Light Projector Market by Technology and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR71129
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The light projector market 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%.

This light 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 market segmentation by technology (LCD, DLP, and LCoS) and geography (APAC, Europe, North America, MEA, and South America). The light projector market report also offers information on several market vendors, including AAXA Technologies Inc., Acer Inc., BenQ Corp., Canon Inc., Hitachi Ltd., JVCKENWOOD Corp., LG Electronics Inc., Samsung Electronics Co. Ltd., Seiko Epson Corp., and Sony Group Corp. among others.

What will the Light Projector Market Size be in 2021?

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Light Projector Market: Key Drivers and Trends

The increasing adoption of pico projectors is notably driving the light projector market growth, although factors such as intense competition leading to price wars and reducing profit margins 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 light projector industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

This light 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 2021-2025.

Who are the Major Light Projector Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AAXA Technologies Inc.
  • Acer Inc.
  • BenQ Corp.
  • Canon Inc.
  • Hitachi Ltd.
  • JVCKENWOOD Corp.
  • LG Electronics Inc.
  • Samsung Electronics Co. Ltd.
  • Seiko Epson Corp.
  • Sony Group Corp.

 

This statistical study of the light projector market encompasses successful business strategies deployed by the key vendors. The light projector market is fragmented and the vendors are deploying various organic and inorganic growth strategies 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 light 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. 

Which are the Key Regions for Light Projector Market?

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46% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for light projectors in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

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.

What are the Revenue-generating Technology Segments in the Light Projector Market?

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The light projector market share growth by the LCD segment will be significant during the forecast period. Projectors with LCD technology are also called 3LCD because it uses three liquid crystal panels. They are popular in emerging countries such as China, Brazil, and India, as they are priced low. With the increasing penetration of digitization in the education sector, an increasing number of educational institutions see LCD projectors as a cost-effective solution that is in line with technological advances in the industry. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the light projector market size and actionable market insights on post COVID-19 impact on each segment.

 

Light Projector Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8.69%

Market growth 2021-2025

$ 7.70 billion

Market structure

Fragmented

YoY growth (%)

7.22

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 46%

Key consumer countries

China, US, Germany, India, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AAXA Technologies Inc., Acer Inc., BenQ Corp., Canon Inc., Hitachi Ltd., JVCKENWOOD Corp., LG Electronics Inc., Samsung Electronics Co. Ltd., Seiko Epson 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 future consumer dynamics, market condition analysis for the forecast period

Customization purview

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What are the Key Factors Covered in this Light Projector Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive light projector market growth during the next five years
  • Precise estimation of the light projector market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the light projector industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of light projector market vendors

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Research Framework

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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The light projector market growth will increase by $7702.52 million during 2020-2025.
The light projector market is expected to grow at a CAGR of 8.69% during 2020-2025.
Technavio has segmented the light projector market by geographic (APAC, Europe, North America, MEA, and South America).
AAXA Technologies Inc., Acer Inc., BenQ Corp., Canon Inc., Hitachi Ltd., JVCKENWOOD Corp., LG Electronics Inc., Samsung Electronics Co. Ltd., Seiko Epson Corp., Sony Group Corp. are a few of the key vendors in the light projector market.
APAC will register the highest growth rate of 46.16% among the other regions. Therefore, the light projector market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • Germany
  • India
  • France
The key factors driving the light projector market growth are:
  • Increasing adoption of pico projectors
The light projector market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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