Single Chip Projectors Market Size, Share, Growth, and Industry Analysis by Type (Single Chip DLP Projector, Single Chip LCD Projector and Others), By Application (Business and Entertainment, Educate, Household, Cinema and Other), Regional Forecast To 2031

Updated On: 15 April 2024

Single Chip Projectors Market REPORT OVERVIEW

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global single chip projectors market size was USD 4672.5 million in 2022 and market is projected to touch 7827.31 Million by 2031, exhibiting a CAGR of 5.9% during the forecast period.

DLP (Digital Light Processing) projectors, commonly referred to as single chip projectors, are a particular form of projector that projects images or video onto a surface using a single imaging chip. A colour wheel is placed between a white bulb and the DLP chip in a projector with a single DLP chip, or the primary colours are created individually using LEDs or lasers, for example, or both. The fundamental additive colours of red, green, and blue, as well as white (clear) are separated into several sectors on the colour wheel.

COVID-19 Impact: Enforcement of Lockdown and Indefinite Production Disturbed Economies of Scale and Shackled the Market Growth

On the projector market, the COVID-19 pandemic epidemic had a detrimental impact. As a result of the government's implementation of lockdown, no one could leave, and the corporate and educational sectors were shut down entirely. Consequently, projector demand in these industries has gradually dropped. The COVID-19 epidemic has been observed to have a negative impact on the market for single chip projectors. As customers turned their attention to other necessary goods, the market for projectors declined. The need for projectors has decreased as operations in offices and schools have stopped. Due to the labour shortage, the disruption of the supply of raw materials, and logistical issues, the production process for projectors has become difficult for businesses.

LATEST TRENDS

"3D Projection and 4K High Definition to Propel the Market Share"

When connected with suitable 3D glasses, many single-chip DLP projectors feature 3D projection, allowing you to experience 3D movies, games, and other entertainment. These projectors create the 3D illusion by alternating between the left and right eye pictures using a technique known as sequential frame projection. Standard definition (SD), high definition (HD), and even 4K UHD single-chip projectors are available in a variety of resolutions. They usually have many input options, such as HDMI, VGA, and USB, allowing you to connect a variety of devices, such as laptops, DVD players, gaming consoles, and so on.

Single Chip Projectors Market SEGMENTATION

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• By Type

Based on type; the single chip projectors market is divided into single chip DLP projector, single chip LCD projector and others.

Single chip LCD projector is the leading part of the type segment.

• By Application

Based on the application; the single chip projectors market is divided into business and entertainment, educate, household, cinema and others.

Business and entertainment is the leading part of the application segment.

DRIVING FACTORS

"The Advantages Offered by Leading Segment DLP Projector to Bolster the Market Demand"

Texas Instruments created DLP technology, which is used in single-chip projectors. To reflect light and form the projected image, DLP projectors use a micro display chip with thousands of tiny mirrors. Each mirror represents a single pixel, and the projector may output varied colour tones and brightness levels by rapidly moving the mirrors. DLP projectors are noted for producing high-quality images. They provide images that are clear and detailed, with outstanding colour accuracy and contrast. The use of a single chip aids in the elimination of colour alignment difficulties that might arise with multi-chip projectors.

"The Portability and Long Lamp Life to Attract the Market Share"

Single-chip projectors are often small and light, making them ideal for portability. They're used for business presentations, classrooms, and other applications that require mobility. Some types are so compact that they may fit in a pocket. DLP projectors typically have a long lamp life, which can range from a few thousand to several thousand hours depending on the model and usage. Lamp replacement and maintenance requirements may vary, however for maximum performance and longevity, it is normally recommended to follow the manufacturer's specifications.

RESTRAINING FACTORS

"The Functioning and the Certain Projection Issues to Hold Back the Market Growth"

The high pitch whine of the colour wheel irritates some viewers. The driving system, on the other hand, can be designed to be silent, and some projectors create no audible colour wheel noise. Dithering noise may be visible, particularly in dark image areas. Single-chip projectors may consume more energy and produce more heat than competing technology. Single-chip projectors typically have a fixed throw ratio, which refers to the distance required between the projector and the screen to produce a given image size. This implies that just moving the projector closer or farther away from the screen will not change the projection size.  However, the projection issues to can hamper the single chip projectors market share.

Single Chip Projectors Market REGIONAL INSIGHTS

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"Asia Pacific Region to Lead the Market with Budget Production Cost Incurred"

The market share is expected to be dominated by Asia Pacific region during the forecast period.  Asia Pacific region is predicted to be dominant in the single chip projectors market share and will maintain the dominance over the forecasted period. Japan and China are the world's top producer of new releases, according to IMDB. The top prominent manufacturers to contribute a huge share in the single chip projectors market growth. This is significantly contributing to the single chip projectors market growth.

KEY INDUSTRY PLAYERS

"Prominent Industry Players in the Industry to Promote Market Expansion"

The market's expansion was significantly impacted by the techniques employed by market participants in recent years, such as extensions. The report covers details and information about the firms and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other considerations taken into account for this market are the businesses that develop and provide new products, the geographic areas in which they function, mechanization, innovation strategies, generating the maximum revenue, and using their products to make a significant difference.

List of Market Players Profiled

• Optoma (U.K)
• XGIMI (China)
• JMGO (China)
• BenQ (China)
• Sharp (Japan)
• Acer (China)
• Vivitek (India)
• Appotronics (China)
• ViewSonic (U.S.A)
• LG (South Korea)
• Mitsubishi Electric (Japan)
• Miroir (U.S.A)
• BARCO (Belgium)
• Canon (Japan)
• Nebula (U.S.A)
• JVC (Japan)
• DANGBEI (China)
• Xiaomi (China)
• Honghe-Tech (China)
• Ruishida (China)
• Boxlight (U.S.A)
• Guangzhou Wangshang (China)
• Panasonic (Japan)
• ASUS (China)
• Shenzhen Hifun (China).

REPORT COVERAGE

This report covers a comprehensive backdrop analysis, an assessment of the parent market, intensive study in the market dynamics. Past historical, current, and projected size of the market from the point of both value and volume. Researching of recent industry developments, deep study on market shares and strategies of major players and the emerging niche segments and regional market areas are covered in the report.