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

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR41257
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The multimedia projector market has the potential to grow by USD 5.88 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 8.13%.

This multimedia 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 (DLP, LCD, and others) and geography (APAC, North America, Europe, South America, and MEA). The multimedia projector market report also offers information on several market vendors, including BenQ Corp., Canon Inc., Coretronic Corp., Dell Technologies Inc., Hitachi Ltd., Koninklijke Philips NV, LG Electronics Inc., Samsung Electronics Co. Ltd., Sharp Corp., and Sony Corp. among others.

What will the Multimedia Projector Market Size be in 2021?

Multimedia-Projector-Market-Market-Size-2020-2025

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Multimedia Projector Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growing demand for projectors in the education and corporate sectors is notably driving the multimedia projector market growth, although factors such as the high cost of multimedia projectors may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the multimedia projector market industry get your FREE report sample now.

  • The growing demand for projectors in the corporate and education sectors will drive the growth of the multimedia projector market.
  • Projectors are used in schools and colleges as classrooms are going paperless.
  • In the corporate sector, they are being used for activities such as business presentations and discussions.
  • In developed countries in North America and Europe, the use of smart classrooms and e-learning is being promoted in schools.
  • The smart classroom technology and interactive whiteboards include multimedia projectors.
  • Vendors are taking initiatives toward making technology adoption easier and more affordable for schools. This will further boost the demand for multimedia projectors in the education sector.
  • Vendors are focusing on developing technologically advanced multimedia projectors.
  • They are launching new products to expand their product portfolios and increase their sales.
  • Maxell Ltd. announced the release of its new Lecture Capture Collaboration Station, the MA-XL1, specifically for K-12 and higher education facilities. The new multifunctional tool gives operators the power to upload interactive video content and collaborate with classrooms in remote locations.
  • Optoma launched a new battery-powered portable 1080p LED projector, LH160. The projector can be used for personal and business purposes. It is a small and compact projector that can easily fit into a bag or backpack.

This multimedia 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. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Multimedia Projector Market Vendors?

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

 

  • BenQ Corp.
  • Canon Inc.
  • Coretronic Corp.
  • Dell Technologies Inc.
  • Hitachi Ltd.
  • Koninklijke Philips NV
  • LG Electronics Inc.
  • Samsung Electronics Co. Ltd.
  • Sharp Corp.
  • Sony Corp.

 

The multimedia projector market is fragmented and the vendors are deploying growth strategies such as expanding their product portfolios by developing advanced technologies and obtaining regulatory approvals for new products to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

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.

Download a free sample of the multimedia projector market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Multimedia Projector Market?

Multimedia-Projector-Market-Market-Share-by-Region-2020-2025

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48% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for multimedia projectors in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The presence of strong vendors, growing demand for multimedia projectors in these countries, and the rising adoption of smart classrooms will facilitate the multimedia projector market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

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

Multimedia-Projector-Market-Market-Share-by-Technology-2020-2025

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The multimedia projector market share growth by the DLP segment will be significant during the forecast period. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the multimedia projector market size.

 

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

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

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Multimedia 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%

Market growth 2021-2025

$ 5.88 billion

Market structure

Fragmented

YoY growth (%)

3.59

Regional analysis

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

Performing market contribution

APAC at 48%

Key consumer countries

China, US, Japan, Germany, France, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

BenQ Corp., Canon Inc., Coretronic Corp., Dell Technologies Inc., Hitachi Ltd., Koninklijke Philips NV, LG Electronics Inc., Samsung Electronics Co. Ltd., Sharp Corp., and Sony 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 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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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 multimedia projector market growth will increase by $8.22 billion during 2019-2024.
The multimedia projector market is expected to grow at a CAGR of 9.93% during 2019-2024.
Technavio has segmented the multimedia projector market by technology (DLP, LCD, and Others) ,application (Semiconductors, Life sciences, Material sciences, and Nanotechnology) , and geographic (APAC, North America, Europe, and South America).
BenQ Corp., Canon Inc., Coretronic Corp., Dell Technologies Inc., Hitachi Ltd., LG Electronics Inc., Panasonic Corp., Samsung Electronics Co. Ltd., Sharp Corp., Sony Corp. are a few of the key vendors in the multimedia projector market.
APAC will register the highest growth rate of 47.62% among the other regions. Therefore, the multimedia projector market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the multimedia projector market growth are:
  • Growing demand for projectors in education and corporate sectors
The multimedia projector market vendors should focus on grabbing business opportunities from the dlp segment as it accounted for the largest market share in the base year.
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