ULTRA SHORT THROW PROJECTOR MARKET REPORT OVERVIEW
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The global ultra-short throw projector market size was USD 1616.5 million in 2021 and is expected to reach USD 8745 million in 2028, exhibiting a CAGR of 27.3% during the forecast period.
An ultra-short throw projector is an electrical, optical device that "throws" an image onto a screen from a very short distance using special wide-angle lenses and mirrors. Most conventional throw projectors need one inch of distance from the projected area for every inch of diagonal screen resolution. Closer to wall projectors from UST can be put just below and close up to the video screen, offering the magnificence of a huge screen in a much smaller space. Laser TVs, ultra-short throw televisions, and laser projector TVs are all terms used to describe USTs projectors.
Ultra-short throw projector lenses are used to create larger projected pictures at a reduced throw distance. The projector can be placed a few inches away from the wall while viewing a movie; instead of placing it from a few feet, which, in turn, may boost convenience. Its ability to be simply mounted on a cabinet near the screen boosts installation convenience. An ultra short throw projector reduces shadows and boosts the viewing experience, thereby increasing its adoption. These projectors are universally compatible, allowing you to link them to cellphones, laptops, and gaming consoles to provide you with entertainment on a whole new level. These factors are likely to propel the growth of the ultra-short throw projector market.
COVID-19 Impact: Semiconductor Chipset Shortage and Lockdown Restrictions to Impede Market Progress
The COVID-19 pandemic has adversely affected several markets globally. This ultra-short throw projector market is expected to be negatively affected during the COVID-19 pandemic. The sudden rise in CAGR is attributable to the ultra-short throw projector market growth and demand returning to pre-pandemic levels once the pandemic is over.
The COVID-19 pandemic is negatively impacting the electronics Industry. Dependence on supply changes and the availability of crucial components are anticipated to hamper market expansion. Due to enforced lockdowns and imposed limits by separate regulatory bodies in the wake of the recent COVID-19 outbreak, numerous industries’ have either been temporarily halted or are operating with reduced personnel. This aspect is expected to have a substantial negative impact on the industry's revenue growth. Furthermore, these machines' high installation and maintenance costs may limit the market's revenue growth throughout the forecast period.
"Technological Advancements to Foster Market Growth"
Advances in electronics and environmentally friendly products have given top manufacturers of static projectors a competitive advantage. Therefore, manufacturers have broadened their product portfolio with hybrid lamps to lower the product's overall cost. The whole market value has increased as technology has improved from LCDs to DLPs. In the foreseeable future, gradually increasing technological developments in projector bulbs are projected to increase demand. Leading projector light manufacturers are devoting significant efforts to the research and development of new products. Projector bulbs have experienced gradual developments in light source technology, with the primary goal of each development being to improve the consumer experience. A new technique called laser light source with light amplification by stimulated emission of radiation was invented a few years ago and is extensively used by several projector lamp manufacturers. These factors can influence the growth of the ultra-short throw projector market during the upcoming years.
ULTRA SHORT THROW PROJECTOR MARKET SEGMENTATION
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- By Type Analysis
By type, the market is segmented into 4k, 1080p, SD and others.
4k is the leading segment because of its adoption in the theaters. The projection has 4k, ultra-throw, and laser technology and is used in several home appliances because of its size, low energy consumption, and laser technology. These factors are likely to boost the ultra-short throw projector's market progress.
- By Application Analysis
Based on applications, the market is classified into education, business, residential, and others.
The education segment is expected to hold the largest market share as it lowers shadows and eliminates glare from the light source due to its proximity to the screen. It ensures that students can focus and interact with the teacher when the projector is turned on, which, in turn, may facilitate industry progress.
"Increasing Popularity Regarding the compatibility features to Foster Market Growth"
An ultra-short throw projector performs best when used with a UST-compatible screen. These extremely short throw screens reject light from other sources, which allows the light from an ultra-short focus projector's sharp angle to reflect outwards to the spectator and not bounce off the ceiling or walls, adding to the room's ambient light level. Laser TV projectors can sit immediately beneath the display due to their sophisticated wide-angle lens and cutting-edge technology. These units are great for your living room or apartment because of their small throw distance. The UST frequently sits near a receiver and other components, thereby reducing installation complexity. This factor eliminates need to build an outlet near a traditional projector’s location. In addition, it eliminates long runs of HDMI cables from a source to the projector.
