The interactive projector market is projected to register a CAGR of 21% from 2020 to 2027. The interactive projector market size is expected to reach approximately USD 3 Billion by 2027. The considerable expansion of the education industry and the rising need for effective e-learning and presentation solutions are key factors fueling the market's expansion. Additionally, the market is expanding due to the increased usage of dynamic projectors in the corporate and healthcare industries for giving presentations and informing patients. Game developers also use these projectors to provide players with an interactive experience. Interactive projectors enable the player to alter the gaming landscape and interact with the walls and tables for complex games. The development of the industry is also being aided by several technical innovations, such as being fully equipped with cloud computing and machine learning. The market is projected to grow even further due to additional reasons such as improvements in sensor technology, the adoption of supportive regulations for digital learning solutions, increasing digitization and automation in the education sector, and so on.
COVID-19 Impact Analysis
The COVID-19 pandemic's debut has greatly influenced the market. As the COVID-19 virus spreads, regulatory organizations must enact strict lockdowns and travel restrictions. This has had a big effect on the demand for dynamic projectors. The demand for and sales of interacting projectors declined due to COVID-19. The pandemic disrupted interactive projector supply chains since many essential items and commodities strongly depend on imports from other countries. Additionally, the strict regulations of governmental authorities to follow social distance requirements forced businesses to operate with a limited staff, which led to a decline in the market production rate for interactive projectors.
Interactive Projector Market Dynamics
Since interactive projectors give consumers a variety of features, demand for them is also growing. The market for interactive projectors is expanding due to characteristics including seamless interaction, real-time learning, and incredibly effective user engagement. The expanding technical advancement has significantly fueled the expansion of the market.
The market's growth is constrained by customers' low knowledge of interactive projectors. The delayed adoption of interactive projectors is the main factor limiting the growth of the market for them.
In addition to educational institutions, the increasing need for presentations in offices is creating a variety of prospects for growth. The government's backing of cutting-edge technology for online education will also contribute to the growth of the market. As a result, the market for interactive projectors will develop profitably throughout the forecast period.
Interactive Projector Market Segmentation
Based on the dimension, the interactive projector market segmentation is 3D and 2D. The 3D category dominated the interactive projector market growth in 2021 due to technological and connectivity advancements.
Display Type Insights
Based on the display type, the interactive projector market segmentation is LCoS (Liquid Crystal on Silicon), DLP (Digital Light Processing), and LCDs. The market will be dominated by DLP technology in 2021. The space among pixels is severely constrained with DLP technology since each micro-mirror is separated by less than one micron. Compared to LCD projectors, DLP projectors are more compact and silent. Furthermore, DLP projectors cost less than LCD projectors.
Based on the resolution, the market is divided into wide XGA, XGA, Wide XGA, and HD categories. The XGA category dominated the market in 2021. Resolution measures how many dots or pixels are needed to display a picture. A greater resolution image is produced using more pixels, producing a finer, cleaner image. Projecting through graphs, charts, text, and high-definition video calls for high resolution. The resolution is shown as a number combination, such as 1920 x 1200. This indicates that there are 1200 vertical lines and 1920 horizontal lines of dots on the screen. Wide UXGA pixels are 1920 x 1200, Wide XGA pixels are 1280 x 800, and XGA pixels have a resolution of 1024 x 800.
Projection Distance Insights
The market is divided into three categories: short throw, ultra-short throw, and standard throw. The market for ultra-short-throw projectors is anticipated to grow quickly in 2021. The ultra-short-throw projectors have the smallest distance between the screen and the projector. A projection with a smaller throw would result in fewer shadows. It can be helpful when the room is constrained since it also lessens the light that hits the presenter's eyes.
The market is divided into five categories based on projection distance: healthcare, tourism & hospitality, enterprises, education, and others. The education category dominated the market in 2021. One of the primary drivers propelling the market's growth is the significant expansion of the education sector and the growing need for effective e-learning and presentation solutions. Additionally, the growing use of interactive projectors in the business and hospitality industries for giving presentations and informing patients is helping the market expand.
Global Interactive Projector Market Share by Region, 2021 (%)
Interactive Projector Market Overview, by region
By region, the interactive projector market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America accounted for the most extensive market share. Europe will exhibit the highest CAGR during the forecast period.
According to studies, the market for interactive projectors will be dominated by North America. Immersive projectors are extensively employed in classroom settings. Major competitors in this area are launching new goods to maintain their competitiveness.
During the projected period, the market in Asia-pacific is expected to develop at the fastest rate. The market is expanding due to the increasing use of dynamic projectors in the educational sector in nations like China, India, Japan, South Korea, and Malaysia. Some drivers driving the market's growth include rising support from the government and education funding and technology usage in the educational and business sectors.
Interactive Projector Market Competitive Landscape
The industry players are involved in innovating their projection technologies to create outstanding visual experiences. Vendors strive to make long-term commitments to expand their product offerings and capture untapped markets. Most key players in the market for the interactive projector are focusing on Application-specific requirements to increase their market share among various end-use industries across the globe. The high demand for ultra-short throw projectors, owing to their ability to reduce shadows and glare from the light source, is expected to create new growth opportunities for many start-ups and international companies in this market.
Prominent players in the interactive projector market research include Hitachi Ltd., Techjet Inc., Christie Digital, Optoma Corporation, Panasonic Corporation, Dell Inc., Sony Corporation, NEC Corporation, Seiko Epson Corporation, and BenQ Corporation, among others.
Interactive Projector Market Report
Display Type Outlook
Projection Distance Outlook
Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
Interactive Projector Market Forecast & Size:
To identify and estimate the market size for the interactive projector market report segmented by dimension, display type, resolution, projection distance, and application by value (in US dollars). Also, to understand the consumption/ demand created by consumers in the interactive projector market forecast between 2020 and 2027
Market Landscape and Trends:
To identify and infer the drivers, restraints, opportunities, and challenges in the interactive projector market growth
Market Influencing Factors:
To find out the factors which are affecting the interactive projector market size among consumers
Impact of COVID-19:
To identify and understand the various factors involved in the market affected by the pandemic
To provide a detailed insight into the major companies operating in the market. The profiling will include the company's financial health in the past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
|Market Size||USD 3 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Dimension, Display, Resolution Usage, Projection distance, and Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and the Rest of the World (RoW)|
|Key Vendors||Hitachi Ltd., Techjet Inc., Christie Digital, Optoma Corporation, Panasonic Corporation, Dell Inc., Sony Corporation, NEC Corporation, Seiko Epson Corporation, and BenQ Corporation, among others|
|Key Market Opportunities||Rising demand in the educational system and corporate|
|Key Market Drivers||Boosting education system|
The interactive projector market forecast period is 2020-2027
According to interactive projector market research, the market is expected to register a CAGR of ~21% over the next ten years.
Asia-Pacific is expected to register the highest CAGR during 2020-2027
North America held the largest share in 2020
Hitachi Ltd., Techjet Inc., Christie Digital, Optoma Corporation, Panasonic Corporation, Dell Inc., Sony Corporation, NEC Corporation, Seiko Epson Corporation, and BenQ Corporation, among others, are the major companies operating in the market.