The global market for interactive projectors demonstrates a highly competitive and fragmented business landscape, states Transparency Market Research (TMR) in a new research study. The leading companies in this market are focusing substantially on incorporating newest technologies in their products to sustain in this competitive environment.
Seiko Epson Corp., BenQ Corp., Touchjet Inc., Dell Technologies Inc., Optoma Technology Inc., Panasonic Corp., Hitachi Ltd., Sony Corp., Boxlight Mimio, and NEC Display Solutions Ltd. are some of the key companies selling interactive projectors across the world, reviewed in this market report.
As per the research report, the worldwide interactive projectors market was valued at US$0.99 bn in 2016 and is projected to expand at an exceptional CAGR of 21.80% during the period from 2017 to 2025, reaching a value of US$5.97 bn by the end of the forecast period. The demand for interactive projectors is greater in the education sector than other end-use industries. Researchers project this trend to continue in the years to come. Ultra short throw interactive projectors are the most valued products in this market and are anticipated to remain on the top over the next few years.
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North America, in terms of the region, is anticipated to dominate the global market over the period of the forecast due to the rising uptake of technologically advanced and feature-rich products in the corporate sector in a bid to improve the productivity and the meeting room experience. The presence of a number of interactive projector vendors in the region will also support the North America interactive projectors market, reports TMR.
“The rising uptake of interactive projectors in the education sector is influencing the global market for interactive projectors substantially,” says an analyst at TMR. The increasing trend of e-learning and virtual learning has increased the penetration interactive projectors across the world, leading to a significant growth of this market. The substantial rise in technological developments in education and corporate sectors are also boosting the demand for interactive projectors.
Going forwards, the market for interactive projectors, globally, will thrive on the increasing focus of companies to optimize the training costs in order to improve the productivity of employees in the years to come. The introduction of high brightness laser projectors and wireless LTE projectors, usage of lasers and phosphors, emergence of touch-enabled interactive projectors, and the global expansion of market players are likely to surface as the key trend in this market over the next few years, states the research report.
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Dearth of Awareness and High Cost of Installation to Hamper Market’s Growth
On the flip side, the dearth of awareness regarding interactive learning among consumers may limit the uptake of interactive projectors across the world in the near future. Apart from this, the high cost associated with the installation and the maintenance of these projectors is also projected to deter consumers from utilizing. Nevertheless, the constant technological advancements will support this market considerably in years to come, ensuring a steady rise, states the market report.
The review is based on a report by Transparency Market Research (TMR), titled “Interactive Projectors Market (Product Type – Ultra Short Throw, Short Throw, and Standard Throw; Application- Education, Corporate, and Government) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025.”
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