR

17.7% (2022-2030)

Market Size & Forecast

2020 Market Size	USD 1,809.53 million
Expected CAGR	17.7% (2022-2030)
Largest Regional Market Share in 2021	North America
Fastest Growing Region	Asia-Pacific.

Major Players

Key players include Sony Corporation, Samsung Electronics, Koninklijke Philips N.V., LG Electronics, Lenovo, JVCKENWOOD, Seiko Epson, Panasonic Corporation, XGIMI Technology Co., Optoma, AAO Projectors, Vivitek Corporation, BenQ, and Acer Inc.

Market Trends

The increasing integration of smart technologies into home entertainment systems suggests a burgeoning demand for innovative projection solutions that enhance user experience and connectivity.

U.S. Department of Commerce

Smart Home Projector Market Market Drivers

Market Growth Projections

The Global Smart Home Projector Market Industry is poised for substantial growth in the coming years. Projections indicate that the market will reach 2.73 USD Billion in 2024, with an anticipated expansion to 16.4 USD Billion by 2035. This growth trajectory suggests a robust compound annual growth rate (CAGR) of 17.7% from 2025 to 2035. Such figures reflect the increasing consumer interest in smart home technologies and the evolving landscape of home entertainment. The market's expansion is likely to be driven by technological innovations, changing consumer preferences, and the integration of projectors into smart home ecosystems. These projections underscore the market's potential and the opportunities it presents for stakeholders.

Emerging Markets and Urbanization

Emerging markets and urbanization are key drivers of the Global Smart Home Projector Market Industry. As urban populations grow, the demand for space-efficient entertainment solutions increases. Projectors offer a practical alternative to bulky televisions, making them appealing to urban dwellers with limited space. Countries in Asia-Pacific and Latin America are experiencing rapid urbanization, leading to a rise in disposable income and consumer spending on home entertainment. This demographic shift presents significant opportunities for projector manufacturers to tap into new markets. As urbanization continues, the market is likely to see accelerated growth, with projections indicating a potential market size of 16.4 USD Billion by 2035.

Growing Interest in Outdoor Entertainment

The Global Smart Home Projector Market Industry is witnessing a growing interest in outdoor entertainment solutions. Consumers increasingly seek ways to enhance their outdoor experiences, leading to a rise in demand for portable projectors suitable for outdoor use. This trend is particularly relevant during warmer months when families and friends gather for outdoor movie nights or events. The versatility of projectors allows for large-screen viewing in various settings, from backyards to parks. As outdoor entertainment becomes a popular pastime, the market is expected to expand, catering to consumers' desires for unique and engaging experiences. This shift may contribute to the projected growth of the market.

Increasing Adoption of Smart Home Devices

The increasing adoption of smart home devices significantly influences the Global Smart Home Projector Market Industry. As households integrate more smart technologies, the demand for compatible projectors rises. Projectors that can connect with smart assistants and other devices enhance user convenience and control. This trend is particularly pronounced in regions with high smart home penetration, such as North America and Europe. The synergy between smart home systems and projectors creates a seamless entertainment experience, appealing to tech-savvy consumers. As the market evolves, the integration of projectors into smart home ecosystems is likely to become a standard feature, further driving market growth.

Rising Demand for Home Entertainment Solutions

The Global Smart Home Projector Market Industry experiences a notable surge in demand for home entertainment solutions. As consumers increasingly seek immersive viewing experiences, projectors are becoming a preferred choice over traditional televisions. The market is projected to reach 2.73 USD Billion in 2024, driven by advancements in projection technology and enhanced image quality. This trend is particularly evident in urban areas where space constraints make projectors an appealing alternative. The growing popularity of streaming services further fuels this demand, as users desire larger screens for an enhanced viewing experience. Consequently, the market is likely to witness substantial growth in the coming years.

