4k UST Projectors Market Size, Share, Growth, and Global Industry Growth, By Type (2000 Lumens, 2500 Lumens, 3000 Lumens, 3500 Lumens, 4000 Lumens, and Others), By Application (Education, Business, Residential, and Others), Regional Insights, and Forecast From 2024 To 2031

Updated On: 08 April 2024

4K UST PROJECTORS MARKET REPORT OVERVIEW

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The global 4K UST projectors market size is expected to be USD 1182.2 million in 2022 and is projected to touch USD 9065.18 million by 2031, at a CAGR of 25.4% during the forecast period. 

A projector is an electronic device that displays an image on a screen from a short distance. A UST projector stands for ultra-short-throw projectors. These projectors are capable of positioning on the nearest place with the laptop being close to the screen. A 4K UST projector is a high-quality projector that displays the picture in 3840*2160 pixels. These projectors work even in bright rooms and require minimal space. The product demand is expected to grow due to the steady technological advancement adoption by the population.   

The 4K UST projector market is forecasted to grow in the foreseeable future due to its various functionalities and easy-to-use features. The educational sector is likely to adopt the product for e-learning. Additionally, businesses and corporate companies are also adopting e-learning technology, which is expected to surge growth in the market. The steady inclination of the population towards technology is most likely to boost product adoption in the global market. 

COVID-19 Impact: Supply Chain Interruption Affected Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with 4K UST projectors experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The rise in CAGR is a byproduct of the 4K UST projectors market growth and demand returning to pre-pandemic levels once the pandemic is over.

Due to the public's growing concern for their health during the COVID-19 outbreak, the market saw a downfall in product demand. The demand for 4K UST projectors could not be fulfilled during the pandemic due to the unavailability of raw materials. Additionally, the pandemic resulted in the fluctuation of the raw material price. The pandemic caused the manufacturing sectors to shut down, making them unable to meet customer's demands. It harmed market expansion. Essential equipment was not available in the market, which resulted in a halt in 4K UST projectors market growth. 

LATEST TRENDS

"Technological Advancements to Aid Growth"

The steady adoption of advanced technology in environment-friendly electronics is forecasted to drive growth in the market. Various industries are steadily adopting technologies for multiple uses. The educational sector is adopting the 4K UST projectors to create interactive and innovative sessions for the students to offer better understanding. Additionally, it is used in business presentations. The population is rapidly adopting the 4K UST projectors in place of large TVs. These factors are likely to aid maximum growth in the market. 

4K UST PROJECTORS MARKET SEGMENTATION

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• By Type Analysis

By type, the market is segmented into 2000 lumens, 2500 lumens, 3000 lumens, 3500 lumens, 4000 lumens, and others.

• By Application Analysis

Based on application, the market is classified into education, business, residential, and others. 

The market is expected to be dominated by the education sector as it reduces light glare and lowers the shadows owing to its screen proximity. 

DRIVING FACTORS

"Various Features of the Product to Attract Consumers and Propel Product Demand"

The 4K UST projectors offer excellent resolution with a 4K display, which is 3840*2160 pixels. The 4K display is considered to be one of the best resolution displays and gives an immersive experience of entertainment. It can be mounted on any existing furniture and does not require specific mounting equipment. The consumer can set up the projector as close to the screen as they want, which reduces the lens glare risk. These projectors are designed to work even in a bright room and prevent the emitted laser light from reflecting off the screen. These factors are expected to gain consumer's attraction in the market. These factors altogether are expected to surge 4K UST projectors market growth. 

"Advanced Features to Aid Growth"

The 4K UST projector's demand is likely to grow due to its multiple functionalities. Functions such as multi-touch collaboration, efficient user engagement, smooth interactivity, and a real-time learning experience are likely to increase the product demand in the market. Internet connectivity and speed are benefiting from technological advancements coupled with the rising sales of innovative projectors for educational and business purposes. Additionally, the steady adoption of networking and telecommunication technologies is anticipated to propel growth in the market. 

RESTRAINING FACTORS

"Low Versatility and High Cost of the Product to Hamper the Market Growth"

The 4K UST projectors create distortion problems as their edges are prone to distortion. It has an uneven brightness, which reduces its picture quality. Additionally, the price of the product is relatively high due to the availability of fewer models. These factors are forecasted to hinder the growth of the market. Moreover, the installation cost of 4K UST projectors is also high, which may limit the adoption of products in the global market.  

4K UST PROJECTORS MARKET REGIONAL INSIGHTS

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"North America to Lead Due to The Rising Adoption of Technology in the Educational Sector "

The market is fragmented into North America, Asia Pacific, the Middle East & Africa, Europe, and South America. 

North America is likely to lead the 4K UST projectors market share due to the increased support from the government for the increasing adoption of innovative technologies in education coupled with the rising penetration of 4K UST projectors in corporate domains. The U.S. is forecasted to hold a major contribution in regional growth due to the presence of most developed economies with established verticals such as entertainment, education, and business. 

Asia Pacific is expected to show significant growth in the global market owing to the higher demand for the product from education, healthcare, research areas, and automotive. Additionally, the rising investment in the consumer electronics domain is also likely to surge growth in the region. 

KEY INDUSTRY PLAYERS

"Key Companies to Focus On Long-Term Growth Strategies"

Presence of various key companies in the global market is developing a healthy competitive environment. Key companies are focused on the development of the product by installing interactive features to gain a competitive advantage in the global market. Moreover, major industry players are adopting organic and inorganic strategies to grow in the market. Furthermore, companies are emphasizing on upgrading their portfolio by launching technologically advanced products. Major players are also focusing on the development of strategic alliances to gain growth in the market. 

List of Market Players Profiled

• BenQ (Taiwan)
• Sony (Japan)
• Dell (U.S.)
• Epson (Japan)
• Optama (U.S.)
• Hitachi (Japan)
• ViewSonic (U.S.)

INDUSTRY DEVELOPMENT

• April 2021- Alpha Technologies and InFocus Corporation to support the marketing strategies of InFocus, support the projectors line and accessories related to it and boost the sales. 

REPORT COVERAGE

The report gives a close watch on the major factors influencing growth in the market. It also covers the forecast of the market on the basis of its segments, regional analysis, and driving factors. The factors anticipated to affect the growth of the market are also included in the report. A study on market essentials is made to offer complete insights into the market. Additionally, the list of key market players is mentioned to represent the company’s location and strategies. The report presents the competitive analysis to offer a brief idea about the existing competition.