Market Research Future (MRFR) will be publishing a cooked research report on the “Global Smart Home Projector Market” that contains information from 2018 to 2030.
MRFR recognizes the following companies as the key players in the global Smart Home Projector market: Sony Corporation (Japan), Samsung Electronics (South Korea), Koninklijke Philips N.V.(Netherlands), LG Electronics (South Korea), Lenovo (Hong Kong), JVCKENWOOD (Japan), Seiko Epson (Japan), Panasonic Corporation (Japan), XGIMI Technology Co. (China), Optoma (China), AAO Projectors (Japan), Vivitek Corporation (Taiwan), BenQ (Taiwan), and Acer Inc. (Taiwan).
Smart Home Projector Market Highlights
The global Smart Home Projector market was valued at USD 1,809.53 million in 2020 and is expected to grow at a CAGR of 17.7 % during the forecast period
A smart home projector is usually a portable device that combines the latest display technologies with smart integrated functionality. The latest generation will connect with mobile devices, home network, and content services for a seamless viewing experience. And you’d be amazed at what the right projector will do for your viewing experience. Increased trends of playing video games in king size, to enjoy theatre experience at home, and seasonal decorations are some of the major factors fueling the projectors adoption.
Smart home solutions are becoming more popular. The new generation seeks modular solutions that may be expanded or relocated. They are moment-oriented, and they purchase Internet of Things (IoT) devices based on their current requirements and budget. Smart projectors have their user interfaces, operating systems, apps, and even wireless capabilities. These projectors do not require users to connect them to smartphones, tablets, or laptops because they have a built-in computer that can stream material or download apps. A smart projector is equipped with special and useful characteristics that separate it from its standard versions. A smart projector includes a built-in computer that can be operated through the onboard interface screen or the projected image. The operating system that runs it can be expanded using apps available on the internet.
It can also connect to the internet and communicate wirelessly with other smart devices via the Wi-Fi network, as well as stream movies and TV shows. The older generation, by contrast, searches for quality and all-in-one solutions. They want a complete solution that does not require any updates or extras and is proof of their future needs. It brings users all the TV shows and movies they love on the big screen and even allows voice search commands. Smart projectors usually have some image correction features that offer the correct image distortions without moving the devices. Therefore, the increasing disposable income of an individual, coupled with changing lifestyle, is driving the Smart Home Projector Market growth
Access full report @ https://www.marketresearchfuture.com/reports/smart-home-projector-market-11035
COVID-19 Impact Analysis
China is one of the largest exporters of devices across the globe. The country holds an almost 50% share in the exports of software and hardware devices. Hence, the IT sector is expected to witness severe disruptions in the coming few months due to the spread of COVID-19. The outbreak has already resulted in a 50–60% decline in the manufacturing market, while indoor and greenhouse production set down a drop of about 16% in FY'2020. As there is a high demand for fire sensors/detectors from automotive, IoT, healthcare, and industrial markets, the lead time of the components remains high for capacitors, resistors, and memory. This is creating the OEMs and EMS to delay their production while waiting for the commodity component. The slowdown in the retail, manufacturing, and other sectors has led to a decline in product demand due to the reduced budget for a new warehouse or commercial space. The adoption of smart home projector products would further be affected as the vendors plan to increase the product prices.
Smart Home Projector Market Segment Analysis
The global Smart Home Projector market has been segmented on the basis of type, resolution, technology, pricing, sales channel, and region
The global Smart Home Projector market, based on type, has been segmented into Android Smart Home Projectors and Linux Smart Home Projectors.
The global Smart Home Projector market, based on resolution, has been segmented into XGA (1024 x 768 pixels), WXGA (1280 x 800 pixels), HD (1920 x 1080 pixels), 4K (4096 x 2160 pixels), 8K (7680 × 4320 pixels) and Others.
The global Smart Home Projector market, based on technology, has been segmented into DLP, LCD, LED, LCoS, and Others.
On the basis of pricing the market has been bifurcated into low-end, mid-end, and high-end.
Based on sales channels the market has been segmented into online and offline.
Key Findings of the Study:
Introduction of the high-resolution smart home projector market is the key opportunity in this market.