Technological Advancements in Projection Technology

Technological advancements play a pivotal role in shaping the Global Smart Home Projector Market Industry. Innovations such as 4K resolution, laser projection, and smart connectivity features are enhancing the functionality and appeal of projectors. These advancements not only improve image quality but also facilitate seamless integration with smart home ecosystems. As consumers become more tech-savvy, the demand for high-performance projectors is expected to rise. The introduction of compact and portable models further caters to the needs of modern consumers, allowing for versatile usage in various settings. This trend indicates a promising future for the market, potentially leading to a CAGR of 17.7% from 2025 to 2035.

Market Segment Insights

Regional Insights

Key Companies in the Smart Home Projector Market market include

Industry Developments

In September 2023, Portronics launched the Beem 420 to provide an amazing cinematic experience. This small multimedia projector can change the way people watch TV by turning any room into a theater. It even turns a whole wall into a giant screen. They use this product for watching movies and sports, making presentations, conducting video conferences etc, where Beem 420 transforms every wall or flat surface into an entertainment panel instantly. Users can now enjoy their favorite OTT movies or TV series in full HD 1080p on up to 250-inch projection screens.

A 30,000-hour LED lamp is used in projecting their much-loved sporting events and TV series at over 3200 Lumens brightness level to create vivid and sharp images on almost any white flat surface.

In September of 2023, ViewSonic, a leader in visual display technology, announced with great pride the launch of its revolutionary product – M1 Pro, an innovative portable smart projector that completely redefines adaptability as well as portability in visual entertainment and presentations; the M1 Pro creates new benchmark standards for the portable projectors category due to its unique feature of having a stand with flexible positioning mechanism that rotates over all angles.

In October 2023, Sony global leader in digital imaging and projection technology, is proud to introduce its latest laser projectors VPL-PHZ61 and VPL-PHZ51. These are new additions to Sony’s wide range aimed at improving visual experiences within educational and corporate environments by introducing smaller, more versatile versions. The VPL-PHZ61 and VPL-PHZ51 are examples of how companies like Sony have continued investing in specialized projection solutions through compactness coupled with high-quality bright laser projection.

Seraphic Information Technology has announced that it has come out with a new smart projector that supports all major streaming services worldwide, including internet browsing capabilities.

In January of 2023, LG Electronics introduced its newest CineBeam Smart Portable Projector, which aims to create a home theater’s atmosphere in any room. It is lightweight, hence more portable for different rooms or places, and has high display resolution and integrated facilities with smart electronics and streaming services.

Future Outlook

Smart Home Projector Market Future Outlook

The Smart Home Projector Market is projected to grow at a 17.7% CAGR from 2024 to 2035, driven by advancements in technology, increasing consumer demand for home entertainment, and integration with smart home ecosystems.

New opportunities lie in:

Develop projectors with integrated smart home compatibility to enhance user experience.
Explore partnerships with streaming services for bundled projector offerings.
Invest in portable projector designs targeting outdoor and mobile entertainment markets.

By 2035, the Smart Home Projector Market is expected to achieve substantial growth, reflecting evolving consumer preferences and technological advancements.

Market Segmentation

Report Overview

Intended Audience

Smart Home Projector Administrators
Smart Home Projector manufacturers and providers
Consumer electronics industry
Software integrators
IT enterprises
Technology investors
Regulatory industries
Government bodies

The objective of the Study

To provide a comprehensive analysis of the Smart Home Projector market and its sub-segments, thereby providing a detailed structure of the industry
To provide detailed insights into factors driving and restraining the growth of the global Smart Home Projector market
To estimate the size of the global fuel cards market where 2018 to 2020 would be the historical period, 2021 shall be the base year, and 2022 to 2030 will be the forecast period for the study
To analyze the global fuel cards market in five main regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America
To provide country-wise market value analysis for various segments of the Smart Home Projector market
To provide strategic profiling of key companies present across the globe and comprehensively analyze their competitiveness/competitive landscape in this market
To provide a value chain for the Smart Home Projector market

Report Scope

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Market Highlights

Author

Shubham Munde

Research Analyst Level II

She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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FAQs

What is the growth scope of the market?