"Advanced Features to Boost Market Growth"
The amount of light produced by an ultra-short throw projector isn't as significant in a windowless theatre room, but it still affects the picture quality. Even with televisions, a brighter TV often produces a more vibrant picture. On a projector, brightness is measured in lumens, and its size varies depending upon the lumen number. Lumens is a broad term for light output; however, ANSI Lumens is the most accurate term for video projectors (ANSI stands for America National Standards Institute). The quantity of light reflected from a one square meter region that is one meter away from a one candela light source is measured in lumens. Manufacturers incorporate advanced lumen strengths in their projector to boost the viewing experience. For example, the TK700STi has a projection of 3000 lumens, which is roughly similar to 800 nits. It outperforms most TVs in the same price range in terms of long-term HDR performance and provides excellent brightness for gaming and movies to be in good viewing conditions. These factors are likely to drive the ultra-short throw projector market growth.
"High Installation Costs and Lack of Versatility of Product to Hamper Growth "
The lack of shadow projections, louder fan noise and lack of zoom functionality may restrain the product’s sales. In addition, higher installation costs associated with the may necessitate some offset, resulting in less point-and-shoot than with a traditional projector.
ULTRA SHORT THROW PROJECTOR MARKET REGIONAL INSIGHTS
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"Increasing Home Appliances Sales to Foster Market Growth in Asia-Pacific"
Regionally, the market is clubbed into Europe, North America, Asia-Pacific, South America, and the Middle East & Africa.
North America is projected to dominate the ultra-short throw projector market share because of increased government support for technology use in education, increased usage of interactive technologies in education, and increased penetration of interactive projectors in the corporate domain is expected to boost the market growth. The U.S. has the most developed economy, with well-established end-use verticals such as education, entertainment, and business. The market growth curve is fueled by a wide range of end-users with high demand for projector lamps in their homes and a high per-capita income.
The Asia Pacific is the second-largest market shareholder because of the increasing investments in the consumer electronics sector and high demand from the automotive, healthcare, education, and research areas, which are the primary factors driving the scale and growth of the market. In terms of projector bulb production capability, Japan is the most promising country in the world. Japan is home to the majority of tier-1 manufacturers, making it a manufacturer's hotspot. The country has seen exponential growth on a YOY basis over the last few decades because of technology breakthroughs and a competent workforce.
KEY INDUSTRY PLAYERS
"Incorporation of Strategies for Increasing Product's Adoption to Help Companies Grow"
Due to the presence of several competitors in the industry, both domestically and internationally, the market is extremely competitive. The market appears to be moderately concentrated, with the leading companies employing product innovation and mergers & acquisitions as a strategy. The majority of the market participants profiled in the report focused on technological advances and expanding their sales and distribution networks.
List of Market Players Profiled
- Honghe Tech
- April 2021: InFocus Corporation and Alpha Technologies agreed to support InFocus's marketing strategy, increase sales, and support the whole line of projectors and related accessories.
The report includes a forecast and analysis for the ultra-short throw projector market on a global and regional level. The analysis examines the market's drivers and restraints and their impact on demand during the forecast period. In addition, the report examines global and regional potential in the ultra-short throw projector industry. The study provides a critical perspective on the ultra-short throw projector by segmenting the market by product type, application, and geography. The market has been broken down into groups based on current and projected trends.
|Market Size Value In||US$ 1616.5 Million in 2021|
|Market Size Value By||US$ 8745 Million by 2028|
|Growth Rate||CAGR of 27.3% from 2021 to 2028|
|Historical Data Available||Yes|
|Segments Covered||Type & Application|
Frequently Asked Questions
What value is the global ultra-short throw projector market expected to touch by 2028?
The global ultra-short throw projector market is expected to reach USD 8745 million by 2028.
What CAGR is the global ultra-short throw projector market expected to exhibit by 2028?
The global ultra-short throw projector market exhibits a CAGR of 27.3% during the forecast period.
Which are the driving factors of the ultra-short throw projector market?
Compatibility with other electronics and advanced features are the driving factors of this ultra-short throw projector market.
Which are the top companies operating in the global ultra-short throw projector market?
Epson, BenQ, Optoma, Hitachi, ViewSonic, Sony, Christie, Acer, LG, Infocus, Ricoh, Casio, Vivitek, Dell, Panasonic, Mitsubishi, Canon, Philips, Honghe Tech, NEC, COSTAR are the top companies operating in the ultra-short throw projector market.