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An ultra short throw projector is an optical, electrical device that projects image on a screen from a short distance of 0 to 4 feet using special mirrors and wide-angle lenses. These projectors can offer a huge screen viewing experience in a much smaller space. They reduce shadows and enhance the viewing experience, which propel their demand. They are compatible with gaming consoles, laptops, and smartphones, which further boosts their adoption. Major industry players are incorporating technological advancements to launch ecofriendly products at affordable costs. The rising research & development activities by major industry players are likely to proliferate the demand for ultra short throw projectors in the coming years.
The coronavirus pandemic gravely affected the global electronics industry. The semiconductor shortage witnessed during the pandemic resulted in decline in manufacturing of ultra short throw projectors. The supply chain disruptions further aggravated the situation. Nonetheless, the establishment of new semiconductor plants and favorable government initiatives to boost semiconductor production are likely to proliferate the product demand in the forthcoming years. As per Business Research Insights, the global ultra short throw projector market size is projected to reach USD 5.6 billion by 2026. The growing popularity of these projectors due to their high compatibility with devices and rising technological developments are expected to escalate the product demand in the coming years.
Business Research Insights Identifies the Following as the Top 7 Leading Ultra Short Throw Projector Companies:
1. Epson
This Japanese multinational corporation was founded in May 1942 and is renowned for manufacturing semiconductor devices, sensing systems, robots and industrial automation equipment, projectors, and other products. Headquartered in Suwa, Nagano, Japan, the company generated a revenue of USD 8.99 billion in 2021.
2. BenQ
BenQ Corporation was founded in 1984 and is headquartered in Taipei, Taiwan. The company sells and markets communication devices, computing devices, consumer electronics, and technology products under the brand name ‘BenQ’. Its prominent products include mobile computing devices, digital cameras and projectors, and TFT LCD monitors. It generated a revenue of USD 52.55 billion in 2021.
3. Hitachi
This Japanese multinational conglomerate corporation was founded in 1910 and is headquartered in Tokyo, Japan. The company provides a wide product portfolio featuring products in automation, robotics, electronics, auto parts, electrical substations, elevator & escalators, semiconductors, supercomputers, and others. It generated a revenue of USD 82,054 million in 2021.
4. Sony
Sony Group Corporation was founded in 1946 and is headquartered in Minato City, Tokyo, Japan. It is one of the largest video game publishers and video game console companies. Apart from that, it operates as one the largest producers of professional electronic products. In 2020, the company had 55% market share in the image sensor industry. It generated a revenue of USD 87.80 billion in 2021.
5. Casio
Founded in 1946, Casio is headquartered in Shibuya, Tokyo, Japan. The company specializes in products such as digital and analogue watches, mobile phones, calculators, projectors, electronic musical instruments, and others. It generated a revenue of USD 2.27 billion in 2021.
6. Canon
Canon, a Japanese multinational corporation was founded in August 1937, and is headquartered in Ota, Tokyo, Japan. The company offers a myriad of products, including projectors, presenters, digital copiers, CMOS image sensors, camcorders, flash units, and others. It generated a revenue of USD 30.55 billion in 2021.
7. LG
Formerly known as Lucky-Goldstar, LG Corporation was founded in January 1947 and is headquartered in Seoul, South Korea. The company offers a wide range of products across power generation, telecommunications, chemicals, electronics, engineering, and other applications. It has various subsidiaries, including LG Chem, LG Electronics, LG Display, LG Solar Energy, and others. The company generated a revenue of USD 67 billion in 2021.
Increasing investments across the electronics industry and high product demand from healthcare, automotive, research, and education sectors are likely to surge the demand for ultra short throw projectors in the coming years. The rising penetration of interactive projectors for corporate use is further anticipated to bolster the demand for these projectors. The increasing innovation and technological developments are likely to amplify the demand for ultra short throw projectors in the next few years, thereby fostering the industry’s expansion.