The global Smart Home Projector market has been growing rapidly over the past few decades and is expected to grow, at a CAGR of 17.7% during the forecast period.

Who are the key competitors in this market?

Sony Corporation (Japan), Samsung Electronics (South Korea), Koninklijke Philips N.V.(Netherlands) are expected to be the major competitors in the Smart Home Projector market during the projected period.

Which type of segment is driving the market?

The android smart home projector segment is expected to drive the market during the forecasted period.

Which region is guiding the achievement of the market?

The North American region is expected to be the largest market for Smart Home Projectors market during the forecast period.

What can limit the expansion of the global market?

The introduction of large size TV may slow the growth of the Smart Home Projector market during the forecast period.

Table of Contents
Executive Summary 19
1. MARKET ATTRACTIVENESS ANALYSIS 20
Market Introduction 21
1. DEFINITION 21
2. Scope of the Study 21
3. RESEARCH OBJECTIVE 21
4. MARKET STRUCTURE 21
Research Methodology 22
MARKET DYNAMICS 28
1. INTRODUCTION 28
2. DRIVERS 29
  1. INTEGRATION OF PROJECTION TECHNOLOGIES WITH MOBILE DEVICES 29
  2. INCREASING DISPOSABLE INCOME OF AN INDIVIDUAL COUPLED WITH CHANGING LIFESTYLE 29
  3. INCREASED TRENDS OF PLAYING VIDEO GAMES IN KING SIZE, TO ENJOY THEATRE EXPERIENCE AT HOME, AND SEASONAL DECORATIONS 30
  4. DRIVERS IMPACT ANALYSIS 30
3. RESTRAINTS 31
  1. THE INTRODUCTION OF LARGE-SIZE TVS POSES MAJOR BARRIERS TO THE PROJECTORS MARKET 31
  2. RESTRAINTS IMPACT ANALYSIS 31
4. OPPORTUNITIES 31
  1. EMERGING ECONOMIES ARE EXPECTED TO OPEN LUCRATIVE OPPORTUNITIES FOR THE MARKET 31
  2. INTRODUCTION OF HIGH-RESOLUTION PROJECTORS 32
5. IMPACT OF COVID-19 ON SMART HOME PROJECTOR MARKET 32
  1. IMPACT ON SEMICONDUCTOR MANUFACTURERS 32
  2. IMPACT ON THE SMART HOME PROJECTORS SALES 32
  3. IMPACT ON YOY GROWTH 2020-2022 32
  4. IMPACT ON SUPPLY CHAIN DELAYS 33
MARKET FACTOR ANALYSIS 34
1. VALUE CHAIN ANALYSIS/SUPPLY CHAIN ANALYSIS 34
  1. HARDWARE/COMPONENT MANUFACTURERS 34
  2. SOFTWARE DEVELOPERS 34
  3. SYSTEM INTEGRATORS/SERVICE PROVIDERS 34
  4. DISTRIBUTION CHANNELS 34
2. PORTER’S FIVE FORCES MODEL 35
  1. THREAT OF NEW ENTRANTS 36
  2. BARGAINING POWER OF SUPPLIERS 36
  3. THREAT OF SUBSTITUTES 36
  4. BARGAINING POWER OF BUYERS 36
  5. INTENSITY OF RIVALRY 36
3. CONSUMER PURCHASE CHANNELS AND PURCHASING TENDENCIES 37
4. MAJOR FACTORS INFLUENCING CONSUMER BEHAVIOR 37
