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The 3D projector market share is expected to increase by USD 1.15 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.62%.
This 3D projector market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers 3D projector market segmentation by technology (DLP, LCD, and LCoS) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The 3D projector market report also offers information on several market vendors, including Acer Inc., ASUSTeK Computer Inc., Barco NV, BenQ Corp., Canon Inc., Dell Technologies Inc., Delta Electronics Inc., Digital Projection Ltd., Hitachi Ltd., InFocus, JVCKENWOOD Corp., NEC Corp., Seiko Epson Corp., Ushio Inc., ViewSonic Corp., Wolf Cinema, Xiaomi Global Community, Coretronic Corp., Panasonic Corp., and Sony Group Corp. among others.
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The rising adoption of 3D projectors in theaters and cinema halls is notably driving the 3D projector market growth, although factors such as high cost compared with traditional projectors may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the 3D projector industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key 3D Projector Market Driver
One of the key factors driving the global 3D projector market growth is the rising adoption of 3D projectors in theaters and cinema halls due to the increasing number of movies being produced across the world. After the release of the Avatar movie in 2009, a number of 3D movies, including animated, have been produced, such as Finding Dory, Toy Story, and The Incredibles. Animation movies are best experienced in a 3D format, and hence, consumers prefer 3D format as compared to 2D format. In addition, 3D movies are a premium category than normal movies and enable the cinema halls to charge more for the experience. In addition, recent technological developments such as Dolby Digital speakers, bigger screens (IMAX), and better in-theater services will further boost the adoption of 3D projector solutions, thereby driving the market growth during the forecast period.
Key 3D Projector Market Trend
Increasing launch of innovative products is one of the key 3D projector market trends that is expected to impact the industry positively in the forecast period. For instance, in May 2018, Digital Projections, launched six TITAN 3D projectors: TITAN 1080p-3D-L, TITAN WUXGA-3D-L, TITAN SX+ 3D-L, TITAN 1080p-3D P, TITAN WUXGA-3D-P, and TITAN SX+ 3D-P. The company also launched two new technologies: IP60-rated 100% sealed optics and its proprietary ColorBoost + Red Laser technology. Similarly, In June 2018, Digital Projections launched INSIGHT 4K HFR 360 Multi-View 3D projector, which offers immersive, collaborative, and interactive 3D experiences. Such innovations and their adoption will support the market growth in the coming years.
Key 3D Projector Market Challenge
One of the key challenges to the global 3D projector market growth is the high cost compared with traditional projectors. The cost of the equipment is a major factor for small and medium-sized companies with a limited budget to spend on equipment. Even for government-run schools, which mostly depend on funding from the government and approvals, a marginal increase in cost makes a significant difference in terms of extensive adoption of these products. For instance, on average, the added cost for 3D capability in projectors is USD 15,000 in commercial models and USD 20,000 in residential versions. Popular projectors from BenQ, Epson, and Optoma (part of Coretronic Corp.) are excellent examples of higher prices (USD 1,000-USD 10,000) for basic models and up to USD 50,000 for high-end models. Such factors are expected to negatively impact the market growth during the forecast period.
This 3D projector market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global 3D projector market as a part of the global IT spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the 3D projector market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the 3D projector market encompasses successful business strategies deployed by the key vendors. The 3D projector market is fragmented and the vendors are deploying growth strategies such as investment in R&D to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The 3D projector market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the 3D projector market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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50% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for 3D projectors in APAC. Market growth in this region will be faster than the growth of the market in Middle East and Africa and Europe.
The significant increase in the adoption of advanced technologies in the film and education industry will facilitate the 3D projector market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The spread of COVID-19 posed challenges to the 3D projector market in APAC in 2020. Regional governments imposed nationwide lockdowns in March 2020 to contain the spread of COVID-19 and extended them further by a few weeks. However, vendors in the market are launching new products to sustain their market position and support the growth of the market during the pandemic period. Thus, such factors will supplement the growth of the 3D projector market in the region during the forecast period.
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The 3D projector market share growth by the DLP segment will be significant during the forecast period. Factors such as the better image quality and ease of maintenance will boost the demand for DLP-based 3D projectors, which will support the growth of the market in focus during the forecast years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the 3D projector market size and actionable market insights on post COVID-19 impact on each segment.
Light Projector market - The market share has the potential to grow by USD 7.70 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 8.69%.
Laser Projector market - The market size is predicted to surge to USD 5.82 billion from 2021 to 2026 and the market's growth momentum will accelerate at a CAGR of 16.81%.
3D Projector Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.62% |
Market growth 2022-2026 |
$ 1.15 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.91 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 50% |
Key consumer countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Acer Inc., ASUSTeK Computer Inc., Barco NV, BenQ Corp., Canon Inc., Dell Technologies Inc., Delta Electronics Inc., Digital Projection Ltd., Hitachi Ltd., InFocus, JVCKENWOOD Corp., NEC Corp., Seiko Epson Corp., Ushio Inc., ViewSonic Corp., Wolf Cinema, Xiaomi Global Community, Coretronic Corp., Panasonic Corp., and Sony Group Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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