Global Light Projector Market 2016-2020
- Published: Apr 2016
- Pages: 53
- SKU: IRTNTR9248
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This market research study presents a detailed segmentation of the global light projector market by technology (LCD, DLP, and LCoS), by type (fixed installation and pico), by light source (lamp, LED, and laser), and by end-user (education, corporate, government, and entertainment). This report also segments the market by geography (Americas, APAC, and EMEA). The key vendors identified in the market are Canon, Epson, JVC, and Sony.
Overview of the light projector market
Technavio’s market analysts have predicted the global light projector market to grow impressively at a CAGR of more than 8% during the forecast period. This increasing adoption of low-cost, portable projectors by small- and medium-sized enterprises is one of the key factors driving the growth of this market. Also, the technology is fast becoming an affordable option for middle-class consumers due to the decreasing average selling price of light projectors. A high number of fixed installations are increasingly getting replaced by low-cost Pico projectors, and this is expected to propel the growth prospects of the light projector market during the forecast period.
During 2015, APAC was the largest market for light projectors and accounted for more than 45% of the market share in terms of the revenue generated. The increasing adoption of light projectors in the corporate and education sectors will aid in the growth of this market in the coming years. Also, the education sector is rapidly digitizing in this region, thereby fuelling the demand for the light projectors until the end of 2020.
Segmentation by type and analysis of the light projector market
- Fixed-installation projectors
- Pico projectors
The fixed installation projectors dominated the projector market in 2015, but the pico projector segment is expected to hold the maximum market share by the end of 2020. Since fixed installation projector is installed in a designated area and requires a large amount of installation space, its demand is expected to dwindle over the next five years. However, pico projectors work on the same technology as fixed installation projectors to display an image. But the projector does not require a fixed screen, making it portable and easy to use. Therefore, the pico projector market is expected to hold the largest market share of more than 60% by the end of 2020.
Segmentation by end-user and analysis of the light projector market
During 2015, the education sector dominated the market and accounted for nearly 37% of the market share. Across the world, governments have substantially increased their funding for the improvement and modernization of the education sector. As a result, many schools, colleges, and higher educational institutes have increased their spending on digitizing their education system by adopting the use of light projectors in the classroom.
Competitive landscape and key vendors
The global light projector market is highly competitive with the presence of multiple global players. The leading providers account for the majority of the market shares.
Key vendors in this market are -
Other prominent vendors analyzed in this market research report areAAXA Technologies, ACER, BenQ, Hitachi Digital Media, Light Blue Optics, LG Electronics, Samsung Electronics, Toshiba WowWee, and WowWee.
Key questions answered in the report include
- What will the light projector market size and the growth rate be in 2020?
- What are the key factors driving the global light projector market?
- What are the key light projector market trends impacting the growth of the market?
- What are the challenges to market growth?
- Who are the key vendors in the global light projector market?
- What are the market opportunities and threats faced by the vendors in the global light projector market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global light projector market?
Technavio also offers customization on reports based on specific client requirement.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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