  1. PSYCHOLOGICAL FACTORS 37
  2. SOCIAL FACTORS 37
  3. CULTURAL FACTORS 37
  4. PERSONAL FACTORS 37
  5. ECONOMIC FACTORS 37
5. SMART HOME PROJECTORS: PRODUCTS EVOLUTION AND FUTURE MARKET SCENARIO/DEVELOPMENT 38
GLOBAL SMART HOME PROJECTOR MARKET, BY TYPE 39
1. INTRODUCTION 39
2. ANDROID SMART HOME PROJECTOR 40
3. LINUX SMART HOME PROJECTOR 40
GLOBAL SMART HOME PROJECTOR MARKET, BY RESOLUTION 41
1. INTRODUCTION 41
2. XGA (1024 X 768 PIXELS) 42
3. WXGA (1280 X 800 PIXELS) 42
4. HD (1920 X 1080 PIXELS) 42
5. 4K (4096 X 2160 PIXELS) 42
6. 8K (7680 × 4320 PIXELS) 42
GLOBAL SMART HOME PROJECTOR MARKET, BY TECHNOLOGY 43
1. INTRODUCTION 43
2. DLP 44
3. LCD 44
4. LED 44
5. LCOS 44
6. OTHERS 44
GLOBAL SMART HOME PROJECTOR MARKET, BY PRICING 45
1. INTRODUCTION 45
2. LOW END 46
3. MID END 46
4. HIGH END 46
GLOBAL SMART HOME PROJECTOR MARKET, BY SALES CHANNEL 47
1. INTRODUCTION 47
2. ONLINE 48
3. OFFLINE 48
GLOBAL SMART HOME PROJECTOR MARKET, BY REGION 49
1. INTRODUCTION 49
2. SMART HOME PROJECTOR MARKET VALUE (USD MILLIION) (2018-2030): BY REGION 49
3. SMART HOME PROJECTOR MARKET VOLUME/SHIPMENTS (K UNITS) (2018-2030): BY REGION 50
4. NORTH AMERICA 51
  1. NORTH AMERICA SMART HOME PROJECTOR MARKET VALUE (USD MILLIION) (2018-2030): BY COUNTRY 51
  2. NORTH AMERICA SMART HOME PROJECTOR MARKET, BY TYPE, 2018-2030 (USD MILLION) 51
  3. NORTH AMERICA SMART HOME PROJECTOR MARKET, BY RESOLUTION, 2018-2030 (USD MILLION) 52
  4. NORTH AMERICA SMART HOME PROJECTOR MARKET, BY TECHNOLOGY, 2018-2030 (USD MILLION) 53
  5. NORTH AMERICA SMART HOME PROJECTOR MARKET, BY PRICING, 2018-2030 (USD MILLION) 54
  6. NORTH AMERICA SMART HOME PROJECTOR MARKET, BY SALES CHANNEL, 2018-2030 (USD MILLION) 54
  7. US 55
  8. CANADA 57
  9. MEXICO 58
5. EUROPE 61
  1. EUROPE SMART HOME PROJECTOR MARKET VALUE (USD MILLIION) (2018-2030): BY COUNTRY 61
  2. EUROPE SMART HOME PROJECTOR MARKET, BY TYPE, 2018-2030 (USD MILLION) 61
  3. EUROPE SMART HOME PROJECTOR MARKET, BY RESOLUTION, 2018-2030 (USD MILLION) 62
  4. EUROPE SMART HOME PROJECTOR MARKET, BY TECHNOLOGY, 2018-2030 (USD MILLION) 63
  5. EUROPE SMART HOME PROJECTOR MARKET, BY PRICING, 2018-2030 (USD MILLION) 64
  6. EUROPE SMART HOME PROJECTOR MARKET, BY SALES CHANNEL, 2018-2030 (USD MILLION) 64
  7. GERMANY 65
  8. FRANCE 67
  9. UK 68
  10. REST OF EUROPE 70
6. ASIA-PACIFIC 72
  1. ASIA-PACIFIC SMART HOME PROJECTOR MARKET VALUE (USD MILLIION) (2018-2030): BY COUNTRY 72
  2. ASIA-PACIFIC SMART HOME PROJECTOR MARKET, BY TYPE, 2018-2030 (USD MILLION) 73
