Computer Projectors Market Size, Share, Growth, and Industry Analysis, By Type (DLP, LCD, and Others), By Application (Business, Education, Home, Cinema, and Others), and by Regional Forecast To 2032

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Computer Projectors Market Report Overview

The global computer projectors market size was USD 8.433 billion in 2023 & the market is expected to reach USD 12.21 billion in 2032, exhibiting a CAGR of 4.2% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the computer projectors market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A computer projector is a device that projects images, videos, or data from a computer or other multimedia sources onto a larger screen or projection surface. It uses light sources for instance lamps, LEDs, or lasers, and employs imaging technologies such as DLP or LCD. Projectors come in various resolutions and offer multiple connectivity options. They are widely used for business presentations, classrooms, home theatres, and other settings where large-scale visual display is required, providing a versatile solution for sharing content in a clearer and more immersive manner.

The market is anticipated to flourish with a remarkable growth rate over the forecast due to the demand from businesses, educational institutions, and home entertainment setups. Technological advancements, including improved resolution and connectivity, made projectors more appealing, and the emergence of portable and pico projectors added to their popularity. Furthermore, the market is split by type and by application. Based on the type of product, DLPs, and LCDs are present in the market. On the other hand, business, education, home, and cinema are the crucial application segments to create the demand for projectors.

COVID-19 Impact: Uncertain Limitations Curbed the Demand for Projectors in Education and Business Industry

The market for computer projectors faced numerous challenges due to the COVID-19 pandemic. This anomalous incident shook the entire business industry with uncertain restrictions over social and economic activities. The lockdown limitations halted the operations on educational and business sectors which are the key applications of this market. Owing to the decline in demand for projectors and disruption in the supply chain, the coronavirus outbreak curbed the market growth specifically, in 2020-2021. However, as the market subjugated from this pandemic to a great extent and begun to reconcile, it is likely to gain significant demand from the key applications which will aid the market growth in the coming years.

Latest Trends

"Trend of Ultra-Short Throw Projectors Strengthen the Market Scope"

Over time, the demand for computer projectors has been propelled due to advanced features and innovative technology which made these projectors more convenient and smarter. Illustratively, ultra-short throw projectors gained popularity due to their ability to project large images from a short distance from the screen or wall. This feature makes them ideal for smaller spaces, and they are often used in home theatres, classrooms, and interactive displays. As well as projectors with built-in wireless connectivity, such as Wi-Fi and Bluetooth, saw increased demand as they offer convenient and seamless connectivity with laptops, smartphones, and other devices. As a result, these ongoing market trends are accredited to expand the market prospects and growth over this forecast period. 

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Computer Projectors Market Segmentation

By Type Analysis

According to type, the market can be bifurcated into DLP, LCD, and Others.

• By Application Analysis

Based on application, the market can be divided into business, education, home, cinema, and others.

Driving Factors

"Business and Educational Demand Upsurge the Demand for Projectors"

Initially, the corporate sector and educational institutions were significant drivers of the market. Projectors were widely used in offices and classrooms for presentations, training sessions, and interactive learning, leading to steady demand which is still continuing to rise the demand for these projectors for educational purposes, particularly, in seminars and conference halls related to business meetings and projects.

"Growing Advancements in Technology and Home Entertainment Drive the Market Growth"

The continuous technological developments have boosted the quality and features of these computer projectors which enabled them to connect with laptops, tablets, and desktops, making them more convenient for users. Modern technology improvements, such as higher resolutions, enhanced brightness levels, and better connectivity options, made projectors more attractive to consumers and businesses, encouraging upgrades and new purchases. Apart from this, the growing popularity of home theatres and gaming setups also created a surge in demand for projectors that provided a cinematic experience and immersive gameplay on larger screens which is likely to enhance the computer projectors market growth.

Restraining Factors

"Competition from Large Displays Can Obstruct the Market Extension"

The market faced competition from large-format displays, such as LED TVs and interactive flat panels. These displays offer a convenient, all-in-one solution without the need for separate projectors and screens which are affecting the demand for traditional projectors in certain settings and may hinder the expansion of the market in the long run. 

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Computer Projectors Market Regional Insights

"North America Leads the Market Due to Robust Corporate Industry & Well-Established Education Sector"

According to market research, North America was a leading market for computer projectors. North America's strong position in the market was due to its technological advancements, corporate demand for presentations, growth in the education sector, the popularity of home entertainment and gaming setups, and an affluent consumer base. The region's hosting of trade shows and events also contributed to the demand for projectors.

Key Industry Players

"Key Players Offer a Wide Range of Projector Models Catering to Various Applications"

With regard to key players, major companies in the market play a vital role to stimulate market expansion. Their strong market presence, diverse product offerings, and innovation impel higher product sales and revenue generation. Substantially, the top five companies hold the majority of the shares. Specifically, around one-sixth of the computer projectors market shares are occupied by the Epson alone. Effective pricing strategies, market penetration, and distribution networks allow them to reach a wide customer base, while expansion into new markets and regions drives further growth. Additionally, their introduction of new technologies and features shapes industry trends, influencing customer preferences and adoption, ultimately impacting overall market revenue. 

LIST OF TOP COMPUTER PROJECTORS COMPANIES

• Epson
• Qisda(BenQ)
• Acer
• NEC
• Optoma
• Canon
• Sharp
• Panasonic
• Vivitek
• Sony
• ViewSonic
• LG
• Dell
• BARCO
• Infocus
• Christie
• Digital Projection
• Costar

Report Coverage

This report defines the computer projectors market. It emphasizes the market value, expected CAGR, and USD value over the forecast period, before and after the impact of the COVID-19 pandemic restrictions on the international market, and how the industry is going to turn the corner is also stated in the report. The report provides significant market data with its product type and product applications, end-use details, and an idea of the market growth in the future. This report also provides an understanding of the growing market trends and developments and their effects on the market growth, driving factors along with restraining factors that impact the market dynamics. Along with this, the leading region, key players of the market, and their tactics to beat the market competition, sustainable policies, their collaboration, mergers, companies’ profile, previous years’ revenue, profit & loss, and market position based on their share value in the market, are also explained in the report.