  3. ASIA-PACIFIC SMART HOME PROJECTOR MARKET, BY RESOLUTION, 2018-2030 (USD MILLION) 73
  4. ASIA-PACIFIC SMART HOME PROJECTOR MARKET, BY TECHNOLOGY, 2018-2030 (USD MILLION) 74
  5. ASIA-PACIFIC SMART HOME PROJECTOR MARKET, BY PRICING, 2018-2030 (USD MILLION) 75
  6. ASIA-PACIFIC SMART HOME PROJECTOR MARKET, BY SALES CHANNEL, 2018-2030 (USD MILLION) 75
  7. CHINA 76
  8. JAPAN 78
  9. INDIA 80
  10. SOUTHEAST ASIA 81
  11. REST OF ASIA-PACIFIC 83
7. MIDDLE EAST & AFRICA 85
  1. MIDDLE EAST & AFRICA SMART HOME PROJECTOR MARKET VALUE (USD MILLIION) (2018-2030): BY COUNTRY 85
  2. MIDDLE EAST & AFRICA SMART HOME PROJECTOR MARKET, BY TYPE, 2018-2030 (USD MILLION) 85
  3. MIDDLE EAST & AFRICA SMART HOME PROJECTOR MARKET, BY RESOLUTION, 2018-2030 (USD MILLION) 86
  4. MIDDLE EAST & AFRICA SMART HOME PROJECTOR MARKET, BY TECHNOLOGY, 2018-2030 (USD MILLION) 87
  5. MIDDLE EAST & AFRICA SMART HOME PROJECTOR MARKET, BY PRICING, 2018-2030 (USD MILLION) 88
  6. MIDDLE EAST & AFRICA SMART HOME PROJECTOR MARKET, BY SALES CHANNEL, 2018-2030 (USD MILLION) 89
  7. SAUDI ARABIA 89
  8. UAE 91
  9. SOUTH AFRICA 93
  10. REST OF MIDDLE EAST & AFRICA 94
8. SOUTH AMERICA 97
  1. SOUTH AMERICA SMART HOME PROJECTOR MARKET VALUE (USD MILLIION) (2018-2030): BY COUNTRY 97
  2. SOUTH AMERICA SMART HOME PROJECTOR MARKET, BY TYPE, 2018-2030 (USD MILLION) 97
  3. SOUTH AMERICA SMART HOME PROJECTOR MARKET, BY RESOLUTION, 2018-2030 (USD MILLION) 98
  4. SOUTH AMERICA SMART HOME PROJECTOR MARKET, BY TECHNOLOGY, 2018-2030 (USD MILLION) 99
  5. SOUTH AMERICA SMART HOME PROJECTOR MARKET, BY PRICING, 2018-2030 (USD MILLION) 100
  6. SOUTH AMERICA SMART HOME PROJECTOR MARKET, BY SALES CHANNEL, 2018-2030 (USD MILLION) 101
  7. BRAZIL 101
  8. ARGENTINA 103
  9. CHILE 105
  10. REST OF SOUTH AMERICA 106
Competitive Landscape 109
1. COMPETITIVE BENCHMARKING 110
2. VENDOR SHARE ANALYSIS 111
3. KEY DEVELOPMENTS 111
  1. PRODUCT DEVELOPMENT/ PRODUCT LAUNCH 111
COMPANY PROFILES 113
1. SONY CORPORATION 113
  1. COMPANY OVERVIEW 113
  2. FINANCIAL OVERVIEW 114
  3. PRODUCTS OFFERED 115
  4. KEY DEVELOPMENTS 115
  5. SWOT ANALYSIS 116
  6. KEY STRATEGIES 116
2. SAMSUNG ELECTRONICS 117
  1. COMPANY OVERVIEW 117

Smart Home Projector Market Segmentation

Market Segmentation Overview

Detailed segmentation data will be available in the full report
Comprehensive analysis by multiple parameters
Regional and country-level breakdowns
Market size forecasts by segment

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